AppLovin craters after Bloomberg report that the SEC is investigating its data collection practices
What CEO Adam Foroughi said would be “a fun quarter” is turning unfun in a hurry. Shares of the ad tech company tumbled after Bloomberg reported that its data collection practices are the subject of...
Pharma company Aurinia falls after FDA official uses LinkedIn to call out lupus drug
dropped on Monday after a Food and Drug Administration official criticized a method of evaluating drugs that was used to approve the company’s flagship lupus medication. George Tidmarsh, who has led t...
Tesla asks Trump not to repeal legal underpinning for carbon emissions rules
Electric vehicle company would prefer that the government didn’t roll back long-standing emissions rules, according to new comments from Tesla on a proposal to reconsider 2009 findings that said gree...
Meta launches federal super PAC to fight state AI policy proposals
has launched a federal super PAC called the American Technology Excellence Project, spending “tens of millions” of dollars to fight what it considers “onerous AI and tech policy bills across the count...
Report: Anthropic’s refusal to allow Claude to be used for surveillance irks White House
The Trump administration’s warm embrace of AI companies has led to many federal agencies using chatbots from OpenAI, Google, and Anthropic for many different applications. Like its competitors, Anthro...
Senator Mark Kelly wants AI companies to pay into a fund to offset AI’s negative impacts
The list of AI’s potential effects on society are growing by the week. Skyrocketing demand for new energy generation needed to power massive data centers are raising utility bills , and generators are...
Hims & Hers falls after FDA commissioner says its Super Bowl ad breached regulations
slipped in early trading after its Super Bowl ad from February was singled out as the “most overt” example of “brazen” marketing tactics among online pharmacies by FDA Commissioner Marty Makary. The c...
Moderna, Pfizer dip after WaPo reports Trump officials’ plan to link Covid vaccines to child deaths
Vaccine makers are falling after The Washington Post reported that the Trump administration plans to link the coronavirus vaccine to 25 child deaths. and , the two companies who sell the vaccine in th...
Draft Senate bill gives AI companies a two-year pass on federal regulation, Bloomberg reports
Bloomberg reports that a draft bill from Senator Ted Cruz would give AI companies a two-year pass from any federal regulation when they apply to be part of a White House-controlled “regulatory sandbox...
Which tech execs attended Trump’s White House dinner?
A who’s-who of tech executives and AI power players sat side-by-side at a long table in the White House on Thursday evening to lather President Trump with praise for his leadership on AI. Billed by Wh...
Crypto stocks tumble following report of Nasdaq’s increased scrutiny of digital asset treasuries
Nasdaq will increase its regulatory oversight of companies that have been amassing crypto, including requiring shareholder votes “for some crypto deals,” according to a report from The Information . A...
Tilray rises as cannabis reform optimism rolls on
rose more than 5% in early trading Tuesday amid a continued rally in pot stocks fueled by cannabis reform optimism . The Canadian cannabis company is up more than 100% since The Wall Street Journal re...
US government investigating Tesla over delays in reporting self-driving accident data
In early August, a federal jury found partly responsible for a 2019 autopilot crash that killed a pedestrian. During the trial, lawyers for the plaintiffs showed that Tesla had withheld and denied hav...
Government launches two probes into Meta’s AI chatbots
is facing two government probes over its AI chatbots, following a Reuters report last week showing they engaged in “sensual” conversations with children. Today, Texas Attorney General Ken Paxton a...
Hims falls after report FTC is investigating its business practices
shares tumbled after Bloomberg reported that the Federal Trade Commission is probing complaints about its advertising and cancellation practices. The FTC has been looking into the complaints for over ...
Without providing evidence, Tesla’s Elon Musk accuses Apple of favoring OpenAI
On Monday night, and xAI CEO Elon Musk posted on X saying that is keeping AI companies other than OpenAI from reaching the No. 1 spot in its App Store, calling it “an unequivocal antitrust violation...
White House’s long-awaited digital assets report fails to boost bitcoin’s price
Six months after President Trump’s executive order established a working group to create a regulatory framework for crypto, the White House finally released its 166-page report on digital assets this ...
White House unveils “America’s AI Action Plan”
The Trump administration wants to usher in “a new golden age of human flourishing” powered by AI that the government ensures will be folded into every part of our lives. “ AI will enable Americans to ...
White House’s “hands-off” approach to AI includes restricting “woke AI”
The Trump administration is dead set on America dominating AI, and it’s close to releasing its plan. Axios reports that a forthcoming 20-page document will frame the administration’s “hands-off approa...
Here’s all the AI stuff in Trump’s tax bill
Yesterday the Senate passed President Trump’s massive tax bill, and today it heads to the House, where it faces an uncertain future. The text of the bill is loooong — it spans 870 pages as a PDF and i...