By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve will consider plans to ease leverage requirements on larger banks at a meeting later this month, kicking off what is expected to be a broad effort to reconsider bank rules. The U.S. central bank announced the board meeting, scheduled for June 25, to discuss changes to the…
By Suzanne McGee and Manya Saini (Reuters) -Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in both bitcoin and ethereum, the two largest cryptocurrencies, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF filing from the social media…
NEW YORK (Reuters) -Renewable power like solar and onshore wind is the least expensive and quickest power generation source to deploy in the United States, even without government subsidies, Lazard said in a report on Monday. The cost to build new gas-fired power plants, meanwhile, has hit a 10-year high amidst the country’s record electricity…
(Reuters) -Executives at OpenAI have discussed accusing the company’s major backer, Microsoft, of anticompetitive behavior during their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter. OpenAI’s effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as…
(Reuters) -Traders on Friday exchanged the most $80 West Texas Intermediate (WTI) crude oil call options since January, expecting more upside to prices after Israeli airstrikes on Iran sparked fears of a wider Middle East conflict. Call options grant the holder a right to buy futures contract at the preset price and date, and a…
By Supantha Mukherjee PARIS (Reuters) -OpenAI plans to continue working with Scale AI after rival Meta on Friday agreed to take a 49% stake in the artificial intelligence startup for $14.8 billion, OpenAI’s CFO Sarah Friar told the VivaTech conference in Paris. Scale AI provides vast amounts of labelled or curated training data, which is crucial for developing…
By Twesha Dikshit (Reuters) -Adobe’s shares dropped 7% in early trading on Friday as investors’ concern that the company’s AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast. “(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization,” said…
By Siddhi Mahatole (Reuters) -Amazon said on Friday its healthcare business will be divided into six new units as part of a restructuring effort, in a move that comes after recent top health executive departures. The company’s chief medical officer, Sunita Mishra, stepped down last month, while Aaron Martin, who has been the vice president…
(Reuters) -Anne Wojcicki is set to regain control of 23andMe after a nonprofit she controls topped Regeneron Pharmaceuticals’ bid for the DNA-testing company for $305 million as part of a bankruptcy auction. Last month, Regeneron agreed to buy the firm for $256 million, topping a $146 million bid from Wojcicki and TTAM Research Institute. “The…
By Abigail Summerville NEW YORK (Reuters) -Pharmacy chain Walgreens and reality star turned entrepreneur Kourtney Kardashian are among those picking over the remaining assets in Rite Aid’s bankruptcy, according to two people familiar with the matter. In addition to Walgreens, brand management companies Authentic Brands Group, WHP Global and Marquee Brands have been evaluating Rite…
