Key Points - US House Speaker Johnson stated that now is a good time for foreign investors to invest in the US [4] - Kimberly-Clark (KMB.US) plans to sell its non-North American Kleenex and paper towel business for $3.5 billion [4] - Amazon (AMZN.O) is investing $10 billion to build data centers, continuing its expansion in AI infrastructure [4] - AstraZeneca (AZN.O) received approval for a new indication for its anti-PD-L1 monoclonal antibody in China for the treatment of small cell lung cancer [4] - Meta Platforms (META.O) is entering the defense technology sector by co-developing military AI headset devices [4] - Procter & Gamble (PG.N) announced plans to lay off 7,000 employees, approximately 15% of its global non-manufacturing workforce [4] - Costco (COST.US) reported a slowdown in May core same-store sales growth to 6.0%, while e-commerce sales surged by 11.6% [4] - AMD (AMD.O) announced the acquisition of open-source software company Brium to enhance its AI capabilities [4] - Circle (CRCL.N), a stablecoin giant, is set to debut on the NYSE, expanding its fundraising to $1.1 billion, pricing at $31 per share, exceeding expectations [4] - Boeing (BA.N) reached a non-prosecution agreement with the US Department of Justice, facing a total criminal fine of $487.2 million [4]

Core Viewpoint - The technology industry in Silicon Valley is undergoing a fundamental shift in its attitude towards collaboration with the military, as highlighted by Meta's CTO Andrew Bosworth, who emphasizes a resurgence of patriotism and a return to traditional military ties [1][2]. Group 1: Industry Perspective - Bosworth states that Silicon Valley's technological advancements have historically resonated with defense needs, from semiconductors to the internet, indicating a long-standing relationship between tech breakthroughs and military requirements [2]. - The recent strategic partnership between Meta and defense contractor Anduril Industries aims to develop military-grade headsets integrating AI, VR, and AR technologies, marking a significant event in the tech industry's revival [1]. Group 2: Company Strategy - Meta's Reality Labs, led by Bosworth, is focused on consumer hardware, including the Ray-Ban Meta glasses and the Quest VR headset series, showcasing the company's commitment to innovation in the AR/VR space [2]. - Bosworth identifies 2025 as a critical year for evaluating Meta's achievements in the AR/VR market, acknowledging that consumer acceptance will ultimately determine the success of their technological investments [2].