Airbus beats Boeing, Trump Media's lawsuit, and Google's AI chips

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Image for article titled Airbus beats Boeing, Trump Media's lawsuit, Google's AI chips, Russia's rocket: Business news roundup — Photo: Sergey Bobylev (AP), Justin Sullivan (Getty Images), Charly Triballeu/AFP (Getty Images), Win McNamee (Getty Images), Screenshot: Google Next 2024 Livestream, Image: Dado Ruvic (Reuters), Brian Snyder (Reuters)

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Russia launched a post-Cold War rocket for the first time from a remote launch site

The Angara-A5 rocket lifting off from the Vostochny cosmodrome in Amur Oblast, Russia, April 11, 2024.

The three-stage rocket has taken flight on three previous occasions, but its launch from the Vostochny Cosmodrome in the far eastern Amur region marks an important first, as Russia seeks to modernize its space program and keep pace with the rest of the world.

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Nvidia is giving employees a 25% stock boost and calling it the ‘special Jensen grant’

close up of Jensen Huang on stage holding up AI hardware — Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.

Demand for Nvidia’s chips led the company to become the first chipmaker to hit a $2 trillion market cap, and now it’s reportedly rewarding staff with a stock boost.

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Airbus just confirmed it will leave Boeing in the dust this year

French aircraft giant Airbus has delivered 142 planes to customers this years, nearly twice as many as its American rival Boeing, which is struggling with production amid heightened scrutiny after a door plug fell off one of its planes mid-flight in January. And at an investor meeting, Airbus confirmed that it will keep up that dominance for the rest of the year.

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Google’s new chips look to challenge Nvidia, Microsoft and Amazon

Google Cloud CEO Thomas Kurian unveils Google Axion at Google Next 2024 in Las Vegas.

Google said one of the few alternatives to Nvidia’s popular AI chips is now available to developers — and took a shot at Microsoft and Amazon, too.

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The former CEO of the company that merged with Trump Media is suing over a ‘coup d’état’

Trump Media, the company behind former President Donald Trump’s Truth Social, completed its merger with DWAC and went public on the Nasdaq on March 26.

Image: Dado Ruvic (Reuters)

The former CEO of Digital World Acquisition (DWAC), the blank check company that merged with Trump Media & Technology Group last month to take it public, is suing his replacement for allegedly hacking his files and staging an “audacious scheme to seize control” of the publicly traded company.

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Janet Yellen says tariffs are on the table to stop a ‘China Shock’ as official urges U.S. not to ‘politicize’ trade

China is increasingly growing its influence and power in the green energy industry, leaving U.S. and European officials worried about being flooded by the country’s subsidized exports.

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Elon Musk’s ‘self-inflicted wounds’ and other highlights from a newly released deposition

Elon Musk has never been one for restraint, whether it be announcing his latest potential Tesla and Neuralink plans or posting on X, formerly known as Twitter.

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New data on Moderna’s cancer vaccine sends stock rising

A sign marks the headquarters of Moderna Therapeutics — Moderna stock grew 6% on Tuesday, closing at $111.60

Moderna stock jumped over 6% after the the company announced positive results for an experimental, personalized cancer vaccine in an early trial for patients living with a type of head and neck carcinoma.

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