13 – Breaking News & Latest Updates 2026
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Business

The Verge’s latest insights into the ideas shaping the future of work, finance, and innovation. Here you’ll find scoops, analysis, and reporting across some of the most influential companies in the world. Our coverage also includes interviews with innovators and policy makers at the frontiers of business and technology on Editor-in-Chief Nilay Patel’s Decoder; a behind-the-curtain look at Silicon Valley with Alex Heath’s Command Line; and exclusive reporting on Microsoft’s strategy in Tom Warren’s Notepad.

Bookshop CEO Andy Hunter’s crusade to save books from Amazon

The company is amping up its fight against Amazon with a new frontier: ebooks.

Nilay Patel
Richard Lawler
Richard Lawler
China responds to Trump’s tariffs threatening ‘corresponding countermeasures.’

Now that Donald Trump has issued tariffs on products from China, Canada, and Mexico, Canada responded with tariffs of its own, and China’s Ministry of Commerce said in a statement (via Google Translate) that it “will file a lawsuit with the WTO for the wrong practices of the United States and will take corresponding countermeasures to firmly safeguard its own rights and interests.

China’s Ministry of Foreign Affairs issued its own statement, saying (translated), “The United States should view and deal with its own fentanyl problem objectively and rationally, rather than threatening other countries with tariffs at will.”

Emma Roth
Emma Roth
Walgreens’ digital door screen drama.

For the past couple of years, Walgreens has been locked in a legal battle with CoolerX, a startup founded by the pharmacy chain’s former CEO, according to a report from Bloomberg. CoolerX replaced glass refrigerator doors with digital screens inside hundreds of Walgreens stores, but frequent glitches reportedly led Walgreens to attempt to exit its 10-year contract.

However, Bloomberg reports that CoolerX responded with a $200 million lawsuit over breach of contract and “secretly cut the data feeds” to dozens of stores, leading customers unable to see what’s inside of the fridges.

Elizabeth Lopatto
Elizabeth Lopatto
The too-online finance dorks are at it again.

Incredible kicker from FT Alphaville, on top of some truly bizarre memes from Deutsche Bank. We love our blogging brethren.

DeepSeek, Stargate, and the new AI arms race

The Chinese chatbot and OpenAI’s new data center venture present a stark contrast for the future of AI.

Nilay Patel
Emma Roth
Emma Roth
Trump’s media company is getting into fintech, too.

Trump Media is launching Truth.Fi as part of its “financial services and financial technology strategy,” but there still aren’t many details about what it will actually do. The company also plans to invest $250 million into customized exchange-traded funds, along with Bitcoin and other cryptocurrencies.

This comes just one day after Elon Musk’s X announced that it’s partnering with Visa to launch its X Money service this year.

Richard Lawler
Richard Lawler
Bloomberg: iOS 18.3 added Starlink support on iPhones.

According to Bloomberg and user reports, T-Mobile’s list of eligible devices for beta testing Starlink direct-to-cell connections now includes iPhones. While only a few Samsung Galaxy devices were supported at first, now iPhone owners with the most recent update can reportedly connect, as well as some people with Android 15 devices.

That gives those owners an alternative to Apple’s Globalstar-connected service while off the grid that works without pointing their phone at the sky first.

Richard Lawler
Richard Lawler
The new leader of all things PlayStation should be very familiar.

As of April 1st, Hideaki Nishino will become the president and CEO of Sony Interactive Entertainment, the company behind the PlayStation brand. This comes nearly a year after he and Herman Hulst were appointed co-CEOs of the PlayStation business, splitting responsibilities for leading the platform business and games following the retirement of Jim Ryan.

Hulst will continue leading development of PlayStation content for consoles, PC, film, and TV but will now report to Nishino.

Nishino:

We will continue to grow the PlayStation community in new ways, such as IP expansion, while also delivering the best in technology innovation.

Richard Lawler
Richard Lawler
Nvidia’s market cap drops by almost $600 billion amid DeepSeek R1 hype.

As Chinese AI startup DeepSeek draws attention for open-source AI models that it says are cheaper than the competition while providing similar or better performance, AI chip king Nvidia’s stock price dropped today.

CNBC said that after closing at $118.58, down 17 percent, this was “the biggest drop ever for a U.S. company.”

How Ciena keeps the internet online, with CEO Gary Smith

One of the biggest tech companies you’ve never heard of is helping you listen to this podcast.

Nilay Patel
Elizabeth Lopatto
Elizabeth Lopatto
No Bitcoin reserve yet, but don’t worry, there’s a committee.

New executive order just dropped from the crypto-owned administration. A fun little committee will decide if we should have a strategic crypto reserve. Also, the government should make it easier for crypto companies to get bank accounts — because that ended so well last time.

Jay Peters
Jay Peters
Dragon Age: The Veilguard didn’t meet EA’s expectations.

The game “engaged approximately 1.5 million players during the quarter, down nearly 50% from the company’s expectations,” EA says in a pre-announcement of its preliminary Q3 earnings results. That’s a shame, because the game is pretty good.

“Global Football” — aka the EA Sports FC franchise — also didn’t do as well as EA thought it would.

Welcome to the era of gangster tech regulation

Our tech overlords all have problems, and they want to buy the solutions.

Elizabeth Lopatto
Mia Sato
Mia Sato
Democracy Dies in Riveting Storytelling for All of America.

The Washington Post, fresh off of losing 250,000 subscribers after its presidential non-endorsement, has a new internal slogan: “Riveting Storytelling for All of America.”

The Post should represent “interests across the country,” and “provide a forum for viewpoints, expert perspectives and conversation,” according to an internal presentation. The New York Times reports that The Post owner Jeff Bezos has made similar comments to staff in recent years.

Elizabeth Lopatto
Elizabeth Lopatto
Hindenburg lands.

The legendary short-selling firm, which took down EV company Nikola’s founder and launched several other investigations, will wind down. Its founder, Nate Anderson, plans to invest in index funds. “I’ve spent most of the last eight years either in a fight or preparing for the next one,” he told the WSJ. Now he wants to do something else.

Mia Sato
Mia Sato
Temu is testing boosted product listings.

The ultra cheap retailer giving Amazon a run for its money is piloting an ads system for merchants, The Information reports. Similar to Amazon’s system, sellers can pay for increased visibility in search results as well as display ads on Temu’s site.

Richard Lawler
Richard Lawler
More than $1 million in refunds are going out to people who bought Razer’s Zephyr face masks.

The covid pandemic saga of Razer’s RGB-lit Zephyr face mask is probably ending now that checks and PayPal payments are giving money back to the 6,764 buyers.

Last year, the FTC settled with Razer over its misleading statements and “N95-grade” filtering claims made without evidence or testing, leading to refunds and a $100k civil penalty.

Razer Zephyr
Image: Razer
Why CEO Matt Garman is willing to bet AWS on AI

AWS chief Matt Garman says Amazon is already seeing the benefits of its massive AI investments.

Nilay Patel
Elizabeth Lopatto
Elizabeth Lopatto
How did this weird metaverse company keep making sports deals?

You wanna go down a rabbit hole? The corporate structure alone is bizarre:

Why would a Cayman Islands–registered metaverse company use a proxy to establish first an Ohio subsidiary and then a boutique record label, and then have the record label strike up a concert deal with a different subsidiary, located on an entirely different continent?

The farther you go, the more questions you have.

Elizabeth Lopatto
Elizabeth Lopatto
New Do Kwon superseding indictment just dropped.

Kwon has been extradited to this US to face fraud charges. The charges contain a description of the overlapping network of allegedly fraudulent entities Kwon juggled before Terra / Luna came crashing to Earth.

Jess Weatherbed
Jess Weatherbed
Spotify’s Partner Program is already pretty popular.

Starting today, Spotify is paying creators in the US, UK, Australia, and Canada based on how much engagement their videos receive from paid subscribers, similar to platforms like YouTube.

We don’t know how much video creators will earn, but there’s plenty of interest in the program — according to Spotify, almost 60 percent of eligible shows and networks have enrolled since it was announced last month.