(Reuters) -U.S. prosecutors in Virginia are probing whether Facebook-parent Meta’s social media platforms facilitated and profited from the illegal sale of drugs, the Wall Street Journal reported on Saturday, citing documents and people familiar with the matter. The prosecutors sent subpoenas last year and have been asking questions as part of a criminal grand jury…
(Reuters) -Tesla on Friday said it will increase prices for all Model Y cars in the United States by $1,000 on April 1, the automaker said on its website. “Prices will increase by $1,000 for all Model Y trims on April 1,” Tesla said on its website. The company on March 1 had also raised…
By Erwin Seba HOUSTON (Reuters) -Oil prices dipped on Friday, a day after topping $85 a barrel for the first time since November, but prices were expected to finish more than 3% higher for the week on rising demand from U.S. refiners completing planned overhauls. Brent crude oil futures slid 9 cents or 0.11% to…
(Reuters) -U.S. Steel Corp said in a regulatory filing on Friday that the acquisition by Nippon Steel is expected to close later this year. The filing with exchanges comes at a time when the Japanese firm’s $14.9-billion deal to buy the iconic 122-year-old U.S. steelmaker faces heightened scrutiny due to national security concerns. U.S. President…
By Jonathan Stempel (Reuters) -Berkshire Hathaway said Warren Buffett raised the pay of his designated successor Greg Abel to $20 million last year, as the conglomerate posted a record operating profit. The company also urged the rejection of six shareholder proposals, including that Berkshire disclose more about its plans to reduce greenhouse gases and improve…
(Reuters) -Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company’s sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models. “Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this…
(Reuters) – (This March 14 story has been corrected to say third approval for treatment, not second approval, in paragraph 1, and to say the initial approval was in February 2021, not June 2022, in paragraph 2. Both errors were there in a previous version of the story) The U.S. Food and Drug Administration on…
By Joe Skipper, Steve Gorman and Joey Roulette BOCA CHICA, Texas (Reuters) -SpaceX’s Starship rocket, designed to eventually send astronauts to the moon and beyond, completed nearly an entire test flight through space on its third try on Thursday, getting farther than ever before, but disintegrated on its return to Earth. During a webcast of…
By Medha Singh and Hannah Lang (Reuters) -MicroStrategy is planning to raise capital through convertible bonds offering to buy bitcoin for the second time in less than 10 days, as the aggressive crypto investor looks to increase its exposure to the booming cryptocurrency. The software firm said after markets closed on Wednesday that it was…
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Thursday ordered the arrest of William Cameron Morton, a hedge fund manager who allegedly helped Indian education technology startup Byju’s hide $533 million from its lenders. Byju’s Alpha, a subsidiary controlled by Byju’s lenders, filed for U.S. bankruptcy in February after the Bangalore-based…
