Qualcomm has reported a significant loss of $3.12 billion in the fourth quarter due to a hefty tax charge, despite seeing a 10% rise in revenue. This situation highlights the challenges the company faces in managing its tax obligations while trying to grow its sales. Investors will be keen to see how Qualcomm navigates these financial hurdles moving forward.

Amazon has filed a lawsuit against Perplexity AI, claiming that its AI tool, Comet, is misleading users by shopping on their behalf without proper disclosure. This legal battle raises important questions about the ethics of AI in e-commerce and the responsibilities of tech companies to adhere to service agreements. As the case unfolds in San Francisco federal court, it highlights the ongoing tension between innovation and regulation in the rapidly evolving tech landscape.

Following Zohran Mamdani's significant victory in New York City's mayoral race, the tech industry is eager to find common ground with the newly elected leader, who identifies as a democratic socialist. Julie Samuels, the CEO of Tech:NYC, expressed optimism about collaborating with Mamdani during her appearance on Bloomberg Tech. This partnership could lead to innovative policies that bridge the gap between technology and progressive governance, making it a pivotal moment for both sectors.

Figma's CEO Dylan Field recently shared an optimistic outlook for the company after raising its full-year sales forecast and acquiring Weavy. With projected revenues between $292 million and $294 million for the current quarter, this news highlights Figma's growth and innovation in the design software space, especially with the introduction of new tools. This is significant as it reflects the company's strong position in a competitive market and its commitment to enhancing user experience.

Concerns are rising over the valuations of AI chips as investors express skepticism about their worth. JoAnne Feeney from Advisors Capital Management highlighted the volatility in chip stocks during her discussion with Ed Ludlow on Bloomberg Tech. This matters because it reflects broader uncertainties in the tech market, particularly regarding the sustainability of AI-driven investments.

The Supreme Court is showing skepticism regarding Trump's authority to impose global tariffs, as noted by former USTR general counsel Greta Peisch. She suggests that despite this skepticism, the administration may still find alternative ways to achieve similar economic impacts. This discussion is significant as it could influence future trade policies and the administration's approach to international economic relations.

Apple is gearing up to launch a more affordable Mac to compete with Chromebooks and entry-level Windows PCs. This move is significant as it could attract a new segment of customers looking for budget-friendly options without compromising on quality. With this strategy, Apple aims to expand its market presence and appeal to a wider audience, potentially reshaping the low-cost laptop landscape.

Teva Pharmaceutical has reached its highest stock price since 2018, following a third-quarter revenue report that exceeded analysts' expectations. This positive financial performance is significant as it reflects the company's recovery and growth potential in a competitive market. CEO Richard Francis discussed these results on Bloomberg BusinessWeek, highlighting the company's strategic direction and commitment to innovation.