Trump Revokes California Rail Funding
Meta Executives Face $8 Billion Trial
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Trump Revokes California Rail Funding
President Donald Trump has rescinded $4 billion in federal funding for California’s high-speed rail project, intensifying doubts over the state’s ability to deliver the long-promised bullet train. The U.S. Department of Transportation cited overdue timelines, budget overruns, and unmet federal grant obligations as reasons for the withdrawal.
Meta Executives Face $8 Billion Trial
A Delaware court has begun hearing an $8 billion lawsuit by Meta shareholders against Mark Zuckerberg and top executives, citing repeated privacy violations.
The case centres on claims that they breached a 2012 FTC settlement by allowing user data to be illegally harvested, leading to major fines and regulatory backlash after the Cambridge Analytica scandal.TSMC Posts Record $13.5B Profit
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 60.7% jump in Q2 net profit to $13.5 billion, beating market forecasts driven by surging demand for advanced AI chips. Despite challenges from U.S. tariffs and foreign exchange rates, TSMC delivered its highest quarterly profit, marking six consecutive quarters of growth.
ABB Achieves Record AI Orders
ABB reported its highest-ever quarterly order intake, driven by strong U.S. investments in AI data centre infrastructure. Key contracts include a $600 million project and a major partnership with Applied Digital. Innovative electrification solutions are enabling next-generation, energy-efficient AI data centres worldwide.
Couche-Tard Withdraws Seven & i Bid
Canadian retailer Couche-Tard has scrapped its $47 billion acquisition offer for Japan’s Seven & i Holdings, blaming a lack of constructive engagement from Seven & i’s management. The surprise withdrawal ends a nearly year-long pursuit to create a global convenience store giant.
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Image Source:aboutAmazon SpaceX Launches 24 Kuiper Satellites
SpaceX’s Falcon 9 launched 24 Amazon Project Kuiper satellites from Cape Canaveral on July 16, 2025, at 2:30 a.m. EDT. This third Kuiper mission increases Amazon’s operational broadband satellite total to 78.
Zoho Launches Zia LLM Suite
Zoho unveiled its in-house Zia LLM, 25+ prebuilt AI agents, a no-code agent builder, and an MCP server for third-party agent integration. These tools aim to boost enterprise automation and data privacy by delivering domain-specific intelligence built entirely on Zoho's infrastructure
OpenAI Partners With Google Cloud
OpenAI officially updated its website to include Google Cloud as a key computing partner, diversifying beyond Microsoft Azure. This move supports growing AI model demands by expanding cloud infrastructure across multiple global regions.
Volvo Cars Quarterly Profit Beats Forecasts
Volvo Cars reported a sharp decline in Q2 2025 operating profit due to tariff pressures, but the result exceeded analyst expectations, causing shares to rise. Despite the challenging environment, the quarterly report shows the company is navigating headwinds better than anticipated.
Sensata Unveils Efficient EV Contactor
Sensata Technologies launched a new High Efficiency Contactor (HEC), enabling safe, seamless 400V/800V battery reconfiguration for electric vehicles.
This innovation enhances fast charging, energy management, and supports efficient operation in evolving EV architecturesIDT Expands CRISPR Tool Portfolio
Integrated DNA Technologies unveiled new CRISPR solutions, including the Alt-R HDR Enhancer Protein, Cas9 mRNA, and a gRNA library design tool.
These advancements aim to boost efficiency, safety, and customisation in gene editing research and therapeutic development.Startup Fundings
Faraday Future Secures $105 Million
Faraday Future announced $105 million in new financing to accelerate R&D and production, especially for its FX Super One model. The capital includes $82 million in new commitments and will support launch, scaling, and AI technology development.
Crash Override Secures $28M Seed
Crash Override, a New York startup, raised $28 million in seed funding led by GV and SYN Ventures. The company offers an engineering relationship management platform for automating code and infrastructure tracking to boost team security and efficiency. Top investors include Blackstone Innovations and Bessemer Venture Partners.
Function Secures $10M Seed Round
Function, a New York-based crypto startup, has raised $10 million in seed funding.
Its platform aims to bridge Bitcoin with decentralised finance (DeFi) through new yield-generating products. The round was led by Galaxy Digital, with participation from Antalpha and Mantle.The WebRoundup
Image Source:hubble.com Hubble Network Launches Bluetooth Satellite Service
Space startup Hubble Network unveiled a revolutionary Bluetooth Low Energy (BLE) satellite network enabling IoT devices to connect directly to satellites.
This breakthrough allows real-time, global asset tracking for enterprises with no extra hardware—just existing BLE chips and a software update.ASML Flags Uncertainty For 2026
ASML, the world’s top chip equipment maker, warned it may not achieve revenue growth in 2026 due to rising macroeconomic and geopolitical uncertainty, especially concerning potential tariffs. Despite beating Q2 order expectations, the company’s CEO said it “cannot confirm” growth for next year, sparking an 11% drop in shares and raising industry-wide concerns
Bank of America Enters the Stablecoins Arena
Bank of America is developing its own USD-pegged stablecoin, with CEO Brian Moynihan confirming the project during the latest earnings call. This move places BofA alongside JPMorgan and Citi, as Wall Street positions for expected U.S. crypto regulation and prepares infrastructure for tokenised finance.
Fine Chime
Skull-Crushing Water, Not Beer
Meet Liquid Death: the water that crashed a Metallica concert and stayed for the mosh pit.
This isn’t grandma’s hydration—each can looks like it’s auditioning for a black metal band.
Side effects may include flash mobs of people "murdering their thirst" and accidentally hydrating at a punk show.
Their ads? Imagine children gleefully swearing, rockers blessing water like it’s holy ale, and a CEO who probably owns more leather jackets than neckties.
Buy it for the laugh, stay for the eco-guilt relief—because even your recycling bin wants to stage dive.
Quick Links
Paradigm Shift: Modular Agents to Agency(~3min read)
The study systematically distinguishes classic modular AI agents from the new agentic AI paradigm.
UK EV Subsidy Confusion(~3min read)
Automakers scramble to interpret a new £650 million UK government EV grant—capped at £3,750 per car—causing delays in uptake and concerns over used EV resale values.
Chinese Biotech Stocks Boom(~4min read)
Cancer drug licensing deals are pushing Chinese biotech shares to new highs—Hang Seng Biotech Index up 61% YTD.
ByteDance Beats Meta in AI Ambition(~3min read)
ByteDance is doubling down on frontier AI, launching a "Seed" team targeting general intelligence, while Meta commits hundreds of billions to new data centres.
DeepMind's AlphaGenome Decodes Gene Regulation(~4min read)
DeepMind unveils AlphaGenome, an AI model that predicts gene activity to illuminate gene regulation mechanisms, accelerating drug discovery pathways.