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U.S. equities surged to record highs led by tech giants Nvidia and Apple amid optimism over AI investments. Despite worries over inflation and government shutdown risks, markets remain buoyant with the S&P 500, Dow, and Nasdaq all closing at new records. European shares opened mixed, jittery ahead of PMI data and amid recent ransomware airport disruptions.
Nvidia and OpenAI deepen ties with Nvidia’s massive $100 billion investment to power AI data centers, reflecting acceleration in artificial intelligence infrastructure funding.
$100 billion – Nvidia’s massive planned investment in OpenAI to expand AI data center infrastructure.
Federal judge overturns Trump’s blockage on nearly finished offshore wind projects, allowing construction to resume and marking a setback for the administration’s energy policy.
The Trump administration reels from global backlash after imposing a $100,000 fee on H-1B visas, stirring confusion and negatively impacting Indian IT stocks and U.S. tech companies reliant on foreign talent.
Pfizer Boosts Obesity Push With $4.9B Metsera Deal
Pfizer accelerates growth in obesity treatments by acquiring Metsera for $4.9 billion, aiming to capitalize on booming weight-loss therapy demand.
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Jimmy Kimmel’s late-night show returns to ABC after suspension prompted by White House pressure, igniting free speech debates and backlash from conservative groups and media outlets.
Google faces renewed antitrust trial over its digital advertising monopoly, risking a forced breakup as the Department of Justice pursues remedies against Alphabet’s dominance.
Spirit Airlines Plans 1,800 Flight Attendant Furloughs
Budget carrier Spirit Airlines to furlough one-third of flight attendants amid bankruptcy restructuring, signaling deep cost-cutting measures.
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US and UK create joint task force to align policies and regulations on cryptocurrency and digital assets, aiming to bolster global cooperation in financial technologies.
Oracle appoints co-CEOs as Safra Catz moves to vice chair, positioning the software giant to capitalize on AI boom and oversee TikTok’s US algorithm under Trump administration deal.
Trump administration imposes a $100,000 fee on new H-1B visa applications, impacting technology sector hiring and global migration patterns.
Pfizer accelerates its push into obesity treatments with $4.9 billion acquisition of Metsera, expanding its portfolio in the booming weight loss therapy market.
Spirit Airlines to furlough one-third of flight attendants amid second bankruptcy filing, intensifying restructuring efforts ahead of the busy holiday travel season.
We want all the brightest minds to come to the U.S. and remember immigration is the foundation of the American Dream.
— Jensen Huang, Nvidia CEO
White House confirms Oracle will manage TikTok’s US algorithm in a key part of the pending TikTok divestment, increasing American control over the Chinese-owned app’s operations.
US Treasury pledges support for Argentina amid severe market volatility, with discussions on deploying financial lifelines to stabilize the struggling economy under President Milei.
Gold prices hit fresh all-time highs driven by safe-haven demand amid uncertain markets, reaching near $3,753 an ounce, marking the best year since 1979 for the precious metal.
Supreme Court allows Trump to fire FTC commissioner, signaling possible broader presidential power to reshape independent agencies pending full review.
Russia intensifies attacks on Ukraine’s vital railway system, describing them as systematic, further escalating the conflict.
European airports in Copenhagen and Oslo face closures following multiple drone sightings, triggering widespread travel disruptions and security investigations.
Tesla faces lawsuits in China over failure to deliver promised Full Self-Driving features, adding to regulatory and legal challenges in its largest auto market.
US markets hit record highs buoyed by gains in tech stocks including Nvidia and Apple, despite caution over Fed’s future policy signals.
Major ransomware attack forces disruptions across European airports, with EU cybersecurity agency confirming the cyber assault amid ongoing travel chaos.
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