UnitedHealth Group faces a Department of Justice criminal investigation for Medicare fraud, causing its stock to plummet by 46% this year amid leadership changes and financial uncertainty.
Coinbase faces a major security breach where hackers bribed overseas support staff to steal customer data, potentially costing up to $400 million in remediation and reimbursements.
Meta has postponed the release of its flagship Behemoth AI model from June to fall 2025 or later, raising internal concerns about the company's massive AI investments as engineers struggle to significantly improve the model's capabilities.
Tencent reports impressive Q1 2025 results with 13% revenue growth to $25 billion, driven by gaming division's 24% domestic and 23% international growth, while strategic AI investments start showing returns.
Microsoft has announced a significant 3% reduction in its global workforce, affecting approximately 6,000 employees across all levels and divisions, as the company pivots toward AI investments while streamlining management layers.
Nvidia partners with Saudi Arabia's Humain to supply hundreds of thousands of AI chips over five years, starting with 18,000 GB300 Blackwell chips for a 500MW data center, boosting its market cap to $3 trillion.
Coinbase shares surged 24% following the announcement of its inclusion in the S&P 500 index, marking a watershed moment for cryptocurrency's integration into mainstream finance.
Treasury Secretary Scott Bessent successfully negotiated a 90-day tariff reduction with China, slashing US tariffs from 145% to 30% while China cuts from 125% to 10%, marking a significant de-escalation in trade tensions.
