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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Why Intel Stock Sank Today
Intel's Stock Decline Due to Competitive PressuresIntel (NASDAQ: INTC) experienced a significant stock sell-off on Wednesday, with shares closing down 6.3% amid rising competitive pressures. The decline followed news of an upcoming product from Nvidia that could rival Intel in the central processing unit (CPU) market, coupled with reports indicating that Advanced Micro Devices (AMD) is expected to continue capturing market share from Intel in the server CPU sector. These developments have negatively impacted Intel's...
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