News About Business
Xbox is closing down Hellblade creator Ninja Theory
Xbox is closing down Ninja Theory, the studio behind the Hellblade series, a source tells The Verge. Staffers were told on a call on Monday about the closure, but they are hoping the studio will find a buyer. The closure comes as "several" Xbox studios at Mic…
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Kalshi adds required employment verification for some prediction market bets
The CFTC is considering its first regulation for prediction markets, as arrests over "insider trading" on everything from military operations to Google Search data continue to stack up. As CoinDesk reports, a notice of proposed rulemaking says "the proposal w…
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Why isn’t the Trump phone made in the USA?
Where's the Trump phone? We're going to keep talking about it every week. We've reached out, as usual, to ask about the Trump phone's whereabouts. This week, I'm investigating where it might have been built - and why it definitely wasn't the US. Almost a year…
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No more lightbulbs, much more sports: Five predictions for Roku’s future
This is Lowpass by Janko Roettgers, a newsletter on the ever-evolving intersection of tech and entertainment, syndicated just for The Verge subscribers once a week. When Fox announced its acquisition of Roku earlier this week, executives of both companies wer…
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Happy birthday to the Trump phone
From the day it was announced, on June 16th, 2025, the Trump phone sounded ridiculous. The T1 Phone 8002 (gold version), as it was officially called, was a combination of contradictory specs, product images that were clearly not photographs of a real phone, a…
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WhatsApp ordered to host rival AI assistants for free
Meta has been ordered by the European Commission to restore free WhatsApp access for chatbots made by rival AI providers while the regulator finishes its antitrust investigation. The rare interim measure announced on Tuesday was deemed necessary "to prevent s…
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007 First Light’s developer lays off staff but claims its next franchise will continue
IO Interactive, the studio behind the Hitman series and 007 First Light, announced that it is laying off staff after a relationship with an "external partner" on its next big franchise, Project Fantasy, "has come to an end." IO has described Project Fantasy a…
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New York lawmakers pass one-year ban on new data centers
The New York State legislature passed a one-year moratorium on new large data centers, the first statewide ban of its kind if Democratic Governor Kathy Hochul signs it into law. Lawmakers behind the bill say it's meant to give policymakers time to understand …
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OpenAI files for IPO, following Anthropic
OpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year: The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, …
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Elon Musk is the world’s first trillionaire
Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Te…
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Fox is buying Roku
Fox has announced that it's acquiring Roku outright, in a deal that values the streaming company at $22 billion. The deal will see Fox's TV networks and Tubi streamer combine with Roku's network of streaming devices, smart TV software, and The Roku Channel. T…
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Elon Musk denies a report about SpaceX’s AI phone prototype
Elon Musk says a report about a SpaceX AI phone prototype is "utterly false." The report, published on Wednesday by The Wall Street Journal, says SpaceX showed off a "handset-like prototype" to some investors before launching its record-breaking initial publi…
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