By Bansari Mayur Kamdar (Reuters) – Investors piled into exchange-traded funds tracking defense companies since October in anticipation of increased military budgets in the U.S. and Europe due to rising incidents of geopolitical conflicts. The Invesco Aerospace & Defense ETF has seen net inflows of more than $100 million so far this month, according to…
By Tom Hals (Reuters) – A Missouri jury ordered Bayer to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries including cancer, a verdict that could intensify investor pressure on the German drugs and agricultural chemicals company to change its legal strategy. The Cole County, Missouri jury found on Friday…
(Reuters) -Blackstone is in the lead to win the $17 billion portfolio of commercial-property loans from the U.S. Federal Deposit Insurance Corp’s (FDIC) sale of Signature Bank debt, Bloomberg News reported on Sunday. In September, the FDIC was seeking buyers for the $33 billion commercial real estate loan portfolio of failed New York lender Signature…
(This Nov. 18 story has been refiled to correct the spelling of ‘Khosla’ in paragraph 6) By Anna Tong, Krystal Hu and Jeffrey Dastin (Reuters) – Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence…
(Reuters) -Meta Platforms is dispersing the members of its Responsible AI team among other groups in the company where they will continue to work on preventing harms associated with artificial intelligence, the company said on Saturday. A spokesperson for Meta, which owns Facebook, said in an emailed statement the company intends to bring the staff…
WASHINGTON (Reuters) – Former White House Chief of Staff Mark Meadows filed notice on Tuesday seeking to move a case brought against him by the district attorney in Georgia’s Fulton County to federal court, according to a court document. Meadows, who served in the Trump administration, was among those charged with former U.S. President Donald…
By Christoph Steitz and Ron Bousso BERLIN/LONDON (Reuters) – BP is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks…
(Reuters) – Apple said it plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices. The company had been resisting the Rich Communication Services (RCS) standard for more than a year, with Alphabet’s Google and others pushing for the iPhone maker to adopt the…
By Karen Freifeld (Reuters) -Semiconductor equipment maker Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China’s top chipmaker SMIC, according to three people familiar with the matter. The largest U.S. semiconductor equipment maker is being probed by the Justice Department for sending equipment to SMIC via South Korea without export…
(Reuters) – IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party. The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community…
