Donald Trump's media company is selling early, high-speed access to Truth Social posts, including his own, raising alarms about potential market manipulation and "brazen corruption."
Trump Media & Technology Group (TMTG) announced plans to launch "Truth API," a paid data feed offering Wall Street firms real-time access to "market-moving" posts from Truth Social's most influential contributors, including President Trump. Critics immediately denounced the move as "brazen corruption," arguing it could allow trading firms to profit from seeing the president's posts milliseconds before the public, potentially impacting national security and financial markets. The GuardianBBCCNBC
President Trump reportedly made at least $1.4 billion from his crypto businesses last year, an extraordinary sum for a sitting president without prior crypto background, according to an investigation into his financial ties to entrepreneur Justin Sun. The Guardian
A Paramount shareholder filed a lawsuit against the Ellison family, alleging an "illegal" deal with Trump related to the proposed acquisition of Warner Bros. Discovery. The Hill
AI Development & Ethics
$1MAnthropic CEO's PAC donation
$1.5BDeepSeek's potential funding round
China's Moonshot AI is closing the performance gap with Western rivals, intensifying the global AI race as leaders call for international cooperation amid US tech curbs.
Chinese startup Moonshot AI unveiled its Kimi model, which it claims rivals leading models from OpenAI and Anthropic, signaling China's rapid progress in closing the performance gap with U.S. AI labs. This comes as President Xi Jinping called for increased global cooperation in AI development, criticizing "solo performances by a single country" amid U.S.-led restrictions on China's access to advanced tech. CNBCNPR
Anthropic CEO Dario Amodei donated $1 million to Public First, a super PAC advocating for stronger AI guardrails, with other Anthropic employees contributing an additional $2.15 million in the last quarter. The Hill
Google is rebranding its AI note-taking application, NotebookLM, to Gemini Notebook, integrating it more deeply across the Gemini ecosystem and Google Search while remaining a standalone app. The Verge
Thousands of Google workers signed a petition to CEO Sundar Pichai, demanding layoff protections and buyout options amidst the company's massive investments in AI and continued workforce reductions. The Guardian
New York Governor Kathy Hochul revealed her administration is using AI to analyze "every single rule, regulation, [and] policy" in the state to identify and update outdated legislation, despite recently enacting a moratorium on new hyperscale AI data centers. The Verge
Tech & Market Volatility
13%Netflix Q2 revenue growth
$1.5BUnitedHealth AI investment
A deepening chip rout sent Asian and U.S. tech stocks tumbling, reigniting investor jitters about AI valuations and broader market stability.
Global stock markets experienced a sell-off, with Asian and U.S. tech stocks sinking as a deepening chip rout fueled renewed skepticism about the sustainability of the AI-driven rally and lofty valuations. SoftBank shares fell over 9%, tracking losses in U.S. semiconductor companies. ReutersCNBC
Alphabet shares fell over 4% after reports indicated delays for its most powerful AI model, Gemini 3.5 Pro, raising concerns that Google is struggling to keep pace in the competitive AI race. MarketWatchCNBC
Netflix reported a 13% increase in second-quarter revenue to $12.6 billion, largely meeting Wall Street expectations, but its stock dropped after the company issued a disappointing earnings forecast and announced it would provide fewer engagement updates. The streaming giant also disclosed that approximately 300 titles on its platform used generative AI, primarily in post-production, to enhance visual effects and reduce costs. The New York TimesThe Verge
UnitedHealth Group surpassed earnings estimates and raised its outlook, driven by cost-cutting measures, including a $1.5 billion investment in AI, as the healthcare giant works to stabilize margins by shrinking membership and exiting unprofitable contracts. CNBC
GE Aerospace boosted its profit outlook, but its stock fell after earnings as the previously rapid growth in its order book began to cool. MarketWatch
Political Landscape & Global Affairs
World leaders convened in Washington to address the urgent threat of far-left political violence, while President Trump continued to raise concerns about election integrity ahead of midterms.
Leaders from approximately 60 countries gathered in Washington, D.C., to discuss what Trump administration officials termed an urgent threat: far-left terrorism. NPR
President Trump delivered a primetime address reiterating familiar claims about the country's voting systems being vulnerable, just months before a midterm election where Republicans anticipate losses. NPR
Texas secured a massive $3.2 billion shipyard contract, beating out California and bringing 10,000 jobs to the state, with the facility set to produce drone boats used in the Iran conflict. Chron
President Trump plans to attend the World Cup 2026 final in New Jersey, where Spain will face Argentina, alongside Spanish Prime Minister Pedro Sanchez, a vocal critic of the U.S. President. The Guardian
Quick Shots
🤖 Elon Musk's xAI is suing a user, alleging they used the Grok chatbot to create child sexual abuse materials, marking one of the first such lawsuits by a tech company. CNN
🎮 Roblox launched an AI-powered "Build" feature in its mobile app, allowing users to generate basic games from a single text prompt. TechCrunch
🍔 DoorDash is opening a limited beta for `dd-cli`, a command-line tool enabling developers and AI agents to search stores, build carts, and place orders from the terminal. TechCrunch
⚕️ Medicare is proposing significant changes to how it pays for clinical AI and remote patient monitoring, aiming to revamp payment models for health tech. STAT+
🎵 Composer Robert Laidlow's new album, "Reality Eaters," explores themes like Einstein's field equations and artificial intelligence through ambitious orchestral works. The Guardian