Costs Bite Into Alibaba's Margins

Alibaba Group Holding Ltd.’s earnings lagged estimates after it swallowed a higher tax bill and splurged on the entertainment and cloud computing businesses that are fueling revenue growth. Bloomberg's Selina Wang reports on "Bloomberg Technology." (Source: Bloomberg)

Gary Cohn Says Corporate Tax Rate Must Get Below 23%
35:09 - U.S. National Economic Council Director Gary Cohn talks about the importance of tax reform and the need to bring the U.S. corporate rate below the OECD average of 23 percent. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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  • Full Show: Bloomberg Daybreak: Americas (08/01)