By Sheila Dang and Krystal Hu (Reuters) – U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team, said he has received verbal funding commitments…
NEW YORK (Reuters) – FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the Women’s World Cup in the United States, world soccer’s governing body said on Friday. FIFA said the Women’s World Cup will be the first competition to be acquired in full by Netflix and U.S.-based fans…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of…
By David Shepardson WASHINGTON (Reuters) – The head of the Transportation Security Administration on Thursday warned that an extended partial U.S. government shutdown could lead to longer wait times at airports. TSA, which handles airport security screening, said about 59,000 of its 62,000 employees are considered essential and would continue working without pay in the…
By Tom Hals WILMINGTON, Delaware (Reuters) – Internal Qualcomm documents showed the chip firm estimated it could eventually save as much as $1.4 billion a year on payments to Arm by purchasing a little-known startup in 2021, according to evidence shown at a trial on Wednesday. The projection surfaced while Qualcomm CEO Cristiano Amon was…
(This Dec. 17 story has been corrected to say that the EU regulator reversed its July decision in November to recommend approval for Biogen’s drug, Leqembi, in paragraph 8) (Reuters) – China’s medical regulator has approved Eli Lilly’s treatment for early Alzheimer’s, providing patients with another option after Eisai and Biogen’s Leqembi received approval in…
(Reuters) -The U.S. Department of Commerce has recently asked Nvidia to look into how the company’s products ended up in China over the past year, the Information reported on Thursday, citing a person close to the department. The chip giant has asked big distributors such as Super Micro Computer and Dell Technologies to conduct spot…
By Patricia Zengerle WASHINGTON (Reuters) – President Joe Biden’s administration will provide U.S. lawmakers an assessment by Jan. 17 on the credibility of assurances by the United Arab Emirates that it is not providing – and will not provide – weapons to the paramilitary Rapid Support Forces (RSF) in Sudan, according to a letter seen…
By Daniel Wiessner (Reuters) -Amazon.com will implement safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settled a series of complaints by the Occupational Safety and Health Administration involving 10…
SINGAPORE (Reuters) -Shares of Kioxia rose 3% in their market debut on Wednesday, valuing the Bain-backed chipmaker at 807 billion yen ($5.25 billion). Kioxia, a major manufacturer of memory chips, raised 120 billion yen after pricing its IPO in the middle of the indicative range at 1,455 yen per share. On Wednesday, it rose as…
