AI, Chips, Old Navy and Lake America | Business and Finance News

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Recorded28 Aug 2026

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Handlerec:20176156

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Federal judges just dealt a major blow to the Pentagon, ruling it illegally blacklisted Anthropic over AI concerns — a huge win for the company ahead of its IPO. Meanwhile, SK Hynix is building a $4 billion chip packaging plant in Indiana, aiming to boost high-bandwidth memory production by 2030. Old Navy’s struggling turnaround got a boost with Michael Francis set to take over as CEO in November, sending Gap’s stock soaring. Taylor Farms faces scrutiny as industry consolidation raises alarms about food safety and traceability. And in a move that’s already sparking debate, the President signed an order renaming Lake Ontario to “Lake America” — echoing last year’s “Gulf of America” proposal. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0cd7412a174d66b3

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