The European Commission published a Code of Practice for marking and labeling #AI-generated content, supporting transparency obligations under the EU AI Act. US AI companies serving EU users will need to label synthetic content and prove it. #regulation#AIAct
Following up on the chip tax credit: the SIA and 17 other business groups are urging Congress to extend and expand the 25% Advanced Manufacturing Investment Credit before it sunsets at the end of 2026. The fight over US chip incentives is now live. #semiconductors#tax
#SpaceX's S-1 disclosed 18,712 #Bitcoin (cost $661M, ~$35K avg). With Tesla's 11,509 BTC, Strategy's #Saylor says 25% of the "Mag8" mega-cap tech now holds #BTC on balance sheet. Both BTC-holding Mag8 members are Musk-linked. #treasury#crypto
#SpaceX (#SPCX) closed its first trading day Friday up 19% at ~$2.1T market cap, the 7th-largest public company. #FTSE will add to #Russell1000 and Russell Top 200 on June 26 under May 2026 fast-entry rule; #MSCI adds to standard and large-cap indexes June 29. #IPO#fintech
#ElonMusk became the world's first trillionaire today, with net worth at ~$1.1T-$1.2T per Google AI Overview, The Guardian, and KCRA, following #SpaceX 's record $1.77T #IPO debut on #Nasdaq under SPCX. A financial-history first concentrated in a single founder. #fintech