By Akash Sriram (Reuters) -GameStop fell about 19% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer’s ailing business. The ousting of former Amazon.com executive Matt Furlong came alongside top shareholder Ryan Cohen’s…
(Reuters) -The California Department of Motor Vehicles on Thursday approved Mercedes-Benz’s automated driving system on designated highways under certain conditions without the active control of a driver. California is one of Tesla’s largest markets, accounting for 16% of the carmaker’s global deliveries last year, according to Reuters calculations. But the German carmaker beat Tesla to…
NEW YORK (Reuters) -Facebook owner Meta Platforms on Thursday gave employees a sneak peek at a series of AI tools it was building, including ChatGPT-like chatbots planned for Messenger and WhatsApp that could converse using different personas. Company executives speaking at an all-hands meeting also demonstrated a coming Instagram feature that could modify user photos…
By Natalie Grover LONDON (Reuters) – Novartis’ soon-to-be spun off generics division Sandoz is betting on biosimilars, copies of high-priced drugs used to treat illnesses such as rheumatoid arthritis and cancer, to fuel its future as a standalone company, executives said on Thursday. Sandoz hosted its first-ever capital markets day in New York to make…
By Trevor Hunnicutt, Andrea Shalal and Kate Holton WASHINGTON (Reuters) -U.S. President Joe Biden and British Prime Minister Rishi Sunak said Thursday their countries would partner on advanced technologies, clean energy and critical minerals as they strengthen a historical security alliance. Biden and Sunak signed the “Atlantic Declaration,” which Sunak described as a first-of-its-kind economic…
By Anna Mehler Paperny and Kyaw Soe Oo TORONTO (Reuters) – Just when it seemed safe to unmask, some Canadians are donning the face coverings made ubiquitous during the coronavirus pandemic as a protection against hazardous smoky conditions as wildfires ravage much of the country. Canada is seeing its worst-ever start to wildfire season as…
By Dietrich Knauth NEW YORK (Reuters) – The judge overseeing FTX’s U.S. bankruptcy said Thursday that he would not defer to a Bahamian court about key issues like which FTX entity should collect assets and repay customers of the bankrupt crypto exchange. Liquidators for FTX Digital Markets, the exchange’s Bahamas-based subsidiary, have asked U.S. Bankruptcy…
By Foo Yun Chee BRUSSELS (Reuters) -EU industry chief Thierry Breton will meet Meta Platforms Chief Executive Mark Zuckerberg on June 23 and demand that he act immediately to tackle content targeting children, as Meta’s voluntary child protection code seemed not to be working. Social media platforms such as Meta’s Instagram, ByteDance’s TikTok, Snap’s Snapchat…
By Karen Freifeld and Jacqueline Thomsen (Reuters) – U.S. courthouse activity in Miami suggests that federal prosecutors might bring criminal charges against former President Donald Trump in his home state of Florida rather than in Washington. Special Counsel Jack Smith has convened grand juries in both places to hear evidence in his investigation into whether…
By Humeyra Pamuk and Simon Lewis RIYADH/WASHINGTON (Reuters) – When Saudi Arabia’s Public Investment Fund (PIF) signed a deal this week to merge with North America’s top body in charge of professional golf, it signaled for some the completion of a U.S.-aided rehabilitation of Crown Prince Mohammed bin Salman, five years after the murder of…
