Business
Wall Street has its worst day since the war with Iran started EU targets Snapchat over child safety and accuses porn sites of failing to block minors Wall Street's 2025 bonuses reached unprecedented levels Verdicts against Meta, YouTube validate concerns long raised by parents EU lawmakers approve trade deal with US but add safeguards
Average US long-term mortgage rate leaps to 6.38%, highest in 6 months
Amazon buys Fauna Robotics, maker of the Sprout humanoid robot
Central banker thinks businesses may be quicker to raise prices due to Iran war
Merck buying Terns in $6.7B deal to bolster its cancer portfolio
Jury finds Instagram and YouTube liable in landmark social media addiction trial
LOS ANGELES (AP) – A jury found both Meta and YouTube liable in a first-of-its-kind lawsuit that aimed to hold social media platforms responsible for harm to children using their services, awarding the plaintiff $3 million in damages.
OpenAI pulls the plug on Sora, the viral AI video app

SAN FRANCISCO (AP) – OpenAI is shutting down its social media app Sora, which went viral last fall as a place to share short-form videos generated by artificial intelligence but also raised alarms in Hollywood and elsewhere.

Pop Mart shares sink despite revenue surge

HONG KONG (AP) – Labubu doll maker Pop Mart’s shares sank nearly 23% on Wednesday despite robust revenue, with analysts pointing to investor concerns over the Chinese toy company’s ability to grow beyond its heavy reliance on Labubu-related income.

PM Carney says Air Canada CEO's English-only condolences lacked compassion

TORONTO (AP) – Canadian Prime Minister Mark Carney said Wednesday the Air Canada CEO’s English-only message of condolence after Sunday’s deadly crash in New York showed a lack of compassion and judgement.

Editorials from The Washington Post, New York Times, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

Kenya's flower industry loses millions of dollars weekly due to the Iran war

ISINYA, Kenya (AP) – Kenya’s flower industry has reported weekly losses of up to $1.4 million since the Iran war began, with growers attributing the losses to a decline in demand and shipping disruptions. The Kenya Flower Council, said Tuesday the ongoing conflict has resulted in over $4.2 million in losses over the last three weeks.

Sanders, Ocasio-Cortez push bill to impose AI data center moratorium

WASHINGTON (AP) – Two high-profile progressive lawmakers are introducing a bill Wednesday that would pause new data centers in the United States until national safeguards are in place to protect workers and consumers and ensure the technologies don’t harm the environment.

Supreme Court sides with Cox Communications in a copyright fight

WASHINGTON (AP) – The Supreme Court on Wednesday sided with internet service provider Cox Communications in its copyright fight with record labels over illegal music downloads by Cox customers.

Venezuela's Delcy Rodríguez pitches newly opened oil sector to investors

CARACAS, Venezuela (AP) – Venezuela’s acting President Delcy Rodríguez preached of lucrative long-term opportunities in her resource-rich country at a Saudi-backed investment summit on Wednesday, offering a window into how Venezuela’s government is trying to lure investors to its oil sector.

What comes next for social media firms as jury finds Meta harms children

SAN FRANCISCO (AP) – The first jury verdict in a series of social media child safety trials this year is in – and it’s not looking good for Meta. A jury in New Mexico found on Tuesday that the social media giant’s platforms are harmful to children’s mental health and imposed a $375 million penalty.

Chances of a Federal Reserve rate cut fade as inflation worsens
Seafood industry bets Americans will finally eat more fish if it looks like meat
FDA flags misleading claims for cancer drug by Patrick Soon-Shiong