By Nandita Bose and David Shepardson WASHINGTON (Reuters) -The White House will host CEOs of top artificial intelligence companies, including Alphabet Inc’s Google and Microsoft, on Thursday to discuss risks and safeguards as the technology catches the attention of governments and lawmakers globally. Generative artificial intelligence has become a buzzword this year, with apps such…
By Natalie Grover LONDON (Reuters) – Buoyed by the success of its diabetes and obesity drugs, Novo Nordisk is on the prowl for partnerships and deals to beef up its pipeline, a senior company executive said on Thursday. John McDonald, corporate vice president of global R&D business development, said the Danish drugmaker aims to shed…
(Reuters) – U.S. Senator Elizabeth Warren has written to Michael Roffler, the former chief executive of failed First Republic Bank asking for more information on his and other executives’ pay, the Wall Street Journal reported on Thursday. Warren posed a dozen questions to the former CEO, focused on Roffler’s awareness of problems at the bank…
LONDON (Reuters) – The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation. The 25-basis-point increase to the ECB’s three policy rates was the smallest since it started lifting them last summer and the central bank…
(Reuters) – Enbridge Inc, Canada’s largest transporter of crude oil, said on Thursday it has reached a 7-1/2 year toll agreement with shippers for its Mainline system. The agreement, which still requires approval from the Canadian regulator, covers tolls charged for service on both the U.S. and Canadian portions of Enbridge’s Mainline, which moves more…
(Reuters) -Canadian lender Toronto-Dominion Bank Group has called off its deal to acquire First Horizon Corp for $13.4 billion on Thursday, sending the U.S. bank’s shares down 44.5% in premarket trading. The deal, which was first announced in February last year, has faced months of regulatory uncertainty and recently came under pressure from TD’s investors…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday posted first-quarter net profit of $9.65 billion, topping analysts’ forecasts, as strong earnings from fuel trading and higher liquefied natural gas (LNG) sales offset cooling energy prices. The stronger-than-expected profits followed a string of forecast-beating results from rivals including BP and Exxon Mobil…
PARIS (Reuters) -France’s anti-trust watchdog on Thursday gave Facebook-owner META two months to change its access rules for ad verification partners, saying the company was potentially taking unfair advantage of a dominant market position in online advertising. In a statement, the competition authority said META must publish new access criteria for partners seeking to use…
By Ron Bousso, Shadia Nasralla and Nerijus Adomaitis LONDON/OSLO (Reuters) – Energy giants Shell and Equinor reported higher-than-expected first-quarter profits on Thursday, using the heft of their trading desks to offset lower oil and gas prices. The stronger-than-expected profits from the two companies follow forecast beating results from rivals Exxon Mobil, Chevron and BP over…
(Refiles to fix story formatting) By Matteo Allievi and Victor Goury-Laffont (Reuters) – French IT consulting group Capgemini on Thursday reported weaker revenue growth in the first quarter of 2023, compared with the year-ago period, citing a tense economic environment with clients adopting a “wait-and-watch stance”. Still, the company’s quarterly revenue reached 5.73 billion euros…
