By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – A JPMorgan Chase executive told thousands of employees he wanted “more hustle” days after the bank’s CEO Jamie Dimon scorned staff pushback against its five-day return-to-office policy. The memo illustrates the tension between JPMorgan’s emphasis on in-office culture and employees who cite its strong performance…
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump’s administration said on Friday it would move ahead with expanded sales of the product in certain Midwestern states. The U.S. Environmental Protection…
(Reuters) – AI startup Anthropic is looking to raise $3.5 billion in its latest funding round which would value the startup behind the chatbot Claude at $61.5 billion, the Wall Street Journal reported on Monday. Investors in the latest round include venture firms Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners, WSJ said. Abu…
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address the EU antitrust regulator’s concerns and those of its rivals, three people with direct knowledge of the matter…
By Aditya Soni and Stephen Nellis (Reuters) – Apple is scrapping its most advanced security encryption feature for cloud data in Britain, the company said on Friday, an unprecedented response to government demands for access to user data. The change affects a feature called Advanced Data Protection (ADP), which extends end-to-end encryption across a wide…
LONDON (Reuters) – Mastercard’s agreement to settle a landmark lawsuit brought on behalf of British consumers was approved by a London tribunal on Friday, despite opposition from the firm that funded the litigation. The global payments processor said the Competition Appeal Tribunal had approved an agreement it announced in December to settle the long-running litigation…
(Reuters) – Uber’s CEO Dara Khosrowshahi said on Friday that both he and the ride-hailing firm are supportive of U.S. President Donald Trump’s initiative to eliminate taxes on tips received by its drivers. “I think the President has said he believes in no taxes on tips generally. We think it’s a terrific idea and we…
By Jack Queen and Daniel Wiessner (Reuters) – The Trump administration can for now continue its mass firings of federal employees, a federal judge ruled on Thursday, rejecting a bid by a group of labor unions to halt President Donald Trump’s dramatic downsizing of the roughly 2.3 million-strong federal workforce. The ruling by U.S. District…
By Sriparna Roy (Reuters) – Eli Lilly is betting big on its experimental oral weight-loss drug even before reporting data from its late-stage trial by recording nearly $550 million in “pre-launch inventory” in its financial statements, a filing showed on Wednesday. The move is unusual as it comes more than a year before the drug,…
By Sarah Morland MEXICO CITY (Reuters) – The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years. Speaking at President Claudia Sheinbaum’s morning press conference in Mexico City, Netflix CEO Ted Sarandos said he looked…
