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Here's your morning, TNB Tech Minute, for Friday, June 12th.

I'm Julie Chang for the Wall Street Journal.

Adobe lifted its full-year financial targets, citing growing demand for its AI products. Second quarter profit reached $1.71 billion

up from $1.69 billion a year earlier. Revenue rose 13% to $6.62 billion, beating analysts' expectations. Adobe plans to

focus on its freemium AI offerings in an effort to grow its user base at the expense of short-term

annualized recurring revenue growth. The software company is also pausing plans to raise prices on its creative cloud suite

to focus instead on user acquisition. Plus, the company faces a leadership transition, as its

CFO departs on Monday and its CEO plans to step down once a successor is found. Adobe stock has

tumbled 37% this year. SpaceX allocated around 20% of its $75 billion

offering to individual investors. That's according to people familiar with the matter. That figure is

significantly higher than the typical 5 to 7% range in an IPO allocated to so-called retail investors.

Large institutional investors and sovereign wealth funds typically receive the bulk of the shares.

...