(Reuters) – Entrepreneur and former Los Angeles Dodgers owner Frank McCourt’s Project Liberty and its consortium of partners in The People’s Bid said on Thursday they proposed to make a formal bid to ByteDance to buy TikTok’s U.S. assets. The move comes ahead of a Jan. 19 deadline by which ByteDance has to sell the…
WASHINGTON (Reuters) – Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot. “I think if we try for 2 trillion, we’ve got a good shot at getting…
By Ross Kerber (Reuters) – BlackRock, the world’s biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers initiative, Wall Street’s latest environmental step-back amid antitrust concerns raised by Republican politicians. BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed to cutting emissions to net…
By Blake Brittain (Reuters) – Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi Coates, comedian Sarah Silverman and other authors suing Meta for copyright infringement made the accusations in filings made…
