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May 12, 2025, 5:15 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, Gizmodo, 9to5Mac, AppleInsider, The Verge, BBC, Ars Technica, PC Gamer, MobileSyrup, Reuters, The Irish Times, City A.M., Semafor, The Independent, New York Times, Cryptopolitan, The Information, Wall Street Journal, Financial Times, TechCrunch, Crypto Briefing, Boston Herald, New Republic, gCaptain, CoinDesk, Bloomberg, The Times, Foreign Policy, Disruption Banking, and The Sun
Bluesky: @katjabego, @emoltzen, @dandrezner, @kagrox, @judah-grunstein, @karlkuszaj, @emperorsclothes, @beyerstein, @joshtpm, @abenewman, @drodrik, @nathansnewman, @wiseacre.me, @chasecarter, @paularmstrongtbd, and @hern
X: @whitehouse, @patrickmoorhead, @justinwolfers, @josephpolitano, @vtg2, @henrysgao, @henrysgao, @henrysgao, @spoxchninus, @thestalwart, @thestalwart, @hblodget, @freightalley, @javierblas, @rajakorman, @geringtuvia, @joristeer, @faisalislam, @typesfast, @trumpdailyposts, @chenweihua, @onlyyoontv, @meiselasb, @jingjing_li, @jamessurowiecki, @thestalwart, @mrmbrown, @nicknotned, @edwardlawrence, @josh_wingrove, @dgt10011, @elerianm, @grummz, @thestalwart, and @chenweihua
LinkedIn: Kwaku Otchere and George Minakakis
Forums: r/hardware, r/NintendoSwitch2, r/politics, r/Economics, r/Aliexpress, r/moderatepolitics, r/technology, r/centrist, r/unusual_whales, r/Economics, r/Sino, r/neoliberal, r/Republican, r/wallstreet, r/centrist, r/FashionReps, r/Follow_Smartmoney, r/AMD_Stock, r/moderatepolitics, r/China, r/KanagawaWave, r/wallstreetbets, and Slashdot
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 …
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 …
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.
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 …
Bloomberg:
CrowdStrike CEO George Kurtz disclosed last month that he had gifted $1B+ worth of CrowdStrike stock to undisclosed recipients, cutting his voting power to 2.5%  —  The disposition is the latest in a series of transactions that have slashed his voting power in CrowdStrike to 2.5% from 31% in 2022 …
Forums: Hacker News
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  —  Senator Tom Cotton's legislation seeks to “prevent advanced American chips from falling into the hands of adversaries like Communist China.”
More: Tom Cotton and Neowin
Bluesky: @thombeckett.com.  Mastodon: @thomaswilburn@toot.cafe.  X: @sentomcotton
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  —  American Bitcoin, a new bitcoin miner backed by U.S. President Donald Trump's two eldest sons, said on Monday it will list …

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This is a Techmeme archive page. It shows how the site appeared at 5:15 PM ET, May 12, 2025.

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From Mediagazer

Jennifer Maas / Variety:
Disney reports Q3 revenue up 7% YoY to $25.2B, below $25.4B est., adjusted EPS of $2.06, above $1.85 est., and entertainment revenue up 6% to $11.3B

Katie Robertson / New York Times:
The NYT reports Q2 revenue up 11% YoY to $762.5M, digital-only subscription revenue up 16% to $407.9M, and adjusted operating profit up 16% to $155.3M

Etan Vlessing / The Hollywood Reporter:
FuboTV reports Q3 revenue up 38% YoY to $1.48B, a $25.7M net loss, vs. a $38M loss a year earlier, and North American subscribers up 2% to 5.75M; FUBO jumps 12%

More News

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

Scott Macfarlane / CBS News:
The Trump administration fired US Copyright Office head Shira Perlmutter; her office had raised concerns about using copyrighted content to train AI models
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