By Victoria Waldersee, Nette Noestlinger and Leon Malherbe GRUENHEIDE, Germany (Reuters) -Tesla on Tuesday sought to assuage Brandenburg state residents’ concerns by holding a question-and-answer session on the EV maker’s planned expansion that would make its local plant the biggest car factory in the country. Tesla, which currently produces around 5,000 cars a week, hopes…
(Reuters) – Teladoc Health is expanding a partnership with Microsoft to use the tech giant’s artificial intelligence services to automate clinical documentation on the telehealth platform, lifting its shares 6% in premarket trade. The integration of AI including Microsoft’s services with technology from OpenAI, owner of viral chatbot ChatGPT, will help ease the burden on…
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Alani Nu, the energy drinks and snack maker founded by personal trainer and social media influencer Katy Hearn, is exploring options that include a full or partial sale of the company at a valuation of more than $3 billion, according to four people familiar with…
By David Shepardson WASHINGTON (Reuters) – Southwest Airlines said on Tuesday it will support legislation to add seven new round trip flights a day at Ronald Reagan Washington National Airport, an issue that has been fiercely contested by major U.S. airlines. American Airlines, United Airlines and Alaska Airlines have strongly opposed adding flights to airport…
NEW YORK (Reuters) – Credit Suisse increased its year-end target on the S&P 500 to 4,700 from 4,050, citing a decline in the near-term U.S. recession risk and a stronger earnings outlook for the largest technology-related companies, according to a research note on Tuesday from Jonathan Golub, chief U.S. equity strategist & head of quantitative…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate dropped more than expected to a 27-month low of 2.8% in June led by lower energy prices, data showed on Tuesday, though food and shelter cost increases persisted despite 10 interest rate hikes in less than 18 months. Analysts polled by Reuters had…
By Katie Paul NEW YORK (Reuters) -Meta is releasing a commercial version of its open-source artificial intelligence model Llama, the company said on Tuesday, giving start-ups and other businesses a powerful free-of-charge alternative to pricey proprietary models sold by OpenAI and Google. The new version of the model, called Llama 2, will be distributed by…
By Lisa Richwine LOS ANGELES (Reuters) – Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday. The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on…
(Reuters) – Warner Music Group, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues. The multi-year deal will help Warner Music’s artists and songwriters unlock new revenue and marketing opportunities from TikTok’s more than 1 billion…
(Reuters) -U.S. drugmaker Pfizer and venture firm Flagship Pioneering on Tuesday said they would invest $100 million together to develop up to 10 new potential drugs for areas including internal medicine, oncology, infectious diseases and immunology. Flagship, which has incubated biotech companies, most famously Moderna Inc , and Pfizer will each invest $50 million. Flagship’s…
