12:27 PM EDT, 06/28/2024 (MT Newswires) -- All three major US stock indexes were mixed at midday Friday, following the releases of solid personal consumption expenditure price index and consumer sentiment data.

In company news, Nike ( NKE ) said late Thursday it expects a high-single-digit decline in revenue, while it anticipates a mid-single-digit drop for full FY'25. It reported fiscal Q4 earnings of $0.99 per diluted share, up from $0.66 a year earlier and above the Capital IQ consensus of $0.83. Revenue fell to $12.61 billion from $12.83 billion a year ago and was below consensus of $12.86 billion. For the first half of FY'25, . Shares were down 19%.

Apple's ( AAPL ) iPhone shipments in China rose 40% in May, Bloomberg reported Friday, citing data from the China Academy of Information and Communications Technology. Over 5 million units of the total were foreign smartphones. Apple ( AAPL ) shares were marginally up.

Massachusetts Attorney General Andrea Joy Campbell said Uber Technologies ( UBER ) and Lyft ( LYFT ) have reached a settlement to pay their drivers a minimum wage of $32.50 per hour and provide paid sick leave, occupational accident insurance, pooled access to health insurance and health care stipends. The settlement also halts 2024 ballot on the issue. Uber ( UBER ) shares were up nearly 4%, while shares of Lyft ( LYFT ) were up 5%.

European regulators are weighing a probe into Microsoft's ( MSFT ) investment in OpenAI, Bloomberg reported. Microsoft ( MSFT ) has invested $13 billion in the AI firm, and the European Union's antitrust regulators are interested in questioning the software giant's rivals whether its arrangement with OpenAI is hindering competition. Microsoft ( MSFT ) shares were down 0.1%.

Nokia ( NOK ) will acquire networking solutions provider Infinera ( INFN ) for $2.3 billion in a cash-and-stock deal. Infinera ( INFN ) shareholders will have the option to receive either $6.65 per share in cash, or $4.66 in cash and roughly 0.54 Nokia ADS. Nokia ( NOK ) shares were up 1.6%.

Google ( GOOG ) and TikTok have banned Done Global from advertising on their platforms until the telehealth company regains the required third-party certification, the Wall Street Journal reported Thursday. Done lost its certification nearly two years ago. The telehealth company spent about $20 million on Google ( GOOG ) ads and about $3 million on TikTok ads, according to documents. Google ( GOOG ) shares were down 0.9%.

Meta Platforms ( META ) is open to blocking news content from Facebook in Australia to avoid licensing fees, Reuters reported. A 2021 regulation allows the Australian government to set the fees that US tech companies pay local media outlets for links. Meta has existing deals with Australian media firms, but has no plans to renew them after 2024. Meta shares were down 1%.

Toyota Motor ( TM ) plans to launch its first electric-car model with an advanced autonomous driving system in China next year, Reuters reported, citing a statement. Separately, Toyota ( TM ) is in talks with authorities about potential incentives for a wholly owned factory in Shanghai to manufacture Lexus electrified cars, Bloomberg reported. Toyota ( TM ) shares were up 0.6%.

Price: 76.11, Change: -18.08, Percent Change: -19.20