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The Trump administration pressured Apple CEO Tim Cook to use Intel’s chip fabs, securing a tariff exemption after Apple pledged billions in U.S. investment. Activist investor Elliott built a large stake in CCC Intelligent Solutions, a $3.5B car insurance software provider exploring a sale. Irish datacenters now consume 23% of the country’s electricity, with consumption rising 10% despite grid restrictions. A U.S.-backed medical glove factory in Virginia, funded with $123M, has failed after four years, highlighting reshoring challenges. Meanwhile, security experts warn that storing JWTs in localStorage leaves tokens vulnerable to XSS theft; httpOnly cookies are recommended instead.
China dropped its urban jobs target for the first time since the 1990s in its five-year plan, citing AI-driven economic shifts. In tech, Scarf moved away from Haskell after seven years, blaming long compilation times as a bottleneck. A performance regression in Open MPI on Slingshot interconnects was traced to libcxi errors causing a fallback to TCP/IP, reducing bandwidth from 25 GB/s to 2.3 GB/s.
Interpol arrested 5,811 suspects and seized $293 million in a global anti-fraud operation across 97 countries. The U.S. Justice Department warned lawyers to expect less cooperation from Binance on crypto investigations, marking a shift after its 2023 settlement. Leaked renders of Samsung’s Galaxy Z Fold 8 and Z Flip 8, plus new Watch models, emerged ahead of July’s Unpacked event. Sonos laid off top design executives including VP Dana Krieger, citing flatter management. Keygen Church released “Oscuro Domine,” an interactive track.
Allstate Insurance faces lawsuits from CA and VMware after alleging a retaliatory license audit from Broadcom. A widespread Telstra outage disrupted emergency calls, trains, and payments across Australia. Virgin Media was fined ÂŁ28M for making cancellations difficult. China warned developers against Claude Code over backdoor code fears. Former NASA chief Jim Bridenstine criticized the Artemis Moon plan for lacking a dedicated lander, while Microsoft introduced tech to rebuild dead PCs without local Windows copies.
As the US marks its 250th anniversary, political turmoil deepens with parallels drawn to its founding revolution against a ‘mad king’ amid Trump’s return, echoing warnings of self-destruction. In science, a Texas A&M nasal spray reversed brain aging in mice, restoring memory after two doses. Meanwhile, researchers discovered 26 new bacterial species in NASA cleanrooms, surviving extreme sterilization and producing valuable compounds. Jellyfish wound-healing in minutes also offers medical promise.
Three major egg producers settled with the U.S. for $3.3 million and 53 million eggs over price-fixing allegations during a bird flu outbreak. Meanwhile, banks still treat multi-factor authentication as optional—an 84-year-old lost $30,000 when thieves exploited weak passwords. Experts also warn against sharing AI research with Bigco agents, as firms may use submissions for their own gain.