Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
TikTok has agreed to pull its 'Lite' rewards program from the European Union, aligning with the Digital Services Act, according to the European Commission.
Engagement Features of TikTok Lite Rewards
According to a statement released by the European Commission on Monday, ByteDance's TikTok has reached an agreement to permanently withdraw its TikTok Lite rewards program from the European Union in order to comply with the Digital Services Act (DSA) of the bloc.
Reuters reports that TikTok Lite includes a "Reward Programme" that enables users to accumulate points by completing specific actions on the network. These activities include watching videos, liking content, following producers, and requesting friends to join the platform at the same time.
EU Demands for Emergency Risk Assessment
Shortly after the app was released in France and Spain, the European Union (EU) required that TikTok conduct an emergency risk assessment on the app. This was done because of worries regarding the app's potential influence on the mental health of users, particularly for youngsters.
Large online platforms are expected to declare any potential hazards associated with new functionality to the European Union (EU) prior to the launch of these new functionalities, and they are also required to implement appropriate measures to manage these risks.
In a statement, the executive arm of the European Union (EU) stated that TikTok has now made legally obligatory pledges to withdraw the rewards program from the EU and to refrain from launching any other scheme that might undermine the judgment.
Potential Fines for Breaching DSA Commitments
"Any breach of the commitments would immediately amount to a breach of the DSA and could therefore lead to fines," the commission stated in its statement.
Per CNA, the company also stated that an additional examination into whether or not TikTok violated online content standards that were designed to safeguard children and ensure that advertising was transparent was still ongoing.
The social media platform was put in jeopardy of receiving a significant fine as a result of the investigation that was initiated in February.
