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The EU fined Elon Musk's X €120 million for violating the Digital Services Act, marking the first penalty under this law. The fine addresses deceptive practices like the blue checkmark system and lack of transparency in ads. X can appeal or settle by complying with DSA rules. The investigation into X's moderation and disinformation practices continues, with potential further penalties.
U.S. President Trump met with Nvidia CEO Jensen Huang, discussing AI trade and export controls. Regulators are considering Nvidia's ability to sell H200 chips to China. Huang expressed concerns about U.S. regulations slowing AI progress and opposed a bill requiring domestic chip sales before exporting. At a CSIS event, Huang downplayed smuggling concerns, emphasizing the logistical challenges of transporting GPUs. The meeting highlights potential regulatory impacts on Nvidia's global growth.
Mastercard has become a sponsor of London City Lionesses, joining Nike and Togethxr. The partnership aims to offer "Priceless" matchday experiences and support women's football. Mastercard's involvement reflects its commitment to women's sports, aligning with Michele Kang's vision to uplift female athletes and grow the fanbase. The Lionesses, now in the Women's Super League, plan to challenge top teams and build a new training complex.
Wall Street analyst Michael Lasser from UBS maintains a Buy rating on Home Depot with a $445 price target, citing strong positioning and growth potential. Despite challenges in the home improvement sector, Home Depot's strategic focus on pro channels, supply chain expansion, and store productivity investments are expected to drive growth. The company aims to address industry challenges and improve trends next year. Evercore ISI also maintains a Buy rating with a $425 target. Lasser is a 5-star analyst with a 13% average return.
Elon Musk proposes a bold AI-driven strategy to address the US national debt, which has surpassed $38 trillion, with interest payments exceeding the military budget. Despite decades of policy attempts, the debt continues to rise, prompting Musk's intervention.
