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Top stories and hot topics from the media in the world, a division of @iBreaking .
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CNBC: Pop Mart shares plunge over 22% as concerns over sustainability of Labubu sales dwarf stellar results

the Beijing-based toy maker posted annual revenue of 37.1 billion yuan ($5.4 billion) for 2025, up 185% from a year earlier, just shy of LSEG estimates of 38 billion yuan.

https://www.cnbc.com/2026/03/25/pop-mart-labubu-sluggish-crybaby-monster-family-sales-.html
CNBC: Arm jumps 13% in premarket after saying first in-house chip set to generate $15 billion in revenue

Arm said it expects its new chip to generate six times more revenue in 2031 than the $4 billion it made in 2025.

https://www.cnbc.com/2026/03/25/arm-stock-chip-revenue-agi-cpu.html
CNBC: Sen. Warren: DOD answers show no anti-corruption protocols for Trump children

Democrats have been hotly critical of the Trump family's business dealings while President Donald Trump serves in the White House.

https://www.cnbc.com/2026/03/25/warren-pentagon-corruption-trump-children.html
CNBC: Mortgage demand drops more than 10% as rates hit the highest level since October

Mortgage demand continued to tumble last week, as mortgage rates surged higher and affordability weakened further.

https://www.cnbc.com/2026/03/25/mortgage-demand-drops-highest-level-since-october.html
CNBC: Merck to buy Terns Pharmaceuticals for $6.7 billion to boost cancer pipeline

Merck is trying to bulk up its portfolio ahead of its best-selling cancer drug Keytruda losing patent protection in 2028.

https://www.cnbc.com/2026/03/25/merck-buy-terns-pharmaceuticals-mrk-stock-boost-cancer-pipeline.html
CNBC: Legal AI startup Harvey valued at $11 billion in funding round, as VCs spread bets beyond model companies

Harvey will use its fresh capital to expand its AI agents and grow its embedded legal engineering teams.

https://www.cnbc.com/2026/03/25/legal-ai-startup-harvey-raises-200-million-at-11-billion-valuation.html
CNBC: Swiss sneaker maker On Holding shakes up leadership amid slowing growth

Co-founders to become co-CEOs as On prepares to enter its "next growth phase," the company said in a statement Wednesday. 

https://www.cnbc.com/2026/03/25/on-onon-ceo-sneaker-maker-leadership-change-slowing-growth.html
CNBC: Iran won't accept U.S. effort at ceasefire in war, state media reports

President Donald Trump has claimed the United States and Iran are "in negotiations now." But the Islamic Republic denies any direct talks to end the war.

https://www.cnbc.com/2026/03/25/iran-war-us-trump.html
CNBC: Iran war may further 'chill' an already frozen job market, economist says

The war injects additional uncertainty for businesses, leading them to hit pause on hiring.

https://www.cnbc.com/2026/03/25/iran-war-low-hire-low-fire-job-market.html
CNBC: Prediction markets' new insider trading restrictions aren't enough, bipartisan senators say

Sens. Adam Schiff, D-Calif., and John Curtis, R-Utah, said they are optimistic their bill has enough bipartisan support to pass in Congress.

https://www.cnbc.com/2026/03/25/prediction-markets-bill-insider-trading-kalshi-polymarket-adam-schiff-john-curtis.html
CNBC: New Mexico seeking changes to Meta's platform after jury finds company liable

New Mexico Attorney General Raúl Torrez plans to ask for algorithm and design changes, age verification and independent verification in the trial's next phase.

https://www.cnbc.com/2026/03/25/new-mexico-meta-lawsuit-jury-verdict.html
CNBC: UK government to trial social media ban for hundreds of teens

A teen social media ban pilot in the U.K. will include restrictions ranging from curfews to time caps on popular apps like Instagram, TikTok, and Snapchat.

https://www.cnbc.com/2026/03/25/uk-trial-social-media-ban-teenagers-online-safety-push.html
CNBC: Meta cutting several hundred jobs across Reality Labs, Facebook and other departments

The layoffs come as Meta has been refocusing its efforts and pouring billions of dollars into AI.

https://www.cnbc.com/2026/03/25/meta-layoffs-reality-labs-facebook.html