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Why is Zumiez stock tumbling today?

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Altria: This Dividend King Needs Time To Consolidate (Rating Downgrade)

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Altria office sign in Virginia capital city tobacco business closeup by road street, parent company of Philip Morris

Altria: This Dividend King Needs Time To Consolidate (Rating Downgrade)

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California social media law: Newsom signs under-16s curbs

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California social media law: Newsom signs under-16s curbs

California’s governor, Gavin Newsom, today signed a law that prohibits social media platforms from providing addictive features to users under 16, the first law of its kind in the US.

He also signed a law requiring AI companies to disclose to young users when they are engaging with a chatbot rather than a human, and to restrict dangerous content on topics such as self-harm.

The two measures were part of a package of 13 digital safety bills. Newsom said it was too hard for parents alone to protect their children from powerful algorithms.

“It’s a good day for our children,” Newsom said at the signing ceremony. “It’s a good day for the State of California.”

What the new laws require

Assembly Bill 1709 prohibits social media platforms from offering addictive features such as infinite scroll and autoplay videos to users under 16.

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Senate Bill 1119 creates new regulations for chatbot use, including parental controls, notifications if children disable safety settings and a crisis protocol for queries about suicide.

At the ceremony, Steve Padilla, the state senator who wrote the chatbot bill, addressed Maria Raine, whose son Adam died in 2025 after discussing suicidal thoughts with a chatbot. She attended holding a photo of Adam.

Assembly Bill 2 sets financial penalties for civil lawsuits against social media companies accused of harming children through their platforms. The other bills include measures to enhance digital privacy protections for young people, expand the legal definition of child sexual exploitation to include digitally altered or AI-generated images, and rewrite existing child-safety design laws to respond to court rulings.

Josh Lowenthal, the Democratic assembly member who introduced the social media bill, said in an interview: “We have passed a tipping point, it’s now an avalanche.”

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Jim Steyer, chief executive of Common Sense Media, a non-profit child advocacy group, said: “This is the biggest, most far-reaching set of online protections in the United States and will set a standard for the whole nation.”

Tech companies expected to go to court

Tech companies have argued that they have already introduced many safety protections for young users. They are also expected to challenge the laws in court, saying they violate free speech rights.

Meta, Google and TikTok have deployed some of the biggest lobbying forces in Washington and state capitals to defeat child safety bills, arguing that regulation would stymie the growth of the tech sector.

Jeffrey Chester, executive director of the Center for Digital Democracy, a non-profit group that has advocated child safety laws, said: “There’s no question the lobbying power neutralized policymakers, but this has been a galvanizing moment where policymakers realize we are at a crisis moment.”

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The laws follow a series of social media trials this year in which thousands of teenagers, schools and states accused Meta, Snap, TikTok and YouTube of hooking young users with addictive products, which were compared to cigarettes.

In August, Meta settled with 47 states, Washington DC and US territories for up to $17.1bn and agreed to major changes for young users on its platform. Part of the settlement is contingent on other social media companies reaching similar agreements with the states.

Moves outside the US

France, Indonesia and Greece have also introduced laws restricting social media use by children under 16.

In Britain, the government announced in June that social media would be banned for under-16s, covering platforms such as Snapchat, TikTok, YouTube, Instagram, Facebook and X. It said protections were expected to come into force in spring 2027, and that AI “romantic companion” chatbots would have to enforce a minimum age of 18.

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The UK plan followed Keir Starmer’s shift in January towards backing a ban, and has been criticised by industry figures as impractical.

In 2022, California enacted a law that restricted data collection of users under 18. In 2025, Newsom signed into law requirements for AI companies to test their models for safety and report the results. He vetoed a version of the chatbot child safety bill the same year.

Newsom, who is in his final months as governor and is considering a run for president, laid the groundwork for the social media legislation in his State of the State speech in January, when he mentioned the restrictions Australia had recently imposed on social media use by children.


Amy Ingham

Amy Ingham

Amy Ingham is a reporter at Business Matters, covering UK business news with a focus on breaking news, business policy, late payments and insolvency. She joined the magazine in 2026 after completing the NCTJ Diploma in Journalism at Harlow College’s journalism school. Her recent reporting includes British Steel’s nationalisation and its impact on SME suppliers, the decline in late payments by large firms, and Insolvency Service director disqualifications. Reach her at aingham@cbmeg.co.uk.

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Alstom to build new battery-electric train fleet

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A red and blue train is parked up at station

He added: “I’ve lost count of the number of times someone has stopped me to tell me about the train that never came.

“And when that happens, it means missed shifts, missed appointments, and missed opportunities. Today, that starts to change.”

The DfT said the trains would help deliver the Transpennine Route Upgrade’s aim to boost capacity by 30%, with thousands of additional seats a day across the Pennines by the early to mid-2030s.

They will run between key destinations across the north including Liverpool Lime Street and Scarborough, Manchester Airport and Saltburn, and Manchester Piccadilly and Hull.

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The DfT added that journey times will be cut by up to 10 minutes between Manchester and Leeds and up to 14 minutes between Manchester and York.

The trains will be bought by Rock Rail and leased to TransPennine Express, the government added.

Alstom, which boasts the largest rolling stock train manufacturing site outside of China, secured a £370m contract in 2024 to produce 10 new London Elizabeth line trains.

This came less than three months after a redundancy consultation put 1,300 jobs at risk at its Litchurch Lane factory, which dates back to 1876.

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Rob Whyte, managing director UK at Alstom, called the latest agreement a “landmark moment for Britain’s railway”.

He said: “We couldn’t be prouder that the country’s first main line battery-electric trains will be designed and built in Britain.

“The fleet will transform journeys across northern England while showcasing the very best of British engineering, innovation and advanced manufacturing.”

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Roivant Sciences Ltd. (ROIV) Presents at Citigroup’s Biopharma Back to School Summit 2026 Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript