Jack Dorsey’s Block To Pay $45 Million Fine As States Step In For Withering CFPB

The Trump Administration has gutted the CFPB, but states like Texas, Oregon and New York are targeting payments firms and filling in enforcement gaps.

Boom Times For Autoimmune Disease Therapies

In this week’s edition of InnovationRx, we look at the boom in autoimmune disease therapies, OpenAI’s healthcare push, Vertex’s $10 billion purchase of Crinetics, and more.

California Will Give You $3,500 To Buy A New EV

The incentive is for first-time buyers of new battery-powered models priced below $50,000, with half the amount covered by automakers. Used EVs qualify for $1,750

Semiconductor Selloff Deepens As AI Spending Fears Hit Intel

Semiconductor stocks slide as Wall Street questions AI capex growth, erasing $1.3 trillion and putting Intel, Micron and AMD under pressure amid rising rate fears.

How OpenAI Plans To Win Over Doctors, Patients And Hospitals

The AI juggernaut is all-in on the healthcare industry, launching three new products in the last six months. But it needs to make sure ChatGPT is accurate enough for the millions of people who already use it for health advice.

Energy Department Wants To End Home Appliance Efficiency Rules

This week’s Current Climate newsletter also looks at how nuclear startups achieved successful testing to meet a Trump challenge and Renew Home’s energy management tech.

Chinese AI Billionaire Yan Junjie Battles Heavy Selling Pressure After $39 Billion Market Wipeout

With the imminent expiration of lockup periods on Wednesday, MiniMax Group founder Yan Junjie faces an uphill battle persuading investors to hold on to the Hong Kong-listed AI model developer’s shares.

Millennials Are Buying Blue Collar Small Businesses To AI-Proof Their Future

Young entrepreneurs are snapping up baby boomer-owned plumbing, construction, manufacturing and HVAC companies. Plus: Tips for would-be buyers and sellers.

Tesla’s Electric Semi Has Its First Fatal Crash

Two people in a Volkswagen Beetle died after the massive battery-powered truck struck them at a highway intersection in Nevada, not far from the factory that builds it.

How Bending Spoons Built A $18.4 Billion Empire By Buying Internet Has-Beens Like AOL

Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation.