Meta's AI bill
Meta shares rise after an earnings beat and excitement around its new Muse AI agent, even as the company burns cash and plans a new share sale. Tesla falls after cutting spending and lowering long-term sales ambitions, adding to questions about a possible merger with SpaceX. Oil prices climb after fresh attacks in Saudi Arabia and a lack of diplomatic progress in both the Middle East and Ukraine. And French borrowing costs hit their highest since 2002 as investors brace for a potential credit-rating downgrade.
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The skinny
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