Corporate highlights #bloomberg #stocks #qqq

Trevor Milton, the founder of bankrupt hydrogen trucking startup Nikola who was convicted of fraud, has been pardoned by President Trump, the White House confirmed to TechCrunch. Milton was convicted in October 2022 of one count of securities fraud and two counts of wire fraud related to claims he made about Nikola’s progress to investors. He was sentenced to four years in prison in December 2023. He has been out on a $100 million bond while he appealed that sentence. The pardon comes just a few weeks after Nikola filed for Chapter 11 bankruptcy. The company has been working with the bankruptcy court in Delaware to try to sell the business, and had hoped to close such a deal by mid-April. Read more on Milton's pardon at the link in the bio 👆 Article by Sean O'Kane Image Credits: Victor J. Blue/Bloomberg / Getty Images #TechCrunch #technews #startup #founder #Trump #government

Fascinating divergence between profitless tech & profitable tech 👀 #bloomberg

Foreign investors are not selling US 🇺🇸debt. They are buying. Total foreign holdings: $9.16T (July 2025), up from $7.0T in Jan 2020. The U.K. doubled its exposure → $899B today vs. $450B in 2020. France, Canada, Belgium, and Luxembourg also posted significant increases. Japan remains the largest single holder at $1.15T, while China has reduced but still holds $730B. 👉 This suggests that U.S. Treasuries are still viewed globally as the ultimate safe haven even in a high rate, high debt world. #bloomberg #USTreasuries #GlobalMarkets #Macro #Investing #Geopolitics #DebtMarket #SafeHaven #Bonds #USDebt #macroeconomics

He's baaaaack 👀 Variety reports that Lena Dunham is working with Apple and production studio A24 to adapt Michael Lewis’ book “Going Infinite: The Rise and Fall of a New Tycoon,” which chronicles the life of Sam Bankman-Fried and the implosion of his company, FTX. FTX, once one of the largest cryptocurrency exchanges in the world, stunningly collapsed in 2022 in a saga that enthralled the tech world and resulted in the criminal indictment of Bankman-Fried for money laundering and fraud. It was almost guaranteed he would get the Hollywood treatment, same as others, like Elizabeth Holmes, before him. Variety also reported that Amazon and another unnamed streamer are working on a limited series about Bankman-Fried and FTX, too. Image Credits: Bloomberg / Contributor / Getty Images #TechCrunch #technews #SBF #FTX #crypto #SamBankmanFried

💰 Tesla Inc. has unveiled a new compensation package for CEO Elon Musk valued at roughly $1 trillion, an unprecedented figure in U.S. corporate history. 🚨 As reported by Bloomberg, the 10-year plan is aimed at keeping Musk at the helm and ties his payout to highly ambitious goals. 🎯 To receive the full amount, Musk must hit milestones such as scaling Tesla’s emerging robotaxi business and boosting the company’s market capitalization from about $1 trillion today to $8.5 trillion. #ai #artificialintelligence #aitools #aihacks #chatgpt #tech #technology

🚨👀 Early iPhone 17 buyers are already raising concerns online about how easily the new devices might scratch. Bloomberg reports that people testing the latest models in-store, specifically the iPhone 17 Pro in Deep Blue and the iPhone Air in Space Black, noticed visible scratches and scuffs on the demo units. #ai #artificialintelligence #aitools #aihacks #chatgpt #tech #technology

Adidas and Puma could be coming together, reuniting the legacy of the Dassler brothers. Bloomberg reports that the Pinault family, which owns 29% of Puma, is considering selling its stake, sparking merger talks. Puma’s Q2 2025 sales fell 2%, and growth forecasts have been cut. Experts say merging with Adidas could help the brand. Puma shares jumped 18% on the news, though neither company has confirmed anything. Liked this content? Follow @BusinessBulls.in for more! #Businessbulls #Business #Adidas #Puma

The Department of Justice is reportedly pushing to force Google to spin off its Chrome browser business. That’s according to Bloomberg, which reports that the Justice Department is also planning to recommend to a federal judge that Google face antitrust requirements related to AI and its Android mobile operating system. The enforcement actions are the product of the Justice Department’s historic multi-year case against Google, which sought to prove that the tech giant has a web search monopoly in the U.S. The Justice Department won its case in August; federal judge Amit Mehta ruled that Google broke antitrust laws in both online search and search text ads markets. Why target Chrome? The Justice Department argues that it represents a key access point through which many people use Google Search. Chrome controls about 61% of the browser market in the U.S., according to web traffic service StatCounter. Image Credits: SOPA Images / Contributor / Getty Images #TechCrunch #technews #artificialintelligence #Google #DOJ

Meta hired Salesforce’s CEO of AI, Clara Shih, to lead a new organization building AI tools for businesses that use Meta’s apps to reach consumers, according to a LinkedIn post from Shih on Tuesday. Meta confirmed the appointment and the new Business AI group in a statement to TechCrunch. “I’m thrilled to share today that I’ve joined Meta to lead a new Business AI group,” said Shih. “Our vision for this new product group is to make cutting-edge AI accessible to every business, empowering all to find success and own their future in the AI era.” Meta has an unusual business model around AI, claiming to use an open source approach, though not by everyone’s definition of it. Read more on Meta hiring Clara Shih at the link in the bio 👆 Article by Maxwell Zeff Image Credits: David Paul Morris / Bloomberg / Getty Images #TechCrunch #technews #artificialintelligence #Meta #Salesforce