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Quantum Computing Gets a Boost
Washington is treating quantum computing as critical national infrastructure, awarding $2 billion in grants while taking equity stakes in leading companies to counter China's technological rise.
ŌURA Confidentially Starts Plans to Go Public
Wearable health‑tech company ŌURA, known for its Oura Ring that tracks sleep, activity, and readiness, has confidentially submitted an S‑1 draft to the SEC as it prepares for a potential IPO.
UCLA’s New Semiconductor Research Lab
Backed by $125 million from leading tech and semiconductor companies including Broadcom, Applied Materials, GlobalFoundries, Meta and Synopsys, UCLA Samueli’s Semiconductor Hub aims to push beyond traditional silicon scaling, deliver more efficient AI chips for applications from healthcare to autonomous systems, and build a world-class semiconductor workforce.
Minnesota Banning Prediction Markets
In a landmark crackdown, Minnesota became the first state to criminalize prediction markets, forcing platforms like Kalshi and Polymarket to leave or face felony charges. The law bans wagering on future outcomes (sports, elections, entertainment) and even prohibits VPNs used to bypass the ban. While state lawmakers cite protecting kids and public safety, the federal CFTC argues the law turns lawful operators into "felons overnight" and threatens farmers' weather-hedging tools.
Manus Exploring Walking Back Meta Deal
A high-stakes AI deal is hitting geopolitical headwinds. Manus’s founders are considering a $1 billion raise as Beijing regulators demand a reversal and push Meta to unwind its $2 billion takeover.
Trumps Avoid Audits With IRS Settlement
The Justice Department has expanded a Trump settlement to cover his long-running IRS disputes, adding a broad waiver that bars the agency from pursuing existing tax audit claims against Trump, his family, and related entities.
China Offering Assistance With Rare Earth Minerals
Beijing will help address U.S. rare‑earth shortages, particularly for minerals used in aerospace coatings and advanced chips, but export curbs on rare earths and processing technology are not being lifted. The U.S. appears to be settling for managed scarcity rather than a full opening of Chinese supplies.
Everlane Sells to Shein
In a clash of fashion philosophies, Shein, the Chinese fast-fashion juggernaut, has bought Everlane, once celebrated for "radical transparency" and ethical factories. While Everlane's CEO promises the brand will stay true to its sustainability mission, supporters mourn the end of "millennial optimism," questioning whether this union will alienate loyal customers or sway Shein shoppers to trade up.
Publicis Acquiring LiveRamp
By buying LiveRamp for $38.50 per share, a 29.8% premium, Publicis plans to fuse LiveRamp’s data collaboration and clean-room capabilities with Epsilon, Publicis Sapient, and Marcel to power enterprise AI agents, unlock new addressable markets, and deliver EPS accretion from year one.
HEVO To Deploy Wireless EV Charging Across MENA
HEVO Inc. and Fleet Tracking Technologies Co., Ltd. have agreed to a strategic MOU to integrate HEVO’s patented Rezonant™ wireless charging hardware and Journey™ fleet software with FTT’s API-first telematics and logistics platform. The collaboration focuses on regional distribution, telematics and depot workflow integration, a high-profile pilot deployment with a global industrial or energy operator, and potential co-developed hardware and software variants, with a pathway to a strategic equity investment aligned to commercial milestones.
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🍫 Power Numbers
0 - the amount the bottom half of US earners should pay in income taxes, according to Jeff Bezos
$3M - In free software licenses, cashback and discounts when you join Insider Bites
$15B - the amount Anthropic will pay to SpaceX annually through May 2029
$80B - share buyback coming from Nvidia
15 - charged in $90M Medicare fraud in Minnesota
1.8M - in patients have their medical and biometric data compromised
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