Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
ADNOC Gas Targets Up to $4B Profit in 2026 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Facebook was revealed to have made a $1 billion pledge in news investment for the next three years. Mark Zuckerberg’s company made the announcement just a day after its dispute with the Australian government over news payments has finally ended.
Facebook’s pledge to support journalism
Reuters reported that Facebook’s commitment to the media industry follows Google’s similar investment in 2020, around the time when tech firms have come under scrutiny over their business model and the spread of misinformation or fake news on their respective platforms.
Moreover, Facebook stated that since 2018, Facebook has already invested a total of $600 million in the news media industry. The social media company further shared that it is currently negotiating with Germany and France’s local news publishers to come up with a deal for content payment schemes.
In any case, Nick Clegg, Facebook’s global affairs head, said that the company is very willing to bankroll journalism as long as there will be no concerns with the mandated payment terms.
"Facebook is more than willing to partner with news publishers," Channel News Asia quoted as saying in a statement after the stand-off with Australia this week has been resolved. "We absolutely recognize quality journalism is at the heart of how open societies function - informing and empowering citizens and holding the powerful to account."
The dispute between FB and the Australian officials finally concluded on Tuesday after the Aussies amended its proposed media bargaining code. Facebook also lifted its ban and restored Australian news pages.
Australia passes new media law
It is now certain that Facebook, Google, and other digital platforms have to pay for news content after the new media code has been approved and passed today. The policy was signed after the officials made last-minute changes agreed on by Facebook.
The passing of the code was confirmed by Treasurer Josh Frydenberg via Twitter a few hours earlier. The bill is not officially called the News Media and Digital Platforms Mandatory Bargaining Code.
“The Morrison Government’s world-leading news media bargaining code has just passed the Parliament,” he tweeted. “This is a significant milestone.”
