A US federal appeals court upholds the Texas social media content moderation law, lifting an injunction that blocked it and remanding it back to the lower court (Joe Schneider/Bloomberg)

Bloomberg:
French industrial giant Schneider Electric agrees to pay £3.87B to acquire the remaining ~41% stake in UK industry software company Aveva, valuing it at £9.5B  —  Schneider Electric SE agreed to buy out minority shareholders in Aveva Group Plc in a deal that values …

Rebecca Klar / The Hill:
The 5th Circuit Court of Appeals blocks the Texas social media law from going into effect, as industry groups seek to bring the case to the Supreme Court  —  The 5th Circuit Court of Appeals blocked a controversial Texas social media law from going into effect Wednesday as industry groups seek to bring the case to the Supreme Court.

TechCrunch:
BrandTotal and Unimania agreed to a permanent injunction banning them from using and scraping Facebook and Instagram, and will pay a “significant financial sum”  —  Facebook parent Meta has settled a lawsuit in the U.S. against two companies that had engaged in data scraping operations …

Ernesto Van der Sar / TorrentFreak:
Italian court upholds a ban against Cloudflare resolving DNS queries for three torrent sites, after Cloudflare appealed saying it would result in a global ban  —  The Court of Rome has confirmed that Cloudflare must block three torrent sites through its public 1.1.1.1 DNS resolver.

Greg Stohr / Bloomberg:
Tech industry groups that include Meta and Google ask SCOTUS to overturn the Texas social media content moderation law, arguing it violates the First Amendment  —  Trade groups that represent Meta Platforms Inc. and Alphabet Inc.’s Google said they asked the US Supreme Court to overturn …

Taylor Hatmaker / TechCrunch:
In a Senate committee hearing, Meta, YouTube, TikTok, and Twitter execs defended their platforms and dodged questions about security, privacy, and moderation  —  Executives from four of the biggest social media companies testified before the Senate Homeland Security Committee Wednesday …