By Patrick Wingrove (Reuters) – Shawnte struggled with her weight for years before she was prescribed Novo Nordisk’s diabetes drug Ozempic for weight loss in 2020, helping the former music industry professional from New York lose more than 50 pounds over two years. But last year, the 46-year-old, who asked to be identified only by…
By Jane Lanhee Lee San Francisco (Reuters) – MLCommons, a group that develops benchmark tests for artificial intelligence (AI) technology, on Tuesday unveiled results for a new test that determines system speeds when training algorithms used for chatbots like ChatGPT – and Nvidia came out on top. The MLPerf benchmark is based on GPT-3, an…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years amid renewed labor market optimism, while business spending appeared to hold up in May, indicating the economy remained on solid footing despite fears of a recession. Hopes that the economy could avoid a downturn in…
(Reuters) – Swedish carmaker Volvo Cars said on Tuesday it had signed an agreement with Tesla to give its electric vehicles (EVs) access to the EV maker’s Supercharger network in the United States, Canada and Mexico. The deal makes Volvo the first European automaker to adopt Tesla’s North American Charging Standard (NACS), adding to the…
By Dietrich Knauth (Reuters) – Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidiary may resolve them by filing for bankruptcy a second time. J&J…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate came in at 3.4% in May, its slowest pace in two years, data showed on Tuesday, weakening the case for another interest rate hike as soon as next month. Analysts polled by Reuters had expected annual inflation to drop to 3.4% from 4.4%…
By Dawn Chmielewski, Danielle Broadway and Sachin Ravikumar LOS ANGELES/GLASTONBURY, England (Reuters) – Call it Beyflation. Or maybe Swiftflation. The cost of certain goods is retreating in some places, but that doesn’t include live music. Concert tickets have surged in price, to the point where economists are noticing. Fans are shelling out a fortune for…
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – LVMH chairman and CEO Bernard Arnault has touched down in China, kicking off a flurry of interest on social media in a key market for his group’s sprawling luxury empire. The executive, who was expected to make a visit this month, walked through the WF Central…
By Jarrett Renshaw (Reuters) -Washington state plans to require electric vehicle charging companies to include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, an official told Reuters on Thursday. Washington follows the move by Texas to mandate Tesla’s technology, The North American Charging Standard (NACS),…
(Reuters) – More players in Canada’s grocery sector are crucial to combat soaring prices of essential goods amid persistent inflation, the country’s competition watchdog said in a report on Tuesday. The report is the result of a months-long investigation by the Competition Bureau Canada as stubbornly high grocery prices weigh on the cost of living….
