By Dawn Chmielewski (Reuters) -Walt Disney responded on Monday to billionaire Nelson Peltz and his Trian Fund’s campaign to win two board seats with an attack on the activist shareholder’s motivations and qualifications in an increasingly bare-knuckled proxy battle. In a 66-page regulatory filing late Monday, Disney said Peltz and Trian’s other designated board candidate,…
By Simon Lewis and Humeyra Pamuk WASHINGTON (Reuters) – The United States must employ “all the tools at our disposal” to outcompete China, a top U.S. State Department official said on Monday, as the Biden administration unveiled its budget request for the 2025 fiscal year. The request includes $4 billion over five years in mandatory…
By Mike Stone WASHINGTON (Reuters) – Castelion, a startup trying to build a hypersonic weapon for the Pentagon, tested its system for the first time, it told Reuters on Monday, as a growing group of small hypersonic arms makers challenge large defense contractors with less expensive, rapidly produced products. The United States and China are…
By Jonathan Stempel (Reuters) – Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart O’Nan said their works were part of a dataset of about 196,640 books that helped train NeMo…
(Reuters) -Alaska Airlines said on Saturday it is cooperating with the U.S. Department of Justice after a criminal investigation was opened into the Boeing 737 MAX blowout on its flight in January. “In an event like this, it’s normal for the DOJ to be conducting an investigation. We are fully cooperating and do not believe…
