By Dietrich Knauth and Mike Spector NEW YORK (Reuters) – Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has announced plans to finalize a […]
Perplexity AI to launch ads on search platform by fourth quarter
(Reuters) – Nvidia and Jeff Bezos-backed Perplexity AI said on Thursday that it plans to introduce advertising on its artificial intelligence-powered search platform by the fourth quarter. Last month, the AI startup launched a program for publishers with an initial batch of partners, including TIME, Der Spiegel, and Fortune, in which it plans to share […]
Bristol-Myers Squibb-backed Zenas BioPharma files for US IPO
(Reuters) – Bristol-Myers Squibb-backed Zenas BioPharma has filed to go public in the United States, a regulatory filing showed on Thursday, underscoring improving investor appetite for new listings. The U.S. initial public offering market is in the early innings of a recovery on hopes of potential interest-rate cuts and lower market volatility. Zenas BioPharma, an […]
Analysis-Walmart tears up China online strategy with JD.com stake sale
By Siddharth Cavale NEW YORK (Reuters) – Walmart’s stake in Chinese e-commerce firm JD.com was once central to its China strategy. Now it is tearing up that playbook by unloading its entire $3.74 billion stake in one of China’s biggest online retailers, in another example of the volatile nature of its relationship with China. The unshackling […]
Musk’s ban on remote work at X beats disability bias claim for now
By Daniel Wiessner (Reuters) – A federal judge in California on Wednesday dismissed a lawsuit accusing social media platform X of forcing out workers with disabilities after Elon Musk took over the company and barred employees from working remotely. U.S. District Judge Araceli Martinez-Olguin in San Francisco said the plaintiff in the 2022 proposed class […]
Lingo Telecom agrees to $1 million fine over AI-generated Biden robocalls
By David Shepardson (Reuters) – Lingo Telecom agreed to pay a $1 million fine after the agency said it transmitted fake robocalls imitating President Joe Biden seeking to dissuade people from voting for him in New Hampshire’s Democratic primary election, a U.S. government regulator said on Wednesday. The Federal Communications Commission said Lingo transmitted spoofed […]
Chinese electric carmaker BYD unveils new plug-in hybrid SUV in Mexico
MEXICO CITY (Reuters) – Chinese electric carmaker BYD unveiled on Wednesday its new plug-in Song Pro hybrid SUV in Mexico, the company’s local director announced on Wednesday, adding the vehicle’s local price tag will start at nearly 600,000 pesos, or about $31,000. The presentation marks the second unveiling in recent months as BYD considers potential […]
Top 5 Artificial Intelligence Stocks Poised to Soar Over the Next 12 Months
Since the first mainstream media coverage on the growth of Artificial Intelligence (AI), investors have paid close attention to this rapidly growing new industry. Investors are closely monitoring AI-related stocks, hoping to capitalize on this potent megatrend. The implementation and utilization of AI across diverse sectors, including healthcare, finance, manufacturing, and transportation, have unveiled new […]
Shares of Trump’s media firm sink to record low
By Chibuike Oguh NEW YORK (Reuters) – Shares of Trump Media & Technology Group, which is majority-owned by former U.S. President Donald Trump, sank to record lows on Tuesday, following the Republican presidential candidate’s recent return to rival social media platform X. Trump Media shares dropped to as low as $21.33, down more than 4%. […]
Energix signs long-term solar power deal with Google
(Reuters) – Energix Renewables said on Tuesday it has signed a long term agreement with Alphabet’s Google to supply electricity and renewable energy credits generated from its solar projects to the tech giant. To power their rapidly expanding AI data centers, major technology firms like Google are increasingly negotiating electricity supply agreements with energy providers. […]