Australia

Reddit Launches High Court Challenge To Australia's Under-16s Social Media Ban (theguardian.com) 54

An anonymous reader quotes a report from the Guardian: Reddit has filed a challenge against Australia's under-16s social media ban in the high court, lodging its case two days after implementing age restrictions on its website. The company said in a Reddit post on Friday that while it agreed with protecting people under 16, the law "has the unfortunate effect of forcing intrusive and potentially insecure verification processes on adults as well as minors, isolating teens from the ability to engage in age-appropriate community experiences."

Reddit said there was an "illogical patchwork" of platforms included in the ban. "As the Australian Human Rights Commission put it, 'There are less restrictive alternatives available that could achieve the aim of protecting children and young people from online harms, but without having such a significant negative impact on other human rights.'" Reddit argued it was a forum primarily for adults without the traditional social media features the government has "taken issue with."

Reddit was challenging the law on the grounds it infringed on the implied freedom of political communication. It was also seeking to challenge whether Reddit could be considered an age-restricted social media platform under the legislation. It said it was not seeking to challenge the law to avoid compliance, and had implemented age-assurance measures since Wednesday. The company said the vast majority of Redditors were adults, and advertising wasn't targeted to children under 18. The Apple app store age rating for Reddit is 17+. "Despite the best intentions, this law is missing the mark on actually protecting young people online," Reddit said. "So, while we will comply with this law, we have a responsibility to share our perspective and see that it is reviewed by the courts."

Bitcoin

SEC Gives DTCC OK to Tokenize Stocks In Move To Blockchain (bloomberg.com) 19

The SEC has granted the Depository Trust & Clearing Corp., or DTCC, a no-action letter allowing it to custody and recognize tokenized stocks, ETFs, and Treasuries on approved blockchains for three years. "Although this program is a pilot subject to various operational limitations, it marks a significant incremental step in moving markets onchain," SEC Commissioner Hester Peirce said in a statement. Bloomberg reports: With the permission, DTCC will also extend their record-keeping to the blockchain, Michael Winnike, global head of strategy and market solutions at DTCC Clearing & Securities Services, said in an interview. "It's the same legal entitlement, the same stock that you would hold in your account from the DTCC in traditional form," Winnike said. [...] The SEC's authorization of tokenization services only applies to a specific set of securities that trade often. The approval includes the Russell 1000 index which represents the 1,000 largest publicly traded US companies, as well as exchange-traded funds that track major indices and US Treasury bills, bonds and notes, Winnike said. "This allows us both to create value for the markets, while staying in a pre-defined pool of highly-liquid securities to start," said Winnike. The firm's ultimate aspiration is to add its entire depository, which represents $100 trillion in securities, to the blockchain, a move that would require further expansion of the no-action relief from the SEC, he said.

Winnike said the tokenization service will help bridge the traditional and digital worlds in part because the new technology will have the same legal entitlements and controls as traditional markets, including freezing or forced transfers if assets are stolen. "This enables participants to adopt and integrate, because they know there is a trusted party that can recover their securities as needed" and can address potential errors, he said. The new blockchain service will also allow investors to move assets all the time, not just Monday through Friday when traditional markets are open. "That creates a lot of new utility," Winnike said. "It brings the two ecosystems together."

Crime

TerraUSD Creator Do Kwon Sentenced To 15 Years Over $40 Billion Crypto Collapse 30

An anonymous reader quotes a report from Reuters: Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced in New York federal court on Thursday to 15 years in prison for fraud and conspiracy. Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility.

Kwon was one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted the collapse of a number of companies. [...] Kwon was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1. Prosecutors alleged that when TerraUSD slipped below its $1 peg in May 2021, Kwon told investors a computer algorithm known as "Terra Protocol" had restored the coin's value. Instead, Kwon arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price, according to charging documents.
"I made false and misleading statements about why it regained its peg by failing to disclose a trading firm's role in restoring that peg," Kwon said in court. "What I did was wrong."

He also faces charges in South Korea, and under his plea deal, prosecutors won't oppose his transfer abroad after he serves half of his U.S. sentence.
Government

Trump Signs Executive Order For Single National AI Regulation Framework, Limiting Power of States 129

President Trump signed an executive order establishing a single federal AI regulatory framework that preempts state-level rules, aiming to centralize oversight of the rapidly growing AI industry. "The Trump administration, with the aid of AI and crypto czar David Sacks, has been pursuing a path that would allow federal rules to preempt state regulations on AI, a move meant to keep big Democratic-led states like California and New York from exerting their control over the growing industry," notes CNBC.

Developing...
The Internet

India Proposes Charging OpenAI, Google For Training AI On Copyrighted Content (techcrunch.com) 10

An anonymous reader quotes a report from TechCrunch: On Tuesday, India's Department for Promotion of Industry and Internal Trade released a proposed framework that would give AI companies access to all copyrighted works for training in exchange for paying royalties to a new collecting body composed of rights-holding organizations, with payments then distributed to creators. The proposal argues that this "mandatory blanket license" would lower compliance costs for AI firms while ensuring that writers, musicians, artists, and other rights holders are compensated when their work is scraped to train commercial models. [...]

The eight-member committee, formed by the Indian government in late April, argues the system would avoid years of legal uncertainty while ensuring creators are compensated from the outset. Defending the system, the committee says in a 125-page submission (PDF) that a blanket license "aims to provide an easy access to content for AI developers reduce transaction costs [and] ensure fair compensation for rightsholders," calling it the least burdensome way to manage large-scale AI training. The submission adds that the single collecting body would function as a "single window," eliminating the need for individual negotiations and enabling royalties to flow to both registered and unregistered creators.

Government

Rubio Orders Diplomats To Return To Using Times New Roman Font (reuters.com) 201

An anonymous reader quotes a report from Reuters: U.S. Secretary of State Marco Rubio on Tuesday ordered diplomats to return to using Times New Roman font in official communications, calling his predecessor Antony Blinken's decision to adopt Calibri a "wasteful" diversity move, according to an internal department cable seen by Reuters. The department under Blinken in early January 2023 had switched to Calibri, a modern sans-serif font, saying this was a more accessible font for people with disabilities because it did not have the decorative angular features and was the default in Microsoft products.

A cable dated December 9 sent to all U.S. diplomatic posts said that typography shapes the professionalism of an official document and Calibri is informal compared to serif typefaces. "To restore decorum and professionalism to the Department's written work products and abolish yet another wasteful DEIA program, the Department is returning to Times New Roman as its standard typeface," the cable said. "This formatting standard aligns with the President's One Voice for America's Foreign Relations directive, underscoring the Department's responsibility to present a unified, professional voice in all communications," it added.

The Courts

Netflix Faces Consumer Class Action Over $72 Billion Warner Bros Deal (reuters.com) 49

Netflix's $72 billion bid to buy Warner Bros Discovery has triggered a consumer class action claiming the merger would crush competition, erase HBO Max as a rival, and hand Netflix control over major franchises. Reuters reports: The proposed class action (PDF) was filed on Monday by a subscriber to Warner Bros-owned HBO Max who said the proposed deal threatened to reduce competition in the U.S. subscription video-on-demand market. "Netflix has demonstrated repeated willingness to raise subscription prices even while facing competition from full-scale rivals such as WBD," the lawsuit said. [...] The lawsuit said the Warner Bros deal would eliminate one of Netflix's closest rivals, HBO Max, and give Netflix control over Warner Bros marquee franchises including Harry Potter, DC Comics and Game of Thrones. On Monday, Paramount Skydance launched a $108 billion hostile bid to buy Warner Bros. Discovery with an all-cash, $30-per-share offer.
The Almighty Buck

More People Crowdfunded Basic Needs In 2025, GoFundMe Report Shows (fastcompany.com) 37

An anonymous reader quotes a report from Fast Company: More and more people are turning to GoFundMe for help covering the cost of housing, food, and other basic needs. The for-profit crowdfunding platform's annual "Year in Help" report, released Tuesday, underscored ongoing concerns around affordability. The number of fundraisers started to help cover essential expenses such as rent, utilities, and groceries jumped 20%, according to the company's 2025 review, after already quadrupling last year. "Monthly bills" were the second fastest-growing category behind individual support for nonprofits.

The number of "essentials" fundraisers has increased over the last three years in all of the company's major English-speaking markets, according to GoFundMe CEO Tim Cadogan. That includes the United States, Canada, United Kingdom and Australia. In the United States, the self-published report comes at the end of a year that has seen weakened wage growth for lower-income workers, sluggish hiring, a rise in the unemployment rate and low consumer confidence in the economy. [...] Among campaigns aimed at addressing broader community needs, food banks were the most common recipient on GoFundMe this year. The platform experienced a nearly sixfold spike in food-related fundraisers between the end of October and first weeks of November, according to Cadogan, as many Americans' monthly SNAP benefits got suddenly cut off during the government shutdown.

Government

Congress Quietly Strips Right-To-Repair Provisions From US Military Spending Bill (theregister.com) 88

Congress quietly removed provisions that would have let the U.S. military fix its own equipment without relying on contractors, despite bipartisan and Pentagon support. The Register reports: The House and Senate versions of the NDAA passed earlier both included provisions that would have extended common right-to-repair rules to US military branches, requiring defense contractors to provide access to technical data, information, and components that enabled military customers to quickly repair essential equipment. Both of those provisions were stripped from the final joint-chamber reconciled version of the bill, published Monday, right-to-repair advocates at the US Public Interest Research Group (PIRG) pointed out in a press release. [...]

According to PIRG's press release on the matter, elected officials have been targeted by an "intensive lobbying push" in recent weeks against the provisions. House Armed Services Committee chair Mike Rogers (R-AL) and ranking Democrat Adam Smith (D-WA), responsible for much of the final version of the bill, have received significant contributions from defense contractors in recent years, and while correlation doesn't equal causation, it sure looks fishy. [Isaac Bowers, PIRG's federal legislative director] did tell us that he was glad that the defense sector's preferred solution to the military right to repair fight -- a "data as a service" solution -- was also excluded, so the 2026 NDAA isn't a total loss for the repairability fight. "That provision would have mandated the Pentagon access repair data through separate vendor contracts rather than receiving it upfront at the time of procurement, maintaining the defense industry's near monopoly over essential repair information and keeping troops waiting for repairs they could do quicker and cheaper themselves," Bowers said in an email.

An aide to the Democratic side of the Committee told The Register the House and Senate committees did negotiate a degree of right-to-repair permissions in the NDAA. According to the aide and a review of the final version of the bill, measures were included that require the Defense Department to identify any instances where a lack of technical data hinders operation or maintenance of weapon systems, as well as aviation systems. The bill also includes a provision that would establish a "technical data system" that would "track, manage, and enable the assessment" of data related to system maintenance and repair. Unfortunately, the technical data system portion of the NDAA mentions "authorized repair contractors" as the parties carrying out repair work, and there's also no mention of parts availability or other repairability provisions in the sections the staffer flagged -- just access to technical data. That means the provisions are unlikely to move the armed forces toward a new repairability paradigm.

Australia

Millions of Australian Teens Lose Access To Social Media As Ban Takes Effect (bbc.com) 137

Australia's world-first ban blocking under-16s from major social platforms has come into effect. The BBC is live reporting the reactions "both from within Australia and outside it." From the report: I've been speaking to 12-year-old Paloma, who lives in Sydney and says she is "sad" about the ban. She spends between 30 minutes and two hours a day on social media. "I'm upset... because I am part of several communities on Snapchat and TikTok," she tells me. "I've developed good friendships on the apps, with people in the US and New Zealand, who have common interests like gaming, and it makes me feel more connected to the world."

Paloma says she regularly talks about the ups and downs of her life with a boy of the same age in New Jersey, in the US, who she knows through gaming and TikTok. "I feel like I can explore my creativity when I am in a community online with people of similar ages," she says. Everyone Paloma knows is "a bit annoyed" about the ban. By stopping them from using social media, she says "the government is taking away a part of ourselves."

Two 15-year-olds, Noah Jones and Macy Neyland, backed by a rights group, are arguing at Australia's highest court that the legislation robs them of their right to free communication. The Digital Freedom Project (DFP) announced the case had been filed in the High Court late last month. After news of the case broke, Australia's Communications Minister Anika Wells told parliament the government would not be swayed. "We will not be intimidated by threats. We will not be intimidated by legal challenges. We will not be intimidated by big tech. On behalf of Australian parents, we will stand firm," she said.

Microsoft

Microsoft 365 Prices Rising For Businesses and Governments in July 2026 (reuters.com) 27

Microsoft has announced that it will raise prices on its Microsoft 365 productivity suites for businesses and government clients starting in July 2026, marking the first commercial price increase since 2022. Small business and frontline worker plans face the steepest hikes: Business Basic jumps 16.7% to $7 per user per month, while frontline worker subscriptions surge up to 33%. Enterprise plans see more modest bumps, ranging from 5.3% for E5 to 8.3% for E3. Microsoft attributed the increases to more than 1,100 new features added to the suite, including AI-driven tools and security enhancements. Copilot remains a separate $30-per-month add-on.
Microsoft

Microsoft To Invest $17.5 Billion in India (microsoft.com) 25

Microsoft announced on Tuesday its largest-ever investment in Asia -- $17.5 billion over four years starting in 2026 -- to expand cloud and AI infrastructure across India, fund skilling programs, and support ongoing operations in the country. The commitment adds to a $3 billion investment the company announced in January 2025 that is on track to be spent by the end of 2026. A new hyperscale cloud region in Hyderabad is set to go live in mid-2026 and will be Microsoft's largest in India, comprising three availability zones.

The company also plans to integrate AI into two government employment platforms -- e-Shram and the National Career Service -- that serve more than 310 million informal workers. Microsoft is doubling its India skilling target to 20 million people by 2030; since January, it has already trained 5.6 million.
China

Nvidia Can Sell H200 Chips To China For 25% US Cut (axios.com) 95

The Trump administration will allow Nvidia to resume selling H200 chips to China, but only if the U.S. government takes a 25% cut. Axios reports: Trump said on Truth Social that he'll allow Nvidia to sell H200 chips -- the generation of chips before its current, more-advanced Blackwell lineup -- to China, with the U.S. government pocketing a quarter of the revenue. He said he would apply "the same approach to AMD, Intel, and other GREAT American Companies."

American defense hawks fear that China could use Nvidia chips to advance its military ambitions. Trump said Monday that the sales will be subject to "conditions that allow for continued strong National Security." The blockade remains in place for Nvidia's current generation of Blackwell chips, which will be replaced in the second half of 2026 by even more advanced Rubin chips. Huang said recently he was unsure if China would want the older chips.
"We applaud President Trump's decision to allow America's chip industry to compete to support high paying jobs and manufacturing in America," Nvidia said in a statement. "Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America."
Censorship

Taiwan Cries Censorship As Government Bans Rednote (taipeitimes.com) 38

Longtime Slashdot reader hackingbear writes: Taiwan's government has ordered a one-year block of a popular, mainland Chinese-owned social media app Xiaohongshu, also known as The Little RedNote, citing its failure to cooperate with authorities over fraud-related concerns. Taiwan's Ministry of the Interior on Thursday cited Xiaohongshu's, which does not have business presence on the island, refusal to cooperate with authorities as the basis for the ban, claiming that the platform has been linked to more than 1,700 fraud-related cases that resulted in financial losses of 247.7 million Taiwanese dollars ($7.9 million). "Due to the inability to obtain necessary data in accordance with the law, law enforcement authorities have encountered significant obstacles in investigations, creating a de facto legal vacuum," the ministry said in a statement.

Chinese Nationalist Party (KMT), Taiwan's opposition party, Chairwoman Cheng Li-wun decried the government plan to suspend access to Chinese social media platform Xiaohongshu for one year as censorship. "Many people online are already asking 'How to climb over the firewall to access Xiaohongshu,'" Cheng posted on social media. Meta was facing fines earlier this year for failing to disclose information on individuals who funded advertisements on its social media platforms, marking the second such penalty in Taiwan for violating the anti-fraud act. "Meta failed to fully disclose information regarding who paid for the advertisement and who benefited from it," Depute Minister Lin of Ministry of Digital Affairs said at a news conference on June 18.

If MODA decides to impose the fine, it would mark the second such penalty against Meta in Taiwan, following a NT$1 million ($33,381) fine issued in May for violating the Fraud Crime Hazard Prevention Act by failing to disclose information on individuals who commissioned and funded two Facebook advertisements. Meta's Threads were also included in the regulatory framework following nearly 1,900 fraud-related reports associated with the platform, with 718 confirmed as scams. Xiaohongshu has surged in popularity among young Taiwanese in recent years, amassing 3 million users in the island of 23 million.

Businesses

How the Dollar-Store Industry Overcharges Cash-Strapped Customers While Promising Low Prices (theguardian.com) 108

Dollar General and Family Dollar stores have collectively failed more than 6,400 government price-accuracy inspections since January 2022, charging customers more at checkout than the prices displayed on shelves for everything from frozen pizzas to puppy food, according to an investigation by the Guardian. The review examined records from 45 states and more than 140 counties and cities. Dollar General stores failed over 4,300 inspections across 23 states, and Family Dollar failed more than 2,100 in 20 states. Error rates at the worst-performing locations reached staggering levels -- 76% at a Dollar General in Hamilton, Ohio and 68% at a Family Dollar in Bound Brook, New Jersey. A Family Dollar in Provo, Utah failed 28 consecutive inspections.

Industry watchers, employees and lawsuits attribute the discrepancies to minimal staffing. Registers update automatically when prices change, but shelf labels require manual replacement, and workers often lack the time. State attorneys general have pursued settlements -- Arizona reached a $600,000 deal with Family Dollar in May, Colorado settled with Dollar General for $400,000 in October and Ohio secured $1 million from Dollar General after finding error rates as high as 88%. Both companies declined interview requests but said they remain committed to pricing accuracy.
United States

Could America's Paper Checks Be On the Way Out, Like the Penny? (cnn.com) 144

"First the penny. Next, paper checks?" asks CNN: When the U.S. Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper checks as well. The government stopped sending out most paper checks to recipients as of the end of September, part of an effort to fully modernize federal benefits payments. And on Thursday the Federal Reserve put out a notice that suggested it is considering — but only considering — the "winding down" of checking services it now provides for banks.

The central bank's statement said that as an alternative to winding down those services, it is mulling more investment in its check processing services, but noted that would come at a higher cost. But it is also considering not making any such investments, in order to keep costs roughly unchanged. That would lead to reduced reliability of those services going forward. "Over time, check use has steadily declined, digital payment methods have grown in availability and use, and check fraud has risen," said the notice from the Fed. "Also, the Reserve Banks will need to make substantial investments in their check infrastructure to continue providing the same level of check services going forward."

A report from the Federal Reserve Bank of Atlanta in June found that as of last year, more than 90% of surveyed consumers said they prefer to use something other than a check for paying bills, and just 6% paid by check. That's a sharp drop from the 18% of bills paid by checks as recently as 2017. Consumers also reported they view checks as second-worst for convenience and speed of payment, ahead of only money orders. And they're ranked as the least secure form of any payment other than cash.

But even if it's true that options such as direct deposit, automatic bill paying and electronic payment systems such as Venmo, PayPal and Zelle have all reduced the need for traditional checks, paper checks are still an important part of the payment system. They make up about 5% of transactions and represent 21% of the value of all those payments, according to a statement from Michelle Bowman, the Fed's vice chair for supervision, who dissented from the Fed's Thursday statement.

The Courts

Google Must Limit Its 'Default Search' Contracts to One Year, Judge Rules (yahoo.com) 6

Bloomberg reports that Google "must renegotiate any contract to make its search engine or artificial intelligence app the default for smartphones and other devices every year, a federal judge ruled." Judge Amit Mehta in Washington sided with the US Justice Department on the one year limitation in his final ruling on what changes the search giant must make in the wake of a landmark ruling that the company illegally monopolized online search. The yearly renegotiation will give rivals — particularly those in the burgeoning generative AI field — a chance to compete for key placements.

The final judgment will still allow Google to offer its products to Apple Inc. for use in its popular iPhone and pay other electronics makers like Samsung Electronics Co. for default placement. But the judge said those contracts must be renegotiated annually. Mehta noted in his ruling that both Google and the US government said they could work with the one-year limitation on default contracts. As such, "the court holds that a hard-and-fast termination requirement after one year would best carry out the purpose of the injunctive relief."

Transportation

Aptera's Solar-Powered EVs Take Another Step Toward Production (sdbj.com) 32

To build three-wheeled, solar electric vehicles, Aptera has now launched its "validation" vehicle assembly line, reports the San Diego Business Journal.

"The validation line will set a technical foundation for the company's eventual low-volume assembly line, ensuring that manufacturing processes are optimized and refined, particularly for the company's composite body structure." To date, Aptera has produced three validation vehicles, two of which are in use driving around the San Diego region, with plans to build another 10 in the coming weeks as progress continues on the validation manufacturing line. "You learn things when you start to put miles on vehicles, putting 10s of thousands of miles on these validation vehicles and learning a lot from the durometer of the suspension, ride quality, spring rates and braking pressure," Aptera co-founder and co-CEO Chris Anthony said. "We've been able to incorporate a lot of the usability stuff back, but also, just as we've gone through the process of building these, a lot of order-of-operation stuff that's educated us on what's going to make for the best initial assembly lines," he added....

Aptera made its public debut on October 16, with the company's executive team participating in the Nasdaq closing bell ceremony that evening. Shares of SEV have hovered between $6.50 and $8.50 for much of the company's first month on the exchange. The company's equity line of credit also took effect in mid-November... expected to aid in Aptera generating at least a portion of the $65 million the company has said it will need to complete validation manufacturing and begin low-volume production for customers. Aptera previously raised some $135 million from more than 17,000 investors in what the company touts as the most successful crowdfunding effort of all time, but Anthony argued Aptera will soon need to invest larger sums of capital to scale its production needs.

"Publicly listing the company gives us a lot more funding mechanisms to get into production," he said. "So just having access to the public markets, public liquidity and the kind of instruments and tools that banks offer to public companies, it just seemed like now is the right time." Alongside the IPO, Aptera made its formal transition to a Public Benefit Corporation, giving the company a legal obligation to consider its effect on employees, communities and customers in addition to the profit motives of its shareholders.

California's state government also awarded Aptera $21 million "to support its push toward scaled manufacturing," the article points out.

It also notes that Aptera's vehicles "are technically classified as motorcycles rather than standard passenger cars, presenting a potentially cheaper alternative for consumers on the hunt for an electric vehicle."
Television

Could Netflix's Deal for Warner Bros. Fall Apart? (cnbc.com) 54

While Netflix hopes to buy Warner Bros. Discovery for $72 billion, CNBC reports a senior official in America's federal government said the administration was viewing the deal with "heavy skepticism. And that's not the only hurdle: On Thursday, The Wall Street Journal reported that Paramount, in a letter to lawyers for Warner Bros. Discovery [WBD], had warned that a sale to Netflix likely would "never close" because of regulatory challenges in the United States and overseas. "Acquiring Warner's streaming and studio assets 'will entrench and extend Netflix's global dominance in a matter not allowed by domestic or foreign competition laws,' Paramount's lawyers wrote," the Journal reported.
Paramount "is now weighing its options about whether to go straight to shareholders with one more improved bid," CNBC reported Friday, "perhaps even higher than the $30-per-share, all-cash offer it submitted to Warner Bros. Discovery this week."

And CNBC reported Friday that the review by America's Department of Justice "can take anywhere from months to more than a year." Netflix said Friday it expects the transaction to close in 12 to 18 months, after Warner Bros. Discovery spins out its portfolio of cable networks into Discovery Global... As part of the deal, Netflix has agreed to pay a $5.8 billion breakup fee to Warner Bros. Discovery if the deal were to get blocked by the government.
Netflix's planned move is already drawing high-powered criticism, reports CNN:
  • "The world's largest streaming company swallowing one of its biggest competitors is what antitrust laws were designed to prevent. The outcome would eliminate jobs, push down wages, worsen conditions for all entertainment workers, raise prices for consumers, and reduce the volume and diversity of content for all viewers...." the Writers Guild of America union representing Hollywood writers.
  • "Producers are rightfully concerned... Our legacy studios are more than content libraries — within their vaults are the character and culture of our nation." — The Producers Guild of America
  • The deal raises "many serious questions" about the entertainment industry's future, "especially the human creative talent whose livelihoods and careers depend on it." — SAG-AFTRA, Hollywood's biggest actors union
  • "This is not a win for consumers. Netflix has already aggressively raised prices, increased ad load, and stopped people from sharing passwords. Absorbing a competitor with strong content will only lead to its service becoming more expensive and give consumers less choice." — Ross Benes, a senior analyst at eMarketer, told CNN. [Benes also thinks this could mean fewer companies spending heavily on movies and TV shows. "This contracts the industry."

China

Chinese-Linked Hackers Use Backdoor For Potential 'Sabotage,' US and Canada Say (reuters.com) 10

U.S. and Canadian cybersecurity agencies say Chinese-linked actors deployed "Brickstorm" malware to infiltrate critical infrastructure and maintain long-term access for potential sabotage. Reuters reports: The Chinese-linked hacking operations are the latest example of Chinese hackers targeting critical infrastructure, infiltrating sensitive networks and "embedding themselves to enable long-term access, disruption, and potential sabotage," Madhu Gottumukkala, the acting director of the Cybersecurity and Infrastructure Security Agency, said in an advisory signed by CISA, the National Security Agency and the Canadian Centre for Cyber Security. According to the advisory, which was published alongside a more detailed malware analysis report (PDF), the state-backed hackers are using malware known as "Brickstorm" to target multiple government services and information technology entities. Once inside victim networks, the hackers can steal login credentials and other sensitive information and potentially take full control of targeted computers.

In one case, the attackers used Brickstorm to penetrate a company in April 2024 and maintained access through at least September 3, 2025, according to the advisory. CISA Executive Assistant Director for Cybersecurity Nick Andersen declined to share details about the total number of government organizations targeted or specifics around what the hackers did once they penetrated their targets during a call with reporters on Thursday. The advisory and malware analysis reports are based on eight Brickstorm samples obtained from targeted organizations, according to CISA. The hackers are deploying the malware against VMware vSphere, a product sold by Broadcom's VMware to create and manage virtual machines within networks. [...] In addition to traditional espionage, the hackers in those cases likely also used the operations to develop new, previously unknown vulnerabilities and establish pivot points to broader access to more victims, Google said at the time.

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