RNC chair Michael Whatley and former Gov. Roy Cooper plan to run for North Carolina Senate seat, sources say
Whatley's plans have been blessed by the White House, one of the sources said. Also expected to enter the race is Democratic former North Carolina Gov. Roy Cooper, according to three sources familiar with Cooper's plans. Cooper is expected to announce his bid next week, the sources said.
The coveted Senate seat is being vacated by Republican Sen. Thom Tillis, who has held the seat since 2015.
This is a developing story. Kathryn Watson and
Nancy Cordes
contributed to this report.
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But the company is aware that some demand might have stemmed from consumers and businesses trying to avoid tariffs. 'We felt like tariffs might be a headwind in the second quarter and would further unsettle the economy,' he said. 'None of that transpired.' Intel's client computing division had revenue of $7.9 billion last quarter, topping the average prediction of $7.3 billion. Data center sales were $3.9 billion, compared with a $3.7 billion estimate. The foundry division generated revenue of $4.4 billion, in line with projections. Intel had previously said it planned to cut operating expenses to about $17 billion this year and $16 billion in 2026. The Santa Clara, California-based company remains on track for the 2025 cuts, Intel said Thursday. Tan's predecessor, Gelsinger, had concentrated on expanding Intel's factory network, once its key competitive advantage. He laid out plans to spend tens of billions of dollars on making its plants the best in the industry again, a status that would force rivals to use it as an outsourced provider of manufacturing. 'We will take a fundamentally different approach to building our foundry business,' Tan said in a memo to staff Thursday. 'Over the past several years, the company invested too much, too soon – without adequate demand. In the process, our factory footprint became needlessly fragmented and underutilized. We must correct our course.' For now, the biggest user of its factories is Intel's internal design teams. Some of Intel's best offerings now contain components made by TSMC, adding more pressure to its margins. Narrower Margins Adjusted gross margin — the percentage of sales remaining after excluding the cost of production — was about 30% in the second quarter and will be 36% in the current period. That's close to half of what it was when Intel's chips dominated the data center market. Nvidia has margins above 70%. Intel's Zinsner said the company isn't yet ready to unveil AI-related gear. The chipmaker is focusing on the development of products that will fit in unserved parts of the market. Ultimately, Intel needs to figure out how it can benefit from artificial intelligence, Emarketer analyst Jacob Bourne said in a note. 'A fundamental market truth isn't going away,' he said. 'Global demand for AI chips continues to soar, and Intel must find its footing in that value chain.' (Updates shares starting in first paragraph.) Burning Man Is Burning Through Cash Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. 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