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| NYT family plans: The New York Times is adding two new digital subscription plans for families, providing as many as four logins under a single account at a discounted price. Cognition AI fundraising: Startup Cognition AI reached a valuation of $10.2 billion after a roughly $400 million funding round. It had been valued at a much smaller $4 billion just six months ago. CBS News ombudsman: Paramount appointed the former head of a right-leaning Washington think tank to review complaints and concerns about bias at CBS News following the company’s $16 million settlement of litigation with President Donald Trump. Dell’s ex-CFO: Dell’s chief financial officer, Yvonne McGill, is stepping down from her role after nearly three decades with the company. The firm reaffirmed its financial guidance from last month and indicated the departure wasn’t the result of a disagreement with management. | |
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| Elon Musk’s SpaceX, which operates the Starlink satellite network, agreed to buy wireless spectrum from EchoStar for about $17 billion in cash and stock. EchoStar will use the proceeds in part to pay down some of its debt. SpaceX also agreed to fund a total of about $2 billion in cash interest payments on EchoStar debt through November 2027. | |
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| Singapore’s Sea Ltd. has been in Brazil for five years with its Shopee ecommerce platform, shaking up the market and grabbing share from regional incumbent Mercado Libre. Now, Temu, Shein and TikTok Shop are adding Chinese competition to this race to secure the local consumer, and Olivia Poh looks at the contest in today’s Tech In Depth essay. | |
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