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May 12, 2025, 10:30 PM
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Financial Times:
The US and China agree to a deal to lower tariffs for the next 90 days, a sign of easing tensions; the US plans to cut tariffs on Chinese goods from 145% to 30%  —  Deal to reduce duties for next 90 days marks the first sign of tension easing between the two economic superpowers
More: The White House, CNBC, New York Times, Tom's Hardware, The White House, 9to5Mac, AppleInsider, The Verge, BBC, PC Gamer, Gizmodo, City A.M., The Irish Times, Ars Technica, Paul Krugman, Cryptopolitan, MobileSyrup, CBS News, Reuters, The Independent, Financial Times, New York Times, New Republic, Wall Street Journal, The Information, Semafor, TechCrunch, Quartz, gCaptain, and Crypto Briefing
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Axios:
The White House says a 120% tariff rate on shipments from China valued under $800, or a flat $100 fee per postal item, will remain, in a blow to Shein and Temu  —  Small packages from China are still subject to tariffs of 120%, a White House official confirmed Monday …
Bloomberg:
Sources: SoftBank and OpenAI's $100B Stargate investment hits snags on tariff fears; talks with dozens of lenders started earlier in 2025 have yielded no deals
Bloomberg:
Samsung announces the $1,100 Galaxy S25 Edge, which is 5.8mm thick and weighs 163g, making it 30% thinner and 25% lighter than the S25 Ultra, arriving on May 30  —  The company's latest device, which goes on sale in the US on May 30 for $1,099, is 5.8 millimeters thick and weighs 163 grams …
Abrar Al-Heeti / CNET:
Galaxy S25 Edge hands-on: the thin design is a breath of fresh air, sturdy, many specs match other S25 phones, but has a 3,900 mAh battery vs. S25's 4,000 mAh  —  At 5.8mm thick and 163 grams, this slim phone packs many of the features you'll find on other S25 series devices.
Wall Street Journal:
Sources: Apple considers raising prices for its fall iPhone lineup, a step it is seeking to couple with new features and design changes, without blaming tariffs  —  China still leads production of high-end models, exposing the company to trade risk  —  Apple is weighing price increases …
Mark Gurman / Bloomberg:
Sources: Apple is planning an AI-powered battery management mode for iOS 19 that analyzes how a person uses their phone and makes adjustments to conserve energy  —  Apple Inc. is planning to use artificial intelligence technology to address a frequent source of customer frustration: the iPhone's battery life.
Ari Levy / CNBC:
Coinbase will join the S&P 500, replacing Discover Financial Services, effective before trading on May 19; COIN jumps 10%+ after hours  —  Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday.
Kirsten Korosec / TechCrunch:
GM names Aurora co-founder and CPO Sterling Anderson as VP of global product and chief product officer, a newly created position at GM, starting on June 2  —  General Motors has turned to Sterling Anderson, a veteran of the autonomous vehicle industry, to oversee its entire product line …
Abner Li / 9to5Google:
Google is updating its “G” icon for the first time in 10 years, with its four colors now blending together on a gradient  —  Following the last update nearly 10 years ago, Google is updating its iconic ‘G’ icon.  —  On September 1, 2015, Google significantly updated its logo …
Christopher Tepedino / Cointelegraph:
US SEC Chair Paul Atkins says blockchains could enable novel securities use cases and “policymaking will no longer result from ad hoc enforcement actions”  —  Blockchain technology could enable “a broad swath of novel use cases for securities” and foster “new kinds of market activities …
Berber Jin / Wall Street Journal:
Sources: Perplexity is in advanced talks to raise $500M led by Accel in a round that values it at $14B, up from $9B in November 2024  —  Artificial-intelligence search company is raising $500 million  —  Perplexity is in advanced talks to raise $500 million in a round that values it at $14 billion …
Emma Roth / The Verge:
Ticketmaster announces it will now show the full price of your ticket up front, ahead of the FTC's ban on junk fees, which goes into effect on May 12  —  Now you can see how much Ticketmaster tacks on before you reach checkout. … The company announced the “All In Prices” …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:30 PM ET, May 12, 2025.

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From Mediagazer

John Rogers / Associated Press:
Peter Arnett, a Pulitzer Prize-winning correspondent who covered the Vietnam War for the AP and the first Gulf War for CNN, has died at 91

Brian Stelter / CNN:
Senators Warren and Blumenthal call on AG Bondi to recuse herself from reviewing the WBD deal due to her prior employment with lobbying firm Ballard Partners

Financial Times:
Sources: Standard General hedge fund founder Soo Kim has been in talks with a major WBD shareholder over potentially buying or investing in the WBD TV networks

More News

Ateev Bhandari / Reuters:
American Bitcoin, a bitcoin miner backed by Donald Trump Jr. and Eric Trump, said it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining
Alex Weprin / The Hollywood Reporter:
Amazon says the ad tier of Prime Video now reaches 130M+ US customers and it plans AI-powered tools for advertisers on Amazon including contextual ad copy

Earlier Picks

Anton Shilov / Tom's Hardware:
Senator Tom Cotton introduces a bill to mandate that AI chip makers use geo-tracking tech to comply with export rules, taking effect six months after it passes
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