(Reuters) -U.S. drugmaker Pfizer is going “all in” to develop its experimental obesity drug and has been recruiting more experts in that area, Chief Executive Officer Albert Bourla said at the JPMorgan Healthcare Conference on Monday. Bourla said the experts were helping Pfizer “make better and more sound decisions,” and the company could start a…
(Reuters) -JPMorgan Chase and Bank of America are preparing to ease mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple with one of the most destructive natural disasters in the city’s history. Chase Home Lending is providing disaster forbearance for mortgage customers affected by the wildfires, parent firm JPMorgan said…
(Reuters) -OpenAI on Monday laid out its vision for artificial intelligence development in the U.S., saying the country needs outside investment and supportive regulation to stay ahead of China in the race for the nascent technology. “Chips, data and energy are the keys to winning AI” and the U.S. needs to act now to craft…
(Reuters) -Nvidia’s top customers are delaying orders of the AI chip leader’s latest ‘Blackwell’ racks due to overheating issues, the Information reported on Monday. The Santa Clara, California-based company’s shares fell more than 4% in early trading. The U.S. government also said earlier in the day it would further restrict AI chip and technology exports,…
By Katie Paul (Reuters) – Meta Platforms is ending its diversity, equity, and inclusion (DEI) programs, including those for hiring, training and picking suppliers, it said in a memo to employees posted on an internal company forum on Friday. The move comes in the run-up to U.S. President-elect Donald Trump’s inauguration, as the company attempts…
(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…
By Nate Raymond (Reuters) -A U.S. appeals court on Friday revived a lawsuit by a conservative group opposed to diversity initiatives in medicine that challenged a Pfizer fellowship program designed to boost the pipeline of Black, Latino and Native American people in leadership positions at the drugmaker. At the urging of the group Do No…
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…
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…
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…
