(Reuters) – Meta Platforms said on Thursday it has partnered with film director James Cameron’s technology venture Lightstorm Vision to enhance the creation of 3D entertainment, including live sports, concerts and TV series, for the Meta Quest. The Quest headset will be Lightstorm Vision’s exclusive mixed reality hardware platform, the Facebook-parent said. The partnership underscores…
By Andy Sullivan, David Morgan and Richard Cowan WASHINGTON -Billionaire Elon Musk and former presidential candidate Vivek Ramaswamy met on Thursday with Republican lawmakers whose support they will need to win the sweeping spending cuts that President-elect Donald Trump has asked them to find. Trump has named two entrepreneurs to a task force that aims…
(Reuters) -President-elect Donald Trump met with the chief executives of U.S. drugmakers Pfizer and Eli Lilly as well as industry lobbying group PhRMA on Wednesday night, Axios reported on Thursday. Anti-vaccine activist Robert F. Kennedy Jr., Trump’s pick to lead the United States’ top health agency, was also present at the meeting, according to the…
(Reuters) -Dollar General warned on Thursday profit margins would be pressured in the holiday quarter due to higher promotions and discounts as shoppers stuck to buying more essentials like groceries, sending its shares down as much as 5%. A shorter 26-day period between Thanksgiving and Christmas, coupled with frugal consumer spending, has pushed U.S. retailers…
By Fadimata Kontao, Portia Crowe and David Lewis BAMAKO (Reuters) -Mali, one of Africa’s biggest gold producers, has issued an arrest warrant for Barrick Gold Chief Executive Mark Bristow, a warrant document seen on Thursday by Reuters showed, escalating a dispute with the Canadian mining company. The West African country’s junta-led government is seeking more…
MOSCOW (Reuters) – Russian President Vladimir Putin on Wednesday questioned the need to hold state reserves in foreign currencies since they could easily be confiscated for political reasons, saying that domestic investment of such reserves was more attractive. Western countries froze about $300 billion of Russian reserves, accumulated from windfall energy revenues, at the start…
By Kyoko Gasha and Luc Cohen NEW YORK (Reuters) -Brian Thompson, the CEO of UnitedHealth’s insurance unit, was fatally shot on Wednesday morning outside a Midtown Manhattan hotel in what appeared to be a targeted attack by a gunman lying in wait, New York City police officials said. The shooting occurred around 6:45 a.m. ET…
(Reuters) – Apple and Baidu are working to add AI features to iPhones sold in China, but are facing hurdles that could hurt the tech giant’s phone sales in the country, The Information reported on Wednesday. The companies, which are adapting Baidu’s large language models for iPhone users, are grappling with issues such as the…
(Reuters) – The BlackRock Investment Institute (BII) said on Wednesday that it had gone further “overweight” on U.S. equities as greater adoption of AI unlocks buying opportunities across sectors, even with U.S. stocks trading at record highs. The BII, a research and analysis arm of the world’s largest asset manager, said in its outlook note…
By David Lawder WASHINGTON (Reuters) – The World Bank on Tuesday said developing countries spent a record $1.4 trillion to service their foreign debts in 2023 as interest costs climbed to a 20-year high, squeezing budgets for necessities including healthcare, education and the environment. The bank’s latest International Debt Report showed that total foreign debt…
