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rental listings July 24th through June 2025, number one trusted based on August 2025 proprietary survey

among real estate professionals. Here is your morning brief for Wednesday, March 25th.

I'm Luke Vargas for the Wall Street Journal.

Meta is rolling out a new stock incentive program for its top executives that could see some earn hundreds of millions of dollars if the company's market cap tops more than $9 trillion by

2013, a massive leap from its current $1.5 trillion. Meta has leaned heavily on stock awards amid the AI race,

with a journal analysis finding that cash costs tied directly to those awards consumed 96% of its free cash flow last year.

Shares in British semiconductor designer arm holdings have soared off hours after it announced plans to sell its own chips for the first time, putting it into direct competition with longtime customers like Invidia and Alphabet.

The new chip has been developed with meta for use in data centers, with OpenAI, SAP, and Cloudfare also signing on as customers.

Armed designs power nearly every smartphone and tablet.

And South Korean chip giant S.K. Heinex is eyeing Wall Street.

The company plans to list in the U.S. later this year, looking to tap into global cash to fuel

its high-end AI chip production.

The exact size and timing of the listing is still under wraps,

with SK Heinek saying it'll make a final decision on whether to list after the SEC's review and considering market conditions.

Oil prices have slipped below $100 a barrel on cautious optimism.

The conflict in the Middle East could be getting closer to a resolution

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