EU charges Microsoft with 'abusive' bundling of Teams and Office, breaching antitrust rules ( www.cnbc.com )
European Union regulators accuse Apple of breaching the bloc's tech rules ( www.cnbc.com )
Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic ( www.cnbc.com )
Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says ( www.cnbc.com )
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved....
Gilead’s twice-yearly shot to prevent HIV succeeds in late-stage trial, found 100% effective ( www.cnbc.com )
Apple stops offering buy now, pay later loans in U.S. ( www.cnbc.com )
Paramount and Skydance agree to terms of a merger deal ( www.cnbc.com )
Apple surpasses Microsoft as world's most valuable company after unveiling AI plans ( www.cnbc.com )
Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership ( www.cnbc.com )
Turkey's inflation passes 75% in what economists believe is peak ( www.cnbc.com )
KEY POINTS...
Ukraine’s Zelenskyy accuses China of helping Russia to disrupt upcoming peace summit ( www.cnbc.com )
- The peace talks, which focus on the Russia-Ukraine conflict which started in February 2022, are due to take place at the Bürgenstock Resort in Switzerland on June 15-16....
Twitch terminates all members of its Safety Advisory Council ( www.cnbc.com )
Twitch on Friday will end the contracts for all members of its Safety Advisory Council, a resource made up of industry experts, streamers and moderators, who consulted on trust and safety issues....
Amazon plans to give Alexa an AI overhaul — and a monthly subscription price ( www.cnbc.com )
International Criminal Court prosecutor seeks arrest warrants for Israel's Netanyahu, Hamas leaders ( www.cnbc.com )
Reddit shares soar 14% after company reports revenue pop in debut earnings report ( www.cnbc.com )
Climate protesters try to break into Tesla's Germany factory, multiple people arrested ( www.cnbc.com )
Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico ( www.cnbc.com )
Google is laying off more employees and hiring for their roles outside of the U.S.
‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes ( www.cnbc.com )
A group of around 1,500 homebuyers say they have yet to see the apartments they paid for about eight years ago, as challenges persist in China’s property sector. The promise was they would be ready by 2019, but the majority are still unfinished, according to five of the homebuyers, who requested anonymity out of fear of...
Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions ( www.cnbc.com )
Neuralink's first in-human brain implant has experienced a problem, company says ( www.cnbc.com )
Reddit shares plunge almost 25% in two days, finish the week below first day close ( www.cnbc.com )
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations ( www.cnbc.com )
SMIC, China’s biggest contract chip manufacturer, is seen as critical to Beijing’s ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China’s tech power. SMIC lags behind Taiwan’s TSMC and South Korea’s Samsung Electronics, according to analysts....
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations ( www.cnbc.com )
SMIC, China’s biggest contract chip manufacturer, is seen as critical to Beijing’s ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China’s tech power. SMIC lags behind Taiwan’s TSMC and South Korea’s Samsung Electronics, according to analysts....
Google employees question execs over 'decline in morale' after blowout earnings ( www.cnbc.com )
At an all-hands meeting last week, Google executives responded to employee questions about declining morale even with financial performance improving.