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6:40 PM ET, April 4, 2025

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 Top News: 
Jonathan Vanian / CNBC:
Trump says he will sign an EO to keep TikTok running for an additional 75 days, as a deal “requires more work to ensure all necessary approvals are signed”  —  President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok …
Axios:
Sources: G/O Media sold business news brand Quartz and commerce site The Inventory to software firm Redbrick, the fourth Quartz ownership change in seven years  —  G/O Media has sold business news brand Quartz and commerce site The Inventory to Canadian software firm Redbrick, Axios has learned.
Fareed Sahloul / Bloomberg:
Sources: connected TV ad platform MNTN, which filed for a US IPO in late February, is among companies pausing listings as Trump's trade war upends the economy  —  Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
Aisha Malik / TechCrunch:
Amazon introduces a Kindle Recaps feature that uses GenAI and moderators to create short summaries of books in a series  —  Amazon is introducing a new “Recaps” feature for Kindle users to help them recall plot points and character arcs before picking up the latest book in a series.
Arpan Chaturvedi / Reuters:
An Indian court orders Wikimedia to remove statements about news agency ANI facing criticism for being a government propaganda tool from a Wikipedia page  —  The operator of Wikipedia has been ordered to remove statements deemed defamatory by an Indian court from the page of a domestic news agency it hosts …
Agence France-Presse:
Radio Free Europe/Radio Liberty head Stephen Capus says the US government turned off satellite services that transmit its Russian-language program into Russia  —  The head of Radio Free Europe/Radio Liberty said on Thursday that the US government had switched off a satellite that transmitted its Russian-language programme into Russia.
Michael M. Grynbaum / New York Times:
Amid the worst stock market sell-off since the 2020 pandemic, Fox News has projected a conspicuous calm and temporarily dropped its onscreen stock ticker  —  There is no onscreen stock ticker.  One anchor reassured viewers that “President Trump is keeping another campaign promise.”
Amanda Silberling / TechCrunch:
Joel Kaplan says Meta's US fact-checking program will be over by Monday, and Community Notes will start appearing on Facebook, Threads, and Instagram  —  Meta will no longer have any fact-checkers in the U.S. come Monday, according to Chief Global Affairs Officer Joel Kaplan.
Sara Merican / Deadline:
Report: micro-drama apps are booming in Asia: DramaBox's app store revenue rose from $8M in 2023 to $217M in 2024, while ReelShort's grew from $36M to $214M  —  Apps such Dramabox, Goodshort, Reelshort and Shortmax - which offer episodes lasting for around 60 to 90 seconds …
The Hollywood Reporter:
How Wall Street's pressure for growth, the demise of the traditional theatrical release window, and Hollywood's risk aversion are impacting studio executives  —  High-flying execs are dropping like flies right now — at Amazon MGM, and possibly at Warner Bros. — turning what was once …
 
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 More News: 
Janko Roettgers / Lowpass:
In a new lawsuit, the trustee for Chicken Soup for the Soul Entertainment's bankruptcy case says ex-CEO Bill Rouhana neglected “the most basic corporate duties”
Discussion: Cord Cutters News
Adam Satariano / New York Times:
Sources: the EU is preparing to penalize X this summer for breaking the DSA, including via product change demands and a fine that a source says could be $1B+
Denise Petski / Deadline:
MTV's Video Music Awards will be broadcast on CBS for the first time this year; the show will simulcast on MTV and stream on Paramount+ on September 7
 Earlier Picks: 
Taylor Lorenz / User Mag:
YouTube quietly removed “gender identity” from its hate speech policy after President Trump took office; Google says enforcement of the policy hasn't changed
Yun Li / CNBC:
Newsmax shares fell 77.5% on Wednesday after a 2,230% surge in its first two days on the NYSE; NMAX rose 5%+ on Thursday
Ben Mullin / @benmullin.bsky.social:
Longtime Washington Post columnist and reporter Eugene Robinson is leaving the paper, citing the “announced ‘significant shift’ in our section's mission”
 

 
From Techmeme:

Bloomberg:
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea

Emilia David / VentureBeat:
Nvidia launches Nemotron 3, a family of AI models using a hybrid mixture-of-experts architecture and the Mamba-Transformer design, in 30B, 100B, and ~500B sizes

Arsheeya Bajwa / Reuters:
Nvidia announces it has acquired SchedMD, the developer of Slurm, an open-source workload management system for HPC and AI
 
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