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The Trump Administration Is Set to Pocket $10 Billion From the TikTok Deal

March 14, 2026

The Trump administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, delivering it a windfall for keeping the popular social-media app alive in America. The payment is part of the agreement through which investors friendly with the administration gained control of TikTok’s U.S. operations from Chinese parent ByteDance, people familiar with the matter said....

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INDUSTRY

Microsoft Chief Satya Nadella Warns AI Boom Could Falter Without Wider Adoption

Microsoft chief executive Satya Nadella has warned that AI risks becoming a speculative bubble unless its use spreads beyond big tech companies and wealthy economies.Nadella on Tuesday said that the long-term success of the fast-developing technology would depend on it being used by a broad range...

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INDUSTRY

23andMe Files for Bankruptcy Amid Privacy Concerns

The genetic testing company 23andMe — which allows users to spit in a tube and send away the sample for a detailed DNA analysis — is filing for bankruptcy.The California biotech firm announced in a statement this week that it had entered the federal bankruptcy process with the goal of finding a...

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INDUSTRY

Google Found Guilty of Maintaining Monopoly, Judge Rules in Landmark Antitrust Case

Google acted illegally to maintain a monopoly in online search, a federal judge ruled on Monday, a landmark decision that strikes at the power of tech giants in the modern internet era and that may fundamentally alter the way they do business.Judge Amit P. Mehta of U.S. District Court for the...

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INDUSTRY

Federal Judge Rejects $30 Billion Visa, Mastercard Swipe-Fee Settlement

NEW YORK, June 25 (Reuters) - A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab agreed to limit fees they charge merchants that accept their credit and debit cards.U.S. District Judge Margo Brodie in...

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INDUSTRY

Tractor Supply Ends DEI Roles and Carbon Goals Amid Backlash

Tractor Supply Company, which bills itself as the largest rural lifestyle retailer in the U.S., will eliminate its diversity, equity and inclusion (DEI) roles, withdraw its carbon emissions goals and stop sponsoring Pride events in response to criticism from conservative activists.The Brentwood,...

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INDUSTRY

Janus Henderson Tightens Grip on CLO ETFs with JAAA's $10 Billion Milestone

The biggest ETF tracking collateralized loan obligations has reached $10 billion in assets, helping Janus Henderson further tighten its grip on the quickly growing niche.The Janus Henderson AAA CLO exchange-traded fund (ticker JAAA) now commands more than $10 billion in assets, giving it roughly...

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INDUSTRY

Hackers Uncover Trains Designed to Fail in Poland

An unusual right-to-repair drama is disrupting railroad travel in Poland despite efforts by hackers who helped repair trains that allegedly were designed to stop functioning when serviced by anyone but Newag, the train manufacturer.Members of an ethical hacking group called Dragon Sector,...

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INDUSTRY

Southern Governors Unite Against UAW Expansion Efforts

Six Republican governors are condemning efforts by the United Auto Workers to organize car factories in their states, a flash point as the labor group tries to build on its success last year winning concessions from the Big Three automakers by making inroads in the historically union-averse...

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INDUSTRY

Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud

NEW YORK, March 28 (Reuters) - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.U.S. District Judge...

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