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INDUSTRY LATEST STORY

The Trump Administration Is Set to Pocket $10 Billion From the TikTok Deal

Wall Street Journal

The Trump administration is set to receive a roughly $10 billion fee from investors — including Oracle, Silver Lake, and Abu Dhabi's MGX — as payment for brokering the deal that transferred control of TikTok's U.S. business from Chinese parent company ByteDance to a majority American-owned entity.

Historians described the payment as nearly unprecedented for a government facilitating a corporate transaction, dwarfing the typical fees earned by investment banks, which usually take less than 1% of a deal's total value.

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INDUSTRY

Microsoft Chief Satya Nadella Warns AI Boom Could Falter Without Wider Adoption

Financial Times

Satya Nadella warned at Davos that AI risks becoming a speculative bubble unless its benefits and adoption spread beyond big tech and wealthy nations to reach a diverse range of global industries.

Despite this concern, he expressed confidence that the technology will drive widespread economic growth as companies learn to leverage multiple AI models and proprietary data to boost productivity.

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INDUSTRY

23andMe Files for Bankruptcy Amid Privacy Concerns

NPR

Genetic testing pioneer 23andMe has filed for bankruptcy following years of financial struggle and a massive data breach, prompting urgent privacy concerns regarding the sensitive DNA profiles of over 15 million users.

While the company maintains that data protection remains a priority during its search for a buyer, experts warn that limited federal oversight leaves customers vulnerable, leading many to recommend that users manually delete their accounts and request the destruction of their biological samples.

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INDUSTRY

Google Found Guilty of Maintaining Monopoly, Judge Rules in Landmark Antitrust Case

New York Times

A federal judge ruled that Google illegally maintained a monopoly over online search by paying billions to companies like Apple to remain the default search engine, a landmark decision that could reshape how Big Tech operates.

While Google plans to appeal, Judge Amit Mehta's ruling marks a significant victory for the Justice Department and sets a major precedent for ongoing antitrust cases against other tech giants.

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INDUSTRY

Federal Judge Rejects $30 Billion Visa, Mastercard Swipe-Fee Settlement

Reuters

A U.S. district judge rejected a $30 billion antitrust settlement between Visa, Mastercard, and merchants, ruling that the proposed limits on "swipe fees" were insufficient.

The decision—applauded by major retail groups who argued the deal offered only temporary relief—now potentially forces the credit card giants to negotiate more favorable terms or face a federal trial.

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INDUSTRY

Tractor Supply Ends DEI Roles and Carbon Goals Amid Backlash

NPR

Tractor Supply Company announced it will eliminate its diversity, equity, and inclusion (DEI) roles, withdraw carbon emission goals, and end its sponsorship of Pride events following a weeks-long conservative pressure campaign.

While activists like Robby Starbuck hailed the move as a major victory, civil rights organizations and business experts warned that the reversal could alienate minority groups and harm long-term recruitment efforts.

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INDUSTRY

Janus Henderson Tightens Grip on CLO ETFs with JAAA's $10 Billion Milestone

Bloomberg

The Janus Henderson AAA CLO ETF (JAAA) has surpassed $10 billion in assets, securing a dominant 90% market share in the rapidly expanding niche for top-rated collateralized loan obligation funds.

Driven by elevated interest rates and institutional interest, the fund has nearly doubled in size this year by offering high-credit-quality exposure with significantly better returns than the broader bond market.

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INDUSTRY

Hackers Uncover Trains Designed to Fail in Poland

ARS Technica

In an unusual right-to-repair battle, members of the ethical hacking group Dragon Sector discovered deliberate software locks in Polish trains that caused them to "brick" when serviced at independent repair shops.

The manufacturer, Newag, has denied the allegations and threatened legal action, but hackers successfully restored the fleet to service by uncovering a hidden "unlock code" within the trains' control panels.

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INDUSTRY

Southern Governors Unite Against UAW Expansion Efforts

CBS News

Six Republican governors from the South have issued a joint statement condemning the United Auto Workers' expansion efforts, labeling the union a "special interest" that threatens local jobs and values.

This political opposition comes as thousands of Volkswagen workers in Tennessee and Mercedes-Benz employees in Alabama prepare for high-stakes votes following the UAW's recent success in securing record contracts with Detroit’s Big Three.

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