Jasper Therapeutics' valuation falls to $53 million following drug development errors and layoffs; focuses on chronic hives treatment after halting other research.

Google has signed a deal with Commonwealth Fusion Systems to purchase 200 megawatts of fusion energy from the future ARC plant in Virginia, with Google also increasing investment in CFS.

Genentech announced a third round of layoffs, affecting 143 jobs, as part of its strategic workforce adjustments, amid broader job cuts across various sectors in Northern California.

Synthego, a CRISPR tech biotech firm, has filed for bankruptcy but remains operational and optimistic about future growth, with potential acquisition by hedge fund Perceptive Advisors.

Chegg to lay off 22% of its workforce, citing competition from AI tools and declining web traffic, as it aims to save costs and adapt to changes in the education technology industry.

Bay Area tech companies face significant layoffs in Q1 2025, as the region loses over 11,000 tech jobs. In contrast, the U.S. economy adds 177,000 jobs in April, with an unchanged unemployment rate of 4.2%.

California is now the world's fourth largest economy, surpassing Japan, with a GDP of $4.1 trillion. Governor Newsom attributes this to investments in people and innovation but warns that Trump's tariff measures could harm growth.

Walmart opened a new tech hub in Sunnyvale, housing thousands of employees, indicating an expansion in the South Bay's economy despite tech industry contractions.

Apple airlifted iPhones from India to the US to avoid tariffs on Chinese goods, shipping an estimated 1.5 million units amid fears of significant price hikes due to the trade war.

GoPro CEO Nicholas Woodman waives his $850,000 salary to help the struggling company, which has faced a substantial revenue drop and a significant decrease in market cap.

Google agrees to a $28 million settlement in a lawsuit over claims of racial discrimination in pay and promotion, particularly against Hispanic and Indigenous employees, while denying wrongdoing.

Mineta San José International Airport is updating its retail experience with Hudson and Paradies Lagardère, featuring over 50 local retailers, aiming to showcase Silicon Valley culture and increase revenue by 20%.

dd's DISCOUNTS is opening a new store in San Jose's The Plant Shopping Center, as part of the center's transformation into a prime retail destination.