Crypto and big tech’s backing pays off as Trump makes tech-friendly moves
Flurry of directives relaxes regulations and drop lawsuit – and billionaires who donated to Trump are ready to benefit
The millions that US tech companies invested in currying favor with Donald Trump seemed to pay off this week as the new administration issued a flurry of directives that relaxed regulations and dropped lawsuits previously aimed at holding the industry to account. Crypto, AI and social media companies, many of which made donations to Trump, are all expecting to benefit.
At the center of the administration’s moves is Elon Musk, the world’s richest man. Over the past week, federal agencies under the president’s authority dropped legal fights against his rocket company and the US’s biggest cryptocurrency exchange. The White House also issued a “deregulatory initiative” aimed at loosening tech-sector regulation by empowering Musk’s Doge.
Continue reading...
Read more at The Guardian
-
Trump considers tariffs to counter digital services taxes on Big Tech
President orders probes into levies imposed by EU, UK and Turkey on US companiesFinancial Times - 19h -
Activist ValueAct spots an overlooked opportunity at Liberty Live Group. How the move might pay off
Liberty Live represents Liberty Media Group’s ownership stake in Live Nation. The stock trades at a sharp discount to the entertainment and ticketing giant.CNBC - 7h -
Google, Meta execs blast Europe over strict AI regulation as Big Tech ups the ante
Executives at Google and Meta said that Europe's artificial intelligence industry is being held back by excessive regulation.CNBC - 1d -
Who could steal Virginia Tech's at-large bid?
As Duke's chances of a 2-seed slip and Louisville makes a jump, let's talk potential bubble teams and those who could take the Hokies' spot.ESPN - 1h -
Big Day for Crypto Goes South After Bybit Hack
Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.The New York Times - 9h -
Red Wings' Dylan Larkin Makes Big Statement
You can't win them all.Yahoo Sports - 1d -
.jpg)
Work Has Given Me Tech Neck. This Device Is Helping Undo the Damage
Hours of screen time lead to stiffness, pain, and brain fog. I tested the Chirp Wheel to see if it could help—and the results were surprising.Wired - 2d -
Tech stocks seem to have ended their ‘difficult relationship’ with the bond market
At least for now, U.S. large-cap technology and growth stocks appear “free of their difficult relationship with long-term yields,” according to DataTrek Research.MarketWatch - 1d -
China taps tech talent to boost AI data centre boom
Beijing is pooling resources from the private and state sectors to accelerate adoption of the fast-developing technologyFinancial Times - 7h
More from The Guardian
-
Pope Francis now in a critical condition after respiratory crisis, Vatican says
The pontiff is in hospital for a complex lung infection and has been given high flows of oxygen and blood transfusions. The Vatican has said Pope Francis is in a critical condition after he ...The Guardian - 1h -
Man killed intervening in knife attack on French police officers
Macron says knife attack is ‘without any doubt an act of Islamist terrorism’. A 69-year-old man who intervened when a suspected terrorist attacked police officers with a knife shouting “Allahu ...The Guardian - 34m -
Keir Starmer lays down Ukraine peace demand ahead of Trump talks
Kyiv ‘must be at the heart of negotiations’ says PM as US threat to block Elon Musk’s Starlink satellites fuels wave of alarm. Keir Starmer has raised the stakes before a crucial meeting in ...The Guardian - 33m -
Hamas hands over six hostages but Israel delays release of 600 Palestinians
Ceasefire in jeopardy as Israel waits for meeting of security cabinet under pressure from right-wingers. Middle East crisis – live updates Hamas released six Israeli hostages on Saturday, but ...The Guardian - 4h -
Trump administration shuts down national database documenting police misconduct
Database, first proposed by Trump in 2020 and created by Biden administration in 2023, is now offline. Donald Trump ’s second presidential administration shut down a national database that tracked ...The Guardian - 4h
More in World
-
‘Terrorist’ Attack at Market in France Leaves One Dead
France’s president, Emmanuel Macron, said there was “no doubt” that the stabbing was a terrorist attack, and the police are investigating it as such.The New York Times - 13m -
Aston Villa v Chelsea: Premier League – live
Marcus Rashford was the provider as Marco Asensio’s first two goals for Aston Villa helped them come from behind to take all three points . 1 min: Villa get the ball rolling, their players ...The Guardian - 20m -
The pill hasn’t been improved in years. No wonder women are giving up on it | Martha Gill
When contraception has stagnated for decades, it is hardly surprising it’s fallen victim to culture wars and a wellness cult. Something is changing when it comes to contraception. Lots of people ...The Guardian - 31m -
Gunman killed after shots fired at Pennsylvania hospital
No patients were injured and the gunman is dead, officials say, but extent of any other injuries is unclear. A gunman has been killed after shots were fired on Saturday at a hospital in central ...The Guardian - 32m -
Keir Starmer lays down Ukraine peace demand ahead of Trump talks
Kyiv ‘must be at the heart of negotiations’ says PM as US threat to block Elon Musk’s Starlink satellites fuels wave of alarm. Keir Starmer has raised the stakes before a crucial meeting in ...The Guardian - 33m