DealBook Newsletter

Highlights

  1. Inside Nvidia’s $500 Billion Wipeout

    The chipmaker’s stock has tumbled in recent days, a reminder that the artificial intelligence stock boom could be tough to sustain.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Jensen Huang of Nvidia has seen the chip maker shrink in value in recent days.
    Jensen Huang of Nvidia has seen the chip maker shrink in value in recent days.
    CreditRitchie B Tongo/EPA, via Shutterstock
  2. Apple’s European Headache

    The iPhone maker is the first U.S. tech giant charged with breaching the European Union’s Digital Markets Act, potentially exposing it to huge fines.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Margrethe Vestager, the European Union’s competition chief, called the bloc’s charges against Apple a “very important” moment for policing market abuses in the digital age.
    Margrethe Vestager, the European Union’s competition chief, called the bloc’s charges against Apple a “very important” moment for policing market abuses in the digital age.
    CreditPool photo by Francisco Seco, Reuters.
    1. Going After the Middleman

      Assistant Attorney General Jonathan Kanter, the Justice Department’s top antitrust official, talked with DealBook about the agency’s focus on middlemen companies and the challenge of A.I.

       By Lauren Hirsch and

      Assistant Attorney General Jonathan Kanter said in a DealBook interview that “our system is premised on the notion that competition yields better outcomes.”
      Assistant Attorney General Jonathan Kanter said in a DealBook interview that “our system is premised on the notion that competition yields better outcomes.”
      CreditJose Luis Magana/Associated Press
    2. How Billionaires Are Reshaping the Presidential Race

      Wealthy donors including Timothy Mellon helped Donald Trump’s campaign out-raise President Biden’s last month, but Democratic supporters are still spending.

       By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

      Donald Trump trailed President Biden in fund-raising for months but has closed the gap.
      Donald Trump trailed President Biden in fund-raising for months but has closed the gap.
      CreditDoug Mills/The New York Times
  1. Inside Elon Musk’s Mission to Win Back Advertisers

    The billionaire met with senior brand executives at the Cannes Lions advertising festival this week, after crudely telling them off last year.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Elon Musk was hoping to persuade advertisers to return to X. Whether he succeeded was unclear.
    CreditGonzalo Fuentes/Reuters
  2. Boeing’s Bumpy Ride Isn’t Over

    Dave Calhoun, the embattled company’s C.E.O., heads to Capitol Hill amid new whistle-blower accusations and questions over succession.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Dave Calhoun, Boeing’s C.E.O., will likely face tough questions from lawmakers on Capitol Hill today.
    CreditJim Lo Scalzo/EPA, via Shutterstock
  3. Is Social Media the New Tobacco?

    Vivek Murthy, the U.S. surgeon general, wants warning labels on the tech platforms, arguing that they are fueling a mental health crisis among teens.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni and

    Vivek Murthy, the U.S. surgeon general, fears that social media addiction is fueling a mental health crisis among teens.
    CreditSusan Walsh/Associated Press
  4. The Business of Being Lorne Michaels

    For 50 years, Michaels has managed both the weekly circus of producing “Saturday Night Live” and the broader task of keeping it relevant. How does he do it?

     By

    Lorne Michaels in Studio 8H during Emma Stone’s monologue on “Saturday Night Live” in December.
    CreditWill Heath/NBC
  5. What Elon Musk’s Convincing Win Means for Tesla

    Investors voted overwhelmingly to reinstate the C.E.O.’s multibillion-dollar compensation package, inextricably tying the car maker’s future to the tech billionaire.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and

    Elon Musk, Tesla’s C.E.O., won major backing from the electric car company’s shareholders.
    CreditFrederic J. Brown/Agence France-Presse — Getty Images
  1. Why Investors Don’t Believe the Fed

    Markets appear to be dismissing the central bank’s more pessimistic take on inflation, as the S&P 500 nears a new high.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni, Benjamin Mullin and

    Jay Powell, the Fed chair, has signaled that investors need to tamp down their hopes for multiple interest rate cuts this year.
    CreditSusan Walsh/Associated Press
  2. Why the Paramount Deal Talks Failed

    After months of negotiations, Shari Redstone walked away from a tie-up with SkyDance. Here’s how a plan to reshape the media conglomerate broke apart.

     By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni and

    What will Shari Redstone do now with Paramount?
    CreditMike Blake/Reuters

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  2. Democratic Donors’ Big Question: What’s Plan B?

    An unsteady debate performance by President Biden has scrambled the thinking among some donors about whether the party needs to find an alternative.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  3. A Debate Cheat Sheet for Business

    Tax policy, inflation, the economy and markets will be some key issues for corporate America and Wall Street in tonight’s showdown between President Biden and Donald Trump.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  4. Why Many C.E.O.s Are Silent on the Biden-Trump Rematch

    The C-suite has been relatively quiet about the presidential election, as executives fear becoming a political target.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  5. Apple’s Go-Slow A.I. Approach

    The tech giant announced a slew of artificial intelligence-focused features, but also signaled it will be patient in rolling out the technology to users.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  6. Can Apple Think Different on A.I.?

    Wall Street and Silicon Valley will be watching the company’s developers conference closely for signs of whether the iPhone maker can finally catch up on artificial intelligence.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch, Ephrat Livni and Vivienne Walt

     
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  8. Donald Trump’s Budding Bromance with Tech Moguls

    A week after his criminal conviction, the former president was in deep-blue San Francisco raising money from some of Silicon Valley’s best-connected entrepreneurs and investors.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  9. Regulators Take on the Giants of A.I.

    The Federal Trade Commission and Justice Department are set to proceed with investigations into the dominance of Nvidia, Microsoft and OpenAI.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  10. Europe’s Fed Problem

    The European Central Bank is widely expected to cut interest rates on Thursday. But how low it can go may ultimately depend on the Federal Reserve.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
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