OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia
By Krystal Hu (Reuters) -OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company…
Lilly to invest $4.5 billion on new facility to scale-up pipeline drug production
(Reuters) -U.S. drugmaker Eli Lilly said on Wednesday it will invest $4.5 billion to create a new center in Indiana…
Biden says he does not support attack on Iran’s nuclear sites
By Trevor Hunnicutt and Jasper Ward WASHINGTON (Reuters) – U.S. President Joe Biden said on Wednesday that he does not…
Bristol Myers beats $6.4 billion lawsuit over delayed cancer drug
(Reuters) – Bristol Myers Squibb won the dismissal on Monday of a $6.4 billion lawsuit claiming it cheated former Celgene…
Fed’s Powell says rates will ‘over time’ reach neutral level, not on preset course
By Howard Schneider NASHVILLE, Tennessee (Reuters) – The U.S. economy seems poised for a continued slowdown in inflation that will…
Tesla’s quarterly deliveries set to rise as China incentives lure wary EV buyers
By Akash Sriram and Abhirup Roy (Reuters) – Tesla is expected to report an 8% jump in third-quarter deliveries of…
AT&T sells stake in DirecTV to TPG for $7.6 billion
(Reuters) -AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity…
Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say
By Milana Vinn and David French (Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a…
India to probe fire at Tata plant making components for Apple iPhones
By Haripriya Suresh and Praveen Paramasivam BENGALURU (Reuters) – Indian authorities are set to begin a forensic investigation into the…
Assets in actively managed ETFs top $1 trillion worldwide
By Suzanne McGee (Reuters) – Assets in actively managed exchange-traded funds (ETFs) worldwide hit a record $1 trillion at the…