HPE secures $1 billion AI server deal for Elon Musk’s X, Bloomberg News reports

(Reuters) – Hewlett Packard Enterprise has struck a deal worth over $1 billion to provide Elon Musk’s social media platform X with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter. The agreement was reached late last year, the report said, adding that competitors Dell Technologies and…

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Liquidnet pays $5 million fine to settle US SEC charges over controls, confidentiality

NEW YORK (Reuters) – Liquidnet agreed to pay a $5 million civil fine to resolve U.S. Securities and Exchange Commission charges that the broker-dealer lacked necessary controls regarding market access, and failed to protect confidential subscriber trading information. The SEC said on Friday that Liquidnet violated a rule governing alternative trading systems operators by setting…

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Exclusive-Biden administration to release clean fuel tax credit model that limits ethanol producers’ credit access, sources say

NEW YORK (Reuters) – The Biden administration is expected to release by next week a climate model for clean fuel tax credits that will not include climate-smart agricultural practices, three sources familiar with the matter told Reuters. The exclusion of the practices would make it harder for ethanol producers to access clean fuel energy credits…

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Russian oil firm shrugs off sanctions, insurer says dodgy operators will profit

MOSCOW (Reuters) – Russian oil producer Gazpromneft shrugged off the impact of major new U.S. sanctions on Friday, while insurance company Ingosstrakh said they would create a market vacuum that would benefit less reputable competitors. The outgoing administration of President Joe Biden on Friday imposed its broadest package of sanctions yet, targeting Russia’s oil and…

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Walgreens Boots signals turnaround on track as it tops estimates, shares surge

By Manas Mishra and Sneha S K (Reuters) -Walgreens Boots Alliance beat analysts’ lowered expectations for first-quarter adjusted profit on Friday and indicated that its restructuring was taking hold, sending the U.S. pharmacy chain operator’s shares up nearly 25%. The company has announced thousands of store closures, a $1 billion cost-cutting program, and is exploring…

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