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TikTok’s U.S. ownership deal raises more questions than answers. A framework struck between Washington and Beijing promises to put American investors in charge of the app’s U.S. operations, but control of its algorithm and data remains unresolved.
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US and China reach framework for TikTok ownership shift. A draft agreement would see American investors take control of the app’s US business, extending a deadline for divestment and easing fears of a nationwide ban while leaving key questions unresolved.
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Roche has agreed to acquire 89bio for up to $3.5bn. The deal gives the Swiss drugmaker access to 89bio’s late-stage FGF21 therapy pegozafermin, positioning Roche to expand in liver disease and cardiometabolic treatments. The agreement includes cash and contingent value rights tied to future milestones.
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One in four organisations faced AI data poisoning this year. IO’s latest State of Information Security Report reveals how rushed adoption and shadow AI are exposing companies to sabotage, fraud, and compliance risks across the UK and US.
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The Federal Reserve cut rates by a quarter point. The move, its first reduction since December 2024, reflects growing concern about a cooling labour market. Policymakers signalled at least two more cuts this year, while a dissent from Governor Stephen Miran underscored political tension within the central bank.
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SEON secures $80m Series C funding led by Sixth Street. The AI-driven fraud prevention platform, based in Budapest and Austin, serves clients like Revolut and Spotify. It aims to enhance fraud detection and compliance amidst rising regulatory pressures.
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US consumer prices rose at their fastest annual pace since January. The increase complicates the Federal Reserve’s upcoming decision on interest rates, as labour market indicators show weakness. Investors widely expect a rate cut next week, but rising inflation may limit the scale or speed of any adjustment.
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The Supreme Court will decide if Trump overreached on tariffs. The justices will hear the fast-tracked case in November, with up to $1 trillion in duties at stake. The ruling could redefine trade powers and reshape the balance between Congress and the presidency.
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US holiday sales growth is projected to slow sharply this season. Deloitte forecasts a 2.9 % to 3.4 % increase for 2025, marking the weakest rate since the pandemic. In-store sales are losing momentum, while e-commerce continues to grow steadily despite inflationary pressure.
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DNB deploys AI to accelerate Malaysia’s 5G service management. Digital Nasional Berhad (DNB), Malaysia’s national 5G infrastructure provider, has implemented BMC Helix to streamline service operations, reduce incident response times, and support national connectivity innovation.
