Facebook is back under the microscope for failing to stop the spread of fake news. Sara Fischer, media reporter for AXIOS, joins to explain how the big tech companies are, or are not, addressing the problem.
Fischer explains that Facebook is trying to address the problem by prioritizing local news content over other news sources. However, she wonders if that is enough considering during breaking news, like the school shooting that recently happened, misinformation is still shared.
There are still changes that need to be made. For example, Twitter and Facebook require authentification to cancel an account, but the same is not required to create an account.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
