Apple named hardware chief John Ternus to succeed Tim Cook as CEO in September, with Cook becoming executive chairman. Investors see the hardware focus positively amid concerns over Apple's lag in AI compared to megacap peers.
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CISA warned that hackers are actively exploiting a recently patched high-severity flaw in SolarWinds Serv-U software to crash servers and added it to its Known Exploited Vulnerabilities Catalog. The agency ordered federal agencies to patch by June 19 and urged all organizations to mitigate the ongoing attacks immediately.
S&P Dow Jones Indices refused to waive seasoning, profitability, or public float rules for SpaceX's IPO, blocking accelerated S&P 500 entry that could have unlocked billions in passive funds. The same barriers now apply to expected IPOs from OpenAI and Anthropic, limiting exposure of retirement assets to unprofitable AI bets.
New York lawmakers approved a one-year moratorium on new large data centers, the first such statewide measure if signed by Governor Hochul. The pause aims to study environmental and energy impacts amid growing AI-driven demand.
