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(Reuters) -U.S. drugmaker Pfizer on Wednesday launched a new multi-year program to reduce its expenses by about $1.5 billion by the end of 2027, adding on to a $4 billion cost cutting plan it announced last year. Investors have fled from Pfizer as pandemic worries declined and billions of dollars in COVID-19 vaccine and treatment …

Pfizer rolls out another cost-cutting program, sets $1.5 billion target by 2027 Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated by artificial intelligence (AI) in political ads on radio and TV. Rosenworcel is asking her colleagues to vote to advance a proposed rule that would require disclosure of AI content in both candidate and issue …

US FCC chair backs requiring AI disclosure in campaign TV, radio ads Read More »

(Reuters) – DuPont said on Wednesday that it would separate into three publicly traded companies, sending its shares up 5% in extended trading. DuPont said it would split its Electronics, Water, and Industrial businesses in a tax-free manner to its shareholders, with the new DuPont continuing as a diversified industrial company. New DuPont will be …

DuPont to separate into three independent companies Read More »

(Reuters) -Sam Altman-led OpenAI has signed a deal that will give it access to content from some of the biggest news publications owned by media conglomerate News Corp, the companies said on Wednesday. The deal comes weeks after the Microsoft-backed AI giant clinched an agreement to license content from the Financial Times for the development …

Sam Altman’s OpenAI signs content agreement with News Corp Read More »

(Reuters) – VF Corp posted a fourth-quarter loss and reported revenue below analysts’ estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear amid strained consumer spending. Shares of the North Face owner, which have declined 34.5% so far this year, were down nearly 8% in extended trading. …

North Face owner VF Corp misses quarterly revenue estimates, posts loss as demand sags Read More »

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve’s most recent meeting ahead of quarterly results from AI chipmaker Nvidia, due after the closing bell. Stocks struggled for direction for most of the session but weakened after the minutes showed U.S. central bank officials still …

Stocks fall after Fed minutes with Nvidia on tap Read More »

(Reuters) -The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry that has been on a steady decline over the last few years.  Here’s everything we know about AI PCs: WHAT DOES “AI PC” MEAN? Manufacturers say these devices process data more swiftly than traditional PCs and …

What are AI PCs? Read More »

By Melanie Burton PERTH (Reuters) – BHP’s bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. The bid by the world’s biggest listed miner for Anglo is expected …

BHP-Anglo prospects flag more M&A ahead for miners Read More »

By Stephen Nellis (Reuters) -Amazon.com’s cloud services unit said on Tuesday that it has not halted any orders of Nvidia’s most advanced chip on the market, but has instead decided to purchase the company’s newer state of the art chip for an upcoming supercomputer project between the companies. Earlier, the Financial Times had reported that …

Amazon says it has not halted any Nvidia chip orders Read More »