By Pritam Biswas (Reuters) -Goldman Sachs will invest as much as $1 billion in T. Rowe Price Group and will also partner with the asset manager to offer private market products to retail investors, the companies said on Thursday. Shares of T. Rowe were up about 6% in morning trade. The stock gained nearly 10% …
Goldman takes $1 billion stake in T. Rowe to tap retirement money Read More »
By Jarrett Renshaw (Reuters) -U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, according to a White House official. The guests include Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft founder Bill Gates and OpenAI CEO …
Trump to host tech CEOs for first event in newly renovated Rose Garden Read More »
By Maggie Fick LONDON (Reuters) -Shares in French drugmaker Sanofi fell more than 10% on Thursday, wiping nearly $13 billion off its market value, after late-stage trial data for its experimental inflammatory disease drug amlitelimab disappointed Wall Street. The company said amlitelimab, which it is developing for atopic dermatitis, a severe form of eczema, met …
Sanofi sheds $13 billion in value on weak trial results for eczema drug Read More »
(Reuters) -The U.S. Federal Trade Commission is preparing to scrutinize the mental health risks of AI chatbots to children and will demand internal documents from major tech firms, including OpenAI, Meta Platforms and Character.AI, the Wall Street Journal reported on Thursday. The agency is preparing letters to send to the companies operating popular chatbots, the …
FTC prepares to grill AI companies over impact on children, WSJ reports Read More »
(Reuters) -Alibaba, ByteDance and other Chinese tech firms remain keen on Nvidia’s artificial intelligence chips despite regulators in Beijing strongly discouraging them from such purchases, four people with knowledge of procurement discussions said. They want reassurance that their orders of Nvidia’s H20 model, which the U.S. firm in July regained permission to sell in China, …
By Nora Eckert and Kalea Hall DETROIT (Reuters) -General Motors is cutting output at one of its main electric-vehicle factories, the latest automaker to pull back on EVs as U.S. President Donald Trump’s administration yanks federal support for green cars. GM will stop production of two electric Cadillac SUVs at its assembly plant in Spring …
Exclusive-GM cuts output, delays work at major EV factories, citing weak demand Read More »
By Hannah Lang -The U.S. Securities and Exchange Commission on Thursday unveiled its rulemaking agenda for the upcoming months, which could see broad proposals to revamp cryptocurrency regulations and reduce rules Wall Street has decried as being overly burdensome. The SEC formally outlined several of its initiatives to overhaul cryptocurrency policies, which SEC Chair Paul …
US SEC unveils agenda to revamp crypto policies, ease Wall Street rules Read More »
(Corrects headline and first paragraph to clarify that Amazon will hold the direct lending licence through Axio) By Ashwin Manikandan MUMBAI (Reuters) -Amazon said on Thursday that it has completed the acquisition of Bengaluru-based non-banking lender Axio for an undisclosed amount, securing access to a direct lending business in India. The Reserve Bank of India cleared …
Amazon completes Axio acquisition, secures access to direct lending business in India Read More »
(Reuters) -T-Mobile said on Thursday it expects to generate about $400 million more in service revenue this quarter as the U.S. wireless carrier integrates customers of the recently acquired regional rival UScellular. U.S. antitrust enforcers greenlit the $4.4 billion deal in July after closing its investigation without seeking to block the transaction announced in May …
T-Mobile expects $400 million service revenue boost in Q3 from UScellular deal Read More »
WASHINGTON (Reuters) -U.S. services sector activity picked up in August, but employment remained subdued as labor market conditions ease. The Institute for Supply Management (ISM) said on Thursday its nonmanufacturing purchasing managers index (PMI) increased to 52.0 last month from 50.1 in July. Economists polled by Reuters had forecast the services PMI rising to 51.0. …
US service sector regains speed in August; employment weak Read More »
