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TikTok settling three teen social media lawsuits ahead of trial

By Dietrich Knauth NEW YORK, Aug 3 (Reuters) – TikTok has agreed to settle three lawsuits brought by young people who accuse social media companies of designing their platforms to be addictive and harming their mental health, a plaintiffs’ lawyer said Monday. The terms of the settlements are confide

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TikTok settling three teen social media lawsuits ahead of trial
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Onsemi forecasts upbeat revenue on surging AI data center chip demand

Aug 3 (Reuters) – Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers. Onsemi’s results come as it looks to its biggest deal yet, a $7 billion all-stock acquisition of Synaptics announc

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Onsemi forecasts upbeat revenue on surging AI data center chip demand
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The Media Line: What Are Riyadh’s Options To Invade Yemen?

What Are Riyadh’s Options To Invade Yemen? Riyadh does not seek a “complete conquest of Houthi territory, but to change the military balance sufficiently to force the Houthis to halt attacks on Saudi territory and shipping,” Cyril Widdershoven, a geopolitical analyst, told TML By Giorgia Valente / T

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The Media Line: What Are Riyadh’s Options To Invade Yemen?
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Peter, Principled: “Spider-Man: Brand New Day”

There are essentially three plotlines fighting for space in director Destin Daniel Cretton's Spider-Man: Brand New Day – even though, given its generous 145-minute running length, you wouldn't think any in-fighting was necessary.

· Mike Schulz
Peter, Principled: “Spider-Man: Brand New Day”
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‘Spider-Man: Brand New Day’ beats ‘Avengers: Endgame’ box office record

Spider-Man beat the Avengers at the box office. “Spider-Man: Brand New Day” broke the “Avengers: Endgame” record for the biggest North American opening weekend with $360 million in ticket sales from theaters in the U.S. and Canada, Sony Pictures said Monday. Sony on Sunday projected that “Spider-Man

· SRN News
‘Spider-Man: Brand New Day’ beats ‘Avengers: Endgame’ box office record
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AP Decision Notes: What to expect in Virginia’s state primary

WASHINGTON (AP) — For the third time in nine months, Virginia residents will vote in a statewide election on Tuesday, this time to choose nominees for U.S. Senate and U.S. House, including in some competitive swing districts that could decide control of the narrowly divided chamber in November. The

· SRN News
AP Decision Notes: What to expect in Virginia’s state primary
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Broadcom loses court bid to suspend EU antitrust request for US legal papers

By Foo Yun Chee BRUSSELS, Aug 3 (Reuters) – Broadcom on Monday lost its bid to suspend a European Union antitrust request for U.S. legal documents protected by U.S. legal professional privilege in a case related to VMware, which it acquired in 2023, after an EU court sided with EU regulators. The U.

· SRN News
Broadcom loses court bid to suspend EU antitrust request for US legal papers
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Cybersecurity firm Horizon3 crosses $2 billion valuation in new funding round

Aug 3 (Reuters) – Cybersecurity company Horizon3 said on Monday it has raised $250 million in its latest funding round, more than tripling its valuation to over $2 billion in just about a year. The round comes amid growing demand for cybersecurity tools as hackers increasingly tap AI technology to e

· SRN News
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Blanche rescinds “anti-weaponization fund”

Washington—(AP) Acting Attorney General Todd Blanche has issued a formal order terminating President Donald Trump’s proposed $1.8 billion “anti-weaponization fund,” a move that follows weeks of negotiations with two Republican senators who had been withholding support for Blanche’s confirmation. Lat

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Blanche rescinds “anti-weaponization fund”
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AP Decision Notes: What to expect in the Kansas state primary

WASHINGTON (AP) — Kansas Republicans will narrow down a crowded field for governor in a state primary Tuesday as they look to retake the state’s top office after eight years of Democratic rule. Democrats will decide competitive primaries for governor and U.S. Senate, while Kansans across the state w

· SRN News
AP Decision Notes: What to expect in the Kansas state primary
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AP Decision Notes: What to expect in Michigan’s state primary

WASHINGTON (AP) — Michigan voters will decide a competitive Democratic U.S. Senate primary Tuesday in a contest that not only has implications for control of the chamber next year but will also test the growing clout of the party’s progressive wing as well as that of a powerful pro-Israel organizati

· SRN News
AP Decision Notes: What to expect in Michigan’s state primary
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AP Decision Notes: What to expect in Missouri’s state primary

WASHINGTON (AP) — A St. Louis-area congressman faces a Democratic primary rematch Tuesday against the former congresswoman he previously ousted, a showdown that has again drawn the attention of a powerful pro-Israel organization. The contest, as well as primaries for Missouri’s seven other U.S. Hous

· SRN News
AP Decision Notes: What to expect in Missouri’s state primary
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US faces new pressure to build weapons without China’s rare earth magnets

EXETER, N.H. (AP) — A giant American flag hanging on the wall of a warehouse in New Hampshire hints at the national importance of the elements bound inside the mining waste stored in 1-ton bags. The company uses electrolysis to separate the key critical elements President Donald Trump’s administrati

· SRN News
US faces new pressure to build weapons without China’s rare earth magnets
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Singapore bans 2 Massive Attack members after pro-Palestine display at concert

KUALA LUMPUR, Malaysia (AP) — Singapore has banned the two core members of British band Massive Attack from reentering the country after they displayed a Palestinian flag and expressed support for the Palestinian cause during their concert in the city-state last week. Singapore police said in a rece

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Singapore bans 2 Massive Attack members after pro-Palestine display at concert
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China steps up protection for chip designs in revised regulations

By Eduardo Baptista BEIJING, Aug 3 (Reuters) – China has revised regulations protecting integrated-circuit layout designs, tightening registration standards and allowing punitive damages for serious infringement, as Beijing seeks to better safeguard domestic chip know-how. The revised regulations, s

· SRN News
China steps up protection for chip designs in revised regulations
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ArcelorMittal expands Microsoft partnership on cloud

Aug 3 (Reuters) – Steelmaker ArcelorMittal said on Monday it was expanding its collaboration with Microsoft as part of its “Cloud First, Data Centric” strategy, which uses Azure as its primary cloud computing platform. The company said it would integrate Microsoft Fabric, Purview and Foundry to mode

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ArcelorMittal expands Microsoft partnership on cloud
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US dollar weakens sharply against the Japanese yen after market interventions

TOKYO (AP) — The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets. Before late last week, the dollar was trading above 163 yen, touching 40-year highs. After regulators were susp

· SRN News
US dollar weakens sharply against the Japanese yen after market interventions
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SPORTS HEADLINES

Skubal to Dodgers, García to Yankees as MLB teams add pitching at trade deadline Two-time Cy Young Award winner Tarik Skubal is on the move to the Los Angeles Dodgers, giving the two-time defending champions even more talent on a loaded roster. Right-hander Freddy Peralta is switching teams, too, as

· SRN News