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Top stories today:
- TikTok deal likely to be signed by Trump Thu.
- Intel said to seek Apple investment in turnaround push
- White House tells agencies to prepare for job cuts in shutdown
- Oracle raises $18B in yearās 2nd-biggest bond sale
- Microsoft integrates Anthropicās Claude into Copilot
- Longevity quest nears $3B milestone but awaits breakthrough
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. TikTok deal likely to be signed by Trump Thu.
ByteDance would hold <20% of the stock of the new company.
Oracle would oversee the U.S. user data.
Meanwhile, Australians are debating whether to use the Trump-backed TikTok or the Chinese-owned version.
2. Intel said to seek Apple investment in turnaround push
Intel shares +6% on Wed.:
Apple and Intel have reportedly discussed working more closely together.
Appleās deal would further validate Intelās turnaround bid.
Apple isnāt likely to switch back to Intel chips for its devices, though.
Apple shares -1% on Wed.
Talks come days after NVIDIAās $5B Intel investment for chip development.
Weād love to see Intel come back,ā Apple CEO Tim Cook recently said.
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4. White House tells agencies to prepare for job cuts in shutdown
Markets are pricing a 76% chance of a U.S. government shutdown in 2025:
