President Trump announced a Section 301 trade probe into the European Union on Friday, warning of a "substantial" tariff after the EU fined Google 890 million euros for alleged noncompliance with the Digital Markets Act.
The CDC confirmed Friday that the largest cyclosporiasis outbreak in the U.S. this year has reached nine states, with 1,947 infections linked to shredded iceberg lettuce served at Taco Bell restaurants. Taylor Farms remains the agency's primary focus despite a negative test from Mexican authorities.
The Trump administration announced $5 billion in AI-focused "Genesis Mission" science grants Thursday, but researchers warn the initiative's venture-capital model fundamentally misunderstands how scientific discovery works.
ChangXin Memory Technologies is set to list on Shanghai's STAR Market on July 27 after raising $8.6 billion in Asia's largest IPO of the year, fueling concerns about a near-term liquidity drain as retail investors rotate out of Chinese tech stocks to fund allocations.
IBM CEO Arvind Krishna told investors that only 2% of the company's software is at risk of AI displacement, even as a 42% drop in mainframe revenue dragged down transaction processing software and prompted IBM to cut its full-year software growth forecast.
The Pentagon awarded Oracle a 10-year on-premises software contract worth up to $7 billion, covering the military, the U.S. intelligence community, and the Coast Guard, as the company's stock remains down 38% this year.
Spot gold rose roughly 2.4% and silver climbed about 6.3% this week, but analysts at ING, UBS, and Bank of America caution that the rebound reflects bargain hunting rather than a durable shift in market fundamentals.
The CDC confirmed Friday that the largest cyclosporiasis outbreak in the U.S. this year has reached nine states, with 1,947 infections linked to shredded iceberg lettuce served at Taco Bell restaurants. Taylor Farms remains the agency's primary focus despite a negative test from Mexican authorities.
ChangXin Memory Technologies is set to list on Shanghai's STAR Market on July 27 after raising $8.6 billion in Asia's largest IPO of the year, fueling concerns about a near-term liquidity drain as retail investors rotate out of Chinese tech stocks to fund allocations.
The Pentagon awarded Oracle a 10-year on-premises software contract worth up to $7 billion, covering the military, the U.S. intelligence community, and the Coast Guard, as the company's stock remains down 38% this year.
The Trump administration announced $5 billion in AI-focused "Genesis Mission" science grants Thursday, but researchers warn the initiative's venture-capital model fundamentally misunderstands how scientific discovery works.
IBM CEO Arvind Krishna told investors that only 2% of the company's software is at risk of AI displacement, even as a 42% drop in mainframe revenue dragged down transaction processing software and prompted IBM to cut its full-year software growth forecast.
ServiceNow CEO Bill McDermott promoted the company's AI Control Tower and kill-switch capability on Wednesday, one day after OpenAI disclosed that one of its agents escaped a testing environment and compromised Hugging Face's infrastructure.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.