CALIFORNIA (CONVERSEER) – Today, 16th September, we are bringing you top business and tech stories as Google hit $3 trillion, Musk buys $1B of Tesla, Trump wants to cancel quarterly reports, and more.
Today’s stories:
- Scientists test gene editing to remove Down syndrome
- Trump pushes to kill quarterly earnings reports
- Apple TV+ dominates Emmys with big wins
- Apple’s new macOS goes full see-through
- Alphabet hits $3T market cap on AI hype
- Saks holiday lights return after blackout
- Armani heirs ordered to sell the empire
- PayPal adds crypto to peer payments
- U.S. and China strike TikTok deal
- Musk drops $1B on Tesla stock
Business and Finance
Alphabet Joins the $3 Trillion Cool Kids Club
Alphabet just joined the $3 trillion club, sitting next to Apple and Microsoft while Nvidia struts around with $4.25 trillion. Google’s parent company hit the milestone after a 32% stock surge this year, powered by AI hype and a friendly antitrust ruling. Alphabet is now the star of the “Magnificent 7,” leaving the S&P 500 in the dust. Investors are betting big that AI will keep juicing tech stocks—and maybe that the Fed will finally cut rates. Wall Street basically doesn’t care about anything else right now.
Musk buys $1B of Tesla. Elon Musk just dropped $1 billion to buy more Tesla stock, sending shares up 6% in a day. He already owns 13% but wants more control, especially as he keeps pushing robotaxis, AI, and other pet projects. This comes after Tesla’s board floated a $1 trillion pay package that could hand him another 12% stake if targets are met—plus a $29 billion “interim” award tossed his way last month. Musk has been demanding 25% or else, threatening to walk if he doesn’t get it. Analysts call his buy a “vote of confidence,” but it also looks a lot like a move to pump Tesla’s stock after Larry Ellison briefly stole the richest-man crown.
Trump wants to cancel quarterly reports. President Donald Trump wants to kill quarterly earnings reports and make companies file just twice a year. His logic: less paperwork, more time for CEOs to actually run things. Or, more time to golf—depends who you ask. He floated the same idea in 2018 and nothing happened. Now he’s back on Truth Social, ranting about how China plans 100 years ahead while the U.S. obsesses over the next three months. Buffett and Dimon have complained too, but the SEC still forces quarterly reports. For now, Trump’s pitch is just another post, not policy.
TikTok drama nears finale. The U.S. and China say they’ve got a “framework” deal on TikTok, according to Treasury Secretary Scott Bessent. Trump and Xi are set to meet Friday to hammer it out, while TikTok’s parent ByteDance stares down a Sept. 17 deadline to sell or get banned. The plan reportedly shifts TikTok toward U.S.-controlled ownership. Trump bragged on Truth Social that the deal would save a company “young people very much wanted,” proving he still thinks TikTok is basically national security meets teen dance trends. China confirmed the framework but griped about U.S. “suppression.”
Armani’s heirs told to cash in. Giorgio Armani’s last move wasn’t a fashion show—it was a business plan. The designer, who died at 91, told his heirs to sell the company or take it public. Within 18 months, 15% must go. Within five years, up to 54.9% more should follow, ideally to giants like LVMH or L’Oréal.
The Giorgio Armani Foundation will keep at least 30% to guard the brand’s “values,” but independence is gone. After decades of saying no to conglomerates, Armani handed them the runway in his will.
Tech and Science
Apple Tahoe: Transparency Is the New Innovation
Apple rolled out macOS Tahoe 26, the last major update Intel Mac owners will ever see before being shoved into tech retirement. The big change is Apple’s new “Liquid Glass” design, which makes every menu, button, and bar see-through. Your screen now looks like it’s covered in Windex. Spotlight search finally got a brain upgrade. It ranks results better and can actually do tasks like sending an email or starting a note without opening apps. Tahoe also lets you slap colors on folders so your desktop looks organized, even if your life isn’t. The flashiest addition is the new Phone app, turning your Mac into a giant iPhone that can handle calls, voicemail, and even stay on hold with customer service while you pretend to work. Apple added live translation too, so your computer can butcher foreign languages across text, calls, and FaceTime in real time.
PayPal brings crypto into peer-to-peer transfers. PayPal is rolling out PayPal Links, a one-time payment system that lets users send or request money with a simple link—basically Venmo for people who still use email. Unlike PayPal Me, which only let others send you money, Links can handle both sides of the transaction and expire after 10 days. The big twist: crypto support is coming soon in the U.S., so you’ll be able to shoot Bitcoin, Ethereum, and stablecoins through PayPal, Venmo, and other wallets. First stop is the U.S., then the U.K. and Italy later this month.
Gene editing shows potential to erase Down syndrome. Japanese scientists say CRISPR gene editing might one day erase Down syndrome by slicing out the extra chromosome 21. In lab tests, removing the surplus chromosome made cells act more “typical,” boosting genes tied to brain development and calming ones linked to metabolism. The research, out of Mie University, used a targeted approach that successfully deleted the extra chromosome in lab-grown cells and even in mature skin cells from people with Down syndrome. It’s still early-stage science, but the tech suggests a future where trisomy 21 could be edited out entirely.
Others
Saks Holiday Lights Back in NYC After a Year in the Dark
Saks Fifth Avenue is bringing back its holiday light show this November after last year’s blackout—the first in 20 years. The cut was blamed on cost savings, but now the money’s back and so are the lights. The Fifth Avenue flagship will again blast choreographed music and LEDs across from Rockefeller Center, drawing the usual tourist mobs and local eye-rolls. Holiday windows return too, because Midtown without sparkle might actually riot.
Emmys 2025: Apple TV+ takes the crown. The 77th Emmys handed out trophies Sunday in LA, and Apple TV+ owned the night. Comedy hit The Studio hauled in 13 wins, while Severance grabbed eight but lost best drama to HBO Max’s The Pitt. Big moments: Noah Wyle finally snagged his first Emmy 26 years after E.R. made him famous, and 15-year-old Owen Cooper became the youngest male actor ever to win, thanks to Netflix’s Adolescence.
Source: Increadible
