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Meta reaches $18 billion settlement, rising measles cases in the U.S.
Watch the full episode here.
Historic Meta Settlement Mandates Safer Social Media For Youth
Following a landmark agreement in the United States on Wednesday, social media giant Meta agreed to pay up to $18 billion to US states. This historic
Forbes Daily: Nvidia Beats Expectations As Data Center Business Grows
Today’s Forbes Daily covers an AI personal assistant, Meta's $18 billion settlement, FDA approves pancreatic cancer drug, Abercrombie and Fitch's market surge and more.
Meta to restrict teen social media use under $18 billion settlement
The settlement stems from a lawsuit brought by attorneys general from across the country, including New York.
Meta's $18 billion lawsuit changes the future of social media
The historic settlement may change the future of social media. It may mean little for the teens at the heart of the lawsuit.
The tariff math turns negative as refunds outpace revenue
The Trump administration’s tariff policy has resulted in substantial refunds and continued uncertainty about tariff revenue, Fortune reports. In May 2026, the Treasury refunded approximately $21.97 billion in tariffs while collecting about $21.93 billion. In June, refunds increased to $49.18 billion compared with $23.63 billion in new tariff collections, resulting in negative net customs revenue […]
Acquisition of Caesars takes a step forward as Fertitta Entertainment execs approved
Two leaders of Tilman Fertitta’s company received unanimous approvals from Nevada regulators on Wednesday, a step forward in acquiring Caesars Entertainment in a nearly $18 billion transactio…
South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand
South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand.
Meaningful Outcomes Determine the Winners of the Health AI Race
Global investment in healthcare AI exceeded $18 billion in 2025, yet health systems still lack a shared understanding of the outcomes that investment should deliver. This paper argues that success in the health AI race will be determined not by technological sophistication but by which systems first identify and pursue the outcomes that matter most to patients, professionals and health systems. Without a shared language for defining and measuring what healthcare AI should deliver, systems risk optimizing for what is easiest to count rather than what matters most. This paper provides a framework for ensuring AI investment translates into real value for healthcare systems and the populations they serve.
Barry Diller’s People Inc. Plans a Takeover Bid for MGM Resorts
The mogul’s People Inc. is preparing an offer to buy the portion of the casino giant that it doesn’t already own, at an $18 billion valuation.
What’s Behind Tilman Fertitta’s $18 Billion Bet On Caesars Entertainment
Despite challenges from prediction markets, Ozempic and rising costs, the restaurateur owner of the Houston Rockets seeks to add 50 locations, and a mountain of debt, to his existing empire.
Casino experts react to Fertitta buying Caesars Entertainment
Fertitta Entertainment’s nearly $18 billion acquisition of Caesars Entertainment has casino experts speculating what changes will come to the Las Vegas Strip. W
Casino experts react to Fertitta buying Caesars Entertainment
Fertitta Entertainment’s nearly $18 billion acquisition of Caesars Entertainment has casino experts speculating what changes will come to the Las Vegas Strip.
Fertitta acquires Caesars Entertainment in nearly $18B deal
Caesars Entertainment announced Thursday it would be acquired by Fertitta Entertainment in a deal worth almost $18 billion, including around $11.9 billion in assumed debt.
Fertitta-Owned Firm to Buy Caesars Entertainment in Nearly $18 Billion Leisure Push
May 28 (Reuters) - Caesars Entertainment said on Thursday it will be bought out by Tilman Fertitta-owned firm in a $17.6 billion deal, as the hospitality billionaire looks to expand his leisure empire. The deal, which will take one of the Las Vegas Strip's most prized casino operators private,
The Case for Pull Funding at the National Institutes of Health
The White House’s fiscal year 2027 budget proposal, released earlier this month, would cut the National Institutes of Health (NIH) funding by ~$5 billion. This is a meaningful cut, though far smaller than the roughly $18 billion reduction proposed for 2026, which Congress ultimately rejected in favor of a modest increase. Whether Congress holds the line again remains uncertain.
Coatue Projected $1.995 Trillion Valuation for Anthropic in 2030
In a presentation to prospective investors in January, Coatue offered a rare look at how it justifies Anthropic’s heady valuations. An anonymous source sent me the slides, which give a unique look at how a top investment firm values Anthropic’s business. This is a moment in time when some of America’s most valuable, growing technology companies remain private. In the January presentation, Coatue estimated that Anthropic would lose $14 billion in EBITDA on $18 billion in revenue in 2026, ending the year with $30 billion in annualized run-rate revenue. Most recently, it’s been reported that Anthropic is at $19 billion in ARR, which could suggest Anthropic is already running ahead of Coatue’s expectations. By 2031, Coatue projected that Anthropic would be generating $48 billion in EBITDA profits on $200 billion in revenue, with $224 billion of ARR. That would give Anthropic a 41x forward EBITDA multiple at a projected $1.995 trillion valuation in 2030. Coatue told the investors it was pitching that Anthropic could be worth $2.413 trillion in 2031. In February, Coatue co-led a $30 billion Series G investment in Anthropic that valued it at $380 billion. Coatue declined to comment on this story. I first shared this slide and talked about the presentation on my new podcast, the Cerebral Valley Show, which I host with my CVAI co-hosts Max Child and James Wilsterman. I’ve got a few other slides from the Coatue presentation for Newcomer subscribers.
'Dhurandhar' Powers India's Record $2.18 Billion 2025
'Dhurandhar' headlines a record $2.18 billion film year as India's M&E sector grows 9% to $29.63 billion in 2025, per the annual FICCI-EY report.
PPL Corporation reports 2025 earnings results; provides business plan update through 2029, extending EPS growth targets
PPL Corporation (NYSE: PPL) today announced 2025 reported earnings (GAAP) of $1.18 billion, or $1.59 per share, compared with 2024 reported earnings of $888 million, or $1.20 per share.
Minnesota Democrats demand reparations from ICE after losing $18 billion to Somali fraud
Minnesota Democrats seek federal reparations after ICE operations while allegedly ignoring $18 billion in fraud losses to taxpayers from social programs.
Fincantieri predicts strong growth despite ding to US warship business
By 2035, revenue will double, reaching €18 billion, the firm said.
Fincantieri predicts strong growth despite ding to US warship business
By 2035, revenue will double, reaching €18 billion, the firm said.
Trump targets Minnesota fraud allegations, says ‘we’re going to get to the bottom of it’
Trump rails against alleged $18 billion social services fraud in Minnesota, calling it a 'giant scam' during Mar-a-Lago remarks on New Year's Eve.