Tech Leads Nasdaq and S&P 500 to New Highs

S&P 500 and Nasdaq rise to fresh record highs as tech shares jump (CNBC)

Fed’s Powell Expects Good Relations With Trump Administration (Bloomberg)

GM Sees $5 Billion Hit to Restructure Troubled China Business (Bloomberg)

Amazon Announces Supercomputer, New Server Powered by Homegrown AI Chips (WSJ)

Apple Scratches Amazon’s Back (The Information)

Apple Hits Snag Adapting Baidu’s AI Models for China Users (The Information)

The Furious Contest to Unseat Nvidia as King of A.I. Chips (The New York Times)

Meta Seeks New Nuclear Reactors to Run US Data Centers (Bloomberg)

Lilly’s Zepbound Beats Novo’s Wegovy in Head-to-Head Trial (Bloomberg)

French Far Right Joins Forces With Left to Topple Government (Bloomberg)

South Korean Turmoil Strikes at Heart of US Alliances in Asia (Bloomberg)

Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets (WSJ)