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April 5, 2025, 11:55 AM
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Top News

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 and public markets  —  Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
404 Media:
In backing Trump, effective accelerationists like Musk and Andreessen got a “Decel-in-Chief”, who instigated a brain drain and tariffs that hurt tech companies  —  Effective accelerationists didn't just accidentally shoot themselves in the foot.
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 …
Aisha Malik / TechCrunch:
Amazon debuts a Kindle Recaps feature that uses generative AI and moderators to create short recaps of books in a series “that accurately reflect book content”  —  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.
Reuters:
Sources: a TikTok US deal, which was largely finalized by April 2, was put on hold after China indicated it would reject the deal over President 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 …
Jonathan Vanian / CNBC:
Trump says he signed an executive order to keep TikTok running for 75 more days, as “the deal requires more work to ensure all necessary approvals are signed”
Ashley Belanger / Ars Technica:
New Jersey's governor signs a law criminalizing creating and sharing “deceptive and dangerous deepfakes”, like fake AI nudes of minors, with up to a $30K fine  —  When Francesca Mani was 14 years old, boys at her New Jersey high school used nudify apps to target her and other girls.

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From Mediagazer

Bloomberg:
Canadian billionaire Stephen Smith agrees to buy the entire 26.9% stake in The Economist Group held by Lynn Forester de Rothschild; the terms were not disclosed

Todd Spangler / Variety:
Filing: David Zaslav is set to receive at least $550M in compensation related to the Paramount-WBD deal, including $517.2M in equity in the combined company

Charlotte Tobitt / Press Gazette:
The UK government unveils the Local News Fund, which will distribute up to £12M to local outlets over two years to support innovation and help fill news deserts

More News

RT Watson / The Block:
The US SEC says that “covered” US dollar stablecoins like USDT and USDC are not securities, and those minting or redeeming them do not need to register with it

Earlier Picks

Dominic Preston / The Verge:
Microsoft Copilot adds support for memory, personalization, web-based actions, podcast creation, camera and screen analysis, deep research, and more
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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