Air Traffic Controllers Overworked, Unpaid Amid Shutdown; AMD, AppLovin Make Waves in Tech
Air traffic controllers are currently working excessive hours without pay during the ongoing government shutdown. The situation is exacerbated by a severe shortage of controllers, causing significant stress. Meanwhile, in the business world, AMD has signed a major deal with OpenAI, while the SEC investigates AppLovin for data-collection violations.
Air traffic controllers are facing a challenging situation. They are working an average of 60 hours a week without pay during the shutdown. This is particularly stressful given the existing shortage of controllers. The strain on the U.S. air traffic control system could potentially be a key factor in ending the shutdown.
In the corporate sphere, AMD has announced a multibillion-dollar deal with OpenAI. The agreement gives OpenAI the option to purchase up to 160 million shares, representing an estimated 10% stake in the firm. This news led to AMD's shares soaring by 24%.
However, not all business news is positive. The SEC has launched a probe into AppLovin for alleged data-collection violations. This investigation has caused the company's stock to drop by 14%.
In other news, David D. Halbert, a new member of the Forbes 400, has spent $50 million to build a private golf course for his wife.
The ongoing government shutdown continues to impact air traffic controllers, with no end in sight. In the business world, AMD's deal with OpenAI has been well-received, while AppLovin faces a SEC probe. Meanwhile, lavish spending by the ultra-wealthy, such as David D. Halbert's private golf course, highlights the stark contrast in experiences during these challenging times.
