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April 3, 2025, 6:00 AM
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Kif Leswing / CNBC:
Tech stocks fall after President Trump announced new global tariffs: Amazon drops as much as ~6%, Meta drops ~5%, Nvidia ~6%, Alphabet ~3%, and Microsoft ~3%  —  Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced …
More: The White House, Kotaku, The White House, New York Times, Fortune, Associated Press, Blockonomi, iThinkDifferent, CBS News, Cointelegraph, ZDNET, Polymarket, The Register, The Hill, Bloomberg, PCMag, The Verge, TipRanks Financial, NBC News, United States Trade …, and Watcher Guru
Bluesky: @carnage4life.  X: @mystephanomics, @thestalwart, @cobie, @krishnanrohit, @typesfast, @jamessurowiecki, @alecstapp, @lhsummers, @justinwolfers, @jamesrbuk, @dkthomp, @thestalwart, @jasonfurman, @rapidresponse47, @ivanwerning, @rapidresponse47, @esaagar, @frances_coppola, @rapidresponse47, @secretaryburgum, @dkthomp, @stavridisj, @ivanwerning, @rapidresponse47, @d_a_irwin, @saikatc, @typesfast, @thestalwart, @buccocapital, @sec_noem, @cliffordasness, @deanwball, @elerianm, @gopmajoritywhip, @jbulltard1, @secscottbessent, @rapidresponse47, @ustraderep, @alecstapp, @macaesbruno, @thestalwart, @repbrianbabin, @ivanwerning, @brazilbrian, @maxwinebach, @lhsummers, @dampedspring, @speakerjohnson, @rapidresponse47, @lhsummers, @jbarro, @reprileymoore, @atabarrok, @rapidresponse47, @ramit, @armanddoma, @typesfast, @justinwolfers, @natesilver538, @palmerluckey, @dandrezner, @rapidresponse47, @adamscochran, and @howardlutnick.  LinkedIn: Jamie Tronnes
Forums: r/technology, r/unusual_whales, r/StockMarket, r/Economics, r/stocks, r/China_irl, r/pcmasterrace, r/politics, r/DHgateVip, r/wallstreetbets, r/WildRoseCountry, r/OnerActive, r/Aliexpress, r/RepsneakersDogs, r/onguardforthee, and r/Aliexpress
Tripp Mickle / New York Times:
Apple shares drop 7%+ after President Trump announced new tariffs, including 46% on Vietnam and 26% on India, where Apple has been moving production from China  —  The iPhone maker spent years trying to move production of some products out of China to avoid tariffs.  But now that may not matter.
Spencer Soper / Bloomberg:
The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces  —  De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
New York Times:
Sources: Amazon has put in a bid to acquire all of TikTok, but various parties involved do not appear to be taking it seriously, ahead of the April 5 deadline  —  The e-commerce giant put in a last-minute offer for the popular video app, according to three people familiar with the talks.
Wall Street Journal:
Sources: AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it; a source says AppLovin pitched itself as a job creator
Jay Peters / The Verge:
Nintendo shares Switch 2 details: a 7.9", 120fps, 1080p display, 4K at 60fps when docked, a custom Nvidia processor, 256GB of storage, and a new Pro Controller  —  Finally, some specs. … The device has a 7.9-inch screen, but it's still 13.99mm thick, like the first Switch.
The Verge:
Nintendo says the Switch 2 will cost $450 for the console or $500 for a Mario Kart World bundle on its June 5 launch; preorders in North America open on April 9
Dean Takahashi / VentureBeat:
Nintendo says it will add Nintendo GameCube games to the library of titles playable on the Switch 2, including The Legend of Zelda: The Wind Waker from 2002
Nathan Ingraham / Engadget:
Nintendo says the Switch 2 uses microSD Express cards, and the new Joy-Con controllers have a C button for GameChat, which uses the console's built-in mic
Sergiu Gatlan / BleepingComputer:
Europol says German and Dutch authorities shut down Kidflix, a CSAM streaming platform with 1.8M+ users between April 2022 and March 2025, on March 11  —  Kidflix, one of the largest platforms used to host, share, and stream child sexual abuse material (CSAM) on the dark web …
Abner Li / 9to5Google:
Google unveils a NotebookLM “Discover sources” feature, which searches the web and recommends up to 10 sources for users to add to their notebooks  —  To date, NotebookLM works by having you manually add files and links, with Google now introducing a “Discover sources” button that searches the web for you.
Sam Reynolds / CoinDesk:
Sources: Justin Sun bailed out Techteryx's TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud  —  Justin Sun bailed out Techteryx's TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid …
Daniel Kuhn / The Block:
FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust's solvency; Binance alone holds ~$2.2B worth of FDUSD
Rachael Bade / Politico:
Sources: President Trump told his inner circle, including Cabinet members, that Elon Musk will step back in the coming weeks; Trump remains pleased with DOGE  —  The president is pleased with Musk but the decision comes as the tech mogul increasingly looks like a political liability.
Sarah Perez / TechCrunch:
Automattic lays off 16% of its staff, CEO Matt Mullenweg says to become “more agile and responsive”; its website listed 1,744 employees ahead of the layoffs  —  Automattic, the company behind WordPress.com, Tumblr, WooCommerce, and a range of other online services, is reducing its workforce.
Joey Roulette / Reuters:
Amazon plans to launch the first 27 satellites for its Project Kuiper internet network on April 9, after launching two prototype satellites in 2023  —  Amazon.com said on Wednesday it plans to launch the first 27 satellites for its Project Kuiper internet network next week …
Wall Street Journal:
Sources: Mark Zuckerberg is lobbying Trump for a settlement to stop Meta from facing an antitrust trial later this month; he visited the White House on April 2  —  Meta Platforms CEO has visited the White House three times since the start of Trump's second term

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From Mediagazer

Brian Stelter / CNN:
Filing: Paramount and state AGs agree to freeze the WBD merger until an antitrust trial occurs or until June 2027; a preliminary injunction hearing is canceled

Alyssa Ray / The Wrap:
At the rescheduled WHCA dinner, Trump praised the press corps' response to the April shooting before insulting journalists and celebrities who criticized him

Michael Birnbaum / Washington Post:
Trump says he supports subpoenaing reporters in leak probes and that reporters should be forced to reveal the source of the leaked SCOTUS ruling overturning Roe

More News

Earlier Picks

Jess Weatherbed / The Verge:
Adobe updates Premiere Pro with AI features like Generative Extend, which lets users extend clips by up to two seconds in 4K quality and with background audio
Maxwell Zeff / TechCrunch:
Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares paper templates, and more
Eric Newcomer / Newcomer:
A sworn Irish affidavit: Keith O'Brien, who allegedly spied for Deel while working at Rippling, says Deel paid him and he coordinated with Deel CEO Alex Bouaziz
Alex Sherman / CNBC:
The UFC signs a multimillion-dollar, multiyear sponsorship deal with Meta spanning Meta AI, Meta Glasses, Meta Quest, Facebook, Instagram, WhatsApp, and Threads
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