US to fund speculative nuclear fusion venture backed by investors with ties to Trump - Financial Times

Meta experiences a sell-off

Meta shares were hit hard on Thursday, affecting US tech stocks as concerns over AI spending increased. Despite this downturn, Meta reported a healthy $64 billion in Q3 revenue and announced a stock split. Meanwhile, the US government is funding a speculative nuclear fusion project with investors linked to former President Donald Trump. The European space sector is also facing challenges due to the Starlink saga. The Financial Regulatory Authority approved model short-selling contracts, and Blackstone is evaluating $10 billion to assess banks' AI risks. Axel Springer's co-owner is looking into acquiring TikTok's European division.

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