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China Blocks Meta’s $2B AI Acquisition, OpenAI Partners with Qualcomm on Smartphone

China Blocks Meta’s $2B AI Acquisition, OpenAI Partners with Qualcomm on Smartphone

Published 1 month, 1 week ago
Description

Market update for April 27, 2026. 

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In today’s episode:

  • Big Tech earnings and the Fed meeting set up a massive week for investors

  • Qualcomm jumps on reports it may help power OpenAI’s future AI smartphone

  • OpenAI reworks its Microsoft partnership as its legal battle with Elon Musk begins

  • China blocks Meta’s $2 billion acquisition of AI startup Manus

  • Verizon rises on strong subscriber growth, while Domino’s drops after weak earnings

  • Adidas gets a major win after the first official sub-2-hour marathon in history

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