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Nasdaq futures declined 0.54%, while S&P 500 futures slipped 0.23%. The stock continues to trade near its 52-week low, making it more vulnerable to broader market selling. Alibaba Loses Washington Lobbying Firms The law, which took effect Tuesday, bars the Defense Department from working with contractors represented by lobbyists who also represent companies designated as allegedly supporting China’s military. Alibaba lost five lobbying firms, while Tencent lost four, according to recent lobbying disclosures. Alibaba, which denies military ties, sued the Pentagon last week seeking removal from the blacklist, saying the new rules had already prompted firms to end their relationships…
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