X Blocks EU Ads Account After €120m Fine, Escalating Clash Between Elon Musk and Brussels

X shut down the European Commission’s ad account after a €120M DSA fine, sparking a tense clash over transparency, platform rules, and rising political fallout.
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IBM to acquire Confluent for $11B as it seeks to bolster its data offerings

IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.

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S&P 500 win streak, Berkshire’s leadership changes, Netflix’s regulatory path and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

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Confluent stock soars 29% as IBM announces $11 billion acquisition deal

IBM will pay $31 per share in cash for all of the issued and outstanding common shares of the Confluent.

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Adobe launches content creation hub in Premiere mobile for YouTube Shorts creators

The company says the space is designed to give creators everything they need to produce viral videos, grow their audience, and tap into trends, whether it’s creating day-in-the-life vlogs, travel videos, or behind-the-scenes clips.

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Hinge’s new AI feature helps daters move beyond boring small talk

Hinge launched “Convo Starters,” a feature powered by AI that provides personalized tips for initiating meaningful conversations. 

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Elon Musk’s X bans European Commission from making ads after €120m fine

The EU regulator had fined the social media platform over its “deceptive” blue tick badges.

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OpenAI boasts enterprise win days after internal ‘code red’ on Google threat

ChatGPT Enterprise usage grew 8x year-over-year as workers report saving an hour daily, but OpenAI faces competitive pressure from Anthropic and questions about cost sustainability.

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Apple and Google Alert Users Worldwide After New Spyware Activity Surfaces

Evidence shows that certain people have been targeted by malicious actors, often linked to governments or state-backed groups.
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Gartner Warns of Sharp Slowdown in Automotive AI Investment

According to Gartner, only 5% of automakers will continue expanding AI investments at current levels by 2029, a steep fall from more than 95% today.
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