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Shares fell over 7% before the bell.Moderna : Shares pulled back 10% in premarket trading following yesterday's 177% rally- the biggest gain for any stock in the S&P 500 in the past 25 years.Strategy , Coinbase , American Bitcoin : Shares in crypto-related companies jumped more than 6% apiece premarket, after President Trump had a friendly meeting with digital-currency leaders at the White House.Walmart , Deere & Co. , Advance Auto Parts : The companies are scheduled to report earnings ahead of the opening bell. 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Chatter: Australia Passes Legislation Ordering Social Media to Pay Taxes on News Usage","url":"https://stock-news.laohu8.com/highlight/detail?id=2660454407","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2660454407?lang=en_us&edition=fundamental","pubTime":"2026-08-20 17:04","pubTimestamp":1787216679,"startTime":"0","endTime":"0","summary":"Australia passed a law on Thursday ordering Meta Platforms'  Facebook and Instagram, Alphabet's  Google, Microsoft's  LinkedIn and ByteDance's TikTok to pay millions of dollars in payments if they don't forge commercial deals with media outlets for posting news on their platforms, Reuters reported Thursday.The law, called the News Bargaining Incentive, taxes the social media platforms 2.5% on ad revenues to be paid to Australian news outlets unless they make deals with the media organizations, the report said.The tax applies to companies with significant social media or search services in Australia with annual ad revenue, exceeding 250 million Australian dollars , the report said.Meta, Google, Microsoft and TikTok did not immediately respond to MT Newswires' request for 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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