** Shares of Google-parent Alphabet GOOG fall 3.4% to $247.70
** GOOGL falls as much as 4.8% after OpenAI announces livestream event at 10 a.m. PT (1 pm ET) on X.com; preview shows content similar to web browser
** “When OpenAI posted it on X, that seemed to hint about a live stream on a new browser and that’s where Google came under pressure,” says Art Hogan, chief market strategist at B. Riley Wealth.
** Alphabet owns Google Chrome, one of the world’s most used web browsers
** Reuters reported in July that OpenAI is close to releasing AI-powered web browser
