Trump discloses $25 million Meta stake, multimillion-dollar SpaceX investment

Meta and Alphabet are collaborating with the US government on a $1.8 billion AI biology initiative, with Meta contributing $300 million. The project aims to accelerate drug development using AI. Meta's stock has risen 18% in the last 6 months, with a price target of $798. Despite this initiative, Meta's core business and spending remain key drivers for its stock.

Duke Energy reached a settlement in North Carolina requiring large-load customers, including data centers operated by Amazon, Google, Meta, and Microsoft, to pay upfront for grid infrastructure. The agreement lowers the threshold for large loads from 100MW to 50MW with an 80% load factor for ESAs signed after June 1, 2026. Duke Energy aims to shield other customers from these costs while ensuring reliability and economic benefits.

Florida's attorney general requested a court order to limit Meta's features for teens, including disabling infinite scroll and capping daily usage. Meta's stock fell 2.38% to $721.31. The case could impact Meta's ad revenue, which accounted for 97.6% of its Q2 revenue. Florida rejected a $18B settlement accepted by other states. New Mexico seeks $35B-$40B in penalties, with a ruling expected soon. Wells Fargo raised its price target, citing investor enthusiasm for Meta's products.

Biohub, Google, Meta, and the U.S. government are collaborating on a $1.8B project to generate biological data for AI models. Google, Meta, and Isomorphic Labs will invest $300M, while the DOE and NIH will contribute over $500M each. The goal is to create standardized data for predictive cell models, accelerating scientific research.

Meta (FB) agreed to impose a 2-hour daily limit on Facebook and Instagram for teens under 18 in certain US states, as part of a settlement with state attorneys general. The limit is cumulative across both platforms, with exceptions for direct messaging. Additional restrictions include nighttime access blocks and reduced notifications during school hours. Meta may pay up to $17.1 billion to participating states.

Florida sued Meta, seeking a court order to enforce stricter safety measures on Instagram and Facebook for young users, including age verification and usage limits. The state rejected a $18B settlement Meta reached with 48 other states, calling it insufficient. Meta has denied wrongdoing and claims it prioritizes teen safety.