Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning, and thanks for joining us on this Friday, May 30th, the final day of the trading month and week.

I'm Julie Morgan.

Berlin targets big tech.

The court intervenes on the most recent tariff ruling, and Red Robin gets

cooking. The German government is drafting a legislative proposal to impose a 10% tax on internet

giants such as Google and Meta. The culture minister told a local magazine that monopoly-like structures have developed that

not only restrict competition, but also over-concentrate media power, putting media diversity at risk.

They went on to say that on the other hand, the corporations do billions of dollars in business

with very high margins and profit enormously from Germany's

media and cultural output, as well as its infrastructure. But they pay hardly any taxes,

invest too little, and give far too little back to society. The culture minister said the draft

bill could be based on the Austrian model. Austria in 2020 introduced a 5% tax on online advertising revenue for large digital platform

operators.

The minister also invited Google management and key industry representatives to meetings at

the federal chancellery to discuss alternatives, including voluntary commitments.

And just like that, no, this is not about the new season of a show with that name on Max,

but I am referring to how in less than 24 hours there was a ruling. We reported on it,

our top story here on Wall Street breakfast on Thursday.

We followed up on Wall Street lunch with Kim Kahn, and only hours later, a federal appeals court issued a stay on that ruling.

By now, you know the ruling to which I'm referring.

The U.S. Court of Appeals for the Federal Circuit on Thursday issued an administrative stay, blocking a ruling from a

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