Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Trump Administration Plans Major Increase in Denaturalization Cases for Naturalized U.S. Citizens 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
UN Warns Gaza Humanitarian Aid at Risk as Israel Registration Rules Threaten NGO Operations 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
U.S. Initiates $11.1 Billion Arms Sale to Taiwan Amid Rising China Tensions 
U.S.-Russia Talks in Miami Raise Hopes for Potential Ukraine War Deal 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
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.
