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From TikTok's unprecedented $10 billion government fee and Google's landmark antitrust verdict to the FTX collapse and Boeing's whistleblower scandal, Trill News covers the corporate and business stories that determine how the global economy is shaped. We report on Big Tech, Wall Street, startups, antitrust litigation, and the boardroom decisions that affect everyone.

INDUSTRY LATEST STORY

SpaceX Completes the World's Biggest IPO and Reaches a Two Trillion Dollar Valuation

Reuters

June 13, 2026

SpaceX made its stock market debut on the Nasdaq on June 12, 2026, completing the largest IPO in history and closing its first trading day at $160.95 a share with a market valuation of $2.1 trillion, making it the sixth largest company in the United States. More than 510 million shares worth approximately $84 billion changed hands on the first day of trading, with shares opening at $150 and rising as much as 30 percent above the IPO price before settling to a 19 percent gain, while the listing cemented Elon Musk's status as the world's first trillionaire.

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INDUSTRY

Cisco Posted Record Revenue and Cut 4000 Jobs on the Exact Same Day

Ars Technica

Cisco announced roughly 4,000 layoffs on May 14, 2026, cutting nearly 5 percent of its global workforce on the same day it reported record quarterly revenue of $15.8 billion, a 12 percent year over year gain driven by surging demand for AI infrastructure.

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INDUSTRY

The Trump Administration is Set to Pocket $10 Billion from the TikTok Deal

Wall Street Journal

The Trump administration is set to receive a roughly $10 billion fee from investors — including Oracle, Silver Lake, and Abu Dhabi's MGX — as payment for brokering the deal that transferred control of TikTok's U.S. business from Chinese parent company ByteDance to a majority American-owned entity.

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INDUSTRY

Microsoft Chief Satya Nadella Warns AI Boom Could Falter Without Wider Adoption

Financial Times

Satya Nadella warned at Davos that AI risks becoming a speculative bubble unless its benefits and adoption spread beyond big tech and wealthy nations to reach a diverse range of global industries.

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INDUSTRY

23andme Files for Bankruptcy Amid Privacy Concerns

NPR

Genetic testing pioneer 23andMe has filed for bankruptcy following years of financial struggle and a massive data breach, prompting urgent privacy concerns regarding the sensitive DNA profiles of over 15 million users.

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INDUSTRY

Industry

SpaceX Completes the World's Biggest IPO and Reaches a Two Trillion Dollar Valuation

Cisco Posted Record Revenue and Cut 4000 Jobs on the Exact Same Day

The Trump Administration is Set to Pocket $10 Billion from the TikTok Deal

Microsoft Chief Satya Nadella Warns AI Boom Could Falter Without Wider Adoption

23andme Files for Bankruptcy Amid Privacy Concerns

Google Found Guilty of Maintaining Monopoly, Judge Rules in Landmark Antitrust Case

Federal Judge Rejects $30 Billion Visa, Mastercard Swipe-fee Settlement

Tractor Supply Ends DEI Roles and Carbon Goals Amid Backlash

Janus Henderson Tightens Grip on CLO ETFs with JAAA's $10 Billion Milestone

Hackers Uncover Trains Designed to Fail in Poland