Author: potus

Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images23andMe’s special committee of independent directors on Monday rejected CEO Anne Wojcicki’s proposal to take the distressed genetic testing company private.Wojcicki submitted a proposal to the committee on Sunday, offering to acquire all of the company’s outstanding shares for 41 cents each, according to a filing with the U.S. Securities and Exchange Commission.The stock plunged 33% on Monday to close at $1.47, down more than 99% from its peak…

The Huawei booth at the Mobile World Congress in Barcelona, 2025.Arjun Kharpal | CNBCBARCELONA — Huawei is dipping its toes back into the international smartphone market, but analysts warn the lingering effects of U.S. sanctions is likely to hamper the Chinese company’s ability to compete with leaders Apple and Samsung.Over the past few months, Huawei has launched two key devices outside of China. The first in December was the Mate X6, a foldable smartphone, followed by the Mate XT, Huawei’s 3,499 euros ($3,660) trifold phone.Huawei was looking to stand out from the crowd of similar-looking smartphones at the Mobile World…

Three organizations filed a lawsuit Monday seeking to block the Trump administration’s attempt to put an early end to Temporary Protected Status for people from Haiti and Venezuela living in the U.S.Last month, President Donald Trump’s administration rescinded the TPS extension until February 2026 that was granted under President Joe Biden, requiring Haitians to return to their country by Aug. 3 and Venezuelans by April 2. Lawyers for Civil Rights, which is representing the groups and four people who are in the country under TPS, said the suit was the first filed on behalf of Haitians in the U.S. under TPS.…

(The Center Square) – Should Connecticut have a “climate change superfund?” That was the topic of a conversation Monday in a hearing held by the Connecticut General Assembly’s Environment Committee.Also known as House Bill 6280, the so-called superfund would require energy companies to pay for climate mitigation, resiliency and adaptation projects. However, industry groups such as American Petroleum Institute (API) argued in testimony submitted to the House Environment Committee that the superfund is “bad public policy” and “unconstitutional.” As a result, API wants to see HB 6280 defeated.“While API appreciates the goal of funding environmental programs, this legislation is not…

CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market.In its IPO prospectus on Monday, CoreWeave said revenue in 2024 soared more than 700% to $1.92 billion. The company recorded a net loss of $863.4 million. In 2024, around 77% of revenue came from two customers, with 62% the total flowing from Microsoft. CoreWeave had over $15 billion in contracts that had not been fulfilled.In the fourth quarter, it generated $747.4 million of revenue, with a gross margin, or the revenue left after accounting for the cost of goods sold, of…

Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 6, 2025.Steve Marcus | ReutersNvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday.The chipmaker’s shares retreated on a bad day for the market. The Dow, of which Nvidia is a component, tumbled 800 points, or 1.8%, and the Nasdaq Composite slid more than 3%.Nvidia shares are now trading at the same price they were in September, before the U.S. presidential election. The…

TSMC CEO announced the plan with US president, the latest firm to make investment commitments since Donald Trump took office.Chip giant Taiwan Semiconductor Manufacturing Co plans to invest $100bn in the United States and build five additional factories in the coming years, it has said. TSMC CEO CC Wei announced the plan on Monday in a meeting at the White House with US President Donald Trump. “We must be able to build the chips and semiconductors that we need right here,” Trump said. “It’s a matter of national security for us.” TSMC, the world’s largest contract chipmaker, is a leading…

On the eve of President Trump’s deadline to impose tariffs on Mexico, one thing is hard to miss on the Mexican side of the border: The migrants are gone.In what were once some of the busiest sections along the border — Ciudad Juárez, Tijuana, Matamoros — shelters that used to overflow now hold just a few families. The parks, hotels and vacant buildings that once teemed with people from all over the world stand empty.And on the border itself, where migrants once slept in camps within feet of the 30-foot wall, only dust-caked clothes and shoes, rolled-up toothpaste tubes and…

If you’re still surprised by the chaos that U.S. President Donald Trump is fostering at home and abroad, I fear you weren’t paying sufficient attention over the past eight years. At this point in his long and twisted life, it is obvious that his vision of a perfect world is one where men with power and wealth (i.e., men like him) can do whatever they want, unconstrained by norms, laws, or a broader commitment to the public good. This attitude was most clearly revealed back in the 2016 campaign, when he boasted on tape that he just grabbed women wherever…

Defense Secretary Pete Hegseth has ordered U.S. Cyber Command to halt offensive operations against Russia, according to a current official and two former officials briefed on the secret instructions. The move is apparently part of a broader effort to draw President Vladimir V. Putin of Russia into talks on Ukraine and a new relationship with the United States.Mr. Hegseth’s instructions, part of a larger re-evaluation of all operations against Russia, have not been publicly explained. But they were issued before President Trump’s public blowup in the Oval Office with President Volodymyr Zelensky of Ukraine on Friday.The precise scope and duration…