(Bloomberg) — The US House on Saturday put legislation forcing TikTok’s Chinese parent ByteDance Ltd. to divest its ownership stake on a fast track to become law, tying it to a crucial aid package for Ukraine and Israel. Most Read from Bloomberg A massive lobbying effort led by TikTok Chief Executive Officer Shou Chew failed […]
WASHINGTON (AP) — The House passed legislation Saturday that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year, but don’t expect the app to go away anytime soon. The decision by House Republicans to include TikTok as part of a larger foreign […]
(Bloomberg) — Sign up for the India Edition newsletter by Menaka Doshi — an insider’s guide to the emerging economic powerhouse. Most Read from Bloomberg Elon Musk postponed a visit to India which would have included a meeting with Prime Minister Narendra Modi, saying he must tend to pressing issues at Tesla Inc. “Unfortunately, very […]
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. After years of booming growth, the AI industry is now experiencing a significant slowdown in investment, as detailed in a recent report from Stanford’s Institute for […]
(Bloomberg) — Netflix Inc. shares fell the most in nine months Friday, taking the shine off stellar first-quarter financial results following management’s decision to stop reporting quarterly subscriber data. Most Read from Bloomberg This metric has long been the primary way Wall Street evaluated the company’s performance, but executives at Netflix, which now has almost […]
By Robert Harvey and Natalie Grover LONDON (Reuters) – Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders. Brent crude futures briefly topped $92 a barrel last week, the highest since October. While that’s bad […]
(Bloomberg) — Facebook parent company Meta Platforms Inc. debuted a new version of its powerful Llama artificial intelligence model, its latest effort to keep pace with similar technology from companies like OpenAI and Alphabet Inc.’s Google. Most Read from Bloomberg Llama 3, unveiled Thursday, is an upgrade from an AI model that Meta released last […]
(Bloomberg) — Schneider Electric SE is in talks about a potential deal with engineering software maker Bentley Systems Inc., potentially paving the way for one of the biggest takeovers of a US company by a French business. Most Read from Bloomberg The discussions are part of Schneider Electric’s strategy to build up its capabilities in […]
(Bloomberg) — Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates. Most Read from Bloomberg Tata Group is in the final stages of negotiations with Pegatron to take a majority stake […]
(Bloomberg) — Paramount Global’s controlling shareholder Shari Redstone has a tough decision looming: whether to let other stockholders have a say if she agrees to sell her family’s holdings to producer David Ellison and merge the film and TV giant with his Skydance Media. Most Read from Bloomberg The Redstones own less than 10% of […]
(Bloomberg) — Schneider Electric SE is in talks about a potential deal with $17 billion engineering software maker Bentley Systems Inc., in what would be one of the biggest takeovers of a US company by a French corporation. Most Read from Bloomberg The discussions are part of Schneider Electric’s strategy to build up its capabilities […]
HONG KONG (AP) — Apple said it had removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China to comply with orders from Chinese authorities. The apps were removed from the store on Friday after Chinese officials cited unspecified national security concerns. Their removal comes amid elevated tensions […]
