BANKERS WARN OF SOFTWARE DEBT CRISIS AHEAD
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Financial leaders are sounding the alarm on mounting software debt as a major economic risk. Top executives from Barclays, Neuberger Berman, Pimco, and Oaktree gathered to discuss the looming threat to corporate stability.
■ MORE FROM THE BUSINESS DESK
A California court ruled against AT&T's attempt to stop offering basic telephone service in the state. The carrier plans to continue challenging the decision through additional court filings and FCC appeals.
The U.S. Space Force is pursuing up to $30 billion in commercial rocket launch services to meet increased operational demands from the Trump administration.
Snap Inc. has reached a tentative settlement in a lawsuit claiming its platform is addictive to minors, leaving Meta as the only major social media company facing a jury trial on the same issue starting next week in Los Angeles.
The European Union hit AliExpress with its largest Digital Services Act penalty to date after the Chinese e-commerce platform failed to implement required consumer protections. The fine marks escalating EU enforcement against tech giants.