Samsung Electronics Poised for Massive Q4 Profit Surge on Soaring Memory Chip Prices 
FDA Limits Regulation of Wearable Devices and Wellness Software, Boosting Health Tech Industry 
Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny 
Trump Says Taiwan Decision Is “Up to Xi,” Warns Against Changing Status Quo 
Russia Fires Oreshnik Hypersonic Missile Near NATO Border in Escalation of Ukraine War 
Norwegian Nobel Institute Clarifies Nobel Peace Prize Rules After Trump Remarks 
SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally 
FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026 
China Ends Contraceptive Tax Exemption to Boost Birth Rates 
U.S. Treasury Says It Can Handle Potential Tariff Refunds if Supreme Court Rules Against Trump 
Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability 
Trump Warns Iran as Nationwide Protests Intensify and Internet Is Shut Down 
GM Takes $6 Billion EV Write-Down as Electric Vehicle Demand Slows in the U.S. 
Discord Confidentially Files for U.S. IPO, Signaling Major Milestone 
TSMC Shares Hit Record High as Goldman Sachs Raises Price Target on AI Demand Outlook 
Rio Tinto–Glencore Merger Talks Spark Investor Debate Over Value, Strategy and Coal Exposure 
In his farewell address, President Joe Biden cautioned against the rise of an American oligarchy led by tech billionaires wielding "dangerous concentrations of power." Echoing President Eisenhower’s 1961 warning about a "military-industrial complex," Biden highlighted the emergence of a "tech industrial complex" that threatens democracy and equality.
Biden did not name individuals but noted figures like Tesla CEO Elon Musk, Amazon’s Jeff Bezos, and Meta’s Mark Zuckerberg. Musk, the world’s richest man, played a pivotal role in Donald Trump’s presidential victory, reportedly contributing over $250 million. These tech moguls will attend Trump’s inauguration alongside key Republican leaders.
Biden expressed concern over the influence of tech giants, citing their role in spreading misinformation and weakening traditional media. The free press, he warned, is crumbling as platforms like Meta and Musk-owned X (formerly Twitter) reduce content moderation and fact-checking.
Wall Street analysts dubbed companies like Apple, Tesla, Nvidia, and Meta the "Magnificent Seven," whose combined market value surged 46% in the past year, far outpacing the S&P 500.
Biden also addressed artificial intelligence, calling it "the most consequential technology of our time." He emphasized the need for trustworthy AI development led by democratic principles, positioning the U.S. as a global leader over China.
The growing power of tech billionaires, Biden warned, parallels the unchecked influence Eisenhower cautioned against, urging Americans to safeguard democracy in the face of evolving challenges.
