By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s mapping app Waze needs to do more to tackle illegal online content on its platform after hitting a key user number under EU tech rules, while three adult content sites will likely face less stringent requirements after their user numbers fell below the threshold. Under the Digital…
By Idrees Ali and Joseph Ax WASHINGTON (Reuters) – President Donald Trump and his adviser Elon Musk’s unprecedented and frantic effort to slash the federal workforce, pushing tens of thousands of workers out of their roles, is starting to draw more significant backlash, even in strongly Republican areas. At a town hall in his conservative…
(Reuters) – Nvidia-backed Together AI said on Thursday it has raised $305 million in its latest funding round, which more than doubled the artificial-intelligence startup’s valuation from last year. The round, led by venture capital firm General Catalyst, valued the San Francisco, California-based company at $3.3 billion. Salesforce Ventures, chip giant Nvidia and Coatue also…
ROME (Reuters) – Italy’s Leonardo has identified a new industrial partner for its aerostructures unit which has been hit by the problems of U.S. planemaker Boeing, the state-controlled group’s CEO said on Thursday. Leonardo has been attempting for several years to return its aerostructures business to profit. CEO Roberto Cingolani said in November it was…
By Abigail Summerville NEW YORK (Reuters) – Private equity firms Apollo Global Management and Sycamore Partners are among the bidders who are competing to acquire Family Dollar, a discount retail brand operated by Dollar Tree, according to people familiar with the matter. Investment firm Brigade Capital Management has also expressed interest in buying Family Dollar,…
By Sriparna Roy (Reuters) – Eli Lilly is betting big on its experimental oral weight-loss drug even before reporting data from its late-stage trial by recording nearly $550 million in “pre-launch inventory” in its financial statements, a filing showed on Wednesday. The move is unusual as it comes more than a year before the drug,…
By David Shepardson WASHINGTON (Reuters) -Personnel from Elon Musk’s government downsizing team DOGE will make additional visits to Federal Aviation Administration facilities as they assist in efforts to modernize U.S. national airspace, the acting head of the agency said on Wednesday. Acting FAA Administrator Chris Rocheleau said the DOGE team — which visited the Air…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -President Donald Trump’s initial policy proposals raised concern at the Federal Reserve about higher inflation, with firms telling the U.S. central bank they generally expected to raise prices to pass through the cost of import tariffs, policymakers said at a meeting held about a week after Trump’s…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S.-listed exchange-traded funds focused on China have drawn bullish options flows as the emergence of artificial intelligence startup DeepSeek brightens the outlook for Chinese tech shares, and tariff-related news seemed less threatening than before. Traders have been loading up in recent weeks on bullish options on the…
(Reuters) – Amazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday. Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls. “After careful consideration, we…
