Bargain

• Fund managers are increasingly purchasing European software stocks after a period of significant decline in valuations. • The shift is driven by a decrease in investor fears that artificial intelligence will disrupt or replace traditional software business models. • This trend marks a strategic pivot toward "bargain hunting" in a sector that was previously avoided due to AI-related volatility.

Union leaders say veto from Democrat Abigail Spanberger is an about-face from promises she made on campaign trailVirginia’s Democratic governor Abigail Spanberger vetoed a bill Thursday that would have restored collective bargaining rights for 50,000 public sector workers in the state. Union leaders say the veto is a “betrayal” and “slap in the face” after the governor campaigned last year on promises to restore collective bargaining rights.Though majorities in both chambers of Virginia’s general assembly passed legislation that would restore bargaining rights to most public sector workers, Spanberger introduced an amended version of the bill last month that was eventually rejected by the assembly. Continue reading...

Albanese defends plan forcing Meta, Google and TikTok to make deals with Australian news publishers through a levy The Trump administration has described Australia’s moves to make big tech companies pay for news online as “extortion” but Anthony Albanese defended the plan by saying it was about protecting and rewarding media outlets for the work they produce.Labor’s plan to encourage Meta, Google and TikTok to make deals with Australian news publishers, or face a 2.25% levy, is likely to be supported by the Coalition and Greens in parliament. But a bigger problem may be the ire of Donald Trump, who has strongly opposed extra regulation being imposed on US-based tech companies. A major tech industry lobby group on Wednesday urged the White House to consider retaliatory trade measures. Continue reading...