Photo by Jaap Arriens/NurPhoto via Getty Images

Google's stock was down 5% in after-hours trading Thursday after the company reported that it missed on earnings per share. Google says revenues were negatively impacted by tax regulation that went into affect last month.

Why it matters: Google's core business is still healthy, despite content concerns on its media platforms, increased scrutiny from European regulators, and commerce threats from Amazon. Its advertising business grew and drove revenues to beat expectations.

The company is trying to lessen its reliance on advertising by diversifying into new areas such as cloud computing, which brought in more than $1 billion in revenue for the quarter.

New face: Former Stanford University president John Hennessy was appointed as chairman of the board, replacing Eric Schmidt, who recently left the role.

By the numbers:

  • Earnings per share: $9.70 vs $9.98 expected by a Thomson Reuters estimate.
  • Revenue: $32.32 billion (a 24% increase from a year ago) vs $31.86 billion Thomson Reuters estimate.
  • Other bets: Alphabet-owned side projects (like Nest, Waymo and Verily) are not yet profitable, posting a $916 million operating loss on $409 million in revenue in the fourth quarter. But the loss narrowed over the year-ago quarter.
  • Cost per click: The key metric for Google properties decreased 16% year-over-year, meaning that its ads were clicked more often, bringing prices down for advertisers.
  • Cloud payoff: Google’s cloud business now generates more than $1 billion in sales per quarter, a notable milestone.

Correction: An earlier version of this post incorrectly stated that the company missed revenue expectations.

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Police and protesters clash in Belarus after "Europe's last dictator" claims election win

Protesters and riot police clash in Minsk, Belarus, on Sunday during a demonstration against President Alexander Lukashenko's claim of a landslide victory. Photo: Misha Friedman/Getty Images)

Riot police clashed with protesters in Belarus overnight after a government exit poll predicted Sunday President Aleksander Lukashenko, an authoritarian who has ruled the Eastern European country since 1994, had overwhelmingly defeated a pro-democracy opposition candidate.

Why it matters: It's a precarious moment for the former Soviet republic, where decades of repression and a complete disregard for the coronavirus pandemic threaten to topple "Europe's last dictator." Rights groups said at least one protester was killed and dozens more wounded in a "police crackdown," per AP.

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Anti-government protesters in Beirut. Photo: STR/NurPhoto via Getty Images

Lebanon’s information and environment ministers resigned Sunday in the wake of massive protests over the deadly blast in Beirut's port last week, per AP.

Why it matters: In her resignation letter, Information Minister Manal Abdel-Samad called change "elusive" and apologized for not delivering more to the country, which had been devastated by a financial crisis and the coronavirus pandemic even before the blast destroyed much of the capital city.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 19,863,850 — Total deaths: 731,374 — Total recoveries — 12,117,346Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 5,044,864 — Total deaths: 162,938 — Total recoveries: 1,656,864 — Total tests: 61,792,571Map.
  3. Politics: Pelosi says states don't have the funds to comply with Trump's executive order on unemployment — Mnuchin says Trump executive orders were cleared by Justice Department.
  4. States: New York reports lowest rate of positive coronavirus test results since pandemic began
  5. Public health: Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths by end of 2020. 
  6. Schools: 97,000 children test positive for coronavirus in two weeks — Nine test positive at Georgia school where photo showing packed hallway went viral .