Tech Giant Judiciary Committee & French Farmer Protests Ramp Up

Heyo, reader! We hope you’re having a good Thursday morning!

2️⃣ This Morning’s Two Reports:

• 🚨 Tech Giants Under Fire for Child Safety

• 🚜 French Farmers' Protest Ramps Up Near Paris

📊 Market Snapshot

• DOW: 🔽 0.82% (38,150.30)

• S&P 500: 🔽 1.61% (4,845.65)

• NASDAQ: 🔽 2.23% (15,164.01)

• BTC:  🔽 1.24% (42,019.60)

• ETH: 🔽 1.40% (2,249.60)

_{*Stock numbers as of market close, cryptocurrency as of 8:25pm EST yesterday.}

First Report

🚨 Tech Giants Under Fire for Child Safety

During a Senate Judiciary Committee hearing, executives from leading tech firms, notably Meta and TikTok, were rigorously interrogated by senators concerned about online child safety. The session, which unfolded over almost four hours, was marked by sharp questioning as senators demanded accountability for the harm caused to children through social media platforms. Family members of victims were in attendance, providing a somber backdrop to the proceedings. Mark Zuckerberg, Meta's CEO, notably made a direct apology to these families, acknowledging their pain. The discussion spanned various issues, including the responsibilities of tech companies in preventing harm to minors, with particular scrutiny on Meta and TikTok. This intense dialogue highlighted the ongoing struggle between tech giants and lawmakers over the safety and well-being of young internet users. 📱🔎

TL;DR ⏳: Senators blasted tech leaders for failing to protect kids online, focusing criticism on Meta and TikTok without reaching any resolution.

Second Report

🚜 French Farmers' Protest Ramps Up Near Paris

French farmers are steering their tractors toward Paris and other major cities, protesting for better pay and less bureaucracy despite police intervention. Their unions, unsatisfied with the government's response, are pushing for stronger action against foreign competition and excessive red tape. As some farmers were arrested near the capital's vital Rungis market, Interior Minister Gérald Darmanin warned of significant police presence to protect strategic locations. 🌾🗣️

TL;DR ⏳: With tractors on the march and Paris in their sights, French farmers show no signs of backing down in their fight for fairer conditions.

⚡ Quick Hits

1. 👨‍⚖️ Disney's lawsuit against DeSantis dismissed by judge over tax district conflict

2. 🔊 Unveiled tapes detail officers' conversations post Tyre Nichols' tragic killing

3. 🚻 Utah aligns with 10 states to regulate transgender individuals' bathroom usage

4. 🛑 FBI chief alerts to impending chaos from Chinese cyberattacks on US infrastructure

5. 🏡 Legislators to decide on increasing child tax benefits and corporate tax incentives

6. 🇺🇦 Zelensky prepares to oust Ukraine’s chief military officer amid war strategy disputes, insider claims

7. 🚢 US destroyer narrowly evades Houthi missile, engages emergency defense weaponry

8. 💸 Federal Reserve maintains interest rates at peak not seen in 23 years

9. 👗 Top executive of H&M resigns as the company struggles to match competitors

10. 💊 eBay agrees to $59M deal with Justice Department over illegal pill press sales

Games

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