(Bloomberg) -- Microsoft Corp. shares fell after a judge temporarily blocked its contract to perform cloud-computing services for the U.S. Department of Defense.
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Amazon.com Inc., the leading public cloud provider, has protested the award of the Pentagon’s Joint Enterprise Defense Infrastructure, or JEDI, cloud contact that may be worth as much as $10 billion over a decade.
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A judge in the U.S. Court of Federal Claims ordered Thursday a temporary block on the contract in response to Amazon’s lawsuit. CNBC reported on the ruling earlier. Microsoft shares fell as much as 1% to a low of $182.87 after the report. Amazon shares, which had been in negative territory, rose less than 1%.
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