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Study links 122 fossil fuel and cement firms to half of American West's water losses

A new study attributes roughly half of the water depletion driving the American West's crisis to emissions from just 122 fossil fuel and cement producers, including BP, Chevron, ExxonMobil, and Shell. The research is described as the first of its kind to quantify how specific corporate emitters contribute to regional water loss tied to climate change, rather than treating drought as an isolated natural phenomenon.

Meta's AI-driven restructuring plan aimed to cut some teams by 60%, Reuters reports

Reuters reports that Meta developed an internal restructuring effort, codenamed Project OT, that explored replacing much of the daily work of thousands of employees with AI systems overseen by small human teams. The plan, reportedly set in motion by CEO Mark Zuckerberg, called for two rounds of layoffs; the first occurred in May, but Meta scrapped the second round. Meta confirmed the scenario-planning exercise took place but said not every scenario was implemented, noting thousands of employees were instead redeployed to new priority teams.

IDC projects Apple will ship over 10 million foldable iPhones in first year

Ahead of Apple's expected September 9 unveiling of its first foldable iPhone, research firm IDC forecasts the device will ship more than 10 million units within its debut year despite a rumored price around $2,500. The estimate aligns with a separate Counterpoint Research forecast projecting Apple will capture 25% of foldable smartphone shipments in 2026, as Samsung's share slips from 40% to 32%.

Stripe acquires startup legal paperwork platform Clerky

Stripe has acquired Clerky, an online legal services platform used by startups and their attorneys to handle routine formation and financing paperwork. Clerky says it will keep its existing team and focus after joining Stripe, continuing to serve the same startup and attorney customer base. The company reports its startups account for 23% of Silicon Valley seed and pre-seed financings and have collectively raised over $140 billion in venture capital.

Salesforce Q2 profit surges on Anthropic stake gain, beats revenue forecast

Salesforce's fiscal second-quarter results topped Wall Street estimates, with revenue up 11% to $11.35 billion and net income jumping 87% to $3.53 billion, partly fueled by a $2.6 billion gain on its investment in Anthropic. The company also raised its full-year revenue outlook to $46.1-$46.4 billion and unveiled Claudeforce, a Claude-powered plugin that automates sales tasks like email drafting and record updates.

CrowdStrike Q2 revenue jumps 26% to $1.47B as AI-driven cyber demand surges

CrowdStrike beat Wall Street expectations for its fiscal second quarter, posting adjusted earnings of 31 cents per share and revenue of $1.47 billion, up 26% year over year. Annual recurring revenue climbed 25% to $5.84 billion, and the company swung to net income of $5.3 million from a loss a year earlier. Shares rose more than 11% in after-hours trading following the results and raised guidance.

Democrats See Expanding Senate Map in Alaska, North Carolina Amid Trump Approval Slide

With 2026 primaries mostly wrapped up, Democrats are eyeing several paths to retake the Senate majority beyond their original four-state plan targeting Alaska, North Carolina, Ohio and Maine. Strategists point to President Trump's approval rating dropping below 40 percent—and even near 30 percent in one poll—amid an unpopular Iran conflict and rising gas and grocery costs. In Alaska, former Rep. Mary Peltola leads incumbent Sen. Dan S. Sullivan by over 5 points, while a same-named candidate, Dan J. Sullivan, also made the general-election ballot, potentially confusing voters.

Okta shares jump 19% as AI-driven identity security demand lifts earnings

Okta reported quarterly revenue up 11% to over $800 million and net income more than doubling to $116 million, beating Wall Street estimates and sending shares up 19%. The company said new products, including its Okta for AI Agents tool now available to all customers, drove 30% of total bookings, with dozens of new AI-related deals closed including a multi-million-dollar healthcare contract.

Meta agrees to $16.7B settlement adding teen safety limits to Instagram, Facebook

Meta reached a proposed settlement with a coalition of state attorneys general over lawsuits alleging harm to young users, avoiding a federal trial in Northern California. The deal, approved by Judge Yvonne Gonzalez Rogers, includes payments of up to $16.7 billion over a decade and new teen-focused features like forced time limits, notification blocks, and a chronological feed option.

Salesforce and Anthropic launch 'Claudeforce' sales plugin for Claude

Salesforce and Anthropic expanded their partnership by unveiling Claudeforce, a plugin embedding 37 pre-built sales skills directly into Anthropic's Claude chatbot, letting users draft emails, update records and perform other CRM tasks. It's the first time Salesforce has attached its 'force' branding to another company's product, with more integrations across Claude, Salesforce and Slack planned. The news came alongside Salesforce's fiscal second-quarter earnings, which beat Wall Street estimates.

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