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Amazon Weighs Ending USPS Contract as It Explores Building Its Own Postal Network

Amazon is considering ending its long-term delivery contract with the United States Postal Service and building its own nationwide shipping network, according to a report by The Washington Post, as…

Apple Announces Retirement of General Counsel Kate Adams and Policy Chief Lisa Jackson

Apple has confirmed the retirement of two senior executives, general counsel Kate Adams and vice president for Environment, Policy, and Social Initiatives Lisa Jackson, extending a series of leadership changes…

Chicago Tribune Files Copyright Lawsuit Against AI Search Engine Perplexity

The Chicago Tribune has filed a federal lawsuit against AI search company Perplexity, alleging that the platform reproduces its copyrighted journalism without permission, including through verbatim output and the use…

IndiGo Cancels Over 300 Flights Across India Amid Crew and Operational Disruptions

India’s largest airline, IndiGo, has cancelled more than 300 flights since Tuesday, disrupting travel across several of the country’s busiest airports and stranding thousands of passengers nationwide. Major airports report…

MrBeast Executives Discuss Possible Public Listing and Fan Ownership at DealBook Summit

Executives at Beast Industries, the company behind YouTube creator MrBeast, said they are considering a future public listing as a way to give viewers a chance to become shareholders, following…

Meta Hires Apple Design Veteran Alan Dye to Lead New Reality Labs Creative Studio

Meta has recruited Alan Dye, the Apple executive who led the company’s user interface design for the past decade, to head a newly formed creative studio within its Reality Labs…

Brevo Raises €500M in Equity Funding and Reaches Unicorn Status

Paris-based customer relationship management company Brevo has raised €500 million ($583 million) in new equity funding, pushing its valuation above $1 billion and marking its entry into the ranks of…

Nothing Opens $5M Community Share Sale and Targets IPO Readiness Within Three Years

Consumer electronics maker Nothing has announced a $5 million community investment round that will allow its users to buy company shares at its Series C valuation of $1.3 billion, as…

Prada Acquires Versace for $1.38bn in Deal Valued Below 2018 Purchase Price

Prada has acquired Italian luxury fashion house Versace for $1.38bn (£1.04bn), bringing the two historic design brands under common ownership at a price significantly lower than what Versace’s former parent…

US Appeals Court Rejects Investor Claims Against Adidas Over Kanye West Partnership

A US appeals court has sided with Adidas in a lawsuit brought by shareholders who claimed the company misled investors about risks tied to its collaboration with Kanye West before…

Discord Enables In-Platform Purchases of Game Items Ahead of Possible IPO

Discord has introduced new commerce features that allow users to buy digital in-game items directly within the platform, a move that coincides with preparations for a potential initial public offering…

Valentino Faces Backlash After Posting AI-Generated Ads for DeVain Handbag

Italian luxury fashion house Valentino is facing criticism after publishing artificial intelligence-generated adverts for its DeVain handbag, with social media users describing the campaign visuals and use of AI as…

San Francisco Files Lawsuit Against Major Food Companies Over Ultra-Processed Products

San Francisco has sued ten major food and beverage companies, accusing them of knowingly producing and marketing ultra-processed foods that the city says are linked to rising rates of serious…

Michael Jordan and Team Owners Take NASCAR to Trial Over Monopoly Claims

Michael Jordan has taken NASCAR to court, accusing the motorsports organizer of operating an illegal monopoly that he and other team owners say has suppressed competition and caused major financial…

Airbus Inspects A320 Aircraft After Supplier Panel Quality Issue Identified

Airbus has begun inspecting a limited number of A320 aircraft after identifying a supplier quality issue involving metal panels, with up to around 600 planes potentially affected, according to the…

Apple Names New AI Chief After Internal Struggles

In a carefully worded announcement on Monday, Apple said John Giannandrea, who has been the company’s AI chief since 2018, is “stepping down” and will exit after an advisory period…

Shopify Fixes Cyber Monday Outage Affecting Merchant Logins

Earlier today, Shopify faced a major outage that disrupted the operations of numerous merchants, leaving many unable to fulfill transactions during one of the busiest shopping days of the year.…

OpenAI Takes Stake in Thrive Holdings as Circular Deal Concerns Grow

A New Stake in an AI-Focused Holding CompanyOpenAI is taking an ownership stake in Thrive Holdings, an operator that functions like a private equity platform for AI by acquiring companies…

Nvidia Invests $2B in Synopsys to Accelerate GPU-Driven Chip Design

Investment Deepens Existing PartnershipNvidia is investing $2 billion into Synopsys, a leading provider of software and components used in chip design. The move expands their long-running collaboration at a time…

Black Forest Labs Secures $300 Million Funding at $3.25 Billion Valuation

New Funding Round Boosts the German AI Lab’s MomentumGerman AI startup Black Forest Labs announced on Monday that it has raised $300 million in a Series B round, bringing the…