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• Sources: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs (Mark Gurman/Bloomberg)

  Internal budget restrictions are tightening inside the tech giant as management reins in operational expenses on development tools. The move to curb technological expenditure has unsettled workers who view the fiscal austerity as a potential precursor to workforce reductions.

  1 min read
• CVS Health plans to split itself up. Here's why a breakup could make sense now

  Under CEO David Joyner, operational turnarounds and competitor closures have stabilized retail pharmacy earnings, prompting leadership to revive a previously abandoned separation strategy. Untangling the brick-and-mortar storefronts from the faster-growing health insurance and Caremark divisions allows investors to value each enterprise independently. The strategic corporate divorce is slated for completion by the first half of 2028 despite an immediate stock market retreat.

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• New Flutter CEO bets on FanDuel promotions to win customers as profits suffer

  Dan Taylor is confronting early headwinds five weeks into his leadership tenure after regulatory turmoil and heavy promotional spending dampened recent quarterly earnings. The gaming operator suffered an $873 million non-cash hit following an unexpected sports wagering ban in Brazil. Management is now pivoting toward debt reduction and product innovation to capture market share across untapped regions in the United States.

  2 min read