8legs: Lyft

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#1 out of 2

Small Philadelphia businesses report sharp BIRT bill increases, prompting relocation concerns.
Therapists report BIRT bills rising dramatically, with some bills jumping from $1,213 to $14,774.
Exemption bills seek relief for sole proprietors and single-member LLCs amid legal questions.
City budget proposals add new taxes on rideshares, online retailers, and hotel stays.
Officials warn exemptions must pass legal muster and align with state law.
Advocates urge hearings to discuss relief measures and protect small businesses.
City aims to patch potholes and speed up road work with new revenue streams.
Rideshare and hotel tax plans face opposition from various groups amid school concerns.
City argues new taxes are needed to fund education and public services.
Community voices emphasize balancing tax fairness with support for small businesses.

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#2 out of 2

Akamai Technologies jumped about 25% after a major cloud deal and an earnings beat, aiding sentiment in tech infrastructure.
CoreWeave slided about 10% after-hours due to revenue guidance miss for Q2.
Trade Desk fell about 14% after guiding to lower revenue than analysts expected for the current quarter.
Expedia shares fell after forecasting second-quarter revenue that slightly lagged, with room-night bookings missing earlier estimates.
Lyft posted higher revenue than expected but earnings per share came in below estimates, weighing on stock.
Cloudflare tumbled about 14% after announcing a cost-cutting round including headcount reductions.
Gilead Sciences warned of a full-year loss per share, signaling a major earnings revision.
Rocket Lab rose after quarterly revenue beat and a large backlog, plus new contract news.
Top movers also included Monster Beverage and Akamai’s continued earnings momentum.
Coinbase reported a quarterly loss and revenue miss, weighing on cryptocurrency-related equities.

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