Life in the Nazak market side in the heart of New York City's Times swear. This is Fast Money. Here's what's on top tonight.

A monster night of earnings from Big Tech to Big Pharma and more. We're breaking down the results in all of tonight's reports and what they could mean for the broader markets.

And tough talk. Chinese officials with some harsh words for President Trump on tariffs and trade, how the White House responded and what it says about the state of negotiations

if there are even negotiations going on. Plus, Hasbro's winning day in the face of tariffs,

Pepsi goes flat after its earnings report, and the mislabeled R in Karen's acronym gives a boost

to the carb trade. Who knows what the R is, really? I'm Melissa Lee. Come to you live from studio, be at the NASDAQ on the desk tonight. Tim Seymour, Karen Feinman, Steve Grasso, and Guy Dami. And we start off with Alphabet Everscaleor to report this quarter jumping on the top and a bottom line beat. It also upped its dividend, announced a $70 billion share buyback. The conference call is now underway.

Deirdre Bosa has been listening in.

She joined us with all the details.

Debo.

Hey, Mel.

So, shares moving a little bit higher after we just heard from CFO and at Ashkenazi.

She just gave some color around guidance, which was highly anticipated.

She said that in cloud, they're facing a tight demand supply environment so they

could see some variability in cloud revenue growth rates. She also said that given the significant

increase in investments in CAPEX over the last few years, they're going to see higher depreciation.

She also said that to expect some headcount growth in 2025 in key investment areas, aside from the cloud stuff, none of that is particularly new. So maybe some relief.

Shares before she started talking were at around 3%. We're now higher by about 5%. Overall, though, Melissa, broadly some relief for investors as Google's ad revenue came in largely

in line with expectations, and there was some worried that increased activity on AI chatbots,

tariffs might impact its core negatively. I want to point out another comment from Chief

Business Officer Philip Schindler on the call. He said that for AI overviews overall, this is

the AI that they're feeding to

search users. He said they continue to see monetization at approximately the same rate, which

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