Meta Platforms is constructing a $27 billion data center in Louisiana, financed through debt not on its balance sheet. The seemingly advantageous financial move raises skepticism about its sustainability.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Read more at “Wall Street Journal”

1. The stock market reached record highs today, with the Dow Jones Industrial Average closing at 35,000 for the first time. Investors are optimistic about strong corporate earnings and economic recovery.

2. The FDA approved a new drug for treating Alzheimer’s disease, the first new drug to be approved for the disease in nearly 20 years. The drug has shown promising results in clinical trials.

3. Tesla announced plans to open a new factory in Texas, which will focus on producing its Cybertruck and Model Y vehicles. The move is part of Tesla’s expansion efforts as it aims to meet growing demand for electric vehicles.

4. In tech news, Apple unveiled new updates for its operating systems at its annual Worldwide Developers Conference. The updates include improvements to privacy features and new tools for developers.

5. The Federal Reserve announced that it will keep interest rates near zero and continue its bond-buying program to support the economy. The central bank cited ongoing economic uncertainty due to the pandemic as a reason for maintaining its current policies.: AI Meets Aggressive Accounting at Meta’s Gigantic New Data Center