Flash flooding from a collapsed Himalayan glacier killed more than 600 people in Nepal and Tibet, with an estimated 2,500 missing.
Tech giant Meta settled multistate social media addiction lawsuits by agreeing to pay up to $17 billion.
Federal Reserve Chair Kevin Warsh said the central bank may need to act if inflation does not cool, as Trump's Iran war enters its sixth month and tariff conflicts with Canada drive higher prices.
World
Ukraine faces 72 hours of near constant drone strikes, severely disrupting daily life.
Death toll continues rising in Nepal and Tibet floods from Wednesday, with about 2,500 people missing in both areas.
A fire at a government hospital nursery in Pakistan's capital killed 14 babies on Wednesday.
Business
Nvidia has reportedly agreed to buy open-source AI platform Hugging Face for $12.9 billion, as confirmed by multiple tech news outlets.
Nvidia notified clients that servers with Vera Rubin and Blackwell chips will see price hikes exceeding 15%, effective on servers shipping in early 2027.
Consumer confidence declined in August to 89.4, below expectations of 90.2, hurt by worsening US-Canada trade tensions.
Technology
Nvidia agreed to buy Hugging Face, the public square of open-source models, for nearly $13 billion, marking a major consolidation move in AI infrastructure.
Meta settled claims it designed Facebook and Instagram to hook teenagers for up to $16.68 billion, one of the largest tech penalties on record.
Nvidia delivered another record quarter with $96.2 billion in quarterly revenue, while its data center business generated $89 billion, up 117% from a year earlier.
Science
NASA's Roman Space Telescope cleared for final launch preparations ahead of targeted August 30 liftoff aboard SpaceX's Falcon Heavy.
Researchers discovered brain-based brake that can shut down chronic nerve pain in mice by calming overactive pain circuit.
Economy
Fed Chair Kevin Warsh emphasized his stance against inflation at Jackson Hole despite pockets of weakness in the U.S. economy, signaling the central bank remains focused on price stability while some economic areas show strain.
U.S. headline inflation stood at 3.4% year-over-year in July, remaining significantly above the Fed's 2% target, though the unemployment rate was 4.1% in July.
The Federal Reserve's rate-setting committee will not meet again until September 15-16, with the federal funds rate held at 3.50%-3.75% since December 2025, leaving monetary policy on hold until the next scheduled decision.
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