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Here's your afternoon TNB Tech Minute for Wednesday, June 10th.

I'm Julie Chang for the Wall Street Journal.

Trump media and technology says it's no longer trying to spin off truth social. After Trump media announced in December a plan to combine with

nuclear fusion firm TAE Technologies, executives said they were trying to split assets, including

the business's social media arm, into a separate company through a spec deal.

Trump media said it still hopes to complete the TAE merger this year, but that the parties have

decided not to continue pursuing the spinoff of Truth Social at this time. Trump media shares are

down roughly 38% this year. Its stock slipped over 2% today. Shares of Swedish autonomous truck company NRID

have surged nearly 60% in its NASDAQ debut today. Last week, shareholders approved a merger

with a U.S. back. In a transaction that valued NRIES' equity at $1.35 billion before proceeds from the deal.

Enri develops electric self-driving freight vehicles and software platforms. It serves customers

across North America, Europe, and the Middle East. The company raised $113 million

earlier this year. Finally, online shopping platform, Shopify is cutting jobs.

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