WS #13479
China blacklists six US firms and tightens drone export controls in retaliation for US tariffs, escalating trade tensions ahead of a Xi-Trump summit. Apple seeks preliminary injunction against OpenAI for alleged trade secret theft; OpenAI dismisses the motion as 'aggressive and personal', potentially impacting AAPL and AI sentiment. Jeff Dean leaves Google to start Discovery Loop, Hassabis becomes chief scientist, and GOOGL is down 4% amid reports of a $1.5B deal with AI startup Mechanize. SpaceX reports 92% revenue growth but heavy capex and net loss, with shares sliding; also, its Bitcoin holding loses $540M in six months.
China-US trade retaliation
China blacklists six US firms and tightens drone export controls in retaliation for US tariffs, escalating trade tensions ahead of a Xi-Trump summit.
Apple seeks preliminary injunction against OpenAI for alleged trade secret theft; OpenAI dismisses the motion as 'aggressive and personal', potentially impacting AAPL and AI sentiment.
Jeff Dean leaves Google to start Discovery Loop, Hassabis becomes chief scientist, and GOOGL is down 4% amid reports of a $1.5B deal with AI startup Mechanize.
SpaceX reports 92% revenue growth but heavy capex and net loss, with shares sliding; also, its Bitcoin holding loses $540M in six months.