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Qianer Liu / The Information : Sources: Baidu's chip unit Kunlunxin Technology plans a Hong Kong IPO at a $50B target valuation, asking investors to buy chips worth 3-7x their IPO investment   —  In China, chip companies may have found a new clientele for their semiconductors: IPO investors.

Jackson Chen / Engadget : Australian government says it plans to double the maximum penalty for any social media company breaking its minimum age law and grant more powers to enforcers   —  The fine can now potentially hit 99 million AUD, or $68 million.  —  After becoming the first in the world to implement …

President Donald Trump announced on Saturday he is nominating Lance Schroyer as the next director of U.S. Immigration and Customs Enforcement (ICE). "Lance has over 29 YEARS of Law Enforcement experience in Oklahoma — A State where I WON all 77 Counties in 2016, 2020, and 2024!" the president wrote on Truth Social. "Lance is a former Oklahoma State Trooper, and United States Marine. He is a PATRIOT with real operational experience, and proven leader with DECADES of experience locking up the worst of the worst, including spearheading 287g Law Enforcement partnerships with ICE! Lance has firsthand experience getting Illegal Aliens OFF our streets and, just like ME and our Secretary of Homeland Security Markwayne Mullin , he LOVES the men and women of ICE." TRUMP ADMINISTRATION SAYS FEDERAL AUTHORITIES HAVE ARRESTED MORE THAN 10,000 SUSPECTED GANG MEMBERS He added that Schroyer, "has what it takes to DETAIN AND DEPORT Illegal Alien Criminals, including murders, r...

House Minority Leader Hakeem Jeffries publicly embraced a new crop of congressional nominees Saturday, including three Democratic Socialists of America-backed candidates whose primary victories have fueled fresh debate over the Democratic Party's leftward shift ahead of the 2026 midterms. The powerful New York lawmaker's post highlights the challenge facing the top House Democrat as he works to unite his party ahead of the general election. If Democrats take back the House in November, Jeffries is expected to become the next speaker. That means he'll likely be leading a Democratic caucus with more self-described Democratic Socialists than ever before. So far, more than a dozen Democratic Socialists of America-backed candidates have won or advanced in primaries across the country this election cycle. In a post on X , Jeffries wrote, "Congratulations to our Democratic nominees," before listing the party's congressional candidates from across New York. Among t...

Lillian Rizzo / CNBC : Sports clips' rise on platforms like YouTube has left broadcasters debating whether to use them to attract younger viewers or protect their subscription revenue   —  As the New York Knicks clinched their first championship in 53 years and the NBA notched its highest Finals series ratings since 1998 …

Natalie Lung / Bloomberg : Uber expands the list of criminal convictions that disqualify US drivers and expands the background-check timeline, possibly removing ~0.5% of active US drivers   —  Uber Technologies Inc. is tightening driver background checks in the US and applying the new standards retroactively to existing workers …