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Trump Asks Apple to Drop Diversity Policies After Stockholders Back Pro-DEI Stance

President Donald Trump has called for Apple to eliminate its diversity, equity, and inclusion (DEI) policies following a significant shareholder vote rejecting a proposal to abolish these initiatives. The overwhelming rejection of the proposal by 96% of Apple shareholders highlights a growing divide within Silicon Valley regarding the future of corporate DEI efforts amidst increasing scrutiny from political figures. Apple's CEO, Tim Cook, emphasized the importance of diversity in fostering innovation while acknowledging that evolving legal landscapes may necessitate adjustments to their approach.

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Shareholders Are Showing Signs of DEI Fatigue As Activists Push for More Votes Δ1.85

Shareholders are increasingly showing signs of DEI fatigue as political heat around the issue intensifies across corporate America.Both champions and critics of diversity, equity, and inclusion policies are again pushing companies this annual meeting season to either bolster or diminish their DEI policies via shareholder proposals. But so far, none of these proposals have garnered support from investors at Apple (APPL), Costco (COST), and John Deere (DE).And that's not expected to change as more votes are tabulated at more company shareholder meetings in the coming weeks and months, according to experts who follow these votes.

DEI Is Under Attack in US, Might Live On Under Different Name Δ1.85

The US government's Diversity, Equity, and Inclusion (DEI) programs are facing a significant backlash under President Donald Trump, with some corporations abandoning their own initiatives. Despite this, there remains a possibility that similar efforts will continue, albeit under different names and guises. Experts suggest that the momentum for inclusivity and social change may be difficult to reverse, given the growing recognition of the need for greater diversity and representation in various sectors.

Dei Policy Shifts Under Trump Administration Sparks Industry-Wide Changes Δ1.84

Pfizer has made significant changes to its diversity, equity, and inclusion (DEI) webpage, aligning itself closer to the Trump administration's efforts to eliminate DEI programs across public and private sectors. The company pulled language relating to diversity initiatives from its DEI page and emphasized "merit" in its new approach. Pfizer's changes reflect a broader industry trend as major American corporations adjust their public approaches to DEI.

Paramount Ends DEI Policies to Comply with Trump Executive Order Δ1.83

Paramount Global has announced the end of numerous diversity, equity and inclusion policies to comply with President Trump's executive order banning the practice. The company cited the executive order as the impetus for its policy changes, which include ending numerical goals related to hires based on race or ethnicity. Paramount will continue to evaluate its policies and seek talent from all backgrounds.

DEI Rollback Sparks Backlash at AT&T Δ1.81

AT&T's decision to drop pronoun pins, cancel Pride programs, and alter its diversity initiatives has sparked concerns among LGBTQ+ advocates and allies. The company's actions may be seen as a response to the pressure from former President Donald Trump's administration, which has been critical of DEI practices in the private sector. As companies like AT&T continue to make changes to their diversity initiatives, it remains to be seen how these shifts will impact employee morale and organizational culture.

US Retailers Publicly Scrap Some 'DEI' Initiatives While Quietly Supporting Others Δ1.79

US retailers are walking a tightrope between publicly scrapping diversity, equity and inclusion programs to avoid potential legal risks while maintaining certain efforts behind the scenes. Despite public rollbacks of DEI initiatives, companies continue to offer financial support for some LGBTQ+ Pride and racial justice events. Retailers have also assured advocacy groups that they will provide internal support for resource groups for underrepresented employees.

Tech Giants Face Off in Ai and Quantum Chips Δ1.77

Apple's DEI defense has been bolstered by a shareholder vote that upheld the company's diversity policies. The decision comes as tech giants invest heavily in artificial intelligence and quantum computing. Apple is also expanding its presence in the US, committing $500 billion to domestic manufacturing and AI development.

Trump Compares Uk's Demand for Apple User Data to China's Monitoring Δ1.76

The U.S. President likened the UK government's demand that Apple grant it access to some user data as "something that you hear about with China," in an interview with The Spectator political magazine published Friday, highlighting concerns over national security and individual privacy. Trump said he told British Prime Minister Keir Starmer that he "can't do this" referring to the request for access to data during their meeting at the White House on Thursday. Apple ended an advanced security encryption feature for cloud data for UK users in response to government demands, sparking concerns over user rights and government oversight.

Diversity Dismissals Begin at Top US Intelligence Agency, Lawyer Says Δ1.76

Officials involved in diversity, equality, inclusion and accessibility programs at the U.S. Office of the Director of National Intelligence have been ordered to resign or be fired, the lawyer for two of the officials said on Friday. This move has sparked concerns about the erosion of inclusivity and equity in the nation's top intelligence agency. The decision comes as part of a broader trend of rolling back diversity initiatives under President Donald Trump's administration.

Target Faces 40-Day Consumer Boycott Over Shift Away From Diversity, Equity and Inclusion Policies Δ1.76

A 40-day consumer boycott starting today is targeting Target over its shift away from diversity, equity and inclusion (DEI) policies, which have sparked widespread protests and criticism from customers and community leaders. The boycott, led by prominent pastor Rev. Jamal Bryant, comes at a difficult time for the company as it faces an onslaught of tariffs in the middle of a challenging economy. Target's decision to eliminate hiring goals for minority employees and make changes to its diversity initiatives has drawn intense backlash from DEI supporters.

Diversity Backlash: Is 'Masculine Energy' Coming to the UK? Δ1.76

The UK government's silence on diversity initiatives in the wake of Donald Trump's attacks has left many wondering if the country is set to follow suit, abandoning efforts to promote inclusivity and equality. UK companies have been slow to respond to Trump's rhetoric, with some even scaling back their own DEI policies. However, experts argue that the UK's legal system will help protect these initiatives.

Trump Wants to Kill the CHIPS Act — Says Chipmakers Are Coming to the USA to Avoid Tariffs Δ1.74

In a recent address to Congress, President Trump criticized the CHIPS Act, calling it “a horrible, horrible thing” and advocating for its repeal to redirect funds toward reducing national debt. The CHIPS Act, originally passed during President Biden’s administration, allocated substantial subsidies to semiconductor companies, aiming to bolster domestic manufacturing amid increasing tariffs on foreign goods. Trump’s stance emphasizes a shift from incentivizing investment through subsidies to relying on tariffs as a means to stimulate domestic production in the semiconductor industry.

Trump Calls for End to $52 Billion Chips Act Subsidy Program Δ1.74

The US government is on the verge of dismantling a bipartisan $52 billion semiconductor subsidy program that has driven significant investments from major companies like Taiwan Semiconductor Manufacturing Co. and Intel Corp. The program's elimination could have far-reaching implications for the global electronics industry, particularly in the wake of President Trump's recent comments. Industry insiders are already anticipating a shift towards tariffs as a means of reducing reliance on Asian suppliers, a move that could significantly alter the competitive landscape.

How Big Tech Is Trying to Win Over Trump Δ1.74

Big Tech is actively working to align itself with the second Trump administration by making substantial investments in the U.S. and altering its corporate policies, particularly concerning diversity and inclusion. Major companies like Apple, Google, Meta, and Amazon are implementing strategies designed to curry favor with Trump, as reflected in their financial commitments and changes to corporate governance. This shift marks a significant departure from the previous administration's tense relationship with the tech sector, as companies seek to secure their interests in a potentially friendlier political landscape.

Apple Inc. (Aapl) Maintained at ‘Buy’ as Iphone 16e and Ai Investments Boost Optimism Δ1.73

Apple's decision to invest in artificial intelligence (AI) research and development has sparked optimism among investors, with the company maintaining its 'Buy' rating despite increased competition from emerging AI startups. The recent sale of its iPhone 16e model has also demonstrated Apple's ability to balance innovation with commercial success. As AI technology continues to advance at an unprecedented pace, Apple is well-positioned to capitalize on this trend.

Intel Stocks Leap On Report Tied To Nvidia And Broadcom Δ1.73

Intel stock has added more than $20 billion in market value over the past month. Intel shares powered higher in early Monday trading following reports that both Nvidia and Broadcom are looking to test the chipmaker's advanced AI production techniques in what could be an early and important endorsement of its nascent turnaround plans. Intel's plan to separate its foundry division from its chip-design unit appears to have won the support of President Donald Trump, whose administration is reportedly working to bring Taiwan Semiconductor Manufacturing Co TSMC into a joint venture that would keep IFS based in the United States.

UN Rights Chief Deeply Worried About Direction of US Policy Under Trump Δ1.73

The United Nations rights chief expressed deep concern on Monday about a "fundamental shift in direction" by the United States under President Donald Trump, warning that divisive rhetoric is being used to deceive and polarise people. Policies intended to protect people from discrimination are now labelled as discriminatory, while sweeping cuts to domestic social safety nets, climate finance, and foreign aid signal a massive setback for human rights protection. Civilians suffering from 120 global conflicts, Turk says the international system risks collapse due to such shifts.

Former Intel Directors Strongly Oppose TSMC Takeover, Call for Intel Fabs Spinoff Δ1.73

The proposal to transfer Intel's manufacturing capacity to a Taiwanese company poses significant risks to the American semiconductor industry. Concentrating leading-edge production under foreign ownership could weaken domestic technology firms by creating a near-monopoly and reducing bargaining power in the market. A more strategic approach would be for Intel to separate its manufacturing division from its design business, with the U.S. government providing incentives to make this viable.

Trump Administration Pushed Out High-Ranking Black Female General Δ1.73

U.S. Army Lieutenant General Telita Crosland, the head of the military's health agency, was forced to retire just weeks after President Donald Trump fired several senior officers in an unprecedented shake-up. The move comes as Defense Secretary Pete Hegseth has pushed for the elimination of diversity, equity and inclusion initiatives at the Pentagon. Crosland had been a vocal advocate for promoting opportunities for women and minority groups within the military. Her forced retirement has raised concerns about the impact on the military's commitment to diversity and inclusion.

The US Should Not Pursue a Manhattan Project for AGI Δ1.73

Former Google CEO Eric Schmidt, Scale AI CEO Alexandr Wang, and Center for AI Safety Director Dan Hendrycks argue that the U.S. should not pursue a Manhattan Project-style push to develop AI systems with “superhuman” intelligence, also known as AGI. The paper asserts that an aggressive bid by the U.S. to exclusively control superintelligent AI systems could prompt fierce retaliation from China, potentially in the form of a cyberattack, which could destabilize international relations. Schmidt and his co-authors propose a measured approach to developing AGI that prioritizes defensive strategies.

Develop AI Device Ecosystem with Google and Qualcomm Δ1.73

Honor is rebranding itself as an "AI device ecosystem company" and working on a new type of intelligent smartphone that will feature "purpose-built, human-centric AI designed to maximize human potential."The company's new CEO, James Li, announced the move at MWC 2025, calling on the smartphone industry to "co-create an open, value-sharing AI ecosystem that maximizes human potential, ultimately benefiting all mankind." Honor's Alpha plan consists of three steps, each catering to a different 'era' of AI, including developing a "super intelligent" smartphone, creating an AI ecosystem, and co-existing with carbon-based life and silicon-based intelligence.

Trump Axes AI Staff and Research Funding, Weakening the American AI Talent Pipeline Δ1.73

The Trump administration's recent layoffs and budget cuts to government agencies risk creating a significant impact on the future of AI research in the US. The National Science Foundation's (NSF) 170-person layoffs, including several AI experts, will inevitably throttle funding for AI research, which has led to numerous tech breakthroughs since 1950. This move could leave fewer staff to award grants and halt project funding, ultimately weakening the American AI talent pipeline.

Best Buy Stock Plunges as the Chain Braces for Trump Tariff Impact Δ1.73

Best Buy's stock experienced a significant decline of 13% as investors reacted to the uncertainties surrounding new tariffs imposed on consumer electronics by the Trump administration. CEO Corie Barry highlighted that a substantial portion of the company's products are sourced from China and Mexico, making them particularly vulnerable to these tariffs, which could negatively impact sales growth. Despite a solid 2025 guidance excluding tariffs, the prevailing market anxiety reflects broader concerns over the potential effects of trade policies on retail performance.

Business News Roundup Faces Financial Dilemmas, Regulatory Challenges, and Competitive Pressures Δ1.72

Consumer Reports has released its list of the 10 best new cars to buy in 2025, highlighting vehicles with strong road test scores and safety features. The announcement comes as Eli Lilly & Co. is expanding its distribution of weight-loss drug Zepbound at lower prices, while Target is scaling back its DEI efforts amidst declining store visits. Meanwhile, Costco's luxury goods segment continues to grow, and Apple has secured President Trump's backing for its new investment plan.

Anti-Trump Activists Target Elon Musk's Tesla Brand to Protest DOGE Cuts Δ1.72

A grassroots movement has emerged, with approximately 350 demonstrators protesting outside Tesla dealerships to voice their discontent over Elon Musk's involvement in significant federal job cuts. Organizers are urging the public to boycott Tesla, aiming to tarnish its brand image and impact Musk financially due to his controversial role in the Trump administration. This activism highlights the intersection of corporate branding and political sentiment, as Tesla, once celebrated for its environmental focus, is now perceived as a symbol of the current administration’s policies.