Articles from www.bloomberg.com

Articles from www.bloomberg.com

Uber names longtime executive Andrew Macdonald as president and its first COO since 2019; SVP of Delivery Pierre-Dimitri Gore-Coty is leaving after ~13 years (www.bloomberg.com)
2025-6-5 Uber

Wise says it plans to shift main listing from London to New York, the latest blow to London's stock market, and will maintain a secondary listing on the LSE (www.bloomberg.com)
2025-6-5 New York London

23andMe plans to hold a new auction for its DNA data, opening with a $305M bid led by Anne Wojcicki, after the ex-CEO challenged Regeneron's winning bid in May (www.bloomberg.com)
2025-6-5

DoorDash, Uber, and Grubhub agree to settle a 2021 lawsuit against New York City over its pandemic-era 15% cap to commissions and fees charged to restaurants (www.bloomberg.com)
2025-6-5 Uber New York

Meta CTO Andrew Bosworth says the “tides have turned” in Silicon Valley, making it more acceptable for the tech industry to support the US military's efforts (www.bloomberg.com)
2025-6-5

Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund (www.bloomberg.com)
2025-6-5

Source: Circle priced its upsized IPO at $31 per share, above marketed range of $27 to $28, raising nearly $1.1B and valuing the company at approximately $6.9B (www.bloomberg.com)
2025-6-5 IPO

Two FCC commissioners announce they'll depart this week, creating three vacancies on the five-member panel amid a probe into EchoStar's 5G service obligations (www.bloomberg.com)
2025-6-5 5G

Sources: Chinese hackers breached a US telecom company in the summer of 2023, a year before US officials and cybersecurity firms detected the Salt Typhoon hacks (www.bloomberg.com)
2025-6-5 China

Sources: JPMorgan aims to let clients use some crypto-linked assets as collateral for loans in the coming weeks, starting with BlackRock's iShares Bitcoin Trust (www.bloomberg.com)
2025-6-5 Bitcoin JPMorgan Asset

Microsoft says LinkedIn CEO Ryan Roslansky will now manage its Office group, reporting to EVP of Experiences and Devices Rajesh Jha; he will remain LinkedIn CEO (www.bloomberg.com)
2025-6-5 Microsoft LinkedIn

Google says hackers loosely affiliated with the Com in the US, the UK, and Europe breached 20+ companies in the US and Europe to steal Salesforce data (www.bloomberg.com)
2025-6-5 Europe Google Salesforce

Photos and partial footage of an FSD-enabled Tesla sideswiping a parked SUV and hitting a woman in November 2023 show FSD's limits; the NHTSA is investigating (www.bloomberg.com)
2025-6-4 Tesla

GlobalFoundries plans to spend $16B to boost domestic chip production, including $13B for its New York and Vermont plants and $3B for advanced packing research (www.bloomberg.com)
2025-6-4 New York

Photos and partial footage of an FSD-enabled Tesla sideswiping a parked vehicle and hitting a woman in November 2023 shows FSD's limits; the NHTSA is probing it (www.bloomberg.com)
2025-6-4 Tesla

Sources: Thrive and Capital Group visited China to study its AI scene, joining a wave of US investors rekindling interest in China after DeepSeek's advances (www.bloomberg.com)
2025-6-4 China AI

Chinese startup Butterfly Effect's Manus launches text-to-video generation tool in early access for paid users, with plans to roll it out for free to all users (www.bloomberg.com)
2025-6-4 China Startup

NYSE Arca files with the SEC to list a Bitcoin ETF linked to Trump Media and Technology Group, the parent company of Truth Social and Truth.fi (www.bloomberg.com)
2025-6-4 Trump Bitcoin ETF

HPE reports Q2 revenue up 6% YoY to $7.63B, vs. $7.46B est., Server revenue up 6% YoY to $4.1B, and says it expects a reduced impact from tariffs this year (www.bloomberg.com)
2025-6-4

Broadcom begins shipping its Tomahawk 6 data center switch chips, which it says can perform the work of six previous-gen chips to improve GPU utilization rates (www.bloomberg.com)
2025-6-3

Huawei Pura X review: the ~$1,050, China-only clamshell is Huawei's first flagship running HarmonyOS 5, with novel ergonomics and an incomplete app ecosystem (www.bloomberg.com)
2025-6-3 China

Indeed says CEO Chris Hyams is stepping down, replaced by parent Recruit Holdings CEO Hisayuki “Deko” Idekoba, who is returning to the role after six years (www.bloomberg.com)
2025-6-3

Meta agrees to acquire power from Constellation's operating Illinois nuclear plant, in a 20-year deal starting in mid-2027 when a state subsidy expires (www.bloomberg.com)
2025-6-3

Germany's data protection commission fines Vodafone a record €45M due to data privacy violations linked to malicious behavior by third-party sales agents (www.bloomberg.com)
2025-6-3 Germany

TSMC CEO C. C. Wei blames worsening traffic for delays in expanding its new Japan facility, and reaffirms plans to spend $100B in Arizona in the next five years (www.bloomberg.com)
2025-6-3 Japan

Sources: Elon Musk is selling $5B in debt for xAI at a double-digit interest rate, with demand already exceeding $3.5B (www.bloomberg.com)
2025-6-3 Elon Musk Interest Rate

Uber names longtime exec Andrew Macdonald as president and first COO since 2019; SVP of delivery Pierre-Dimitri Gore-Coty is leaving Uber after nearly 13 years (www.bloomberg.com)
2025-6-3 Uber

Germany's Federal Cartel Office warns Amazon that its price controls for marketplace retailers likely violate national and EU laws, in preliminary findings (www.bloomberg.com)
2025-6-2 Germany Amazon

Sources: Samsung and Perplexity in talks about an investment, preloading Perplexity's app on Samsung devices, adding its search to Samsung's browser, and more (www.bloomberg.com)
2025-6-2 Samsung Browser

A profile of prediction market Kalshi, which is using its federal financial license to open up sports gambling across the US, even in states where it is illegal (www.bloomberg.com)
2025-6-2

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