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App store age verification, THC's impact, new energy drink: Catch up on the day's stories

App store age verification, THC's impact, new energy drink: Catch up on the day's stories

Yahooa day ago

👋 Welcome to 5 Things PM! Awe is an 'emotional superfood' that calms the mind, sparks curiosity and creates connection. A child development specialist explains how the emotion benefits teens and how parents can foster it.
Here's what else you might have missed during your busy day:
1️⃣ Safety first: Texas is the latest state to pass a law requiring Google and Apple to verify app store users' ages. It's part of a broader push to better protect kids online, but critics say the verification rules could pose privacy risks and be difficult to enforce.
2️⃣ Sweaty months ahead: In the summertime, Athens is Europe's hottest destination — in terms of temperature and popularity. The city is expected to host a record 10 million visitors this year, which could strain efforts to protect unprepared tourists from the heat and to support locals facing inflation and infrastructure pressure.
3️⃣ Blunt facts: Using THC-laced edibles and smoking marijuana are both linked to early signs of cardiovascular disease, a new study found. A senior author says it's the first to look at the impact the drug has on vascular function in humans.
4️⃣ Fighting back: US and European authorities just announced major progress in countering cybercrime. The US Justice Department seized the computer system hackers allegedly used to access Lumma, a software tool they are accused of applying to attack airlines, universities, banks, hospitals and state governments.
5️⃣ Something's brewing: Beer sales have been declining for the past several years, so what does Anheuser-Busch do? Hop into the energy drink market by teaming up with controversial UFC boss Dana White.
🐝 Buzzworthy: Starting today, 243 students will compete in the Scripps National Spelling Bee under new rules for the lightning-round tiebreaker. CNN spoke with Faizan Zaki, who came in second place last year after time ran out during the round.
• Trump was just asked about the 'TACO trade' for the first time. He called it the 'nastiest question'• Trump says he'll give it two weeks to determine if Putin is serious about Ukraine peace• Nick Kroll 'produced' John Mulaney's intervention because he was 'deeply scared' Mulaney was going to die
📱 That's how much a financial expert predicts an iPhone could cost if it were manufactured in the US due to tariffs.
🧸 Doll brawl: Distributor Pop Mart has halted sales of Labubus — a palm-sized plush toy with sharp teeth — in all its UK stores after reports of long lines, crowd surges and fights.
⚽ 17-year-old superstar: After having a historic 2024 season, Lamine Yamal signed a contract extension with FC Barcelona until the end of the 2030–31 season. According to Spanish media, the teenager is set to become one of the club's highest earners.
💸 A Texas woman is suing the state for not awarding her $83.5 million that she won from a lottery ticket. Why hasn't she been paid? A. She is a convicted felonB. She has unpaid speeding ticketsC. She bought the ticket on an appD. She moved out of state⬇️ Scroll down for the answer.
🫶 Touch over tech: Technology is impacting the interactions between patients and doctors, but to Abraham Verghese — Harvard's commencement speaker this week — the most important innovation in medicine is 'the power of the human hand to touch, to comfort, to diagnose, and to bring about treatment.'
👋 We'll see you tomorrow. 🧠 Quiz answer: C. The woman bought the ticket on the app Jackpocket, a lottery courier service, in February but Texas banned the service this month.📧 Check out all of CNN's newsletters.
5 Things PM is produced by CNN's Chris Good, Meghan Pryce, Kimberly Richardson and Daniel Wine.

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Nvidia shares rise on strong Q1 earnings, despite export control headwinds
Nvidia shares rise on strong Q1 earnings, despite export control headwinds

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Nvidia shares rise on strong Q1 earnings, despite export control headwinds

Tech giant Nvidia reported its first-quarter earnings on Wednesday, beating analysts' expectations, though it projected second-quarter sales below estimates amid tightening export controls to China that cover some of its AI chips. Nvidia, a leader in the artificial intelligence (AI) space, saw shares rise 3% in after-hours trading following the announcement. The earnings report showed that first-quarter net income was up 26% from a year ago at nearly $19 billion, with revenue rising to $44 billion, up 69% from last year. The company's revenue from data centers was $39 billion in the first quarter – up 10% from the previous quarter and 73% from last year. Nvidia is also building factories in the U.S. and working to produce AI supercomputers in the U.S. with its partners. "Our breakthrough Blackwell NVL72 AI supercomputer – a 'thinking machine' designed for reasoning – is now in full-scale production across system makers and cloud service providers," said Nvidia CEO Jensen Huang. Ai Chipmaker Nvidia To Invest Billions In Us Amid Trump Onshoring Push: Ceo "Global demand for Nvidia's AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate," he continued. Read On The Fox Business App "Countries around the world are recognizing AI as essential infrastructure – just like electricity and the internet – and Nvidia stands at the center of this profound transformation," Huang added. Nvidia's earnings release noted that on April 9, the company was informed by the U.S. government that it will require a license to export its H20 products to China, which caused the company to incur a charge of several billion dollars in the quarter. How Nvidia Became The King Chipmaker, From A Denny's To $2.3T Market Cap The U.S. has, in recent years, imposed increasingly stringent export controls on China that apply to the most advanced AI chips, as a means of denying a geopolitical adversary access to cutting-edge technology in a competitive sector of the economy. "As a result of these new requirements, Nvidia incurred a $4.5 billion charge in the first quarter of fiscal 2026 associated with H20 excess inventory and purchase obligations as the demand for H20 diminished," the company said. "Sales of H20 products were $4.6 billion for the first quarter of fiscal 2026 prior to the new export licensing requirements. Nvidia was unable to ship an additional $2.5 billion of H20 revenue in the first quarter." Nvidia added it expects to miss $8 billion in sales in the second quarter due to the export restrictions. Reuters contributed to this article source: Nvidia shares rise on strong Q1 earnings, despite export control headwinds Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Nippon Steel to Invest $6 Billion to Cut Carbon Emissions
Nippon Steel to Invest $6 Billion to Cut Carbon Emissions

Wall Street Journal

time15 minutes ago

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Nippon Steel to Invest $6 Billion to Cut Carbon Emissions

Nippon Steel 5401 0.68%increase; green up pointing triangle plans to invest $6 billion to increase production of steel using electric arc furnaces in a bid to reduce carbon emissions. The Japanese steelmaker said Friday that it would invest 868.7 billion yen, equivalent to $6.02 billion, to establish three electric furnaces in Japan and that it expects the Japanese government to provide up to ¥251.4 billion in support. Nippon Steel said the investment will increase production capacity by about 2.9 million tons a year, with operations scheduled to commence by the fiscal year starting April 2029. The company said the conversion to electric arc furnaces from blast furnaces for steelmaking will significantly reduce CO2 emissions. Electric arc furnaces melt steel scrap to make new steel products, while in a conventional blast furnace, coke made from coal is used for smelting iron ore. The conversion to electric arc furnaces, though, will require substantial capital investment and lead to higher costs of raw materials and electricity, the company said. Nippon Steel recently received conditional approval from President Trump to take control of U.S. Steel under what he described as a partnership. Trump's announcement last week signaled that the Tokyo-based company could eventually enter the American steel market and make the big investments envisioned when it reached a $14.1 billion deal to take over U.S. Steel. Write to Kosaku Narioka at

The 7 pieces of the House megabill that could succumb to Senate rules
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Politico

time15 minutes ago

  • Politico

The 7 pieces of the House megabill that could succumb to Senate rules

Pet policy measures stuffed into President Donald Trump's 'big, beautiful bill' by House Republicans are now at risk of getting jettisoned by the Senate. From Planned Parenthood to gun silencers to expedited energy permits, Speaker Mike Johnson and committee chairs tucked various provisions into the recently passed megabill to secure votes — and deliver some elusive GOP wins. But several are considered likely to run afoul of strict Senate rules governing reconciliation — the budget process Republicans are using to skirt a Democratic filibuster. Under what's known as the Byrd rule, 'extraneous' measures that have only a negligible impact on the budget, or none at all, have to go. Senate Republicans are expected to closely follow the guidance of parliamentarian Elizabeth MacDonough as they embark on the 'Byrd bath' in the coming weeks, with noncompliant provisions sometimes referred to as, yes, 'Byrd droppings.' Here are some of the biggest areas to watch for a big Byrd mess: The most consequential item subject to Byrd review is the GOP's proposal to use a controversial accounting tactic to essentially zero out the cost of extending Trump's 2017 tax cuts. Republicans temporarily sidestepped getting a formal blessing of the 'current policy baseline' method from MacDonough as part of the budget resolution debate earlier this year, but Senate GOP staff have met with her several times this year on how to try to craft the megabill, two people with knowledge of the discussions said. Other tax provisions are also at risk, though Senate Finance Chair Mike Crapo (R-Idaho) has worked with House Ways and Means Chair Jason Smith (R-Mo.) to fine-tune some of the House text in anticipation of Byrd challenges. The House megabill includes a 10-year ban on states enforcing regulations on artificial intelligence. While there has been no official budgetary score for the provision, Senate Commerce Chair Ted Cruz (R-Texas) has acknowledged the provision will be challenged for a Byrd violation. During a marathon House Energy and Commerce Committee markup earlier this month, panel staff called the provision a 'policy change,' which could be detrimental to Republicans' case that it can be included under Senate rules. GOP aides argue it's necessary to carry out a $500 million upgrade of technology at the Commerce Department but Sen. Kevin Cramer (R-N.D.) said it didn't seem to pass the budget-impact smell test. 'That sounds awfully policy-centric in my mind,' he said. Senate Democrats are planning to challenge House language that would place limits on the federal courts' ability to enforce contempt citations. House Republicans have argued the language is aimed at frivolous lawsuits, but Democrats and some legal scholars view it as an attempt to rein in the courts' ability to hold the Trump administration accountable. Some House Republicans have also vowed to try to get the Senate to remove the language, with Rep. Mike Flood (R-Neb.) telling constituents at a town hall this week that he wasn't aware the provision was in the bill. House Republicans made a major change to the way gun silencers are regulated as part of an eleventh-hour effort to win over Rep. Andrew Clyde (R-Ga.). They had already agreed to eliminate a $200 transfer tax on gun silencers in an initial draft of the bill. The final version, however, went much further — also ending the $200 tax on the manufacture of gun silencers and removing them from the regulatory purview of the National Firearms Act, which involves mandatory registration and other strictures. While Republicans are confident the tax eliminations will survive in the Senate, there was internal debate over whether the deregulatory provision would ultimately fall under Byrd, according to one person granted anonymity to disclose private deliberations. Senate Agriculture Chair John Boozman (R-Ark.) has privately warned that the House's agriculture package — which includes $60 billion in programs typically included in the farm bill — could face Byrd-related complications. Boozman supports including 'risk management' policies for farmers — like bolstering crop insurance, which make up the most expensive parts of the farm bill. But he and other Senate Republicans are skeptical that some other programs — dealing with biosecurity, trade promotion, research and more — will comply with Byrd. The decision has big implications for ag policy: If those pieces are stripped out, it could become difficult, if not impossible, for lawmakers to pass a 'skinny' farm bill later this year. MacDonough ruled in 2017 that language aimed at defunding Planned Parenthood did not comply with Byrd amid Republicans' bid to repeal the Affordable Care Act. Now, the GOP is making a similar effort, with the House including language broadly barring Planned Parenthood from receiving federal funding. The parliamentarian isn't the only threat here: Several centrist Republicans in both the House and Senate oppose targeting the organization, which provides other health care services in addition to abortion. House Republicans moved to streamline permitting for fossil fuel projects in their version of the megabill, but — as they have long acknowledged — Senate budget rules are likely to come into play. In 2022, for instance, Democrats omitted energy permitting provisions sought by then-Democratic Sen. Joe Manchin from the reconciliation package that became the Inflation Reduction Act, in part due to Byrd concerns. But Republicans say the narrower measures they included that raise money by charging fees to developers to expedite their permits could skirt Byrd scrutiny. They've already dropped several pipeline permitting provisions and softened language to advance the controversial Ambler Road project in Alaska.

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