AI Chatbots Have Been Used to Create Dozens of News Content Farms
A new report documents 49 new websites populated by AI tools like ChatGPT and posing as news outlets
Bloomberg Business
Dimon Defies Big-Bank Critics, Winning FDIC Auction to Keep Expanding
JPMorgan Chase & Co.’s purchase of First Republic Bank puts a new twist on “too big to fail” — with the largest US lender using its mighty balance sheet to beat competitors and spare regulators an even uglier hit from the latest regional bank collapse.
Trump Is Denied Mistrial Over ‘Unfair’ Rulings in E. Jean Carroll Case
Donald Trump was denied a mistrial in the civil sexual assault case against him, after he made the request over what he called “unfair and prejudicial” rulings giving his accuser an advantage in front of the jury.
FAA Revises US East Coast Flight Routes to Trim Travel Times
US aviation regulators are rerouting how jets traverse the East Coast in an attempt to shave thousands of miles off trips annually.
MGM Resorts Acquires Gaming Company in Latest Online Expansion
MGM Resorts International acquired a majority stake in Push Gaming Holding Ltd., a maker of online and mobile slot machine games, in the latest sign of its shift into the digital arena.
Apollo, BlackRock Backed PNC’s Failed Bid for First Republic
Apollo Global Management Inc. and BlackRock Inc. were lined up to back PNC Financial Services Group Inc.’s ultimately unsuccessful pursuit of troubled First Republic Bank, according to people with knowledge of the matter.
Astellas to Buy Eye-Drug Maker Iveric Bio for $5.9 Billion
Japanese drugmaker Astellas Pharma Inc. agreed to acquire Iveric Bio Inc., a developer of drugs to treat age-related blindness, for about $5.9 billion.
Durbin Promises to Move Ahead With Supreme Court Ethics Legislation Despite Pushback
Senate Judiciary Chair Dick Durbin vowed to press ahead with legislation to impose an ethics code for the US Supreme Court despite the justices’ rebuff of formal conduct standards.
Blackstone’s Real Estate Trust Limits Withdrawals for Sixth Straight Month
Blackstone Inc.’s $70 billion real estate trust for wealthy individuals limited redemptions for a sixth straight month.
US Factory Activity Contracts for a Sixth Month, ISM Data Show
US factory activity contracted for a sixth-straight month in April, the longest such stretch since 2009 and a sign of lingering malaise in manufacturing.
