President Donald Trump is anticipated to quickly signal into legislation the “Take It Down Act,” a sweeping bipartisan measure that targets the unfold of nonconsensual, sexually express deepfake pictures and movies on-line.
Trump will present some aid to U.S. producers by reportedly easing some duties imposed on international elements in domestically manufactured automobiles.
Republicans within the U.S. Home of Representatives superior a reform proposed by Rep. Sam Graves (R-MO), which tabled a $250 annual price on all EVs.
Earnings Outcomes
Meta Platforms Inc. META reported first-quarter income of $42.31 billion, beating analyst estimates of $41.39 billion and earnings of $6.43 per share, simply beating analyst estimates of $5.21 per share.
Apple Inc. AAPL reported fiscal second-quarter income of $95.36 billion, beating analyst estimates of $94.53 billion and earnings of $1.65 per share, beating analyst estimates of $1.63 per share.
Smartphones & Functions
Apple is reportedly contemplating a shift of iPhone meeting to India. Nonetheless, a famend analyst has expressed skepticism in regards to the potential effectiveness of this transfer in mitigating the affect of China tariffs.
Apple CEO Tim Prepare dinner stated that the tech large expects a $900 million value affect within the June quarter as a consequence of tariffs.
As Washington cranks up the tariff stress, Apple could have already performed its smartest card: doubling down on India for meeting and investing deeper into U.S. element suppliers.
U.S. District Choose Yvonne Gonzalez Rogers discovered Apple and certainly one of its prime executives in contempt of courtroom, accusing them of intentionally evading a 2021 injunction meant to curb the tech large’s management over App Retailer funds.
Following a U.S. courtroom ruling that discovered Apple violated the spirit of an injunction towards anti-steering practices, Epic Video gamesbacked by Tencent Holdings TCEHYhas supplied to deliver Fortnite again to the App Retailer if the tech large fulfills this one situation.
Spotify Applied sciences SPOT defended its $11.99 Premium plan whereas signaling that future worth hikes may very well be a part of its long-term technique.
Expertise
Alibaba Group Holdings Ltd BABA launched Qwen 3, its most superior synthetic intelligence mannequin but.
Meta has introduced the launch of a standalone AI app that can compete with the likes of Openai’s ChatGPT, Google’s Gemini and AI’s Grok.
Alphabet Inc.’s GOOG CEO Sundar pichai revealed ongoing talks with Apple to combine the corporate’s Gemini AI into iPhones, amid federal regulators’ push to rein in Google’s dominance in on-line search.
Nvidia Company NVDA CEO Jensen Huang advised U.S. lawmakers that export restrictions on AI chips could also be serving to China’s Huawei Applied sciences acquire a aggressive foothold within the world synthetic intelligence race.
Cars & Protection
Pershing Sq.‘s Invoice Ackman has hailed Amazon.com Inc. AMZN founder Jeff Bezos-backed Slate Auto as the corporate lately revealed its $20,000 EV truck.
Tesla‘s TSLA Chinese language division is creating an inexpensive model of the favored Mannequin Y crossover SUV.
Ross Gerber has referred to as out Tesla‘s rumored Mannequin Y E80, which is slated to be a extra inexpensive model of the brand new Mannequin Y.
Tesla stated that the corporate expects the primary items of the Semi to enter manufacturing by the tip of the 12 months.
Tesla is ramping up the manufacturing of its Semi Truck as the corporate reportedly added over 1,000 Staff to its Nevada Giga manufacturing unit.
Dan Ives refuses to acknowledge Alphabet‘s and Toyota Motor Corp‘s TM partnership as a menace to Tesla‘s Robotaxi ambitions.
Elon Musk‘s space-based web service supplier, Starlinkmay reportedly face delays in its plans to develop into India as a consequence of regulatory necessities.
Future Fund‘s famous investor, Gary Blackhas raised questions over Tesla advertising and marketing technique as Elon Musk says his model will be the “most respected firm” on this planet.
Airbus EADSF has agreed to take over property owned by Spirit Aerosystems Holdings Inc. SPR in a lift to the producer’s acquisition by Boeing Co. BA.
Stellantis Stress father or mother firm of Dodge and Jeep, will debut a solid-state battery within the Charger EV.
Stellantis will reportedly transfer a few of its manufacturing actions into the U.S. as the corporate grapples with uncertainty brought on by U.S. auto tariffs.
Basic Motors Co. GM recalled over 877,000 automobiles with the 6.2-liter V8 engine as a consequence of doable defects. The corporate has additionally issued a stop-sale order for the affected fashions.
Mercedes-Benz Group Mbgaf pulled its 2025 earnings steerage, citing uncertainty over U.S. President Donald Trump‘s tariffs.
As Chinese language EV large Byd Co., Ltd Be is gearing as much as develop its presence in Europe, satellite tv for pc pictures present the corporate’s facility in Hungary taking form.
Ford Motor Co. F has introduced it’s going to delay the deliberate hike in costs for its automobiles till it sees how the rivals reply to auto tariffs.
Synthetic Intelligence (AI)
Mark Zuckerberg stated that Meta’s synthetic intelligence future will cater to each billions of free customers and a gaggle keen to pay massive for highly effective digital brokers.
Meta CEO Mark Zuckerberg predicts that the way forward for AI received’t comply with the “winner takes most” mannequin seen within the search engine business.
Openai CEO Sam Altman acknowledged that the previous couple of updates to the GPT-4O mannequin made its persona “too sycophant-y and annoying.”
Openai unveiled an improve to ChatGPT’s search performance, enabling customers to browse and store for merchandise immediately inside the chatbot.
Geoffrey Hintonoften known as the “Godfather of AI,” has joined a rising refrain of consultants and former workers urging regulators to dam Openai’s controversial restructuring plans.
