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(Reuters) -Advertising firm Omnicom on Tuesday posted a 4% rise in third-quarter revenue, helped by continued growth in its media and advertising segment. The New York-based ad firm has been deploying generative AI and agentic capabilities through its Omni platform and data assets. It has tapped the technology to fuel campaigns as companies continue spending …

Omnicom posts increase in quarterly revenue on advertising strength Read More »

By Olivia Le Poidevin GENEVA (Reuters) -Leading AI assistants misrepresent news content in nearly half their responses, according to new research published on Wednesday by the European Broadcasting Union (EBU) and the BBC. The international research studied 3,000 responses to questions about the news from leading artificial intelligence assistants – software applications that use AI …

AI assistants make widespread errors about the news, new research shows Read More »

By Abigail Summerville (Reuters) -Luxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to four people familiar with the matter. The company is working with investment bank Evercore on the sale, three of the people said. All four …

Exclusive-LVMH explores sale of its 50% stake in Rihanna-backed Fenty Beauty, sources say Read More »

By Svea Herbst-Bayliss NEW YORK (Reuters) -Sachem Head Capital Management expects sports betting and gambling company Entain’s shares could double in the coming years, fueled by increased demand and better returns from a joint venture with hospitality, sports and entertainment company MGM. “Time is on your side,” Sachem Head founder Scott Ferguson said at the …

Sachem Head says Entain’s stock could double in a few years Read More »

By Dawn Chmielewski (Reuters) -The Warner Bros Discovery board on Tuesday morning rejected a Paramount Skydance offer of nearly $24 per share to buy the company, a source familiar with the matter said.  The mostly cash offer for the Warner Bros film and television studios, cable networks including CNN, and the HBO Max streaming service …

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By Shariq Khan and Robert Harvey NEW YORK (Reuters) -Glencore’s global head of naphtha trading, Oliver Bowen, is set to leave for rival Vitol, four sources told Reuters on Tuesday, making him the latest top trader to depart from the London-listed commodities trading and mining firm in recent months. Bowen will start at Vitol on …

Glencore’s global head of naphtha Oliver Bowen to join rival Vitol, sources say Read More »