Trump Signs Debanking, Crypto 401(k) Executive Orders
Executive orders aim at stopping banks from withdrawing services from customers for their political or religious beliefs.
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Guggenheim Hires Truist Software Analyst In Tech Push
Guggenheim is filling the gap in its tech investment banking practice after some of its senior bankers left for competitors.
OpenAI Pays Bonuses Ranging Up To Millions of Dollars to 1,000 Researchers, Engineers
The bonuses, which are going to about a third of the company, range from the low hundreds of thousands to millions.
Trump Calls on Intel CEO to Resign ‘Immediately’
The president claimed, without evidence, that Intel’s CEO was “highly conflicted.”
WBD’s Second Quarter Shows Growth at Studio and Streaming
Like Comcast's NBCUniversal, Warner Bros. Discovery is splitting off the declining TV channel business.
Ellison’s Skydance Takes Control of Paramount
Ellison now has to figure out what to do with Paramount's older TV channel businesses, which are in decline.
TSMC, South Korean Chipmakers Shares Rise on Trump’s Semiconductor Tariffs
TSMC stands to be exempted from the proposed duties over its manufacturing presence in the U.S.
AppLovin’s Revenue Grows 77% in Second Quarter
The company has taken share from rivals in the business of buying and selling ads on mobile apps
xAI Tools to Run More of X’s Ad Business, Musk Says
xAI's Grok will also evaluate whether ads look good or bad, and X will give greater priority to ads it deems to be more visually pleasing.
DoorDash Reports Accelerating Revenue Growth
The food delivery service said growth in its subscription program was helping speed up order growth.
Trump Says He Will Charge 100% Tariff on Chip Imports
The tariff won’t apply to companies who move production to the U.S.
Airbnb’s Revenue Growth Accelerates Despite Weakness in North America
Airbnb said its business in the U.S. accelerated through the quarter.
Uber CEO Discusses Flywheel Behind Strong Quarter, ‘Robot Car’ Future
Uber CEO on the next decade in autonomous and why he Isn’t rushing to do big M&A
Apollo To Acquire Data Center Builder As AI Demand Grows
Alternative asset managers like Apollo and Blackstone are pouring billions on data centers.
Apple to Invest Additional $100 Billion into US Manufacturing
Apple is likely seeking to avoid tariffs
Shopify Stock Soars on 31% Revenue Growth
Shopify's topline is expanding quickly as the company signs up new merchants to use its tools.
Disney to Take Hulu Global
Disney's Hulu will replace the Star tile on Disney+ in international markets as it becomes the company's global general-entertainment programming brand.
Disney Announces New NFL, WWE Deals for ESPN Streaming Service
ESPN has acquired the NFL Network in exchange for the league taking a 10% stake in ESPN. It is also exclusively licensing major WWE shows starting next year.
OpenAI to Hold Share Sale at $500 Billion Valuation
The secondary sale, which is still early in its process, is higher than OpenAI’s last private market valuation.
Runway, Luma Target New Multi-Billion Dollar Fundraises
The talks are a sign of investor enthusiasm for video AI models.
Weekday mornings
The Information AM by The Information Staff
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