Larry Ellison’s Oracle earnings soared as AI infrastructure heats up, boosting his billionaire status to record levels.
Alex Pretti, a 37-year-old ICU nurse, was shot and killed by federal agents during an altercation in Minneapolis. Video evidence contradicts official claims that he posed a threat, sparking protests and calls for investigation amid political outrage. The incident follows a similar case involving Renee Good earlier this month.
California lawmakers are advancing a bill to expand remote work for state employees, backed by a union and aimed at increasing transparency on cost savings. The bill challenges Governor Newsom's return-to-office mandate, highlighting ongoing debates over remote work, fiscal savings, and political influence in the state.
Paramount Skydance plans to merge HBO Max into a new service, creating a platform with around 200 million subscribers. The move aims to compete with Netflix and Disney, but the deal faces regulatory scrutiny and industry challenges amid a shifting media landscape.
Paramount Skydance has outbid Netflix to acquire Warner Bros. Discovery for $111 billion, pending regulatory approval. The deal aims to combine major studios and streaming platforms, with ongoing concerns over market dominance, regulatory scrutiny, and potential impacts on the entertainment industry. The process faces delays and political considerations, but the deal is expected to close within 6 to 18 months.
As of March 18, 2026, FCC Chair Brendan Carr has escalated warnings to US broadcasters, threatening license revocations over what he calls "hoaxes and news distortions" about the Iran war. These threats follow President Trump's accusations on Truth Social that Western media spread AI-generated falsehoods about the conflict. Critics warn this risks press freedom amid low public support for the war.
The US government is advancing its AI strategy with significant industry backing, including a new $100 million initiative led by the Innovation Council Action, which aims to influence policy and support Trump-aligned efforts. Meanwhile, AI's role in military and ethical debates continues to grow.
Snap has announced it is cutting 1,000 jobs, representing 16% of its workforce, citing rapid AI development. The company aims to reduce costs by over $500 million and improve profitability, with layoffs affecting mainly North American staff. The move follows similar layoffs across the tech sector driven by AI integration.