Bloomberg's Caroline Hyde breaks down Intel's $7.9B chips grant from the Biden Administration and how it will boost US chip production. Plus, California proposes state incentives for EV buyers which would exclude Tesla models, and social media companies push back against new legislation in Australia that could limit teen usage.

Tech Stocks Under Pressure As Iran War Drags On
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Meta to Deploy Homegrown Chips, Uber to Offer Zoox Rides
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Amazon Looks to Raise At Least $37 Billion with Bond Sale
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