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US Justice Department says Bank of America Securities resolves criminal investigation

WASHINGTON/NEW YORK (Reuters) – The U.S. Justice Department said on Thursday that Bank of America Securities resolved a criminal investigation involving two former employees, who had allegedly placed phony “spoof” trades to try to influence the U.S. Treasuries market. Spoofing involves placing orders traders intend to cancel, hoping to create a false sense of market …

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Google adds Gemini to Chrome browser after avoiding antitrust breakup

(Reuters) -Google will integrate Gemini into its Chrome browser for users in the U.S. starting Thursday, just weeks after a federal judge spared the company from a forced breakup in an antitrust case. Alphabet-owned Google won’t have to sell the browser, a judge in Washington said earlier this month, handing a rare win to Big …

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Trump’s AI plan supports antitrust enforcement, DOJ official says

By Jody Godoy NEW YORK (Reuters) -U.S. antitrust enforcers are on guard against anticompetitive behavior in the artificial intelligence sector as part of the Trump administration’s plan to cement U.S. AI dominance, a Department of Justice official said in New York on Thursday. Protecting competition in the industry supports innovation, Assistant Attorney General Gail Slater …

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Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook

By Jan Wolfe and Andrew Chung WASHINGTON (Reuters) – President Donald Trump’s administration asked the U.S. Supreme Court on Thursday to let him move ahead with firing Federal Reserve Governor Lisa Cook – a move without precedent since the central bank’s founding in 1913 – in a legal battle that imperils the Fed’s independence. The …

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Exclusive-Novo Nordisk cuts US obesity education team as layoffs begin, say sources, online posts

By Maggie Fick VIENNA (Reuters) -Wegovy maker Novo Nordisk has cut a U.S. sales team focused on obesity and diabetes education for healthcare providers, according to two sources close to the company and LinkedIn posts reviewed by Reuters, an early sign of the drugmaker’s push to cut costs and regain ground on rival Eli Lilly. …

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Goldman names Ben Snider chief US equity strategist as Kostin retires, memo says

(Reuters) – Goldman Sachs has named Ben Snider as its new chief U.S. equity strategist, succeeding veteran David Kostin, who is set to retire at the end of the year, according to an internal memo seen by Reuters on Thursday. Snider, who joined Goldman as an analyst in 2010 and became managing director in 2017, …

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Toyota to recall over 591,000 US vehicles over instrument panel issue, NHTSA says

(Reuters) – Toyota is recalling 591,377 vehicles in the U.S. due to an issue with the instrument panel display that does not show critical information, increasing the risk of a crash or injury, the country’s auto safety regulator said on Thursday. The recall covers several models including Venza, Highlander, Lexus, Tacoma and GR Corolla, the …

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AmEx upgrades Platinum cards with $3,500 annual perks, hikes fee by $200

By Niket Nishant (Reuters) -American Express unveiled long-awaited upgrades to its U.S. Platinum cards on Thursday, adding new perks worth over $3,500 annually while raising the annual fee by $200. The card refresh reflects a strategy AmEx has leaned on for years. Banking on the affluence of its customer base, the credit card giant routinely …

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Live Nation, Ticketmaster joined with ticket brokers to exploit fans, US says

By Jody Godoy WASHINGTON (Reuters) – The U.S. Federal Trade Commission and seven states accused Live Nation and its ticketing arm Ticketmaster of costing fans millions of dollars by tacitly allowing ticket brokers to scoop concert tickets and sell them to at a significant markup, the agency said on Thursday. The lawsuit deepens Ticketmaster’s legal …

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