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Louisiana lawmakers have passed new district maps designed to give Republicans more seats in the U.S. House of Representatives.But to do so, the map would eliminate one of the state’s two majority-black districts, both represented by Democrats.Recommended stories list of 3 itemsend of listIt was approved by the Louisiana Legislature on Friday. This follows the U.S. Supreme Court’s ruling in April that Louisiana’s current map was an illegal racial gerrymander because it was drawn to include two majority-black districts.The decision in Louisiana v. Calais weakened the landmark 1965 federal Voting Rights Act, which was designed to prevent discrimination against minorities…

Samsung Electronics stock rose as much as 6.51% after the company announced that it has started shipping samples of its latest high-bandwidth memory chips to customers around the world. Samsung’s 12-layer HBM4E chip is an industry first, the company says, and can reach speeds of up to 16 Gbit/s with “improved energy efficiency and thermal performance.” High-bandwidth memory chips (Samsung, SK Hynix, and micron Used in advanced artificial intelligence systems. These help processors quickly process large amounts of data required for AI accelerators such as: NvidiaRubin and Google’■ Ironwood Tensor processing unit.Samsung’s 12-layer HBM4E has vertically stacked dynamic random access…

Artificial intelligence has turned out to be much more expensive than anyone expected, and CFOs at major US companies now face a cruel new trade-off: token vs. human.That was the picture the two enterprise AI CEOs at the center of the build described to CNBC this week. Their account of what goes on inside Fortune 500 companies paints a vivid picture of the threat rising costs pose to the AI ​​industry. This is a risk that the market has yet to recognize as it hits record highs and creates new trillion dollar companies like: micron. Arvind Jain, CEO of enterprise…

According to Box founder Aaron Levy, the people who decide that AI will replace your job are also the ones who least understand what your job actually means, pointing to this as an example of “AI psychosis.” In fact, ClickUp recently cut 22% of its AI agent headcount, and tech layoffs in 2026 are already roughly in line with all of 2025, and DuckDuckGo is seeing more installs from users who want Google to stop forcing AI into searches and just provide links. In this episode of TechCrunch’s Equity podcast, Kirsten Kolosek, Anthony Ha, and Sean O’Kane dig into what…

Lombard Odier’s research shows that wealthy Asians want to preserve their wealth across generations, but many still lack basic succession planning.Asia Vision | E+ | Getty ImagesWealthy families in Asia want to preserve their wealth across generations, but many still lack basic succession planning, according to new research from Lombard Odier.In a survey of more than 390 high-net-worth individuals in Asia Pacific with net investable assets of $1 million or more, 64.2% of respondents said preserving family wealth across generations is their top priority when considering wealth transfers.However, only 26.9% said their family had a complete succession plan in place,…

Snowflake CEO Sridhar Ramaswamy will help ring the closing bell at the New York Stock Exchange on September 30, 2025. new york stock exchange”SaaSpocalypse” may not be over yet. But for now, at least, concerns about the software’s demise have subsided. Software stocks soared this week on strong earnings results. snowflake and OctaThis suggests that some companies are weathering the disruption of artificial intelligence better than Wall Street expected. of iShares expands technology software exchange-traded fund It rose 8% this week and ended May with a 21% gain, the ETF’s best monthly performance since October 2001. While it was a…

U.S. President Donald Trump speaks at a Cabinet meeting in the Cabinet Room of the White House in Washington, DC, on May 27, 2026. Evan Vucci | Reuters A U.S. judge on Friday temporarily blocked President Donald Trump’s administration from establishing a nearly $1.8 billion fund to compensate victims of what Trump called the “weaponization” of government.The order by U.S. District Judge Leonie Brinkema in the Eastern District of Virginia blocks the Trump administration from “taking any further action” to establish or administer the fund while the justices hear additional legal arguments. The order will remain in effect until at…

Published May 29, 2026May 29, 2026President Donald Trump’s administration aims to raise the percentage of locally produced ingredients in North American cars eligible for trade incentives under the United States-Mexico-Canada Agreement (USMCA) to 82%, with 50% of that value produced in the United States.The new proposal, first reported by Reuters citing four anonymous sources familiar with the matter, emerged amid USMCA revision negotiations in Mexico City. Canada did not attend the negotiations.Recommended stories list of 4 itemsend of listIf accepted, the change would be a significant change from the current USMCA, which requires that 40% of the “core parts” value…

Groq is focusing on its inference neocloud business, which relies on homegrown AI chips and systems, and is seeking to raise $650 million in new funding from existing investors, sources told Axios. In December, Groq reportedly inked one of its non-acquisition deals with Nvidia for $20 billion, which included the departure of some of Groq’s top senior employees to the chip giant and the licensing of Groq’s hardware technology to Nvidia. The deal is good news for the startup’s investors, and if the deal were an outright acquisition, it would be NVIDIA’s largest acquisition price paid in cash, Axios reported.…

Two pharmaceutical industry employees are seen wearing protective gloves, masks, hats and white suits, standing near machines that are part of pharmaceutical manufacturing during working hours.Extreme Photographer | E+ | Getty ImagesInnovent Biologics shares rose 10% after the company signed a deal with pharmaceutical giant Pfizer to develop oncology drugs. The collaboration includes licensing, co-development and co-commercialization opportunities across a diverse portfolio of antibody-drug conjugates and includes the research and development of 12 breakthrough early-stage and de novo cancer treatments, the company said in its filing. Innovent will share costs with Pfizer to develop four global programs. In addition, the…