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Elon Musk Secures Absolute Control Over SpaceX Ahead of Public Offering

Key Points: SpaceX told investors that no one can remove Elon Musk from his leadership roles without his direct consent. The company will use a dual-class share system, giving Musk super-voting Class B shares with 10 votes each. Corporate governance experts call this level of control highly unusual compared to other major technology companies. SpaceX incorporated in Texas after a Delaware judge previously voided a...

China Threatens Retaliation Over Proposed European Ban on Huawei

Key Points: China warned the European Union of direct countermeasures if it bans Huawei and ZTE telecommunications equipment. Chinese officials demanded the removal of draft language labeling their technology companies as high-risk suppliers. Commission Vice President Henna Virkkunen wants to make the removal of Chinese network equipment mandatory across the continent. Several European nations already limit Huawei technology under voluntary guidelines issued back in 2020....

Uber Partners with Expedia to Launch In-App Hotel Booking

Key Points: Uber launched a new feature that allows users to book over 700,000 hotels directly in its app. The ride-hailing company partnered with Expedia Group to power the massive hotel inventory system. Uber One members receive 20% discounts on select hotels and earn 10% back in Uber Credits on bookings. Uber One membership surged to 46 million users by the end of 2025, marking...