Morning Briefing: Corporate Layoffs, Botched Executions, and Tech Giants

Nike Shares Plummet Amid Layoff Announcements

Nike's stock dropped 10% following a weak revenue outlook and the confirmation that staff reductions are underway. CNBC reports that this marks a second straight day of declines for the retail giant as it struggles with falling consumer demand.

Tennessee Execution Attempt Leaves Inmate in Critical Condition

Lawyers for Christa Pike report she is in critical condition following a botched execution attempt in Tennessee. According to NBC News, executioners spent over an hour attempting to find a vein, using at least seven needles in a failed effort to administer lethal injection doses.

Family of Renee Good Files Lawsuit Against ICE

The family of Renee Good has filed a lawsuit following her fatal shooting by federal immigration agents in Minneapolis last January. NPR reports that the family is speaking out for the first time since the incident sparked nationwide protests over ICE tactics.

Broadcom Raises $60 Billion for AI Chip Development

In a massive move for the tech sector, Broadcom is amassing $60 billion in financing to fund specialized chips for AI firm Anthropic. Bloomberg reports the syndicate aims to accelerate AI infrastructure, even as other tech sectors face volatility.

US Space Program Sets Speed Record for ISS Docking

SpaceX's Crew-13 mission successfully docked at the International Space Station less than eight hours after launch. Space.com notes this marks the fastest trip to the ISS by an American spacecraft in history.