In a recent development, former President Donald Trump has requested the US Supreme Court to delay a legislative deadline that would require the sale or ban of TikTok until he is sworn in as president in 2025. The legislation, aimed at addressing national security concerns related to the Chinese-owned app, mandates ByteDance to divest TikTok by January 19, 2025, or face a potential ban. Trump’s request seeks to allow his incoming administration to negotiate a “political resolution” to save the app, despite his previous efforts to block it during his presidency.
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Adobe Reports AI-Fueled Earnings Beat
Adobe (NASDAQ: ADBE) reported a record $5.87 billion in revenue for its fiscal second quarter, reflecting an 11% increase year-over-year, alongside $2.15 billion in free cash flow, achieving a 37% margin. Both the Digital Media segment, which includes Creative Cloud, and the Digital Experience segment experienced robust double-digit growth. More Context
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