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AI & Enterprise

Coca-Cola halts Fairlife dairy production after ransomware attack

Coca-Cola has temporarily halted production operations at its dairy subsidiary Fairlife in the United States following a ransomware attack. The company said in a U.S. Securities and Exchange Commission filing that Fairlife suffered a hacking incident that also affected production systems. Fairlife’s U.S. production remains suspended, while its Canadian business was not impacted. Coca-Cola did not disclose when systems will be restored or how long the shutdown will last.

AI & Enterprise

U.S. chip stock selloff spreads to Asia, SoftBank slides 8 percent

Japanese technology shares fell sharply as a selloff in U.S. semiconductor stocks spread across Asia, CNBC reported on Thursday. SoftBank dropped 8.8 percent, while Tokyo Electron fell 9 percent and Advantest slid 9.4 percent. Kioxia sank more than 14 percent after a Texas federal jury found infringement of Viasat memory technology patents and ordered $229 million in damages. South Korean markets were shut for a holiday.

Crypto

Polygon CEO announces more layoffs as it seeks to finalise Coinme acquisition

Polygon Labs has announced additional layoffs as it works to finalise its acquisition of cryptocurrency exchange Coinme. Cointelegraph reported the move is part of a shift from a blockchain foundation to a blockchain-based payments company. CEO Marc Boiron said on X that the cuts reflect a restructuring tied to the transition, not the capabilities of departing staff. Polygon disclosed plans in January to acquire Coinme and wallet infrastructure platform Sequence in a $250 million deal.