Oracle Soars on Strong Forecast, EU Plans Drone Defense, Sweden Unveils Business Boost

Group 1: Oracle Corporation - Oracle Corporation's stock surged approximately 30% in extended trading due to an optimistic revenue forecast driven by strong demand for its cloud infrastructure and AI services [2][9] - The company anticipates its cloud infrastructure revenue to grow by 77% to $18 billion in the current fiscal year, with projections reaching $32 billion in fiscal year 2027 and $73 billion by fiscal year 2028 [3] - Remaining performance obligations (RPO) increased by 359%, reaching $455 billion in the first quarter, with expectations to exceed half-a-trillion dollars soon [3] Group 2: European Union - The European Union is advancing plans to implement a "wall of drones" along its eastern border to enhance security and defense capabilities [4][5] - This initiative aims to detect and counter incursions and provocations from "unfriendly countries" such as Russia and Belarus, integrating physical barriers and advanced surveillance systems [5] Group 3: Sweden's Economic Initiatives - Sweden's 2026 budget will include a 7 billion SEK package aimed at stimulating businesses, particularly through lower taxes for small businesses [6][7] - The overall budget aims to revive the economy amidst recessionary conditions, featuring significant tax cuts targeting income, pensions, and electricity [7]