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

Good morning. Today is Wednesday, February 19th. I'm Julie Morgan. Nike picks its first ever partner for a new brand.

Google has to pay up in Italy, and Lazy Boy expects impacts based on the housing market.

Nike was the biggest gainer in the Dow Jones Industrial Average on Tuesday after announcing that a new brand called Nike skims will launch this spring in the U.S.

The collaboration with Kim Kardashian skims will include training apparel, footwear,

and accessories that Nike says combine the company's sports science with Skim's obsession for the female

form. Notably, the development marks the first time Nike has partnered with an outside company

to launch a new brand. Analysts have weighed in favorably on the upside for Nike, especially for the long term,

on the view that it can add market share in a growing category.

One Jeffrey's analyst said the firm views the Nike skims partnership favorably

because it is a promising step forward in the fitness and active wear market.

Shares of Nike gained 6.2% on Tuesday.

Milan's prosecutors said they requested to drop a case against the European unit of Alphabet's

Google after the company agreed to pay $340 million to settle a tax claim.

Reuters reported that the settlement spans the period between 2015 and 2019

and covers sanctions, penalties, and interests, the report added, citing a statement from prosecutors.

Google did not immediately respond to a request for comment from seeking alpha.

Lazy Boy reported better than expected results for the fiscal third quarter.

However, the company says it's expecting continued challenging macro conditions,

so they set conservative guidance that was below Wall Street's expectations.

Buoyed by a 4% improvement in sales and widening operating margin,

Lazy Boy realized a 1% increase in profits on a per share basis and a penny above Wall

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