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The importance of big data for online traders  Telecoms Tech News

June 5, 20254 min readThe Trump-Musk Fight Could Have Huge Consequences for U.S. Space ProgramsA vitriolic war of words between President Donald Trump and SpaceX CEO Elon Musk could have profound repercussions for the nation’s civil and military space programsBy Lee Billings edited by Dean VisserElon Musk (left) and President Donald Trump (right) seemed to be on good terms during a press briefing in the Oval Office at the White House on May 30, 2025, but the event proved to be the calm before a social media storm. Kevin Dietsch/Getty ImagesFor several hours yesterday, an explosively escalating social media confrontation between arguably the world’s richest man, Elon Musk, and the world’s most powerful, President Donald Trump, shook U.S. spaceflight to its core.The pair had been bosom-buddy allies ever since Musk’s fateful endorsement of Trump last July—an event that helped propel Trump to an electoral victory and his second presidential term. But on May 28 Musk announced his departure from his official role overseeing the U.S. DOGE Service. And on May 31 the White House announced that it was withdrawing Trump’s nomination of Musk’s close associate Jared Isaacman to lead NASA. Musk abruptly went on the attack against the Trump administration, criticizing the budget-busting One Big Beautiful Bill Act, now navigating through Congress, as “a disgusting abomination.”Things got worse from there as the blowup descended deeper into threats and insults. On June 5 Trump suggested on his own social-media platform, Truth Social, that he could terminate U.S. government contracts with Musk’s companies, such as SpaceX and Tesla. Less than an hour later, the conflict suddenly grew more personal, with Musk taking to X, the social media platform he owns, to accuse Trump—without evidence—of being incriminated by as-yet-unreleased government documents related to the illegal activities of convicted sex offender Jeffrey Epstein.On supporting science journalismIf you're enjoying this article, consider supporting our award-winning journalism by subscribing. By purchasing a subscription you are helping to ensure the future of impactful stories about the discoveries and ideas shaping our world today.Musk upped the ante further in follow-up posts in which he endorsed a suggestion for impeaching Trump and, separately, declared in a now deleted post that because of the president’s threat, SpaceX “will begin decommissioning its Dragon spacecraft immediately.” (Some five hours after his decommissioning comment, tempers had apparently cooled enough for Musk to walk back the remark in another X post: “Ok, we won’t decommission Dragon.”)Dragon is a crucial workhorse of U.S. human spaceflight. It’s the main way NASA’s astronauts get to and from the International Space Station (ISS) and also a key component of a contract between NASA and SpaceX to safely deorbit the ISS in 2031. If Dragon were to be no longer be available, NASA would, in the near term, have to rely on either Russian Soyuz vehicles or on Boeing’s glitch-plagued Starliner spacecraft for its crew transport—and the space agency’s plans for deorbiting the ISS would essentially go back to the drawing board. More broadly, NASA uses SpaceX rockets to launch many of its science missions, and the company is contracted to ferry astronauts to and from the surface of the moon as part of the space agency’s Artemis III mission.Trump’s and Musk’s retaliatory tit for tat also raises the disconcerting possibility of disrupting other SpaceX-centric parts of U.S. space plans, many of which are seen as critical for national security. Thanks to its wildly successful reusable Falcon 9 and Falcon Heavy rockets, the company presently provides the vast majority of space launches for the Department of Defense. And SpaceX’s constellation of more than 7,000 Starlink communications satellites has become vitally important to war fighters in the ongoing conflict between Russia and U.S.-allied Ukraine. SpaceX is also contracted to build a massive constellation of spy satellites for the DOD and is considered a leading candidate for launching space-based interceptors envisioned as part of Trump’s “Golden Dome” missile-defense plan.Among the avalanche of reactions to the incendiary spectacle unfolding in real time, one of the most extreme was from Trump’s influential former adviser Steve Bannon, who called on the president to seize and nationalize SpaceX. And in an interview with the New York Times, Bannon, without evidence, accused Musk, a naturalized U.S. citizen, of being an “illegal alien” who “should be deported from the country immediately.”NASA, for its part, attempted to stay above the fray via a carefully worded late-afternoon statement from the space agency’s press secretary Bethany Stevens: “NASA will continue to execute upon the President’s vision for the future of space,” Stevens wrote. “We will continue to work with our industry partners to ensure the President’s objectives in space are met.”The response from the stock market was, in its own way, much less muted. SpaceX is not a publicly traded company. But Musk’s electric car company Tesla is. And it experienced a massive sell-off at the end of June 5’s trading day: Tesla’s share price fell down by 14 percent, losing the company a whopping $152 billion of its market value.Today a rumored détente phone conversation between the two men has apparently been called off, and Trump has reportedly said he now intends to sell the Tesla he purchased in March in what was then a gesture of support for Musk. But there are some signs the rift may yet heal: Musk has yet to be deported; SpaceX has not been shut down; Tesla’s stock price is surging back from its momentary heavy losses; and it seems NASA astronauts won’t be stranded on Earth or on the ISS for the time being.Even so, the entire sordid episode—and the possibility of further messy clashes between Trump and Musk unfolding in public—highlights a fundamental vulnerability at the heart of the nation’s deep reliance on SpaceX for access to space. Outsourcing huge swaths of civil and military space programs to a disruptively innovative private company effectively controlled by a single individual certainly has its rewards—but no shortage of risks, too.

Omada Health popped in its first day as a public company, validation for founder CEO Sean Duffy.

Key Takeaways The European Commission will introduce the new International Digital Strategy that will focus on tech collaboration with the US and other countries. This is in contradiction to the growing pressure in Europe that calls for tech sovereignty and reducing tech dependence on the US. Low venture capital funding and a diverse regulatory landscape have been major challenges for tech innovation in Europe. Europe is seeing an increasing push to establish technological sovereignty and reduce the region’s reliance on US technology. However, there’s always been an undertone of acceptance that the EU is years behind the US when it comes to technological innovation and advancements. Now, the European Commission is planning to acknowledge this publicly. The EC will introduce a new International Digital Strategy, which will focus on collaboration with the United States and other tech-forward countries, such as Japan, South Korea, and India. The lawmakers believe that “decoupling” from the West is unrealistic and will instead push Europe further back in the technological race. Europe’s Call for Tech Sovereignty Several prominent political leaders and lawmakers have advocated for European sovereignty over technology and artificial intelligence.  For instance, Emmanuel Macron, the president of France, said in a speech in 2024 that Europe’s strategic autonomy is a conscious choice to end the region’s dependence on others. In an earlier speech, he also said that if Europe fails to build champions in areas such as digital and artificial intelligence, its choices will be dictated by others.  Similarly, Thierry Breton, the former EU Commissioner for Internal Markets, said that digital spending in the EU will breach the 20% target, underlining the importance of investing in European tech sovereignty. He focused on Europe’s declining market share in the semiconductor industry and called for the development of groundbreaking European tech. The Eurostack movement in the EU has also been gaining a lot of traction and support from various think tanks, academic researchers, and industry voices. Eurostack staff calls for the development of an indigenous infrastructure stack in the European region, including cloud, AI, semiconductors, digital services, and data centers. The main aim is to reduce Europe’s dependence on Chinese and US technology. This growing concern among EU well-wishers is quite understandable. Excessive reliance on the United States puts the US (meaning Donald Trump) in a controlling position, where he can arm-twist the European Union in matters of trade and even politics.  We have already seen an example of this during the tariff war, where Trump imposed a 25% tariff on automobiles (and their parts) and steel and aluminum products imported from the EU. Also, the fact that Google, Microsoft, and Amazon account for around 69% of the cloud market in the EU is quite concerning, too. Europe Wakes Up to Reality Despite positive speeches and statements by people in power in the EU, the fact remains that Europe is still lagging behind the United States. Bulgarian lawmaker Eva Maydell said that Europe should “sober up” and accept that the train has left the station. Dan Nechita, the current EU director for the Transatlantic Policy Network, said that it’s not the right time to be politically absolute and say that “we are going to do everything in Europe.” EU tech chief Virkkunen has been working hard to bring home the support of influential tech lobbies and emphasized the need to continue working with the United States. To put it in a nutshell, the European Commission is ready to accept the fact that the damage is done, and now Europe needs to play second fiddle and forge strategic partnerships with key technological leaders (primarily in the US) to stay alive in the race. Lack of Investments and the EU’s Regulation-First Approach One of the major reasons behind the European Union’s sluggish tech development is the lack of venture capital investments in the region. As per an IMF post, EU VC funds raised around $130B between 2013 and 2022. During the same time, the US raised $924B.  Similarly, annual VC investments in the EU are only 0.2% of the GDP when compared to 0.7% in the US. Currently, the United States accounts for a massive 52% of the global VC funds, whereas the EU holds just 5%.  Lack of investments has forced European startups to look elsewhere, especially the United States, for funding and support. One of the major reasons for such low venture capital interest in Europe is its diversity. Each of the 27 countries in the EU has its own regulatory and legal challenges, which make it difficult for multinational corporations to operate in the region.  Plus, the EU has adopted a regulation-first approach, which is very different from the United States. Of course, this approach has its own merits, but it has surely slowed down the speed of technological investments in the region.  For instance, the GDPR puts a truckload of regulatory and moral responsibility on companies to protect user data. Similarly, the AI Act focuses on the more ethical development of artificial intelligence that’s aligned with human values and refrains companies from exploiting public data. Sure, all of these are positive tech regulations important to protect the long-term sovereignty of the public at large. Even global tech advocates have praised the EU’s efforts for the development of safe and ethical technologies. However, we cannot ignore the fact that this has come at the cost of sluggish tech investments and overall growth. With its back against the wall, Europe needs to reassess its strengths and focus on areas such as open-source technologies, such as France’s La Suite numérique, and government-backed technological initiatives to have a say in the upcoming artificial intelligence and semiconductor race. Krishi is a seasoned tech journalist with over four years of experience writing about PC hardware, consumer technology, and artificial intelligence.  Clarity and accessibility are at the core of Krishi’s writing style. He believes technology writing should empower readers—not confuse them—and he’s committed to ensuring his content is always easy to understand without sacrificing accuracy or depth. Over the years, Krishi has contributed to some of the most reputable names in the industry, including Techopedia, TechRadar, and Tom’s Guide. A man of many talents, Krishi has also proven his mettle as a crypto writer, tackling complex topics with both ease and zeal. His work spans various formats—from in-depth explainers and news coverage to feature pieces and buying guides.  Behind the scenes, Krishi operates from a dual-monitor setup (including a 29-inch LG UltraWide) that’s always buzzing with news feeds, technical documentation, and research notes, as well as the occasional gaming sessions that keep him fresh.  Krishi thrives on staying current, always ready to dive into the latest announcements, industry shifts, and their far-reaching impacts.  When he's not deep into research on the latest PC hardware news, Krishi would love to chat with you about day trading and the financial markets—oh! And cricket, as well. View all articles by Krishi Chowdhary Our editorial process The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.

Omada Health is set to start trading on the Nasdaq, hitting the market a few weeks after Hinge Health, another emerging company in the space.

Johnson Health Tech Trading has voluntarily recalled over 3.8 million sets of the BowFlex 552 and 1090 Adjustable Dumbbells. Here’s how to receive a replacement unit.