Jonathan Wong
The Latest
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TikTok Deal to Bring New Investors, Keep Oracle Cloud Partnership
A long-awaited deal to secure TikTok's future in the United States is taking shape, with new investors poised to join existing shareholders of parent company ByteDance and Oracle set to maintain its role as TikTok's U.S. cloud provider, according to people familiar with the negotiations. 
A long-awaited deal to secure TikTok's future in the United States is taking shape, with new investors poised to join existing shareholders of parent company ByteDance and Oracle set to maintain its role as TikTok's U.S. cloud provider, according to people familiar with the negotiations. -
U.S. Opens Probe Into 174,000 Tesla Model Y Vehicles Over Door Handle Failures
Federal regulators have opened an investigation into roughly 174,000 Tesla Model Y vehicles from the 2021 model year after reports that their electronic door handles may become inoperative, potentially leaving occupants unable to enter or exit the vehicle in certain scenarios. 
Federal regulators have opened an investigation into roughly 174,000 Tesla Model Y vehicles from the 2021 model year after reports that their electronic door handles may become inoperative, potentially leaving occupants unable to enter or exit the vehicle in certain scenarios. -
CATL Soars to Record High as China Unveils $35 Billion Energy Storage Plan
Contemporary Amperex Technology Co. Ltd. (CATL) shares surged to record highs Monday after Beijing unveiled an ambitious plan to boost energy storage capacity and support auto-sector demand, driving a rally across China's battery and electric vehicle stocks. 
Contemporary Amperex Technology Co. Ltd. (CATL) shares surged to record highs Monday after Beijing unveiled an ambitious plan to boost energy storage capacity and support auto-sector demand, driving a rally across China's battery and electric vehicle stocks. -
FAA Proposes $3.1 Million Fine Against Boeing Over 737 MAX Safety Violations
The Federal Aviation Administration on Friday proposed fining Boeing $3.1 million for a series of safety violations tied to its 737 MAX program, including issues linked to the January 2024 Alaska Airlines mid-air emergency and allegations that Boeing employees interfered with federal safety oversight. 
The Federal Aviation Administration on Friday proposed fining Boeing $3.1 million for a series of safety violations tied to its 737 MAX program, including issues linked to the January 2024 Alaska Airlines mid-air emergency and allegations that Boeing employees interfered with federal safety oversight. -
Pfizer, Moderna Shares Sink as Trump Officials Plan to Link Child Deaths to Covid Shots at CDC Meeting
Shares of Pfizer and Moderna tumbled Friday after a Washington Post report said Trump administration health officials plan to present data linking Covid-19 vaccines to the deaths of 25 children at an upcoming meeting of a key federal vaccine advisory panel. 
Shares of Pfizer and Moderna tumbled Friday after a Washington Post report said Trump administration health officials plan to present data linking Covid-19 vaccines to the deaths of 25 children at an upcoming meeting of a key federal vaccine advisory panel. -
Warner Bros. Discovery Shares Surge Nearly 30% on Report of Paramount Skydance Takeover Bid
Warner Bros. Discovery shares soared Thursday after reports that Paramount Skydance, backed by Larry Ellison and his son David Ellison, is preparing a majority-cash offer to acquire the entire media conglomerate, including its movie studios, streaming assets, and cable television networks. 
Warner Bros. Discovery shares soared Thursday after reports that Paramount Skydance, backed by Larry Ellison and his son David Ellison, is preparing a majority-cash offer to acquire the entire media conglomerate, including its movie studios, streaming assets, and cable television networks. -
Meta and TikTok Win Court Challenge to EU Tech Fee, Forcing Regulators to Redraft Rules
Meta Platforms and TikTok secured a legal victory Wednesday against the European Union over how regulators calculated supervisory fees under the bloc's flagship Digital Services Act, in a ruling that forces Brussels to overhaul its methodology but stops short of refunding payments already made. 
Meta Platforms and TikTok secured a legal victory Wednesday against the European Union over how regulators calculated supervisory fees under the bloc's flagship Digital Services Act, in a ruling that forces Brussels to overhaul its methodology but stops short of refunding payments already made. -
Nebius Stock Surges 40% After $17.4 Billion Microsoft AI Deal
Nebius Group shares soared more than 40% Tuesday after the Amsterdam-based artificial intelligence infrastructure company unveiled a multi-year agreement with Microsoft valued at up to $19.4 billion. The deal highlights the intensifying demand for high-performance computing to power generative AI systems. 
Nebius Group shares soared more than 40% Tuesday after the Amsterdam-based artificial intelligence infrastructure company unveiled a multi-year agreement with Microsoft valued at up to $19.4 billion. The deal highlights the intensifying demand for high-performance computing to power generative AI systems. -
SpaceX Strikes $17 Billion Deal With EchoStar to Expand Starlink’s Direct-to-Cell Services
SpaceX has agreed to purchase wireless spectrum licenses from EchoStar in a $17 billion transaction, a deal that will give Elon Musk's company control over airwaves critical to scaling its Starlink direct-to-cell satellite service and intensifying competition with established U.S. carriers. 
SpaceX has agreed to purchase wireless spectrum licenses from EchoStar in a $17 billion transaction, a deal that will give Elon Musk's company control over airwaves critical to scaling its Starlink direct-to-cell satellite service and intensifying competition with established U.S. carriers. -
ConocoPhillips to Cut Up to 25% of Workforce, Shares Fall as Oil Sector Faces Pressure
ConocoPhillips said it plans to lay off as much as a quarter of its global workforce, a move that could eliminate up to 3,250 jobs as the Houston-based oil giant seeks to rein in costs amid weakening earnings and declining crude prices. 
ConocoPhillips said it plans to lay off as much as a quarter of its global workforce, a move that could eliminate up to 3,250 jobs as the Houston-based oil giant seeks to rein in costs amid weakening earnings and declining crude prices.
