May 3, 2026

06 Market

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Excerpt from apnews.com

FORT LAUDERDALE, Fla. (AP) — Donald Trump’s former campaign manager looked squarely into the camera and promised his viewers they were about to witness a bold new era in politics.

“You’re going to see some of the most amazing new technology in artificial intelligence that’s going to replace polling in the future across the country,” said Brad Parscale in a dimly lit promotional video accentuated by hypnotic beats.

Parscale, the digital campaign operative who helped engineer Trump’s 2016 presidential victory, vows that his new, AI-powered platform will dramatically overhaul not just polling, but campaigning. His AI-powered tools, he has boasted, will outperform big tech companies and usher in a wave of conservative victories worldwide.

It’s not the first time Parscale has proclaimed that new technologies will boost right-wing campaigns. He was the digital guru who teamed up with scandal-plagued Cambridge Analytica and helped propel Trump to the White House eight years ago. In 2020, he had a public blowup then a private falling out with his old boss after the Capitol riot. Now he’s back, playing an under-the-radar role to help Trump, the presumptive GOP nominee, in his race against Democratic President Joe Biden.

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Excerpt from www.wicz.com

The suits were brought not by women seeking an out-of-state abortion but rather by groups that intend to help them. Thompson, appointed to the bench by President Jimmy Carter, wrote that a patient’s right to travel was “inextricably bound up” with those groups. Collectively, he wrote, the groups receive as many as 95 inquiries each week asking about the availability of out-of-state abortions.

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Excerpt from www.wsiltv.com

(CNN) — A Texas man is seeking a court order so he can depose a woman he was dating who traveled to Colorado to get an abortion, in a case that may have ramifications in the ongoing legal battles over abortion rights.

Collin Davis, a resident of Brazos County, filed a legal petition in March stating that on February 20 — the day after he learned the woman intended to obtain the abortion — he retained an attorney, who sent the woman a letter requesting that she preserve all records related to her plans to terminate the pregnancy.

According to the petition, the letter warned that he “would pursue wrongful-death claims against anyone involved in the killing of his unborn child.”

Davis argues that the deposition is necessary to determine whether there was a violation of the Texas wrongful-death statute, which the petition references alongside a Texas civil code that includes among those defined as individuals “an unborn child at every stage of gestation from fertilization until birth.” His petition additionally points to Texas’ civil enforcement six-week abortion ban, known as SB 8.

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Excerpt from nationalcenter.org

Washington, D.C. – Shareholder activists with the National Center for Public Policy Research’s Free Enterprise Project (FEP) will present proposals at six shareholder meetings this week — American Express, Intel, General Electric, Progressive, Ford and Duke Energy.

On Tuesday, May 7, FEP will confront American Express, Intel and General Electric (GE) at each company’s virtual shareholder meeting.

At the American Express meeting, FEP will stand up for the rights and privacy of legal gun owners by presenting Proposal 7, which demands transparency about the company’s potential flagging of customer purchases at gun and ammunition stores.

In its supporting statement, FEP questions “whether the best choice is not to track these lawful and constitutionally protected purchases in any way, as well as the dangers associated with sharing any information gathered with government representatives whose use of the information can only be to surveil and harass those who exercise their lawful right to keep and bear Arms.”

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Excerpt from hudsonreporter.com

Roger Ver, known as ‘Bitcoin Jesus,’ has been arrested in Spain for failing to report $240 million in Bitcoin sales, evading $48 million in taxes.

He is charged with tax evasion and mail fraud, with allegations of hiding 131,000 Bitcoins.

Key Takeaways

  • Roger Ver, an early Bitcoin investor, has been charged with tax evasion involving nearly $50 million following his renunciation of U.S. citizenship.
  • Ver allegedly sold $240 million worth of Bitcoin in 2017, failing to report or pay taxes on the sale despite legal obligations.
  • The U.S. Department of Justice has unsealed an indictment and is pursuing Ver’s extradition from Spain for trial.

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Excerpt from www.nbcboston.com

  • GM lost $106 million during the first quarter in China, marking only its third quarterly loss in the country in at least 15 years and the largest outside of the coronavirus pandemic during that time.
  • GM’s fall from grace in the country is staggering amid geopolitical tensions between the U.S. and China, along with changing consumer sentiment and increased domestic competition there.
  • While the challenges aren’t unique to GM, the company has the most to lose after several restructurings and exits from other markets in a bid to become more profitable.

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Excerpt from www.irishnews.com

Sperm whales can modulate their clicks in a way that is similar to how humans speak, according to scientists.

These mammals are known to be sociable and are often spotted in groups – known as pods – of 15 to 20.

They communicate with each other by producing a series of rhythmic clicks, known as codas.

The researchers said that while communication plays a vital role in complex social behaviours in humans, not much is known about the vocalisations of sperm whales.

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Excerpt from abcnews.go.com

The health insurer Aetna has agreed to settle a lawsuit over whether its fertility treatment coverage discriminates against LGBTQ+ patients

Under the deal announced Friday, the insurer will make coverage of artificial insemination standard for all customers nationally and work to ensure that patients have equal access to more expensive in-vitro fertilization procedures, according to the National Women’s Law Center, which represented plaintiffs in the case.

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Excerpt from ca.style.yahoo.com

BEIJING (Reuters) – Search engine Baidu Inc will invest in taxi-hailing app maker Uber Technologies Inc, a person familiar with the matter said on Friday, becoming the latest Chinese Internet firm to take an interest in the flourishing market for transportation apps. The size of Baidu’s investment – and its valuation of Uber – are unknown, but the Chinese firm has scheduled a press conference to announce an investment into an unnamed U.S.-based startup on Dec. 17 in Beijing.

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Excerpt from amp.scmp.com

After meeting President Xi Jinping at Elysee Palace on Monday, French President Emmanuel Macron welcomed Beijing’s commitments to “refrain from selling any weapons or aid” to Russia and to “strictly control” sales of products and technologies that could be used for both civilian and military purposes.

Meanwhile, the commerce ministry’s director of Eurasian affairs, Liu Xuesong, said on Monday that China would “work along with Russia” to tap new sectors for bilateral trade, including in services, the digital economy, and green industry and low-carbonisation development.

A bilateral trade expo will be held from May 16-21 in the northeastern city of Harbin, with a focus on industrials and manufacturing, agriculture, and logistics collaborations.

Both countries “have a solid development on China-Russia crude oil pipelines, the Power of Siberia, the Blagoveshchensk-Heihe Bridge and the Tongjiang-Nizhneleninskoye railway bridge”, Liu said at a press conference.

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Excerpt from finance.yahoo.com

(Bloomberg) — Apple Inc. illegally interrogated staff at its World Trade Center store in New York City, the US labor board ruled Monday, marking the latest rebuke of the iPhone maker’s labor practices.

Most Read from Bloomberg

A trio of Democratic-appointed labor board members ruled against the company, affirming the findings last year of an administrative law judge. In that decision, the judge concluded that the company violated federal law in 2022 by confiscating union flyers, prohibiting workers from placing them on a table in the break room and “coercively interrogating” employees.

Monday’s ruling is the first decision against Apple by the NLRB’s members, agency spokesperson Kayla Blado said. The Cupertino, California-based company, which didn’t have an immediate comment, has previously denied wrongdoing.

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Excerpt from ca.movies.yahoo.com

(Reuters) – Search engine giant Baidu Inc beat first-quarter revenue and profit estimates on Tuesday as businesses spent more on advertising amid China’s post-COVID reopening, and said it was awaiting regulatory approval to launch its ChatGPT-like Ernie bot.

Business momentum in China is building after it dropped most of its strict COVID-19 curbs late last year, with consumers and companies reviving spending.

China’s economy grew a faster-than-expected 4.5% year-on-year in the three months through March, according to the latest official data.

Baidu CEO Robin Li said on Tuesday that after the Lunar New Year in late January, there was a quick economic recovery that especially benefited the company’s advertisers in offline sectors such as travel and healthcare.

“Some of these verticals have already rebounded to above pre-pandemic levels, indicating solid signs of recovery,” Li said. Baidu’s revenue rose 10% to 31.14 billion yuan ($4.54 billion) in the quarter to March 31, surpassing analysts’ estimates of 29.97 billion yuan, according to Refinitiv data.

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Excerpt from www.businessinsider.com

One of Tesla’s top executives has been reassigned to China in another sign that Elon Musk is tightening his grip on the electric carmaker.

Tom Zhu, who was previously in charge of Tesla’s US plants and sales — effectively making him second in command to Elon Musk — has now been named VP of China, Electrek reports.

Prior to the move, Zhu had assumed more responsibilities at Tesla as Musk was increasingly occupied by X, according to Electrek.

Reuters reported last year that Zhu — who had formerly led the Gigafactory Shanghai manufacturing plant — had been promoted.

Now, Musk has resumed control of Tesla’s North American sales operations, Electrek reports.

Tesla did not immediately respond to a request for comment from Business Insider.

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Excerpt from qz.com

Elon Musk’s “absolutely hardcore” layoffs won’t stop coming as Tesla employees announce their terminations on social media.

Well over a dozen Tesla employees took to LinkedIn on Monday to tell their networks they are now out of a job. It was unclear Monday afternoon how many workers have been affected by the latest round of job cuts. While at least one worker said they were directly informed by their manager, it’s likely that many found out by email.

“You will not need to perform any further work and therefore will no longer have access to Tesla systems and physical locations,” an email shared by one now-former Tesla worker said. “We understand this news is difficult and are committed to supporting you through this transition,” the email continued, before informing them that additional information would be sent within 48 hours.

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Excerpt from news.bloomberglaw.com

A patent owner taking on Google LLC, Amazon.com Inc., and Walmart Inc. is urging the US Supreme Court to undo an appeals court ruling that its patent shouldn’t have been granted in the first place.

The US Court of Appeals for the Federal Circuit in February ruled that “interacting with data objects on the World Wide Web is an abstraction” under the high court’s 2014 decision in Alice Corp. v. CLS Bank, and Eolas Technologies Inc.’s distributed computing patent covering just that is invalid.

“That conclusion conflicts with Alice and pushes the boundaries of its ‘abstract idea’ …

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Excerpt from www.gmtoday.com

Debbie Lindh leaned forward in a chair on the front porch of her Grass Valley, California, home and pointed at the house directly across a narrow street.

Lindh, 71, and her husband were recently told State Farm will no longer insure their property near the city’s downtown.

Yet the neighbor across the street is not losing coverage. Her insurer is also State Farm.

“It’s just so arbitrary,” said Lindh, who noted the many trees that surround both her home and that of her neighbor’s.

“This house versus that house? I just totally don’t get it.”

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Excerpt from www.aol.com

WhatsApp founder and Chief Executive Officer Jan Koum is leaving Facebook Inc., just a few years after his messaging app was acquired by the social-media giant for $22 billion.

Koum posted his plan to depart on his Facebook page, saying the decision was emotional. His mobile-messaging tool, which has been kept separate from Facebook’s main social network, its Messenger app and other businesses, is known for offering end-to-end encryption, meaning only the sender and recipient can see the content of messages. The app has about 1.5 billion users worldwide. The news received a quick response from Facebook CEO Mark Zuckerberg.

“I’m grateful for everything you’ve done to help connect the world, and for everything you’ve taught me, including about encryption and its ability to take power from centralized systems and put it back in people’s hands,” Zuckerberg wrote. “Those values will always be at the heart of WhatsApp.”

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Excerpt from sg.news.yahoo.com

Intel Corporation (Nasdaq: INTC) investors were blindsided Thursday when CEO Brian Krzanich announced his resignation due to an consensual relationship with another Intel employee. The unexpected departure may have rattled Intel shareholders, but analysts say the change of leadership could actually be a blessing in disguise.

Intel announced CFO Bob Swan will be taking over as interim CEO while the company searches for a permanent replacement.

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Excerpt from www.aol.com

(Reuters) – Home improvement chain Lowe’s Companies Inc announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it strives to compete with rival Home Depot Inc in a slowing housing market.

Lowe’s gave no detail of job losses in the move, which closes stores in some upmarket areas including Broadway and Chelsea in Manhattan and follows the shutdown of 99 Orchard Supply stores in California.

Buffeted in recent quarters by the impact of a long winter in North America, Lowe’s has been striving to find ways to catch up with the long-time sector leader Home Depot, each of whose stores on average generate almost twice as much in sales.

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Excerpt from uk.movies.yahoo.com

(Reuters) – U.S. Senator Mark Warner called on Facebook Inc to provide more transparency over its decision to not fact-check ads run by politicians, asking whether it would comply with a new rule that requires online platforms to disclose the purchasers of ads.

Facebook has been under fire over its advertising policies, especially after it exempted politicians’ ads from fact-checking standards applied to other content on the social network.

Chief Executive Officer Mark Zuckerberg has earlier defended Facebook’s policy, saying that the company did not want to stifle political speech.

In a letter to Zuckerberg on Monday, Warner cited some recent ad examples which he described as containing falsehoods about former Vice President Joe Biden and said it underscored the need of accountability.

“Facebook’s apparent lack of foresight or concern for the possible damages caused by this policy concerns me,” Warner said in the letter. (http://bit.ly/2Ng3z3C)

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Excerpt from www.wlfi.com

Washington (CNN) — House Speaker Mike Johnson is expected to confront a vote over his ouster in the coming days, a pivotal moment that presents a major leadership test for the Louisiana Republican even though he is expected to prevail.

House Democratic leaders have said that Democrats will vote to kill the effort led by GOP Rep. Marjorie Taylor Greene of Georgia, effectively ensuring Johnson won’t lose his job.

Johnson will meet privately with Greene at her request at 3:30 p.m. ET on Monday, according to sources familiar.

A failed vote will give Johnson an opportunity to argue that it is time to move on from the issue. But support from Democrats will open Johnson up to even more criticism from his right flank.

It’s not yet clear how many Republicans will vote against Johnson – the higher the number, the more of a blow it could prove to be to the speaker’s standing within the House GOP conference.