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April 5, 2025, 10:20 AM
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Fareed Sahloul / Bloomberg:
Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy  —  Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
Todd Spangler / Variety:
The Nasdaq fell 5.8% on the second day following Trump's tariffs announcement, with Nvidia closing down 7.4%, Apple 7.3%, Netflix 6.7%, Meta 5%, and Amazon 4.2%  —  Amid steep losses, U.S. president says ‘my policies will never change’  —  Stocks dropped sharply for a second day …
Asa Fitch / Wall Street Journal:
Despite a tariff exemption on direct chip imports for now, the semiconductor industry faces challenges as higher prices for end products may hurt demand
Jonathan Vanian / CNBC:
Trump says he will sign an EO to keep TikTok running for an additional 75 days, as a deal “requires more work to ensure all necessary approvals are signed”  —  President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok …
Reuters:
Sources: a TikTok deal, which was largely finalized by April 2, was put on hold after China indicated it would reject the deal over Trump's tariffs  —  A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President …
Aisha Malik / TechCrunch:
Amazon introduces a Kindle Recaps feature that uses GenAI and moderators to create short summaries of books in a series  —  Amazon is introducing a new “Recaps” feature for Kindle users to help them recall plot points and character arcs before picking up the latest book in a series.
RT Watson / The Block:
The US SEC says that “covered” US dollar stablecoins like USDT and USDC are not securities, and registration is not required for minting or redeeming them  —  - The U.S. Securities and Exchange Commission said “covered” U.S. dollar stablecoins — basically USDT and USDC …
Ashley Belanger / Ars Technica:
New Jersey Governor Phil Murphy signs a law criminalizing the “deceptive and dangerous” creation and sharing of deepfakes, including fake AI nudes of minors  —  When Francesca Mani was 14 years old, boys at her New Jersey high school used nudify apps to target her and other girls.
Dominic Preston / The Verge:
Microsoft Copilot adds support for memory, personalization, web-based actions, podcast creation, camera and screen analysis, deep research, and more  —  The AI assistant adds personalization, web actions, podcast creation, and more. … As it marks its 50th anniversary …

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From Mediagazer

Alex Weprin / The Hollywood Reporter:
Stephen Colbert says CBS lawyers blocked an interview with Democratic US Senate candidate James Talarico, citing the FCC's equal time guidance for TV talk shows

Todd Spangler / Variety:
Paramount says it is “prepared to engage” with WBD on takeover talks during a seven-day negotiating window, but doesn't say whether it will raise its bid

Krystal Hur / Wall Street Journal:
Filing: Berkshire Hathaway reports that it purchased 5.1M shares of The New York Times during the December quarter; NYT rises 3%+ pre-market

More News

Earlier Picks

Maxwell Zeff / TechCrunch:
Google releases its API pricing for Gemini 2.5 Pro: $1.25 per 1M input tokens and $10 per 1M output tokens for prompts up to 200K tokens, its priciest model yet
Tom Warren / The Verge:
On Microsoft's 50th anniversary, company executives reflect on its history and how it responds to challenges, experiments with software and hardware, and adapts
Emma Roth / The Verge:
Nintendo delays Switch 2 preorders, which were set to start on April 9, “to assess the potential impact” of Trump's tariffs; the June 5 launch date is unchanged
Kyle Wiggers / TechCrunch:
Sam Altman says OpenAI plans to release o3 and o4-mini “after all”, followed by GPT-5 “in a few months”, citing challenges to “smoothly integrate everything”
Kyle Wiggers / TechCrunch:
Midjourney debuts V7 in alpha, its first new AI image model in nearly a year with a “totally different architecture”, a week after OpenAI's new image generator
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