FanDuel and CME Group launch a prediction market app called FanDuel Predicts in five US states, just days after DraftKings rolled out a similar product (Denitsa Tsekova/Bloomberg)
Italy's competition watchdog fines Apple €98.6M, saying the company's ATT rules are "disproportionate" and "harmful" to app developers and advertisers (Joe Rossignol/MacRumors)
Source: Erebor, a digital bank co-founded by Palmer Luckey, raised $350M led by Lux Capital at a $4.35B post-money valuation; it secured FDIC approval last week (Axios) https://www.axios.com/2025/12/22/palmer-luckey-digital-bank
Alphabet agrees to acquire clean energy developer Intersect for $4.75B in cash, and existing debt, as part of its push to dramatically expand AI data centers (Bloomberg)
Instacart says it is ending all item price tests effective immediately, and won't charge different prices for the same items, after a report into the practice (Chris Wack/Wall Street Journal) https://www.wsj.com/business/retail/instacart-ending-all-item-price-tests-on-its-platform-3c97d68d?st=LP28v5&reflink=desktopwebshare_permalink
Paramount says Larry Ellison "agreed to provide an irrevocable personal guarantee of $40.4B" for its WBD bid, after WBD's board raised concerns about the offer (Sara Salinas/CNBC)
Investigation: in 22 US states, Uber approves drivers with many types of convictions, such as violent felonies, that are over seven years old to keep costs low (Emily Steel/New York Times)
Sources: Nvidia plans to begin shipping its H200 chips to China before mid-February 2026 and expects initial shipments to be ~40,000 to 80,000 H200 units (Reuters) https://www.reuters.com/world/china/nvidia-aims-begin-h200-chip-shipments-china-by-mid-february-sources-say-2025-12-22/
Chinese AI chipmaker Biren Technology plans to raise up to ~$623M in a Hong Kong IPO, pricing shares at ~$2.19 to ~$2.52, and expects trading to start January 2 (Sherry Qin/Wall Street Journal) https://www.wsj.com/business/chinese-ai-chip-maker-biren-technology-plans-623-million-hong-kong-ipo-a5433f02?st=Zx9gtF&reflink=desktopwebshare_permalink
Investigation: internal Binance files show it failed to stop hundreds of millions in crypto from flowing through suspicious accounts, even after a 2023 US deal (Financial Times)