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• Texas Governor Greg Abbott and Senate candidate Ken Paxton are calling for sweeping new restrictions on AI data centers, breaking from Trump's pro-AI agenda.
• Fed Governor Christopher Waller said he would support holding interest rates steady in September ifInflationdata continues to improve.
• Meta reached a settlement worth up to USD 17 billion with a coalition of more than 40 states over allegations of teenSocial Mediaaddiction.
• Microsoft reported Azure quarterly sales for the first time, disclosing USD 29.4 billion for its most recently ended quarter.
• Netanyahu is pressing far-right coalition partners to merge party lists ahead of Israel's October 27 election.
• Nvidia agreed to acquire AI model platform Hugging Face for approximately USD 13 billion, marking its second-largestAcquisitionon record.
•Brent Cruderose to USD 96.20 a barrel Thursday, briefly breaking USD 97 earlier in the session, after Iran continued strikes on Kuwait.
• PG&E will defer about USD 2 billion in planned 2027 spending and launch a strategic review after a wildfireLiabilitybill failed to reduceUtilityexposure.
• Putin said at an economic forum that there is a chance of reaching a peace agreement, adding that the U.S. and China were ready to support a settlement.
• Revolut received conditional approval from the U.S. Office of the Comptroller of the Currency for a national bank charter.
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