Meta reaches a landmark child-safety settlement while global markets and AI-driven sectors face shifting regulatory and economic pressures.
Key Points
Meta Platforms has agreed to a landmark settlement of up to $18 billion with U.S. states to resolve allegations regarding the addictive nature of its social media platforms, committing to significant product changes for teenage users.
The U.S. government has disrupted a sophisticated Chinese hacking campaign that targeted major national institutions, including NASA, the Federal Reserve, the Justice Department, and the U.S. Senate.
U.S. inflation remains a key economic concern as the PCE index holds steady, cooling consumer spending and fueling market uncertainty ahead of major tech earnings reports like Nvidia.
CrowdStrike reported its best quarter in history, driven by increased demand for AI-powered cybersecurity, while Salesforce shares gained following an expanded partnership with AI lab Anthropic.
Canada has announced retaliatory tariffs of up to 50 percent on hundreds of American goods in response to recent U.S. trade policies, signaling a deepening trade dispute between the neighbors.
Chinese tech firms are aggressively expanding their AI and semiconductor capabilities, with companies like MiniMax reporting significant revenue growth and DeepSeek nearing a multibillion-dollar funding round.
The FDA has approved the drug daraxonrasib, a breakthrough treatment for pancreatic cancer that has demonstrated the ability to double patient survival rates compared to traditional chemotherapy.
New York City Mayor Zohran Mamdani is forming a business advisory council in an effort to improve his administration's relationship with the Wall Street community and stimulate local economic growth.