EV Shares Fall on Report That Trump Seeks End to Tax Credits
Eliminating the $7,500 credit could hurt demand for EVs
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Autonomous Car Startup Pony Seeks $4.5 Billion Valuation in IPO
The IPO would make Pony the latest in a recent string of China-based vehicle companies to list on a U.S. exchange.
Salesforce’s Top AI Executive Departs
Clara Shih, a longtime Salesforce executive who was named to lead its broad AI efforts earlier this year, is leaving for another opportunity.
Amazon Met With House Committee Staffers About TikTok Partnership
The committee was concerned about the companies deepening ties amid an impending TikTok ban.
AI Video Model Startup Valued at Over $2 Billion in Latest Financing
NEA set to lead a new round in Synthesia, which helps companies create AI videos for marketing and training.
CFPB Takes Steps to Place Google Under Federal Supervision
The supervision could subject Google to regular inspections and monitoring, adding to the litany of regulatory enforcement Google faces
FTC to Open Probe of Microsoft’s Cloud Business
It’s unclear whether the FTC’s inquiries into Microsoft and other companies will continue under a Trump administration.
Google, OpenAI Prep Products to Rival Business-Search Startup
Startup Glean has raced out to an early lead in search chatbots for businesses, but now the competition is mounting from incumbents and new players.
Jeff Lawson’s The Onion Buys Conspiracy Theory Website Infowars
The Onion plans to rebrand Infowars as a satirical site that skewers online radicalism.
EU Fines Meta $843 Million Over ‘Abusive’ Facebook Ad Practices
The social media company said it will appeal the decision.
Amazon Adds Telehealth, Pharmacy Services to Compete With Hims & Hers
Hims & Hers shares dropped 17% after Amazon’s announcement.
House Republicans Introduce Bill to End Normal Trade Relations With China
The proposed bill would eliminate a trade provision popular with low-cost sellers like Temu and Shein.
Disney Expects Disney+ and Hulu to Drive $1 Billion in Profits Next Year
Disney's entertainment direct-to-consumer division generated $143 million in operating income in the company's fiscal 2024, which ended in September.
Disney’s Streaming and Film Divisions Drive Profits, But TV Continues Decline
Disney+ and Hulu helped Disney drive an entertainment streaming profit of $253 million in its fiscal fourth quarter, compared to a $420 million loss last year.
AI Chip Designer AMD Lays Off 4% of Global Workforce
AMD is refocusing its business around its largest potential areas of growth, a move that includes shedding some 1,000 jobs from its global headcount.
Polymarket Probed by DOJ for Alleged Use by U.S. Traders
Polymarket, which is not registered with U.S. regulators, had agreed to prevent U.S. traders from betting on the platform.
Ad tech Firm Viant Buys Streaming Data Firm Iris For AI Model
Viant will use Iris' streaming data to train its artificial intelligence model which is designed to automate media buying.
Amazon to End Fresh Grocery Service in Germany
It’s the latest example of Amazon pulling back on its own grocery delivery services and relying more heavily on partnerships with other grocers.
Meta Plans to Launch Ads on Threads in Early 2025
Threads plans to allow a small number of advertisers to create and publish ads on the app starting in January.
X’s Usage Drops Slightly, Pew Says, While WhatsApp Rises
YouTube continues to be the most widely used social media platform, by far, while Facebook is second, the survey showed.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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