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But otherwise stocks closed mostly lower. Plus: Fed governor Christopher Waller said he would take the central bank’s top job if offered. And a surge in trading activity boosted some brokerage profits last quarter. Danny Lewis hosts.
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Plus: Netflix is looking to boost user engagement. Australian mining company Fortescue is rethinking its new U.S. green-energy projects due to Trump’s policies. Ariana Aspuru hosts.
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Plus: Chevron completes its purchase of Hess for $53 billion. And the EU imposes the toughest sanctions on Russia since its invasion of Ukraine. Zoe Kuhlkin hosts.
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Plus: Meta won’t sign EU’s AI code of practice. Battery-material producer shares rise as U.S. set to tariff Chinese graphite. Ariana Aspuru hosts.
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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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