The European Commission has proposed measures to restrict children's access to social media across the European Union under a draft law called the EU KIDS Act. Children under 13 would be banned from accessing social media, while those aged 13 to 15 would be allowed only limited use through accounts held by their parents or legal guardians. Under the plan, children's accounts would be restricted in their communications with others and limited to no more than one hour of use per day. At the same time, social media platforms, video-sharing services, online video games, artificial intelligence companions and chatbots used by minors would have to be designed to be safe, limiting features that encourage addiction, such as endless scrolling, certain reward mechanisms and notifications sent during sleeping hours. Minors' user accounts would also be set to private by default, with access to location data, cameras and microphones switched off. In addition, artificial intelligence companions and chatbots for minors would be disabled by default, and minors would be barred from using simulated interpersonal relationships in ways that could foster emotional dependence. The proposed restrictions have been submitted to the European Parliament and the Council of the European Union for consideration and approval, and enforcement would rely on existing mechanisms under the Digital Services Act and the Artificial Intelligence Act, with violators facing fines of up to 6 percent of annual global revenue.
Wolters Kluwer Adds Kluwer Law International Content to Libra AI Workspace in 11 European Countries
Wolters Kluwer has added Kluwer Law International content to its Libra legal AI workspace for users in 11 European countries, giving Libra subscribers access to specialist international legal expertise within the same AI-driven environment. The company's Tax & Accounting division also introduced a Designated Vendor Integrator Key for CCH Axcess to manage third-party technology integrations more securely. Wolters Kluwer is a €15.2 billion professional services group focused on information and software tools for lawyers and accountants, and the company said the two moves sit squarely in its core workflow software and data products for professionals across Europe and beyond. The company said the update supports the view that its AI-infused cloud platforms can deepen customer reliance and support recurring revenue quality, with each extra content set or integration making it harder and costlier for law and accounting firms to switch providers. A datapoint to watch is how much of Libra's and CCH Axcess's customer base activates these new capabilities in the next set of segment disclosures and commentary around the 2026 full year results.
Meta Connect 2026 Kicks Off September 23 at Menlo Park Campus
Meta Connect 2026 begins Wednesday, September 23 at 4:00 P.M. at Meta's campus in Menlo Park, California, headlining a week of investor events that also includes McDonald's Investor Day and a White House meeting between President Trump and China President Xi. The two-day livestreamed Meta showcase will include updates on the company's latest work in AI, AI-powered glasses, virtual and mixed reality, and related developer technologies, with major product announcements and a keynote from CEO Mark Zuckerberg anticipated. McDonald's holds its highly-anticipated Investor Day the same day, with investors watching how management plans to restore U.S. momentum while sustaining international growth and the durability of its new beverage platform, whose launches in the U.S., Canada, and Germany reportedly exceeded expectations. On Thursday, September 24, President Trump meets China President Xi at the White House, with Taiwan, AI, tariffs, and global conflicts expected on the agenda and more details possible on China's purchase of Boeing aircraft; Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, and Qualcomm CEO Cristiano Amon are expected at the evening state dinner. Also Thursday, a bond hearing is scheduled at 4:30 p.m. related to Paramount Skydance's planned $110B purchase of Warner Bros. Discovery. The week's earnings slate includes Autozone, Thor Industries, and KB Home on Tuesday; Cintas, Paychex, General Mills, and Cracker Barrel on Wednesday; and Darden Restaurants and Costco on Thursday.
Tigress Analyst Raises Alphabet Price Target to Street-High $485
Tigress Financial Partners analyst Ivan Feinseth reiterated a Strong Buy rating on Alphabet and raised his price target to a Street-high $485 from $415, implying roughly 39.6% upside. The bullish thesis centers on Alphabet turning its massive AI investments into growth across Search, Cloud and Gemini, with Feinseth arguing AI Overviews and AI Mode can make Google more useful for complex, high-intent queries. Recent results support that argument: Alphabet's second-quarter revenue rose 24% from a year earlier to $119.8 billion, Search and Other revenue increased 17%, YouTube advertising grew 13%, and operating income climbed 30% to $40.77 billion. Google Cloud revenue surged 82% to $24.8 billion, operating income more than tripled to $8.8 billion, margins reached 35.6%, and its $514 billion backlog gives visibility into future enterprise demand. Gemini has reached 950 million monthly active users, more than 9 million monthly developers and roughly 22 billion API tokens processed per minute, and Feinseth sees monetization opportunities across subscriptions, APIs, enterprise software, agents and productivity products, though the risk remains that Alphabet must prove its enormous AI spending generates sufficient returns.
