'Trump Officials Weigh Rolling Back Beef Import Plan As GOP Midterm Panic Spreads' - Politico Exclusive
https://www.politico.com/news/2026/09/23/trump-beef-imports-midterms-gop-panic-01090261
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Snap stock drops nearly 6% amid a broader tech decline as investors weigh its enterprise expansion and NVIDIA AI partnership for $2,195 SPECS smart glasses.
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https://www.politico.com/news/2026/09/23/trump-beef-imports-midterms-gop-panic-01090261
https://x.com/DarioAmodei/status/2102831170299834652
Meta Muse and Elon Musk’s X are taking different paths to the “everything app” as AI commerce and digital payments converge.
Adobe announced a multi-year strategic partnership with travel company Jet2 to deploy its AI-powered customer experience solutions, including CX Enterprise, Firefly Foundry, and Brand Intelligence. Adobe's AI-first ARR exceeded $650M in Q3 fiscal 2026, growing over 150% year-over-year. However, Adobe faces intensifying competition from Microsoft and Salesforce in AI-powered customer engagement, with both rivals expanding their agentic AI capabilities and gaining significant enterprise adoption.
Snap launched its Specs augmented reality glasses on September 16 at $2,195 per pair. Despite partnerships with major tech companies, investor concerns about demand and profitability persist. The AR glasses market remains niche with only 950,000 units forecasted to ship this year, while Meta dominates with 7 million smart glasses sold in 2025. Snap's stock has fallen 90% over five years, making Specs a critical turnaround effort for the struggling social media company.
Apple’s on-device AI push is growing, but its rich valuation creates a bigger risk for Apple-heavy ETFs like GXPT, FTEC and VGT.