Amazon (NASDAQ: AMZN) CEO Andy Jassy said Tuesday that the e-commerce giant's workforce will evolve in the coming years to include more generative artificial intelligence agents and less human employees. "We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs," Jassy wrote in a memo to employees. "It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce." Jassy noted in the memo that he wants employees to learn how to use AI tools to develop strategies to "get more done with scrappier teams." Amazon is using generative AI tools widely in its internal operations, Jassy said, including use to assist with inventory, demand forecasting, and warehouse robot efficiency across its fulfillment network.

Anne Wojcicki, co-founder and former CEO of 23andMe, has regained control over the genetic testing company through her non-profit TTAM Research Institute, the company announced Friday, outbidding Regeneron Pharmaceuticals (NASDAQ: REGN) for a purchase price of $305 million. TTAM also acquired 23andMe's Personal Genome Service and Research Service businesses as well as its telehealth subsidiary Lemonaid Health as part of the bid. "I am thrilled that TTAM Research Institute will be able to continue the mission of 23andMe to help people access, understand and benefit from the human genome," Wojcicki said in a statement. 23andMe, once valued at about $6 billion, filed for Chapter 11 bankruptcy protection last March after the company failed to generate recurring revenue and faced privacy concerns after a hacking in 2023.

Disney (NYSE: DIS) and Universal sued artificial intelligence image-generator Midjourney on Wednesday, accusing the San Francisco-based company of copyright infringement. This is the first time that major Hollywood studios have taken legal actions against generative AI technology. The lawsuit claims Midjourney pirated imagery from the two studios to generate and distribute "endless unauthorized copies" of their characters from franchises such as Star Wars, The Simpsons, and Despicable Me. "Midjourney is the quintessential copyright free-rider and a bottomless pit of plagiarism. Piracy is piracy, and whether an infringing image or video is made with AI or another technology does not make it any less infringing," the companies said in the complaint. The Motion Picture Association said in a statement Wednesday that is supports a "balanced approach to AI that both protects intellectual property and embraces responsible, human-centered innovation."

Snap (NYSE: SNAP) announced plans Tuesday to release a sixth-generation of its augmented realty glasses that is smaller and lighter than its predecessors in 2026. The next-gen glasses will be called Specs, highlighting the overall change from the company's previous Spectacles branding for its wearable devices. Specs, which will operate on the company's Snap OS systems, work similarly to other smart glasses, using AR technology to let users see and interact with digital overlays over the physical world. "We couldn't be more excited about the extraordinary progress in artificial intelligence and augmented reality that is enabling new, human-centered computing experiences," CEO Evan Spiegel said in a statement. While the company did not disclose the price or release timeline for Specs, Snap's most recent Spectacles model was offered to users under a leasing model that required a $99 per month, full-year subscription.

IonQ (NYSE: IONQ) announced Monday it will acquire U.K.-based quantum computing startup Oxford Ionics in a $1.1 billion deal that will combine IonQ's quantum computing hardware and software with Oxford Ionic's semiconductor chip technologies. The combined company expects to build computing systems with 256 qubits by 2026, over 10,000 by 2027 and two million by 2030. "We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications," IonQ CEO Niccolo De Masi said in a release. The deal is expected to close by the end of the year and includes $1.065 billion worth of IonQ shares and about $10 million in cash.

Tesla (NASDAQ: TSLA) shares fell 14% on Thursday as President Donald Trump threatened to cut government contracts for Elon Musk's companies after the tech billionaire openly criticized Trump's "big, beautiful" spending package. That drop erased $152 billion in value for the electric vehicle maker, pulling it below $1 trillion to settle at $916 billion at market close "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts," Trump wrote in a post on Truth Social, which Musk response to on X writing: "Go ahead, make my day!" Musk then announced that his company SpaceX -- which is one of the United States' largest federal contracts with more than $3.8 billion secured in fiscal 2024, according to the New York Times -- will "begin decommissioning its Dragon spacecraft immediately." Dragon is currently the nation's only option for crews traveling to the International Space Station, CNBC reports. Trump claimed to reporters in the Oval Office earlier Thursday that Musk was upset that EV credits were not included in the bill, which are one of the key profit drivers for Tesla.

Reddit (NYSE: RDDT) is suing artificial intelligence start-up Anthropic, according to a filing in San Francisco on Wednesday, accusing the company of breach of contract by engaging in "unlawful and unfair business acts" by using data from the social media company's platform without permission. The lawsuit also claims that Anthropic has been training its AI models on the personal data of its users without their consent. "For its part, despite what its marketing material says, Anthropic does not care about Reddit's rules or users: it believes it is entitled to take whatever content it wants and use that content however it desires, with impunity," the filing said. Reddit said other AI companies like OpenAI and Google (NASDAQ: GOOG) (NASDAQ: GOOGL) "understand and respect Reddit's rules," and said such companies "are permitted to use public Reddit content" only after they agree to its "licensing terms" that protect user privacy. The company had previously announced partnerships with OpenAI and Google to use Reddit data to train their generative models.

Meta Platforms (NASDAQ: META) signed a 20-year agreement to buy nuclear power from Constellation Energy (NYSE: CEG), the companies announced Tuesday, joining tech peers like Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOGL) (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN) in investing in nuclear power to fuel the growing energy demands of data centers. Meta will purchase about 1.1 gigawatts of energy from Constellation's Clinton Clean Energy Center in Illinois starting June 2027 -- representing the total output of the site's nuclear reactor. The terms of the deal were not disclosed, but the companies said the multi-decade agreement will support the plant's operations and relicensing. Shares of Constellation have risen over 40% year-to-date, benefiting from executive orders signed by President Donald Trump last month to accelerate the approval of new nuclear reactors and support fuel supply chains to meet the expected energy needs of generative artificial intelligence.

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) could see its shares fall between 15% and 25% if U.S. District Judge Amit Mehta orders Google to divest its Chrome browser following the landmark antitrust trial against the tech giant, Barclays analyst Ross Sandler wrote in a note on Monday. The firm's outlook of a potential Chrome sale came after the U.S. Department of Justice argued that Mehta should force the company to divest and share its search data with rivals in closing arguments on Friday, adding that "the most likely candidates," to buy would be "well funded AI companies like OpenAI, Anthropic or perhaps Perplexity." Sandler noted that a forced sale would be "a major blow" to Google's operations, as Chrome represents 35% of its search revenue, calling it a potential "black swan event" for the stock. "Shares would obviously trade off significantly if this were to play out as no inventors we speak to are thinking this remedy plays out," Sandler added, saying the ruling could result in a potential 30% impact to Alphabet's earnings; Mehta's ruling is expected in August.

President Donald Trump announced Friday he will double tariffs on steel imports to 50% in effort to "further secure the steel industry," during remarks at U.S. Steel's Irvin Works in West Mifflin, Pennsylvania. Trump said the current 25% levy on steel lets foreign companies "sort of get over that fence," referring to imports entering the domestic market, adding that "at 50%, they can no longer get over the fence." Trump's remarks came after he signaled last week that he would allow U.S. Steel (NYSE: X) to merge with Japan's Nippon. Under the deal (which he called a "partnership" instead of a merger in a Truth Social post last week) Trump said Nippon has committed to keep U.S. Steel's operations at full capacity for at least a decade and there will be no layoffs or "outsourcing whatsoever." The president said that U.S. Steel's headquarters will also remain in Pittsburgh, and Nippon will invest $14 billion over 14 months into domestic manufacturing. According to a filing with the U.S. Securities and Exchange Commission from early April, U.S. Steel will become a "wholly owned subsidiary" of Nippon Steel North America, but will still operate as a separate company.

President Donald Trump met with Federal Reserve Chair Jerome Powell at the White House on Thursday, discussing economic developments surrounding employment and inflation and the potential impacts new tariff policies in their first meeting since Trump began his second term. "Chair Powell did not discuss his expectations for monetary policy, expect to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook," the Fed said in a statement, adding that policymakers will continue to make decisions based on "careful, objective, and non-political analysis." Trump has criticized the central bank, signalling out Powell, in recent weeks, calling for policymakers to lower rates in tandem with his tariffs -- experts believe this move would stall economic growth. When asked about the meeting at her daily press briefing, White House press secretary Karoline Leavitt said the president "believes the Fed chair is making a mistake," and is putting the United States at an "economic disadvantage" to China and other countries.

Meta Platform's (NASDAQ: META) AI assistant, aptly named Meta AI, now has 1 billion monthly active users across the company's apps, CEO Mark Zuckerberg said Wednesday during the social media giant's annual shareholder meeting. One of the key goals for the model this year is to increase its reach before building out either ad-supported or subscription plans around it, Zuckerberg told shareholders, highlighting the company's plans to make Meta AI "the leading personal AI with an emphasis on personalization, voice conversations and entertainment." The milestone comes after Meta released a standalone app for the AI assistant back in April, aimed to directly compete with other AI platforms like OpenAI's ChatGPT, Anthropic's Claude and Google's (NASDAQ: GOOG) (NASDAQ: GOOGL) Gemini.

Movie theater stocks rose higher Tuesday following record-breaking box office numbers from Memorial Day Weekend. AMC Entertainment's (NYSE: AMC) shares soared over 20%, while Marcus Corporation (NYSE: MCS) and Cinemark (NYSE: CNK) added about 10% and 4%, respectively, as the releases of Disney's (NYSE: DIS) "Lilo & Stitch" and Paramount's (NASDAQ: PARA) "Mission Impossible -- The Final Reckoning" joined already popular features Marvel's "Thunderbolts," Warner Bros. (NASDAQ: WBD) "Sinners" and "Final Destination Bloodlines" to bring in an estimated $326 million in ticket sales over the long holiday weekend, according to data from Comscore. The weekend's sales more than doubled the $132 million recorded during the same period last year, representing the highest Memorial Day box office ever. “Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing," AMC CEO Adam Aron said in a statement. "A record-setting Memorial Day holiday is yet another sign of the continued strength and relevance of moviegoing in 2025.”

American Airlines (NASDAQ: AAL) Chief Financial Officer Devon May said Thursday that some travelers are choosing to avoid Newark Liberty International Airport are a recent string of disruptions impacted the major east coast hub. The U.S. Federal Aviation Administration (FAA) ordered airlines to temporarily cut some flights to Newark in response to a shortage of air traffic controllers and equipment outages plaguing the airport. "There probably is some amount of book-away from Newark flights over into LaGuardia, JFK, maybe Philadelphia to a lesser extend," May said at the Wolfe Research conference, but cautioned that the impact is currently "modest." American only represents 4% of Newark market share, according to data from the Port Authority of New York and New Jersey, while rival United Airlines (NASDAQ: UAL) holds nearly 70%.

Microsoft (NASDAQ: MSFT) said Wednesday that its digital crimes unit has broken down the Lumma malware used by bad actors. The company said in a blog post that is has discovered more than 394,000 Windows computers worldwide were infected by the malware worldwide between March 16 through May 16, with hackers stealing passwords, credit cards, bank accounts and cryptocurrency wallets. Microsoft was able to dismantle the web domains used in Lumma's infrastructure through a court order from the U.S .District Court for the Northern District of Georgia. "Working with law enforcement and industry partners, we have severed communications between the malicious tool and victims," Microsoft wrote, adding that "more than 1,300 domain seized by or transferred to Microsoft, including 300 domains actioned by law enforcement with the support of Europol, will be redirected to Microsoft sinkholes."