Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
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TikTok Settles Teen Mental Health Lawsuit Ahead of Trial as Thousands of Social Media Cases Continue
TikTok and its parent company, ByteDance, have reached a confidential settlement with a Florida teenager who alleged the platform's recommendation algorithm and design features contributed to compulsive social media use and serious mental health problems, removing the company from a closely watched California trial that had been scheduled to begin later this month. 
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Elon Musk's Federal Workforce Overhaul Cost Taxpayers Up to $15.1 Billion, Watchdog Report Says
The Trump administration's effort to dramatically reduce the federal workforce through a program championed by Elon Musk may have cost taxpayers between $11.1 billion and $15.1 billion while producing far less immediate savings than originally promised, according to a new analysis released by government watchdog Public Citizen. 
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DOJ Drops Criminal Case Against Abbott Despite Investigation Into Baby Formula Linked to Infant Deaths
The U.S. Department of Justice has abandoned its criminal investigation into Abbott Laboratories over the company's handling of its Michigan infant formula plant, opting instead to pursue civil enforcement despite a multi-year federal probe into conditions linked to a deadly 2022 contamination outbreak and nationwide formula shortage. 
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Walmart Cuts 306 More Tech Jobs in California as AI Restructuring Expands
Walmart is eliminating another 306 technology positions in California, extending a series of workforce reductions even as the retail giant reports rising profits and accelerating growth in its e-commerce and advertising businesses. 
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SpaceX Shares Slide 31%, Knocking Elon Musk Below $1 Trillion Net Worth
Elon Musk's brief reign as the world's first trillionaire has come to an abrupt end after a sharp pullback in SpaceX shares erased hundreds of billions of dollars in market value and pushed his estimated fortune below the $1 trillion mark.
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Meta Halts Employee Tracking Program After Security Issue Exposes Internal AI Data Collection
Meta Platforms has suspended an internal program that collected employee computer activity to train artificial intelligence models after a security issue raised concerns about potential access to sensitive information, according to a report by Wired. 
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Meta Seeks Immunity From Child Harm Lawsuits During KOSA Negotiations
Meta Platforms is pressing lawmakers to include legal protections for social media companies in the Kids Online Safety Act, a move that has intensified a broader battle in Washington over whether technology firms should face greater accountability as Congress seeks stronger protections for children online. -
Intel Shares Jump 7% After Trump Says Apple Will Partner on U.S. Chip Design and Manufacturing
Intel shares climbed sharply Thursday after President Donald Trump announced what he described as a new partnership between Apple and Intel to design and manufacture semiconductors in the United States, a move that immediately drew investor attention and renewed focus on America's effort to rebuild domestic chip production. 
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Apple Warns iPhone, Mac and iPad Prices May Rise as AI Drives Memory Chip Costs Higher
Apple is preparing customers for potentially higher prices across its iPhone, Mac and iPad lineup as a global shortage of memory components, driven by booming artificial intelligence demand, reshapes the economics of consumer electronics. 
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BBC to Cut 1,250 Jobs as Broadcaster Targets £500 Million Savings Plan
The BBC will eliminate hundreds of journalism and corporate positions, shut down long-running programs and reduce output across television, radio and digital operations as the public broadcaster pursues £500 million in cost savings over the next two years. 
