Tech Stocks Plunge as Apple Falls on iPhone Worries; TikTok Owner Expands into Pharma AI; Supreme Court Justice's Lavish Travel Scrutinized
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Apple's stock dropped 3.6% on Tuesday due to Barclays downgrading it over iPhone sales concerns, contributing to tech stocks' $238B single-day loss.
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TikTok parent ByteDance is hiring for AI drug design and science teams in the U.S., moving into biology, chemistry, and pharma in ways unclear if linked to TikTok.
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The S&P 500 gained over 20% in 2022 but also saw wacky stock tales like Mullen Automotive and the Bed Bath & Beyond saga involving a children's book author investor.
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Supreme Court Justice Clarence Thomas has faced scrutiny over traveling lavishly via yacht and private plane, including a 2023 report on real estate heir Harlan Crow bankrolling his lifestyle.
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South Korea announced a "K-culture training visa" to attract long-term visitors, with K-pop cited as the top reason for visiting and crucial to the country's $10 billion industry.