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Top stories today: - TikTok's challenge to U.S. ban faces skepticism in federal appeals court
- iOS 18 released with significant home screen update
- Sam Altman leaves OpenAI board's safety and security committee
- Trump officially unveils his crypto business World Liberty Financial
- Microsoft launches Copilot Pages for "multiplayer AI collaboration"
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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). |
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 | All times are ET. |
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1. TikTok's challenge to U.S. ban faces skepticism in federal appeals court |
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A 3-judge panel heard 2 hours of arguments in the TikTok lawsuit. "Why is this any different, from a constitutional point of view, than the statute precluding foreign ownership of a broadcasting license?" Judge Douglas Ginsburg asked. National security concerns were raised by the Justice Department lawyer. The law violates free speech, TikTok's lawyer argued. Jan. 19: when the TikTok ban could take place under the divest-or-ban law.
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3. iOS 18 released with significant home screen update |
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The Photos app is redesigned with collections such as Recent Days and Trips |
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Relatedly, iPadOS 18 has been released with a calculator app and Math Notes |
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macOS 15 Sequoia brings iPhone mirroring support |
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4. Sam Altman leaves OpenAI board's safety and security committee |
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Independent board members now make up the entire committee. Altman was earlier criticized for being part of the committee, given he is also the company's CEO. Zico Kolter will chair the safety and security committee. OpenAI's o1 model was recently reviewed by the committee.
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5. Trump officially unveils his crypto business World Liberty Financial ahead of U.S. election |
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7. Microsoft launches Copilot Pages for "multiplayer AI collaboration" |
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Relatedly, Microsoft Office apps are getting additional Copilot AI features |
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Outlook emails can be prioritized by Copilot. Copilot in Excel now leverages Python to do advanced data analysis. PowerPoint has an improved narrative builder to let you quickly create a slide's first draft.
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8. Microsoft announces $60B stock buyback program, raises quarterly dividend 10% |
Microsoft stock +2% in pre-market trading: |
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Nov. 21: when the $0.83/share dividend will be distributed to Microsoft shareholders. The share repurchase agreement replaced the existing $60B buyback program. Microsoft had $75.5B in cash and equivalents as of Jun. 30, per Bloomberg.
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9. Intel to make foundry business independent, partners with Amazon on custom AI chip |
Intel stock +7% in pre-market trading: |
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10. 39% of all M&A deals in 2024 involve startups buying U.S. startups, the highest in a decade |
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252 deals involved startups buying other startups in the U.S. in 2024. 2015–2020: Startup-to-startup deals stayed <30% of all U.S. M&As for startups. In 2023, 35% of all M&As in the U.S. were startup-to-startup deals. AlphaSense-Tegus deal ($930M), LetsGetChecked-Truepill ($525M) among the notable deals this year.
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11. VC environment getting more startup-friendly, but still distant from 2021-2022 period |
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12. Interesting videos, posts, and memes |
 | OpenAI's new models, the MrBeast leak, Waymo ♥'s Uber and more! | E2009 |
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 | How to build a million dollar sales funnel using Facebook Ads |
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 | iOS 18: 18 New Features for Apple's New iPhone Software Update | WSJ |
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13. Other headlines |
AI |
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Tech |
Amazon ends work from home beginning in Jan. 2025, as CEO vows leaner teams. U.S., Japan near deal to curb chip tech exports to China. EssilorLuxottica extends smart glasses partnership with Meta. Apple Watch sleep apnea detection gets FDA approval.
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Tech & law |
Meta bans RT worldwide after U.S. accused Russian outlet of disinformation. Zynga found to have infringed on two IBM patents, ordered to pay $45M. France used tough, untested cybercrime law LOPMI to target Telegram's Durov.
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Biotech |
Neuralink rival Synchron connects brain-computer interface with consumer tech. Bayer, others defeat farmers' chemical price-fixing lawsuit. Exact Sciences demonstrates early colorectal cancer blood test data.
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Business |
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Crypto |
CZ set to be released from prison on Sep. 29. MicroStrategy plans another $700M in convertible note issuance. BIS' tokenization for cross-border payments joined by over 40 firms. BitGo launches token management service for crypto foundations.
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U.S. politics |
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World |
U.S. approves possible military sale to Taiwan of spare parts for ~$228M. Russian national arrested in U.S. for illegal drone tech exports: DOJ. Putin issues decree expanding Russian military by 180K soldiers to 1.5M. Israel cautioned by U.S. against war with Lebanon. Blinken heads back to the Middle East to refine Israel-Hamas proposal. UK PM Starmer says first budget won't undermine growth goal.
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