Exclusive-Trump team asks three US senior career diplomats to resign, sources say

By Humeyra Pamuk, Simon Lewis and Gram Slattery WASHINGTON (Reuters) – Aides to President-elect Donald Trump have asked three senior career diplomats who oversee the U.S. State Department’s workforce and internal coordination to step down from their roles, two U.S. officials familiar with the matter said, in a possible signal of deeper changes ahead for…

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Beacon Roofing rejects QXO’s $11 billion takeover offer

By Anshuman Tripathy (Reuters) -Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal “significantly undervalues” the roofing material supplier. Earlier on Wednesday, QXO CEO and billionaire Brad Jacobs made public its $124.25 per share offer for Virginia-based Beacon and…

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Trump USDOT nominee says Tesla safety probe will continue

By David Shepardson WASHINGTON (Reuters) – President-elect Donald Trump’s nominee to head the Transportation Department said he would allow an ongoing government probe into Tesla’s advanced driver assistance system to continue. The National Highway Traffic Safety Administration in October opened an investigation into 2.4 million Tesla vehicles equipped with Full Self-Driving (FSD) software after four…

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Musk, Bezos and Zuckerberg to attend Trump’s inauguration

By Jarrett Renshaw WASHINGTON (Reuters) -Tech CEOs Elon Musk, Jeff Bezos and Mark Zuckerberg will attend U.S. President-elect Donald Trump’s inauguration on Monday, according to a source familiar with planning for the event. The chief executives of Tesla, Amazon and Meta will be featured prominently at Trump’s swearing in, sitting with the Republican’s Cabinet nominees…

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OpenAI rolls out assistant-like feature ‘Tasks’ to take on Alexa, Siri

(Reuters) – Generative artificial intelligence bellwether OpenAI said on Tuesday that it is introducing a beta feature called Tasks to ChatGPT, signaling the company’s foray into the virtual assistant space, competing with Apple’s Siri and Amazon’s Alexa. Tasks will enable ChatGPT users to request tasks to be performed at a future time, including one-time reminders…

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Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’

LONDON (Reuters) – Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the tech giants to remove resellers of new Apple products from Amazon’s website, a tribunal ruled on Tuesday. The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers…

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U.S. posts record $711 billion deficit for first three months of fiscal 2025

WASHINGTON (Reuters) – The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three months of the 2025 fiscal year, the U.S. Treasury Department said on Tuesday. The Treasury, releasing its final budget report…

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Pfizer going ‘all in’ on obesity drug development, CEO Bourla says

(Reuters) -U.S. drugmaker Pfizer is going “all in” to develop its experimental obesity drug and has been recruiting more experts in that area, Chief Executive Officer Albert Bourla said at the JPMorgan Healthcare Conference on Monday. Bourla said the experts were helping Pfizer “make better and more sound decisions,” and the company could start a…

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Biden forgives student loans for 150,000 borrowers, bringing total to 5 million

By Kanishka Singh WASHINGTON (Reuters) -President Joe Biden said on Monday his administration would cancel student loans for more than 150,000 borrowers, targeting those who attended schools that defrauded students, those with permanent disabilities and public service workers. Biden said the total number of Americans who have had their student debt canceled by his administration…

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