The latest inflation data is expected to show an easing of price pressures, and a jump in earnings helped push Oracle shares higher. Here’s what investors need to know today.

1. Today’s CPI report is expected to show easing inflation

Ahead of the Federal Reserve’s interest rate decision on Wednesday, today’s 8:30 a.m. ET posting was the latest Consumer Price Index (CPI) expected to show inflation slowed down in May. While CPI’s 0.1% increase last month and 4% year-on-year would be down from April’s 4.9%, it’s still well above the Fed’s 2% inflation target. Core CPI, which strips out volatile food and energy costs, is expected to have risen 0.4% in May and 5.3% from a year earlier, from an annual pace of 5.5% in April.

2. Increase in revenue Helps drive Oracle’s revenue higher and the stock by leaps and bounds

Oracle stock (ORCL) traded nearly 5% higher premarket after its earnings report showed the software vendor beat analysts’ expectations on earnings and revenue. per quarter, Soothsayer increased revenue by 17% compared to the same period last year and net income reached $3.32 billion, better than last year’s quarterly net income of $3.19 billion. During the quarter, some of the company’s cloud services were approved for US defense and intelligence agencies.

3. British chip designer in talks with Intel to anchor upcoming IPO

British chip designer Arm Ltd. these are strategic investors, including Intel (INTC) about anchoring its planned initial public offering (IPO) on the Nasdaq, which is expected to raise $10 billion for the company backed by Japan’s SoftBank Group. Shares of Intel traded nearly 2% higher in premarket trading as SoftBank (SFTBY) shares rose more than 4%.

4. The EU is set to file an antitrust lawsuit against Google’s Ad Tech Business

The top of the European Union antitrust The regulator is expected to file an antitrust complaint Google, alleges that it is abusing its market power in ad technology. The move would follow similar action by the US Department of Justice, which filed a lawsuit against Google in January, arguing that its monopoly power allowed it to harm web publishers and advertisers who sought to use products that compete with Google. Shares in Google’s parent company Alphabet (GOOGLE) were trading 0.5% higher before the market launch.

5. Netflix wants to stream live sports with new ad-supported subscription

Netflix (NFLX) is a live telecast of a sporting event, a first for the streaming service as several of its competitors already broadcast live sporting events. Netflix is looking to broadcast a golf tournament that matches professional players with Formula 1 race car drivers. The live sports broadcast comes as Netflix recently introduced an ad-supported subscription tier. Netflix shares were trading 0.5% higher in premarket trading.