Washington state’s Legislative Building, which houses the Legislature. (GeekWire Photo / Brent Roraback)
Washington state Democratic leaders on Tuesday at last unveiled their so-called “millionaires tax” — a proposed 9.9% tax applied to taxable, personal annual income that exceeds $1 million.
For the first time in decades, the lawmakers are advancing a personal income tax aimed at high‑income residents that would go into effect in two years, and pairing it with small business and low‑income tax breaks.
The action comes as the state is struggling to plug a more than $2 billion budget hole with spending cuts and a slate of potential tax changes, while at the same time some of Washington’s largest employers are cutting thousands of jobs from their payrolls.
The combined pressures — set against a backdrop of ongoing uncertainty around federal policies and funding — has leaders in the business community concerned about additional financial burdens in an increasingly shaky economy.
“Proposing a personal income tax is a major economic move for our state — one that will have consequences — and it’s not something that we, or anyone in Washington, is taking lightly,” said Rachel Smith, president of Washington Roundtable, nonprofit representing business executives, in a statement.
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Others were more blunt.
“This tax is just another brick in the wall of anti-entrepreneurialism from state and local legislators. The average Amazon employee probably won’t mind, but this stuff is devastating to company creation,” Kirby Winfield, founding general partner at Seattle venture capital firm Ascend, said via email.
The message, said Winfield, is that “Washington does not value job creation or wealth creation for risk-taking founders and startup employees.”
In a state that has historically relied heavily on property, sales and business taxes to balance its books, Gov. Bob Ferguson has repeatedly expressed support in recent months for an income tax on the state’s highest earners.
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In December, he said that a tax similar to what has been proposed would apply to fewer than 0.5% of Washington residents and would raise more than $3 billion each year. An official fiscal note on the bill has not been released.
But the governor on Tuesday said the draft legislation fell short in supporting small businesses and lower-income residents in the state. The bill is “a good start, but we still have a long way to go,” he said in a press conference.
“We are listening and hearing the voices of many, many Washingtonians who are struggling right now and having a lack of affordability in our state,” Ferguson said. “And we need to address that head on.”
Gov. Bob Ferguson holds a press conference in Olympia on Tuesday regarding a proposed income tax in Washington state. (Screenshot via TVW stream)
A 9.9% tax on Washington taxable income above a $1 million standard deduction per individual, built off of federal adjusted gross income.
It allows up to $50,000 a year in charitable deductions per filer (or per couple), and nonrefundable credits to avoid double‑taxing income already hit by Washington’s B&O, capital‑gains taxes, or other specific exemptions.
There are multiple definitions of residents subject to the tax, including someone who lives here more than 183 days per year.
It would apply to income earned beginning Jan. 1, 2028, with the first payments dues in April 2029.
Supporters of the tax say it brings more fairness to the state’s tax structure. Washington is one of nine states that lack an income tax, and has prohibited the taxation of personal wages.
“Washington’s antiquated tax code is the second-most regressive in the country, which means that working people pay more, while the gap between rich and poor continues to widen,” Invest in Washington Now, a Seattle nonprofit supporting progressive tax policy, said in a statement.
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The measure includes targeted tax breaks:
The small business B&O tax credit doubles, so businesses with annual gross receipts of less than $250,000 would no longer pay that tax.
The temporary B&O surcharge on high-grossing companies would end one year early, in 2028.
The Working Families Tax Credit removes the age limit for participation.
A new sales tax exemption for grooming and hygiene products would take effect Jan. 1, 2029.
At his press conference Tuesday, Ferguson called for bigger benefits for small businesses and families. The governor said he wants to devote $1 billion of tax relief to small business owners, while the proposed bill provides a little more than $100 million. Ferguson also called for expanded eligibility for the family tax credit and to provide larger amounts to recipients, plus more extensive sales tax relief.
Now comes negotiations on a tight timeline. This year’s 60-day legislative session is scheduled to end March 12.
“So it’s a challenge for something this big and this complex” to find solution, Ferguson said, but added that he sees potential for “a lot of collaboration.”
If approved by lawmakers, the governor said the proposed tax was certain to go before voters for approval and would face legal challenges as well.
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Nixing Washington’s ‘tax advantage’
While the new income tax has worried some on the business community, it’s not the only controversial tax being considered in Olympia this year.
Tech industry leaders have been up in arms over a separate proposal that would broaden the state’s capital gains tax to apply to profits from the sale of qualified small business stock (QSBS) even when gains are exempt under federal law. The change, codified in SB 6229 and HB 2292, would impact startup company founders, early employees and investors.
Aviel Ginzburg, a Seattle-based venture capitalist at Founders’ Co-op and leader of the startup community Foundations, recently posted a satirical video to highlight his opposition to the QSBS and millionaires tax.
“People are happy to pay more taxes. I am too, especially when the …. money is spent well,” Ginzburg said, asserting that’s not the case here. “We’re about to kill the golden goose.”
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Another piece of legislation that’s modeled on Seattle’s payroll tax, which targets Amazon and other big companies, was floated unsuccessfully last year and is not gaining traction this session.
Other states are likewise struggling with affordability issues and looking to raise income taxes on the highest earners, with Colorado moving toward a ballot measure and Michigan considering a similar move. California, meanwhile, is exploring a one-time, 5% tax on residents a net worth exceeding $1 billion — which has caused at least six billionaires to flee the state.
Winfield of Ascend dismisses comparisons between Washington’s and California’s tax burdens given other, outsized strengths in the state to the south.
“Given the choice between paying absurd taxes here or California, founders will just move to the Bay Area,” he said. The billions of dollars of venture capital, massive tech talent and tolerance for risk are beyond comparison.
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“Seattle is great but it doesn’t come close,” Winfield said. “And when you remove the tax advantage you lose your biggest draw.”
STC-15 is the world’s first RNA-modifying enzyme inhibitor to reach human trials. Phase 1 showed durable tumour regression across multiple sarcoma subtypes. The $56M Series C is backed entirely by existing investors including Pfizer Ventures and M Ventures.
STORM Therapeutics, a Cambridge-based clinical-stage biotech targeting RNA modifications to treat cancer, has raised $56 million in a Series C round and dosed the first patient in a Phase 2 clinical trial of its lead drug, STC-15, in selected sarcoma indications.
The round was funded entirely by existing investors: M Ventures, Pfizer Ventures, Taiho Ventures LLC, IP Group plc, the UTokyo Innovation Platform Co., Ltd. (UTokyo IPC), and Fast Track Initiative (FTI).
STC-15 is a first-in-class, oral small-molecule inhibitor of METTL3 – an enzyme that methylates messenger RNA and plays a central role in cancer stem cell differentiation. It is the first RNA-modifying enzyme inhibitor ever to enter human clinical trials, having commenced its Phase 1 study in November 2022.
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METTL3 adds a chemical tag called m6A to mRNA, influencing how cells read genetic instructions; in certain cancers, this process is hijacked to keep malignant progenitor cells locked in a proliferative, undifferentiated state. Inhibiting METTL3 disrupts this process, pushing cancer cells towards cycle arrest and programmed death.
Sarcomas, cancers arising from bone or soft tissue including muscle, fat, cartilage, and blood vessels, account for 1% of adult cancers and 15% of paediatric cancers.
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They are notoriously difficult to treat because they frequently lack the driver mutations or immunogenic features that make most solid tumours amenable to targeted therapy or immunotherapy.
STORM’s thesis is that sarcomas are particularly dependent on METTL3-driven mRNA methylation for their growth and survival, making them a biologically compelling target for STC-15. In Phase 1, the drug demonstrated durable tumour regression across multiple sarcoma subtypes across dose levels between 60mg and 200mg taken three times weekly.
Full Phase 1 results are expected to be presented at a medical conference in 2026.
The Phase 2 monotherapy trial is designed to support a potential accelerated regulatory approval pathway for STC-15, and to build a foundation for expanding clinical development into additional oncology indications. The first patient has now been successfully dosed. The trial’s ClinicalTrials.gov identifier is NCT06975293.
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STC-15 is simultaneously being evaluated in a Phase 1b/2 combination study with LOQTORZI (toripalimab), a PD-1 inhibitor from Coherus BioSciences, across non-small cell lung cancer, head and neck squamous cell carcinoma, melanoma, and endometrial cancer, a collaboration announced in May 2025.
Jonathan Trent, MD of the University of Miami’s Sylvester Comprehensive Cancer Center and a clinical investigator on the trial, said STC-15’s mechanism “targets sarcomas at their vulnerability, reprogramming malignant cells toward cell cycle arrest and apoptosis.”
STORM CEO Jerry McMahon described the Phase 2 dosing as “a pivotal breakthrough in tackling cancers characterised by aberrant cell differentiation,” pointing to the unmet need in sarcoma where existing options remain limited.
From Kaby Lake to Core Ultra, we revisit Intel’s flagship CPUs to see how a decade of design choices shaped performance, power, and ultimately, how the company lost its lead.
Spigen OM104 MagSafe Phone Grip: The OM104 is a phone/grip combo accessory for MagSafe and Qi2 devices that comes with a flexible nylon strap to slide your finger through while holding your phone. Dual magnets and a robust metal construction make the OM104 feel like money well spent, and even after hours of sliding my finger in and out of the strap, it still feels soft, flexible, and most importantly, comfortable. It has one annoying design oversight. As you slide your phone in and out of your pocket, the nylon strap will start to droop down. The strap is longer than the grip itself, so when you close the kickstand, it’ll get pinched inside and won’t allow the stand to fully close. It’s comfortable to use, but that quibble knocks it down.
Casely MagRing: Unlike other metal grips we’ve tested, Casely’s MagRing is made of soft silicone. We find it more comfortable on the fingers. It also has a 360-degree swivel, so you can position the grip at virtually any angle. This is strictly a grip, so you can’t use it as a kickstand. Since the grip doesn’t fold in, your phone won’t lie fully flat on a surface. We also tested the MagRing+, which comes with a ring clip for attaching your keys. That comes in handy for quick trips to the grocery store or when you go to the gym and need a place to put your car keys and key fob. But Jacob prefers the standard MagRing, since he typically carries his keys in his pocket or bag. Casely has a few variations of the MagRing and MagRing+ in stock, but it appears to be on its last legs.
Smartish Wallflower: It isn’t perfect, but we still love it. The Smartish Wallflower comes with seven small suction cups that look like a flower, allowing you to attach your phone to a wall (or any other surface) and leave it be. It mostly works, but it largely depends on how heavy your phone is and what surface you’re attaching it to. We didn’t have issues with an iPhone 17 and drywall, but the iPhone 15 Pro Max attached to a particleboard cabinet was too heavy for the grip to manage.
If you’re looking to buy a new iPhone, you may be wondering whether to get the iPhone 17 or score a discount on last year’s iPhone 16. To help with that decision, here’s a breakdown of how the two phones compare.
The iPhone 17 starts at $829 — or $799 with carrier activation — the same price as the iPhone 16 when it debuted. But there’s a key difference: The iPhone 17 starts with 256GB of storage, double the 128GB base on the iPhone 16.
The iPhone 16 is now available at a $100 discount. So, is it worth saving some money or should you splurge on the newer phone?
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Here’s what to know about each device, from the cameras to the displays to the batteries. (If you’re looking for a slightly more affordable option, check out the iPhone 17E.)
Watch this: iPhone Air Review: A Joy to Hold, at a Cost
Screen differences
Some of the biggest changes between the iPhone 16 and 17 have to do with the display.
Apple says it shrunk the borders around the screen on the iPhone 17, expanding the display from 6.1 inches on the iPhone 16 to 6.3 inches on the iPhone 17 without expanding its dimensions. The new Ceramic Shield 2 cover on the iPhone 17 offers three-times better scratch resistance, according to the company.
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The baseline iPhone 17 gets a display with a 120Hz refresh rate, as opposed to the 60Hz display on the iPhone 16. That means the iPhone 17 finally supports an always-on display, so you can glance at the time, your notifications and Live Activities without waking the screen.
The iPhone 17 also gains an anti-reflective coating and a 3,000-nit peak brightness, compared to 2,000 nits on the iPhone 16. That should make it easier to see your phone in bright sunlight.
Camera differences
Both the iPhone 16 and 17 have a 48-megapixel wide-angle camera. But the iPhone 17 upgrades the ultra-wide camera from 12 megapixels to 48 megapixels.
The front-facing camera also gets an upgrade, going from 12 megapixels on the iPhone 16 to 18 megapixels on the iPhone 17. There’s a new Center Stage feature for the selfie camera that can automatically adjust from a portrait orientation to landscape to make sure everyone is in the shot. That means you don’t have to manually rotate your phone to its side anymore when there are more people to fit in the frame.
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Both the iPhone 16 and 17 have a Camera Control button on the side to quickly launch the camera, snap some shots and use Apple’s Visual Intelligence tool to learn more about what’s around you.
Processor and RAM
The iPhone 17 packs an A19 chip, an upgrade from the A18 chip in the iPhone 16. One key difference is that the iPhone 17 starts at 256GB, while the iPhone 16 started at 128GB for the same $829 price when it debuted.
Both phones also support the Apple Intelligence suite of AI capabilities, which includes writing tools, image generators and notification summaries.
Battery life
Apple doesn’t share specific battery specs, but it does measure longevity via video playback hours. The iPhone 16 supports up to 22 hours of video playback, according to Apple, while the iPhone 17 bumps that up to 30 hours.
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In CNET’s 45-minute endurance test, which includes streaming, scrolling through social media, joining a video call and playing games, the iPhone 17’s battery went from full to 98%. That’s just over the 97% the iPhone 16 scored last year.
And in a three-hour streaming test over Wi-Fi, which involves watching a YouTube video in full-screen mode at full brightness, the iPhone 17’s battery went from full to 89%. In comparison, the iPhone 16 dropped to 86%.
Anecdotally, the iPhone 17’s battery lasts over a day, even after taking photos, scrolling through social media, watching videos, texting, sending emails and more. The same can be said about the iPhone 16, so you likely won’t feel a huge difference between the two when it comes to day-to-day activities.
A new AI-powered Adaptive Power feature arriving with iOS 26 can help conserve the battery by making “small performance adjustments,” like “allowing some activities to take a little longer,” according to Apple.
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The iPhone 17 arrives with the upcoming operating system onboard, but you’ll also be able to download iOS 26 on the iPhone 16, as well as some older iPhones, once it becomes available publicly. That should help to stretch your battery life on either device.
Color options and design
What’s on the inside may be most important, but people also care what their phone looks like. Like the iPhone 16, the iPhone 17 comes in a range of fun colors: black, white, mist blue, sage (a light green) and lavender.
For comparison, the iPhone 16 is available in black, white, pink, teal and ultramarine. Both phones have an aluminum frame. Check out the spec chart below for a breakdown of each phone.
6.1-inch OLED; 2,556 x 1,179 pixel resolution; 60Hz refresh rate
Pixel density
460ppi
460 ppi
Dimensions (inches)
5.89 x 2.81 x 0.31 in
5.81 x 2.82 x 0.31 in
Dimensions (millimeters)
149.6 x 71.5 x 7.95 mm
147.6 x 71.6 x 7.8 mm
Weight (grams, ounces)
177 g (6.24 oz)
170 g (6 oz.)
Mobile software
iOS 26
iOS 18
Camera
48-megapixel (wide) 48-megapixel (ultrawide)
48-megapixel (wide), 12-megapixel (ultrawide)
Front-facing camera
18-megapixel
12-megapixel
Video capture
4K
4K
Processor
Apple A19
Apple A18
RAM + storage
RAM N/A + 256GB, 512GB
RAM N/A + 128GB, 256GB, 512GB
Expandable storage
None
None (Face ID)
Battery
Up to 30 hours video playback; up to 27 hours video playback (streamed). Fast charge up to 50% in 20 minutes using 40W adapter or higher via charging cable. Fast charge up to 50% in 30 minutes using 30W adapter or higher via MagSafe Charger.
Up to 22 hours video playback; up to 18 hours video playback (streamed). 20W wired charging. MagSafe wireless charging up to 25W with 30W adapter or higher; Qi2 up to 15W
Fingerprint sensor
None (Face ID)
None (Face ID)
Connector
USB-C
USB-C
Headphone jack
None
None
Special features
Apple N1 wireless networking chip (Wi-Fi 7 (802.11be) with 2×2 MIMO), Bluetooth 6, Thread. Action button. Camera Control button. Dynamic Island. Apple Intelligence. Visual Intelligence. Dual eSIM. 1 to 3000 nits brightness display range. IP68 resistance. Colors: black, white, mist blue, sage, lavender.
Apple Intelligence, Action button, Camera Control button, Dynamic Island, 1 to 2,000 nits display brightness range, IP68 resistance. Colors: black, white, pink, teal, ultramarine.
Apple will add at least four new iPhone Apple Intelligence features to Safari, Wallet, and more when it announces iOS 27 this June.
New Apple Intelligence features are rumored for iOS 27
That’s according to a new report, which cites code discovered on Apple’s backend servers. The new features are yet to be confirmed by Apple, but could bring additional functionality to a beleaguered Apple Intelligence feature set. Apple isn’t expected to announce the iOS 27 update until its June 2026 WWDC event. Rumor Score: 🤔 Possible Continue Reading on AppleInsider | Discuss on our Forums
Usually, you think of bird decoys as being a tool to lure birds to an untimely encounter with a hunter. However, [Interesting Engineering] has a story about robotic bird decoys in Grand Teton National Park that are helping restore the dwindling number of sage grouse in the park.
While some decoys are static, others are motorized to replicate mating rituals. The goal: lure real birds to safer areas to breed. Particularly, they want the birds to avoid areas around the Jackson Hole Airport. The robots are built with help from local students and robotics teams. While some of the construction is made of fabric and foam, actual bird feathers are also used.
The robots mimic lekking behavior, a courtship ritual where male grouse do repetitive motions combined with recorded mating calls. This attracts other grouse and, of course, results in chicks who will be raised nearby.
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Assuming the effort is successful, the same technique could help other areas where restored areas are difficult to repopulate. You can find more pictures on the Park’s Instagram, and the title picture is from that collection.
Usually, when we see something like this, the robot is trying to remove something dangerous to the endangered plant or animal, not attract them.
A slide from Snap’s investor update on highlights AI-driven efficiency gains, saying more than 65% of new code is generated by AI.
Snap is cutting 95 jobs in Washington state as part of a broader restructuring that will eliminate about 1,000 positions, or 16% of the company’s full-time workforce.
The Snapchat parent company filed a WARN Act notice with Washington’s Employment Security Department on Wednesday, showing layoffs across its offices in Bellevue, Seattle, and Vancouver, Wash. The cuts take effect between April 16 and June 16, according to the filing.
A filing with the state shows that the affected roles are heavily technical: predominantly software engineers, along with machine learning engineers, data scientists, product managers, and recruiting staff. Senior roles including a director of engineering for Snap’s AI platform and a distinguished software engineer are also on the list of people being laid off.
Rec Room employees who joined Snap were slated to work at Specs Inc., its hardware subsidiary focused on augmented reality glasses. It’s unclear whether any of those newly hired employees are among the 95 cut in Washington.
In addition to the planned job cuts, CEO Evan Spiegel told employees in a memo Wednesday that Snap is also eliminating more than 300 open roles it had planned to fill, and aims to reduce costs by more than $500 million by the second half of the year.
In the memo, Spiegel framed the cuts partly as an embrace of AI, saying advances in the technology allow smaller teams to do what once required larger organizations.
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In an investor update, Snap described the situation as a “crucible moment,” saying it is “squeezed between giants with enormous resources and nimble startups moving fast.” The company said more than 65% of its new code is now generated by AI, and that AI agents are answering more than 1 million support questions per month.
The restructuring follows pressure from activist investor Irenic Capital Management, which owns about 2.5 percent of Snap and pushed the company last month to cut costs and sharpen its strategy. Irenic also criticized Snap’s $3.5 billion investment in its Specs glasses, which has yet to deliver strong returns.
Snap’s stock closed up nearly 8% in trading Wednesday on the news, though it remains down about 25% since the start of the year. The company expects to incur $95 million to $130 million in restructuring charges, mostly tied to severance.
Yeah, we know, there’s a camera on your phone that does this and that. But these days its become trendy to turn towards older digital cameras in place of smartphones, and we can tell you from experience, that the joys of having a dedicated photographing contraption are many.
There’s plenty of cheap digital cameras on the secondhand market, but instead of fending off the clothes bros and other reseller types at the thrift store, stay home and build [Doruk Kumkumoğlu]’s Optocam Zero. Inspired by the Kodak Charmera and the like, [Doruk] aimed for something that’s playful, enjoyable, and intuitive to use.
Optocam Zero uses an auto-focus camera module and features eight photo filters. The screen dims when inactive to preserve battery life, but it can be charged back up with USB-C, and you can use it for the duration. And unlike my young adult camera, you don’t have to take out the SD card to see the pictures, just use the custom hotspot interface to transfer them.
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If you need to capture a cat yawning real fast, you might want to just use your phone instead, because takes 22 seconds for Optocam Zero to get camera-ready. But when you have a less spontaneous subject in mind, this thing looks like a great choice. Be sure to check out the excellent build guide (PDF) whether you build one or not.
We think the images from the Optocam Zero look pretty crispy. But if you want to go lo-fi, we have that, too.
A federal jury found Wednesday that Live Nation has been operating as an illegal monopoly — a verdict that could lead to the breakup of the entertainment giant and its ticketing subsidiary, Ticketmaster, and bring relief to concertgoers who are sick of dynamic pricing and inexplicable service fees.
The ruling came as internal Slack messages surfaced during the trial showing Live Nation employees joking about taking advantage of customers — including one conversation about parking prices that prosecutors argued revealed the company’s true attitude toward its customers.
The verdict is the latest development in a web of litigation that began when the Department of Justice and 40 state attorneys general sued Live Nation in 2024 for alleged monopolistic practices. The two companies had merged in 2010 to form an entertainment giant that came to control the majority of ticket sales and venue bookings in the country, which made it more difficult for other companies to compete, according to the lawsuit. Without meaningful competition, customers had no choice but to accept Live Nation’s dubious pricing models, which critics say benefit the company’s bottom line, rather than artists.
Last month, the DOJ tentatively settled with Live Nation, while a separate state-level trial was already underway. But 34 of the attorneys general pressed forward — and on Wednesday, the jury delivered its verdict.
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During the widely followed trial, the Slack messages surfaced between two Live Nation employees: Ben Baker, now head of ticketing for Venue Nation, and Jeff Weinhold, now a senior director in the ticketing department.
“These people are so stupid,” Baker said in a conversation about raising prices on parking. “I almost feel bad taking advantage of them BAHAHAHAHAHA.”
In a later conversation, also about parking prices, Baker said, “Robbing them blind baby.”
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Live Nation argued that these remarks represented “off-the-cuff banter, not policy, decision-making, or facts of consequence.”
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As part of the DOJ settlement, Live Nation is supposed to pay a $280 million fine and divest at least 13 of its venues, requiring those venues to accept bookings from competing promoters. But given the jury’s finding that Live Nation operated as an illegal monopoly, the consequences might end up being more severe.
What happens next isn’t clear. Judge Arun Subramanian still has to determine remedies at a later date. But the possibility of breaking up Live Nation and Ticketmaster remains on the table.
Having 32GB in a 2 x 16GB configuration provides plenty of breathing room for demanding workloads, including large creative projects, heavy multitasking, and memory-hungry applications.
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Today’s top Corsair Vengeance deal
It’s worth pointing out that this Corsair kit is DDR4 rather than the newer DDR5 standard. DDR5 is much faster overall, but that only helps if your motherboard supports it. For many existing systems, DDR4 is what you want.
This particular kit runs at DDR4 3200 speeds with CL16 timings of 16-20-20-38. Corsair includes dynamic multi-zone RGB lighting with 10 ultra-bright LEDs on each module, delivering colorful lighting effects that can sync with other Corsair components via its iCUE software ecosystem.
If this is the sort of thing you like, lighting effects can be set to match compatible CPU coolers, keyboards, and fans without complicated configuration steps or additional hardware requirements.
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A custom performance PCB supports stable signal quality and reliable operation under load, which will benefit your system during long work sessions or when overclocking.
An anodized aluminum heat spreader keeps temperatures in check and Intel XMP 2.0 support will allow you to achieve the rated speed with a single BIOS setting instead of manually tuning multiple memory parameters.
If you’re building a compatible system or upgrading an older machine that already uses DDR4, this is a great deal, especially coming at a time when computer RAM prices are still on the high side.
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