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Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I.2:39 After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI. 5 Takeaways From the Live Nation Antitrust Trial2:04 A jury found that the concert giant operated as a monopoly, a verdict that could have major reverberations in the music industry. U.K.’s Starmer Summons U.S. Social Media Companies Over Child Safety Online0:11 The British prime minister will meet with executives from Meta, Google and other companies on Thursday as his government explores how to protect children from online harms. Ford Says Doug Field, Who Led Company's E.V. Push, is Leaving22:55 Doug Field, a former Tesla and Apple executive, had returned to Ford Motor in 2021 to help develop new electric models and software. Stocks Hit Record High as Wall St. Looks Beyond War22:18 Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion, as the S&P 500 closes above 7,000. Jury Finds Live Nation Acts as a Monopoly in a Victory for States21:03 The music industry colossus that includes Ticketmaster was found to have violated antitrust laws by using its dominance in the industry to stifle competition. Trump’s Quest for More Sway Over Fed Faces Fresh Hurdles21:03 Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that. Snap Is Laying Off 16% of Full-Time Staff as It Embraces A.I.19:04 The company, which owns the social media app Snapchat, said it was laying off about 1,000 employees as it increases its reliance on artificial intelligence. Debt Alarms Ring as Countries Rack Up More Emergency Spending19:04 Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses. Iran-Linked Ships Slow or Stop as U.S. Navy Enforces Strait of Hormuz Blockade17:42 More than a dozen U.S. Navy warships are enforcing a blockade on all vessels from all nations entering or leaving coastal areas or ports in Iran. That Meeting You Hate May Keep A.I. From Stealing Your Job17:42 As artificial intelligence makes many tasks easier, the human work of cajoling, arm-twisting and reassuring appears to be rising in importance. Trump Threatens to Fire Powell if He Does Not Resign From Fed14:41 Although Jerome H. Powell’s term as Fed chair officially ends on May 15, he can stay on as a governor until 2028 and said he would not leave until a criminal investigation was over. Trump Threatens to Fire Powell, Again14:41 The new threat against the Fed chair comes ahead of a Senate confirmation hearing for Kevin Warsh, Trump’s pick to lead the central bank. Trump Increased Tax Refunds, but a Political Challenge Still Looms14:41 While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters. |