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Today's News | 05/27/25

EU Probes Pornhub, Others for Minor Protection Failures

The European Union is investigating Pornhub, Stripchat, XNXX, and XVideos for potentially failing to protect minors from harmful content under the Digital Services Act. Announced on May 27, 2025, the probe scrutinizes age verification and risk assessments, with non-compliance risking fines up to 6% of global turnov

Cathie Wood: How Tech, Healthcare, and AI Will Fuel U.S. Economic Growth

Cathie Wood remains optimistic about the U.S. economy, predicting growth driven by technology, healthcare, and AI. She believes Trump’s tariffs could lead to freer markets and reduced trade barriers. Wood highlights AI’s transformative impact on healthcare and views innovation as key to overcoming deficit concerns, especially beyond major tech giants.

Tesla Shields Leaders: New Bylaw Raises the Bar for Shareholder Lawsuits

Tesla amended its bylaws to require shareholders to own at least 3% of its common stock—about $34 billion worth—to file or maintain derivative lawsuits against directors or officers. Enabled by Tesla’s move to Texas, the rule limits smaller investors’ ability to challenge management and marks a major shift in governance.

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Alger’s Dan Chung: Resilient Earnings, Tech Strength Fueling New U.S. Market Highs

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Housing Crisis Persists: How Underbuilding and Rate Lock-In Keep Buyers Struggling Despite Inventory Gain – Zillow CEO

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SoftBank Rebounds: $3.49B Quarterly Profit as AI Pivot Faces Hurdles

SoftBank Group returned to profitability with quarterly net profit of $3.49 billion, doubling year-over-year figures and achieving annual profit of $7.8 billion. While Vision Fund 1 performed well, Vision Fund 2 posted losses. The company is pivoting toward AI investments despite some implementation challenges.