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US agencies tracked foreigners visiting Musk’s properties in 2022 and 2023, WSJ reports

WASHINGTON (Reuters) -U.S. government agencies tracked foreign nationals’ visits to Elon Musk’s proprieties amid concerns over possible attempts to influence the tech billionaire, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. The investigation, which tracked the foreigners in 2022 and 2023, included the Department of Homeland Security and the Justice …

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Atlassian competitor Linear raises funding at $1.25-billion valuation

By Anna Tong SAN FRANCISCO (Reuters) -Enterprise software maker Linear has raised an $82 million Series C funding round valuing the startup at $1.25 billion, the company said on Tuesday. Venture capital fund Accel led the round, with participation from existing investors 01A and Sequoia, and new investors Seven Seven Six and Designer Fund. Linear, …

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US FDA approves Merck’s RSV antibody for infants

(Reuters) -The U.S. Food and Drug Administration on Monday approved Merck’s preventive antibody shot to protect infants up to one year of age from respiratory syncytial virus during their first RSV season, the company said. Merck’s monoclonal antibody, called clesrovimab and branded as Enflonsia, is the first and only preventive shot that can be administered …

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Google in Mexico faces major potential fine as antitrust ruling nears

By Cassandra Garrison MEXICO CITY (Reuters) -Mexico’s antitrust watchdog is set to rule by next week on whether Google built an illegal monopoly in digital advertising in the country, a decision that could fine the tech giant 8% of its annual Mexican revenue, public documents show. Although Google does not release detailed revenue results by …

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Fanduel to add first surcharge to customer bets in Illinois

DUBLIN (Reuters) -The United States’ largest online betting operator Fanduel will introduce a surcharge on customer bets in Illinois from September, its owner Flutter said on Tuesday, in its first such move anywhere in the world. The 50-cent transaction fee on each bet placed in Illinois is in response to the state legislature’s recent decision …

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Hyundai Motor has a rare earths stockpile that can last about a year, source says

By Heekyong Yang SEOUL (Reuters) -Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any near-term impact from global supply chain disruptions caused by China’s export curbs, said a person who attended a company investor call. China’s decision in April to restrict exports of a wide …

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US small business sentiment improves in May, but uncertainty rising

WASHINGTON (Reuters) -U.S. small-business confidence improved in May, likely because of a de-escalation in trade tensions between Washington and China, though uncertainty over the outlook mounted amid worries over the fate of President Donald Trump’s tax-cut agenda. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased three points to …

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Chinese state media calls for crackdown on ‘zero-mileage used cars’

(Changes day from Thursday to Tuesday in paragraph 1) By Eduardo Baptista BEIJING (Reuters) -The Chinese practice of selling brand new cars as heavily discounted second-hand vehicles to get rid of inventory should be ended, the official newspaper of the country’s governing Communist Party said in an article published on Tuesday. The People’s Daily, which …

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