July 25, 2025

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Meta Pulls Political Ads in EU Citing New Transparency Law

Meta Platforms will cease all paid political, electoral and social-issue advertising across the European Union this October, accusing the EU’s incoming Transparency and Targeting of Political Advertising (TTPA) regulation of imposing an “untenable level of complexity and legal uncertainty.”

Key Impacts:

Campaigns lose access to Facebook and Instagram’s paid-reach tools.

Google has already withdrawn for similar reasons.

Smaller parties and advocacy groups may struggle to find cost-effective digital channels.

Amazon Cancels $300M Dublin Hub Over Power Grid Woes

Amazon has abruptly canceled plans for a $300 million logistics hub in Mulhuddart, northwest Dublin, after Ireland’s grid operator, EirGrid, could not secure reliable electricity. The facility, which was expected to generate up to 500 construction and operations roles, fell victim to capacity limits in a network already stretched by data-center demand.

This decision highlights a growing barrier for energy-intensive investments in Ireland, where data centers now consume nearly 20% of national power. Despite a €1 billion grid upgrade pledge, delays in renewable projects and infrastructure reinforcement may push companies to seek alternative sites or private power solutions.

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Intel Q2 Revenue Flat at $12.9B, $2.9B Loss Triggers 15% Job Cuts

Intel Corp. reported Q2 2025 revenue of $12.9 billion, flat year-over-year but above analyst estimates, while posting a $2.9 billion net loss driven by restructuring charges and stiff competition. As part of a $10 billion cost-cutting plan, CEO Lip-Bu Tan announced a 15% workforce reduction (≈24,000 jobs) and the suspension of major fab projects in Germany, Poland and Costa Rica to boost capital efficiency.

Key actions include:

Cutting 15% of employees (~24,000 jobs)

Shelving fab expansions in Germany and Poland

Consolidating Costa Rica operations into Vietnam and Malaysia

Trimming 2025 capex to $18 billion

Intel forecasts Q3 revenue of $12.5 billion–$13.5 billion as it seeks profitability amid mounting foundry and PC-market challenges.

New Jersey to Introduce Secure Mobile Driver’s Licenses

Trenton, NJ — Governor Phil Murphy on Wednesday signed landmark legislation directing the New Jersey Motor Vehicle Commission (MVC) to offer digital driver’s licenses and non-driver IDs accessible on smartphones and other mobile devices. The move follows similar rollouts in at least 15 states and Puerto Rico, with another 10 states and Washington, D.C., planning to adopt mobile IDs.

Key features include:

$1.5 million in initial funding from the FY2025 Appropriations Act, available through FY2026

Privacy safeguards that bar data sharing, unauthorized access, device searches or use of license display as probable cause

Voluntary participation, ensuring traditional laminated IDs remain an option

FCC Set to Roll Back Gig-Speed Broadband Benchmark

FCC to Reverse Gig-Speed Mandate

Next month, the Republican-controlled FCC will vote to remove its long-term requirement that providers offer 1,000 Mbps service in order to market their networks as “broadband.” The original 2024 rule raised the federal standard from 25/5 Mbps to 100/20 Mbps, with a roadmap toward future gig speeds tied to infrastructure grants.

Key Points:

Meta Pulls Paid Political Ads Across EU Ahead of New Transparency Law