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WATCH: Rows of pistachio trees now cover Argentina’s arid farmland as producers race to tap booming global demand for the nut, fueled by viral Dubai chocolate and the country’s ideal climate for cultivation

DeepSeek launched a preview of its new AI model adapted for Huawei chip technology, marking a shift from Nvidia chips and highlighting China's advances in artificial intelligence

WATCH: The US Justice Department cleared Paramount Skydance's planned $110 billion acquisition of Warner Bros. Discovery, saying it was unlikely to harm competition or consumers

WATCH: The SpaceX IPO cemented Elon Musk's status as the first trillionaire, giving him wealth on a par with that of one of the world's richest countries. But what does $1.1 trillion actually mean?

Oracle's largest data center partner, Blue Owl Capital, will not provide funding for a $10 billion deal to build its next facility, a source said, amid growing concerns about the cloud computing company's rising debt and artificial intelligence spending

WATCH: Beer maker Molson Coors said it would cut about 400 jobs, or 9% of its Americas salaried workforce, by this year-end as part of a corporate restructuring plan

Chris Olah, co-founder of AI company Anthropic, said artificial intelligence development cannot be left solely to tech companies, calling for greater oversight from religious leaders, governments and civil society. Read:

Intel shares rose as much as 12% after reports that Google ordered over three million tensor processing units for production in 2028, signaling progress under CEO Lip-Bu Tan

WATCH: Warren Buffett's Berkshire Hathaway said it took a $3.76 billion write-down on its stake in Kraft Heinz during the second quarter, an acknowledgment the decade-old investment hasn't worked out

WATCH MORE: A New York produce wholesaler warns that US tomato supplies will be severely limited if President Trump imposes a proposed 17% tariff on fresh tomato imports from Mexico

The US stops penny production after 232 years, with Treasurer Brandon Beach visiting the Philadelphia Mint for the final coin

Elon Musk-owned X's CEO Linda Yaccarino said she would step down from the role in a surprise move, just months after the social media platform was acquired by the billionaire's AI startup, xAI. Read:

The US economy added jobs for a third consecutive month in May, signaling the labor market is gaining traction after last year's slowdown and giving the Federal Reserve room to hold interest rates steady

The Dow, S&amp;P 500 and the Nasdaq saw their biggest declines in months as expectations that the incoming Trump administration’s policies could raise inflation prompted the Federal Reserve to signal a more cautious path of easing in 2025. Read:

Trump Media agreed a $6 billion merger with Google-backed TAE Technologies in the US and TikTok's US business is set to sell just over 80 percent to Oracle, Silver Lake and MGX

WATCH: Nvidia is considering adding new manufacturing lines for H200 AI chips following strong demand from Chinese clients and recent US export approval with a 25 percent fee

WATCH: From Indonesia striking a new tariff deal with US, to TSMC posting a 60% jump in second-quarter profit. Here's a round of the week's big business and finance stories

The European Commission was expected to reverse the EU's 2035 ban on new combustion-engine car sales after Germany, Italy and automakers pressured for relief amid competition from China and the US

WATCH: Ford Motor announced it would discontinue multiple electric-vehicle models and absorb a $19.5 billion write-down due to slumping demand and the Trump administration's rollback of EV incentives in the US

WATCH: US copper futures jumped more than 10% after President Trump's announcement of imposing a 50% tariff on imported copper, a metal that is critical to electric vehicles, military hardware, the power grid and many consumer goods

The Dow, S&P 500 and the Nasdaq saw their biggest declines in months as expectations that the incoming Trump administration’s policies could raise inflation prompted the Federal Reserve to signal a more cautious path of easing in 2025. Read: