By Anton Bridge TOKYO (Reuters) – Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday. “Because of the size of our platform, we’re…
By Tom Hals WILMINGTON, Delaware (Reuters) – The legal team that voided Elon Musk’s record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers on Friday. Tesla said the legal team for…
By Julie Steenhuysen (Reuters) -The Centers for Disease Control and Prevention (CDC) said on Friday that the state of Colorado has reported three presumptive cases of H5 bird flu virus infection in poultry workers. “There are no signs of unexpected increases in flu activity otherwise in Colorado, or in other states affected by H5 bird…
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic drinks should carry a label warning consumers about their cancer risks, U.S. Surgeon General Vivek Murthy said in an advisory, noting that their consumption increases the risk of developing breast,…
By David Shepardson WASHINGTON (Reuters) -The chair and top Democrat on the House select committee on China will announce Tuesday they are launching a bipartisan working group to reduce China’s dominance of critical mineral supply chains. Representative John Moolenaar, the committee chair, and Raja Krishnamoorthi, the top Democrat, said the new working group will help…
(Reuters) – Nikola said it has delivered a hydrogen fuel cell powered electric semi-truck to Walmart Canada, making it the first major retailer in the country to add it to its fleet. Reuters reported in April Tesla Semi trucks were in short supply for customers, including Walmart and Pepsi, and the companies were turning to…
(Reuters) – Anglo American was pressed by key shareholders including BlackRock to extend talks with BHP Group over its proposed 38.6 billion pound ($49.18 billion) mining merger, the Financial Times reported on Saturday. BHP, the world’s biggest listed mining group, now has until May 29 to make a firm bid for Anglo American or it…
By Granth Vanaik and Siddharth Cavale (Reuters) – Keith Gill, the meme stock trader “Roaring Kitty,” thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products retailer on Monday. What is Chewy and why has it attracted Gill’s interest? WHAT’S THE BUSINESS? Chewy is an $11 billion…
(Reuters) – The Biden administration is urging big technology companies to ramp up efforts to curb antisemitic content on their platforms, Bloomberg News reported on Tuesday. Representatives from companies including Alphabet, Meta, Microsoft, TikTok and X met on Thursday with U.S. special envoy Deborah Lipstadt to monitor and combat antisemitism. Lipstadt requested that each company…
By Howard Schneider WASHINGTON (Reuters) – Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of…
