Reuters US Business

By David Shepardson (Reuters) -The U.S. Transportation Department said on Tuesday it is cancelling $175 million for four projects that are part of California’s high-speed rail project, following cancellation of $4 billion in federal grants for the state’s ambitious but much-delayed high-speed rail project in July. The Trump administration said Tuesday it will withdraw funding …

US cancelling another $175 million in California high-speed rail projects Read More »

By Noel Randewich (Reuters) -The S&P 500 ended higher on Tuesday, lifted by Nvidia and Eli Lilly, while U.S. President Donald Trump’s decision to fire a central bank governor deepened concerns about the Federal Reserve’s independence. Nvidia rose 1.1% ahead of its quarterly report late on Wednesday, which will show how the world’s most valuable …

S&P 500 ends higher after Trump attacks Fed; Nvidia climbs Read More »

By Jaspreet Singh (Reuters) -Meta said on Tuesday it will launch a California-focused political action committee to back state-level candidates favoring lighter regulation of technology, particularly artificial intelligence. The group, named “Mobilizing Economic Transformation Across (Meta) California,” will support candidates for state offices from either party who advocate AI innovation over stringent rules, the company …

Meta to launch California super PAC backing pro-AI candidates Read More »

By Jody Godoy (Reuters) -The parents of a teen who died by suicide after ChatGPT coached him on methods of self harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it launched the GPT-4o version of its artificial intelligence chatbot last year. Adam Raine, 16, died …

OpenAI, Altman sued over ChatGPT’s role in California teen’s suicide Read More »

By David Shepardson and Harshita Mary Varghese WASHINGTON (Reuters) -EchoStar has agreed to sell wireless spectrum licenses for $23 billion to AT&T as it faces scrutiny from government regulators and after President Donald Trump urged a deal. In June, Trump prodded satellite communications and Dish TV parent EchoStar and Federal Communications Commission Chair Brendan Carr …

EchoStar to sell wireless spectrum licenses to AT&T in $23 billion deal Read More »

(Reuters) -Kroger on Tuesday announced laying off corporate associates, as detailed in a memo, with a source familiar with the reduction stating that fewer than 1,000 employees will be impacted. The source added that staff working in stores, manufacturing facilities or distribution centers were not laid off. The company, as of February, employed over 409,000 …

Kroger is laying off fewer than 1,000 corporate associates, source says Read More »

By Blake Brittain (Reuters) -Artificial intelligence company Anthropic said in a court filing on Tuesday that it has resolved a class action lawsuit from a group of U.S. authors who argued that its AI training infringed their copyrights, marking the first settlement in a string of such major industry lawsuits. The California federal judge overseeing …

Anthropic settles class action from US authors alleging copyright infringement Read More »

(Reuters) -The U.S. Justice Department’s criminal division is digging into business practices at UnitedHealth Group’s pharmacy benefit manager, Optum Rx, Bloomberg News reported on Tuesday, citing people familiar with the matter. Under an ongoing probe into the company’s operations, the investigators are looking into its prescription management services and how it reimburses its own doctors, …

DoJ expands probe into UnitedHealth’s prescription management services, Bloomberg News reports Read More »