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Plus: The White House succeeds in clawing back about $9 billion in foreign aid and public media funding. And CBS says it will end ‘Late Show’ in May, concluding a decadeslong run. Azhar Sukri hosts.
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The U.S. Justice Department demands lists of all noncitizen inmates from California jails, challenging the state’s sanctuary laws and threatening subpoenas if counties don’t comply. Meanwhile, the University of California considers raising its annual tuition increase cap from 5% to 7% to address budget cuts, inflation, and reduced federal support. Critics worry the plan focuses more on revenue than student aid, while a cohort-based tuition freeze is set to expire in 2026.
Mustafa Suleyman is a key figure in the artificial intelligence world. He’s Microsoft AI CEO, with roots in Google’s DeepMind and Inflection AI. Suleyman recently joined WSJ columnists Christopher Mims and Tim Higgins on an episode of their Bold Names podcast. They discuss why AI assistants are central to Microsoft’s AI future, the company’s relationship with OpenAI, and what Suleyman really thinks about “artificial general intelligence.” Tech News Briefing brings you an encore of that episode.
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Investors rode along with upbeat blue-chip earnings. Plus TSMC, the world's largest contract chip maker, delivered a record profit last quarter. Shares in EV maker Lucid rocketed on the news it will collaborate on Uber's robotaxi program. United Airlines posted better-than-expected adjusted quarterly earnings. And, Insurer Elevance Health slashed its 2025 profit projection. Charlotte Gartenberg hosts.
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Plus: OpenAI rolls out a new agent that can make spreadsheets and PowerPoints. Defense-tech startup Hadrian raises $260 million for a new robot factory. Ariana Aspuru hosts.
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Plus: Fed chair candidate Kevin Warsh says the next person in the role will maintain the central bank's independence from political pressure. And U.S. retail sales rose 0.6% in June. Pierre Bienaimé hosts.
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Plus: TSMC plans to speed up its Arizona expansion to meet rising demand for chips. GE Aerospace raises guidance after earnings beat. Ariana Aspuru hosts.
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Plus: Canada’s Alimentation Couche-Tard has abandoned its $47 billion bid to buy Japanese 7-Eleven operator Seven & i. And United Airlines says it’s expecting a travel rebound in the second half of 2025 as it resets its profit guidance. Azhar Sukri hosts.
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At least 20 Palestinians die in a stampede at a Gaza food distribution site, with conflicting accounts of what triggered the deadly panic. Meanwhile, President Trump shocks his own supporters by dismissing demands to release Jeffrey Epstein’s client list, calling it a “Democrat hoax.” The U.S. sends migrants from Jamaica and Cuba to Eswatini under new third-country deportation deals. California’s National Weather Service faces dangerous staffing cuts as wildfire season intensifies. San Francisco and San Jose emerge as national leaders in AI innovation, while Los Angeles ranks close behind. And downtown LA businesses call for help to recover from immigration raids, tariffs, and pandemic-related losses. Listen for these stories and more from LA Times Studios.