lakshmiprasad S California is moving ahead with a measure that would ban children under the age of 16 from social media platforms such as TikTok ( TIKTOK ), Instagram ( META ), and Snapchat ( SNAP ). The bill targets social media platforms with "addictive features" like algorithmic content recommendation, endless scrolls, autoplay, and notifications. If the bill is passed, social media apps would ...
lakshmiprasad S California is moving ahead with a measure that would ban children under the age of 16 from social media platforms such as TikTok ( TIKTOK ), Instagram ( META ), and Snapchat ( SNAP ). The bill targets social media platforms with "addictive features" like algorithmic content recommendation, endless scrolls, autoplay, and notifications. If the bill is passed, social media apps would be required to verify the ages of users and delete accounts of children under 16. Companies that don't comply will be subject to civil penalties of up to $50,000 per affected minor for a knowing violation and up to $25,000 per affected minor for a negligent violation. "A substantial and growing body of research shows that children under 16 are especially vulnerable to addictive digital environments, given that their brains have not yet developed the executive functioning skills necessary for impulse control or emotional regulation and long-term decision-making," State Assemblymember Josh Lowenthal (D-Long Beach), who introduced the bill, said this week. The bill , which cleared two committees this month, is on track for a full Assembly vote next month. Governor Gavin Newsom has signaled his support for the bill. Earlier this month, the Massachusetts House of Representatives approved legislation that would ban under-14s from using social media, while kids aged 14 and 15 would need parental consent. The bill needs to clear the state Senate before heading to Governor Maura Healey's desk. Florida passed a ban on children under 14 from creating social media accounts, although this move has faced legal challenges. More on kids' online safety Australia orders Roblox, Minecraft to explain their child safety measures Greece to ban social media for kids under 15 from 2027 Australia weighs legal action against Meta, Snapchat over teen ban breaches Jury finds Meta, Google liable for social media addiction in young woman
Obe Ejikeme, global equities fund manager at Carmignac, discusses cyclicals and the sentiment-driven rally of the past few months. "If you get this big disconnect between what the market is doing, or what the underlying potential macro risks are, then I think the chance of seeing an equity market unwind, or at least a reversal of some of these riskier trades, is quite high," he tells Bloomberg Tel...
Obe Ejikeme, global equities fund manager at Carmignac, discusses cyclicals and the sentiment-driven rally of the past few months. "If you get this big disconnect between what the market is doing, or what the underlying potential macro risks are, then I think the chance of seeing an equity market unwind, or at least a reversal of some of these riskier trades, is quite high," he tells Bloomberg Television. (Source: Bloomberg)
Eoptolink Technology Inc. , a Chinese maker of optical transceivers, has picked banks for a listing in Hong Kong that could raise about $3 billion, according to people familiar with the matter. The Chengdu-based company is working with Citic Securities Co. and JPMorgan Chase & Co. on the potential share sale, the people said, asking not to be identified discussing confidential information. Deliber...
Eoptolink Technology Inc. , a Chinese maker of optical transceivers, has picked banks for a listing in Hong Kong that could raise about $3 billion, according to people familiar with the matter. The Chengdu-based company is working with Citic Securities Co. and JPMorgan Chase & Co. on the potential share sale, the people said, asking not to be identified discussing confidential information. Deliberations are ongoing and the deal size may change, they said. Eoptolink didn’t respond to requests for comment. Citic and JPMorgan declined to comment. Read More: AI Boom Sparks Rush Into Chinese Optical Stocks as Top Trade Eoptolink already trades in Shenzhen, where its shares have surged in the past year, giving it a market capitalization of $78 billion. The rally — similar to gains by other Chinese companies making optical transceivers — has been driven by rising demand for artificial intelligence computing power. Data centers need optical transceivers to link thousands of advanced chips known as graphics processing units, or GPUs, in AI clusters. The buyers of the transceivers are some of the world’s biggest technology companies like Alphabet Inc. and Amazon.com Inc., which plan to spend hundreds of billions of dollars building data centers. Read More: AI Boom Powers Triple-Digit Gains in China’s Hardware Stocks Eoptolink’s competitors are also pursuing second listings in Hong Kong. Zhongji Innolight Co. — the world’s largest maker of optical transceivers — has filed confidentially for what could be one of the city’s biggest share sales this year, while Suzhou TFC Optical Communication Co. also filed earlier this month. International Financing Review reported last week that Eoptolink was planning a $3 billion Hong Kong listing. Eoptolink on Thursday reported record annual profit and a surge in first-quarter earnings. Still, on a sequential basis, quarterly revenue was flat and net income dipped, missing expectations, Bloomberg Intelligence analyst Sean Chen wrote . Eoptol...
Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Ellads Novartis ( NVS ) Friday announced that the World Health Organization has prequalified Coartem® (artemether-lumefantrine) Baby, the first and only antimalarial developed specifically for newborns and young infants weighing from 2 to 5 kilograms. The decision is a key step towards enabling widespread access through public sector procurement. Coartem Baby is also known as Riamet® Baby in some ...
Ellads Novartis ( NVS ) Friday announced that the World Health Organization has prequalified Coartem® (artemether-lumefantrine) Baby, the first and only antimalarial developed specifically for newborns and young infants weighing from 2 to 5 kilograms. The decision is a key step towards enabling widespread access through public sector procurement. Coartem Baby is also known as Riamet® Baby in some countries and was developed in collaboration with Medicines for Malaria Venture, the company said. “This new formulation of artemether-lumefantrine represents an innovation as there are no antimalarial medicines specifically developed for the treatment of uncomplicated malaria in children from 2 to 5 kilograms body weight,” said Dr Daniel Ngamije Madandi, Director, Malaria and Neglected Tropical Diseases at the WHO. Prequalification is a process run by the WHO to assess the quality, safety and efficacy of treatments for diseases like malaria, HIV/AIDS, and tuberculosis. Novartis ( NVS ) is making the treatment available on largely not-for-profit basis in malaria-endemic regions, the statement said. More on Novartis Novartis: Buy Thesis Fades Into Q1 2026 Results (Rating Downgrade) Novartis Promises Growth Despite 'Historic' Patent Cliffs - I Broadly Agree Novartis: Synnovation Deal And 8% Full-Year 2025 Sales Growth Anthropic adds Novartis CEO Narasimhan to board of directors Novartis broadens global community health initiatives, aiming to reach over 30 countries by 2030
(RTTNews) - J Sainsbury plc (SBRY.L, JSAIY.PK), a British supermarket chain, on Friday announced that it has commenced a share buyback programme of up to 300 million pounds, which is to be completed by February 27, 2027.
(RTTNews) - J Sainsbury plc (SBRY.L, JSAIY.PK), a British supermarket chain, on Friday announced that it has commenced a share buyback programme of up to 300 million pounds, which is to be completed by February 27, 2027.
Nearmap/DigitalVision via Getty Images Thesis Again, my bull case for Planet Labs ( PL ) really hinges on them successfully making the jump from a data provider to a real-time geospatial intelligence platform. The progress we’re seeing is huge and is also starting to convert into some very strong stock momentum, with shares now trading near the $40 mark. I think if the Pelican constellation, espec...
Nearmap/DigitalVision via Getty Images Thesis Again, my bull case for Planet Labs ( PL ) really hinges on them successfully making the jump from a data provider to a real-time geospatial intelligence platform. The progress we’re seeing is huge and is also starting to convert into some very strong stock momentum, with shares now trading near the $40 mark. I think if the Pelican constellation, especially assets like the Pelican-4, can scale AI-powered, in-orbit analytics, then Planet is in a very good position to materially increase the value of each image sold. What they want to deliver is not just raw data but rather actionable insights as fast as possible. That shift should open the door to higher-margin, recurring revenue streams, particularly from government/defence clients, which is where we are seeing a lot of the recent tailwinds. On top of that, we have an excellent combination of high revisit rates, improved resolution, and now onboard AI, via hardware like Nvidia Jetson Orin. This sets up Planet to build something closer to a global monitoring network than a traditional satellite business. I think if execution holds, this could drive a lot of strong operating leverage over time, with software-like economics layered on top of their already fixed satellite infrastructure. In my previous coverage , I went over Planet's last earnings and its path to profitability. Back then, shares were trading in the $33 range, and the valuation profile was appearing very stretched. However, shares have run up another 17% since then, and the space intelligence industry is seeing some very favourable tailwinds with geopolitical tensions rising. Seeking Alpha Redemption of public warrants We recently saw Planet announce the redemption of some public warrants . Now, what Planet is essentially doing here is forcing the conversion or expiration of its remaining public warrants. They gave holders the right to buy shares at a fixed price of about $11.50. And since the stock has been ...
Stocks looked set to rise on Friday as solid tech earnings helped reassure investors who were questioning whether the market could keep its recent rally going. The three major indexes all fell on Thursday as tensions flared up in the Strait of Hormuz and International Business Machines and ServiceNow both reported unspectacular earnings, sparking another selloff in software stocks. Oil prices were...
Stocks looked set to rise on Friday as solid tech earnings helped reassure investors who were questioning whether the market could keep its recent rally going. The three major indexes all fell on Thursday as tensions flared up in the Strait of Hormuz and International Business Machines and ServiceNow both reported unspectacular earnings, sparking another selloff in software stocks. Oil prices were barely moving on Friday as President Donald Trump said the cease-fire between Israel and Lebanon would extend another three weeks.