WASHINGTON (Reuters) – President Joe Biden has directed the U.S. military to aid Israel’s defense against Iranian attacks and shoot down missiles targeting Israel, the White House National Security Council said on Tuesday. Biden and U.S. Vice President Kamala Harris are monitoring the attack from the White House situation room and receiving regular updates, NSC […]
OpenAI introduces new tools for developers to fast-track building of AI models
(Reuters) – OpenAI unveiled a host of new tools on Tuesday that would make it easier for developers to build models based on its artificial intelligence technology, as the ChatGPT maker wrestles with tech giants to keep up in the generative AI race. The Microsoft-backed startup said a new real-time tool, rolling out immediately for […]
US issues $2 billion electric vehicle tax rebates since Jan 1, Treasury says
By David Shepardson WASHINGTON (Reuters) – The U.S. government has issued $2 billion in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1 covering more than 300,000 vehicles, the Treasury said on Tuesday. Since new rules took effect this year allowing for consumers to take advantage of EV tax credits worth up […]
Platinum Equity’s Ingram Micro makes US IPO filing public
(Reuters) -Ingram Micro made public its U.S. IPO filing on Monday, more than two years after the private-equity backed electronics distributor laid the foundation for its return to stock markets. Expectations of more monetary policy easing and pressure to return capital to investors are encouraging PE firms to list their portfolio companies. Beverly Hills, California-based […]
US FTC allows Chevron-Hess deal, bars John Hess from board
By Jody Godoy NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron’s $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron’s board. The FTC’s order leaves Exxon Mobil’s challenge to the deal, which is expected to stretch deep into next year, as its final […]
GM’s Cruise self-driving unit to pay $1.5 million fine over crash disclosure
By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration said on Monday that General Motors’ self-driving car unit Cruise will pay a $1.5 million fine after it failed to disclose details of a serious October 2023 crash involving a pedestrian. Under the settlement, Cruise must submit to NHTSA a corrective action plan on […]
US oil demand grew to highest seasonal level since 2019 in July, EIA data shows
NEW YORK (Reuters) -U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time in three months, data from the U.S. Energy Information Administration showed on Monday. U.S. oil demand has been more resilient this year compared to other major consumers such as China, which have […]
Kremlin says Russia’s updated nuclear doctrine is being formalised
MOSCOW (Reuters) – The Kremlin said on Sunday that amendments to Russia’s nuclear doctrine had been prepared and were about to be formalised, meaning the relevant documents setting out the circumstances in which nuclear arms can be used by Moscow will be updated. President Vladimir Putin warned the West on Wednesday that under proposed changes […]
Online sellers on Walmart’s Flipkart sue India watchdog over antitrust probe
By Aditya Kalra NEW DELHI (Reuters) – Three online sellers operating on Walmart-owned Flipkart have sued the Indian antitrust watchdog over an investigation which found they, Flipkart and rival Amazon breached competition laws, according to court filings seen by Reuters. The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of […]
Why gene therapy for sickle cell is slow to catch on with patients
By Deena Beasley LOS ANGELES (Reuters) – Student Zoe Davis, 20, was just weeks into her junior year when she landed back in the hospital with severe sickle cell pain earlier this month. She is doing what she can to prevent the crippling attacks in her arms, legs and abdomen that are becoming more frequent. […]