US Pulls TSMC China Waiver, Tech Stocks Fall

Bloomberg’s Caroline Hyde and Ed Ludlow break down Amazon and Google being probed by the US FTC over their search advertising practices and OpenAI's for-profit restructuring. Plus, he leader of Tesla’s board says no one other than Elon Musk is capable of running the company as it expands beyond electric vehicles into artificial intelligence and robotics. See omnystudio.com/listener for privacy information.

Bloomberg’s Caroline Hyde and Ed Ludlow break down market sentiment around Apple as some analysts downgrade the stock. Plus, Mike Cagney, co-founder and Executive Chairman of blockchain-based lender Figure talks about the opportunity the company’s IPO created for retail investors. And Box CEO Aaron Levie discusses the company’s new AI tools unveiled at the company’s developers conference.See omnystudio.com/listener for privacy information.

Bloomberg’s Ed Ludlow discusses Oracle’s AI outlook that sent its shares up over 40%, making co-founder Larry Ellison the world’s richest man. Plus Klarna CEO Sebastian Siemiatkowski discusses what’s next for the company as shares begin to sell on the public market in an oversubscribed IPO. And, Bloomberg’s Caroline Hyde sits down with investors at the Primary Summit in New York to discuss everything from AI and tech to sports investing.See omnystudio.com/listener for privacy information.

Caroline Hyde in New York and Ed Ludlow in Cupertino, California break down Apple's biggest product launch event of the year. Analysts join live from Apple Park to discuss details of the company's iPhone 17 and other new devices. And in other news: Microsoft and Europe's Nebius strike a massive infrastructure deal worth as much as $19.4 billion.See omnystudio.com/listener for privacy information.

Bloomberg’s Caroline Hyde and Ed Ludlow discuss SpaceX’s plan to buy wireless spectrum from EchoStar for about $17 billion. Plus, Cognition AI CEO Scott Wu discusses the company’s new $10.2 billion valuation in a roughly $400 million funding round. And Shane Goodwin, an adviser to Tesla’s special committee, discusses the proposed $1 trillion pay package for Elon Musk.See omnystudio.com/listener for privacy information.

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the unprecedented $1 trillion pay package that Elon Musk could receive from Tesla. Plus, Tesla shareholders are also set to vote on whether the electric vehicle makers should buy more shares in Musk’s AI startup, xAI. And Qualcomm CEO Cristiano Amon discusses the company’s new automated driver assistance platform rolling out in new BMW iX3 cars.See omnystudio.com/listener for privacy information.

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the sell-off of Salesforce shares following a lackluster topline growth forecast that suggests AI isn't paying off just yet. Plus Apple plans to launch an AI-powered web search tool for Siri to rival OpenAI. And HPE CEO Antonio Neri discusses the company’s earnings, Juniper Networks acquisition and partnership with Nvidia.See omnystudio.com/listener for privacy information.

Bloomberg’s Caroline Hyde and Ed Ludlow examine the remedies ruling in Google’s antitrust case that allows the company to retain its Chrome browser. Plus, Apple loses another top AI researcher to Meta. And Rolls-Royce CFO Helen McCabe discusses the growth of the company’s small modular nuclear reactors business.See omnystudio.com/listener for privacy information.

Alphabet’s Google will have to share some of its search data with competitors, but will not have to sell its popular Chrome web browser, a federal judge ruled Tuesday in the Justice Department’s landmark antitrust case against the search engine. The ruling allows Google to avoid one of the most severe remedy requests from the US government after the court found the company had an illegal monopoly in the search market. Judge Amit Mehta did bar Google from entering into exclusive contracts for internet search.The finding follows Mehta’s ruling last year that Google illegally monopolized the markets for online search and search advertisements. Mehta held a three-week hearing in April to determine a fix.The order is one of the most monumental court decisions affecting the tech sector in more than a quarter century, and could offer a blueprint for other judges who may end up weighing similar choices in cases against Meta Platforms, Amazon and Apple.For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Bloomberg Intelligence Global Head of Technology Research Mandeep Singh and Bloomberg News Senior Executive Editor for Global Tech Tom Giles See omnystudio.com/listener for privacy information.

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the impact of the US revoking TSMC’s authorization to freely ship essential chipmaking gear to its main Chinese base. Plus all the Magnificent 7 names tumble, as Nvidia shares fall for a fourth straight day. And the CEO of Crypto.com discusses the company’s latest deal with Trump Media.See omnystudio.com/listener for privacy information.