News Now: LA Unrest, Meta's AI Investment, Nuclear Power, and Elon Musk

Unrest and National Guard Deployment in Los Angeles

• 🚨 Federal immigration raids in Los Angeles have sparked protests, leading to the deployment of at least 2000 National Guard troops to restore order.
• ⚠️ California Governor Gavin Newsom expressed reservations about the National Guard deployment, while LA Mayor Karen Bass condemned violence but warned against an excessive law enforcement presence.
• 🚓 Riot police engaged with protesters in Compton following U.S. Immigration and Customs Enforcement (ICE) actions, which resulted in the arrest of 118 undocumented individuals in the LA area and 2000 nationwide.

Tech Industry Developments

• 🤖 Meta Platforms is reportedly in talks for a multibillion-dollar investment in AI startup Scale AI, potentially valuing it over $13 billion.
• 💡 Scale AI provides data labeling services crucial for training machine learning models, with clients including Microsoft and OpenAI.
• 📉 TikTok's parent company, ByteDance, is replacing U.S. staff near Seattle with managers connected to China, aiming to replicate e-commerce success after U.S. sales fell short, raising questions about its promise to separate U.S. operations from China.

Nuclear Power and Economic Outlook

• ⚛️ Westinghouse is in discussions with U.S. officials and industry partners about deploying nuclear reactors as part of an initiative for an "atomic energy renaissance."
• 📈 Inflation remains a concern, with core PCE inflation running at a 2.5-3% range on a three-month basis, higher than pre-COVID levels, despite lower hiring rates.
• 📊 U.S. stocks saw gains following a stronger-than-expected jobs report, while the European Central Bank sees a favorable moment to strengthen the euro's global role.

Political and Sports News

• ⚡ President Trump stated Elon Musk will face serious consequences if he funds Democratic candidates challenging Republican-backed bills and expressed no desire to repair their relationship.
• 🎾 In sports, Jannik Sinner will face Carlos Alcaraz in the French Open final, following Coco Gauff's victory over Aryna Sabalenka. The NBA Finals Game 2 between the Pacers and Thunders is also scheduled.