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(Reuters) -OpenAI CEO Sam Altman will step down as chairman of nuclear technology startup Oklo, paving the way for potential tie-up between the companies. The announcement send shares in Oklo down more than 11% in extended trading on Tuesday. Jacob DeWitte, Oklo CEO and co-founder, will take over the role of chairman, according to the …

Sam Altman to step down as Oklo chairman Read More »

By David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump’s administration would be willing to offer Argentina a credit line if an “external shock” jeopardized the country’s economic turnaround, according to a transcript of comments by Treasury Secretary Scott Bessent seen by Reuters. The comments were made in a closed-door meeting in Washington and shared …

US could offer Argentina credit line if ‘external shock’ hit, Bessent says in remarks Read More »

By Fergal Smith (Reuters) -Canada’s main stock index rose to a near three-week high on Tuesday, helped by gains for the technology and energy sectors, as some optimism took hold of a letup in the global trade war. The Toronto Stock Exchange’s S&P/TSX Composite Index ended up 297.12 points, or 1.2%, at 24,305.98, its highest …

TSX rises to near 3-week high on trade war optimism Read More »

(Reuters) -Federal Reserve Bank of Minnesota President Neel Kashkari said on Tuesday it is too soon to know how short-term borrowing costs may need to be adjusted for U.S. President Donald Trump’s tariffs and their expected impact on inflation and the economy. Kashkari’s view is widely held by his colleagues and is likely to leave …

Fed’s Kashkari says ‘too soon to judge’ interest rate path  Read More »

By Jody Godoy WASHINGTON (Reuters) -OpenAI would be interested in buying Google’s Chrome if antitrust enforcers are successful in forcing the Alphabet unit to sell the popular web browser as part of a bid to restore competition in search, an OpenAI executive testified on Tuesday at Google’s antitrust trial in Washington. ChatGPT head of product …

OpenAI would buy Google’s Chrome, exec testifies at trial Read More »

By Patrick Wingrove (Reuters) – Drugmakers have been warned that the Trump Administration is considering linking U.S. medicine prices to lower amounts paid by other developed countries, according to two company sources who called the option the pharmaceutical industry’s top concern. Both sources, who were not authorized to speak publicly, said they expected the policy …

Trump looking at cutting US drug prices to international levels, sources say Read More »

(Reuters) -Tesla short sellers are up an estimated $11.5 billion for the year-to-date and positioning is bearish going into the electric vehicle maker’s quarterly results due after market close, according to the latest report from S3 Partners. Tesla shares have tumbled 40% so far this year and analysts are expecting a weak report as January-March …

Tesla shorts up $11.5 billion for the year with positioning bearish Read More »

By Allison Lampert (Reuters) -Spirit AeroSystems’ chief engineer Sean Black will lead the supplier’s site in Wichita, Kansas, after Boeing completes its acquisition of Spirit this year, according to letters to employees on Tuesday from both companies. U.S. planemaker Boeing last year said it had reached an agreement to acquire the struggling aerostructures manufacturer, which …

Spirit AeroSystems top engineer to lead Wichita site after Boeing deal closes -letters Read More »