(Reuters) – Social media platform X’s lawsuit against media watchdog group Media Matters will head to trial on April 7, 2025, a U.S. District judge ordered on Thursday. X, which is owned by billionaire Elon Musk, sued Media Matters in November, accusing the group of defamation after it published a report that said ads had…
(Reuters) – Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil. ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger. CONTEXT Conoco said…
(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a hearing focusing on U.S. prices for weight loss drugs Ozempic and Wegovy. A U.S. Senate health panel vote that was scheduled for its June 18 meeting, to decide whether…
(Reuters) – Ford Motor is considering offering gas-powered vehicles and hybrids beyond 2030 in Europe, a change from its initial plan for an all-electric lineup in the region, the Detroit automaker said on Thursday. The company had in 2021 outlined plans for an all electric lineup for Europe by the end of the decade. “As…
(Reuters) – Apple will deliver some of its upcoming artificial intelligence features this year through data centers powered by its own in-house chips, Bloomberg News reported on Thursday, as the iPhone maker looks to integrate generative AI in its products. The company is putting its chips in cloud-computing servers capable of processing advanced AI tasks…
LONDON (Reuters) – A “disorderly evolution” of the situation in Slovakia following an attempted assassination of Prime Minister Robert Fico could raise the political risk level for the country’s credit rating, Moody’s said on Wednesday. Fico was in a life-threatening condition having been shot in the central Slovak town of Handlova. Moody’s, which rates Slovakia…
By Kanchana Chakravarty and Arsheeya Bajwa (Reuters) -Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm. The company could lose more than $48 billion in market value if losses hold, as it…
(Reuters) -Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models. The upbeat outlook suggests that Zoom’s efforts to incorporate artificial intelligence (AI) into its offerings and broaden its range of services have been successful, capitalizing on the rise…
(Reuters) – The Federal Reserve is far less likely to start cutting interest rates as soon as September, traders bet on Friday, after a U.S. government report showed employers created many more jobs and paid higher wages last month than expected. Nonfarm payrolls rose 272,000 in May, compared with the 185,000 expected, and average hourly…
(Reuters) – Dell Technologies shares tumbled about 14% in premarket trading on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit. Dell is on track to lose more than $17 billion in market value, if premarket losses hold. The stock has more than doubled this year. Companies, including…
