(Reuters) – Robinhood Markets’ Chief Legal Officer Dan Gallagher, a former commissioner of the Securities and Exchange Commission who was reportedly the frontrunner to become its chair under Donald Trump, told CNBC on Friday he was not interested in the role. “I’ve made it clear to the relevant people that I’m not interested in being…
By Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp, which is facing a California lawsuit over its alleged role in global plastic waste pollution, will expand plastics recycling that allows it to replace fossil fuels with discarded bottles and bags, the company said on Thursday. The move by one of the world’s largest polymer producers…
By Michelle Conlin NEW YORK (Reuters) – Nick Pickles, the former head of global affairs at Elon Musk’s social media platform X, is joining forces with one of Musk’s rivals, his fellow OpenAI co-founder Sam Altman. Pickles, who resigned from X in September, told Reuters on Wednesday that he will serve as chief policy officer…
(Reuters) -Snowflake’s shares surged more than 28% on Thursday after the data analytics provider raised its annual product revenue forecast, signaling growing demand for cloud-based data storage and analytics. The company, whose shares have fallen 35% this year, is on track for its best day since going public in 2020. Its value is set to…
(Reuters) – Citron Research has taken a short position in MicroStrategy, the company said in a post on social media platform X on Thursday. Shares of the largest corporate holder of bitcoin were last down more than 8%. They opened sharply higher on a rally in bitcoin prices, which were nearing $100,000 after crypto-friendly Donald…
By Jack Queen (Reuters) – Donald Trump’s lawyers told a judge that the Republican’s conviction for illegally covering up hush money payments to a porn star should be dismissed because he won the U.S. presidential election and sentencing would threaten government stability. In a letter filed on Tuesday and made public Wednesday, the Republican president-elect’s…
(Reuters) – Elon Musk’s government efficiency panel said in a Wall Street Journal opinion story on Wednesday that they will apply recent Supreme Court rulings that can be used to take power away from federal agencies to reduce rules the panel finds unnecessary, costly and inefficient. Musk, the billionaire CEO of Tesla and SpaceX, and…
By Timothy Gardner WASHINGTON (Reuters) – The U.S. Department of Energy said on Wednesday it has awarded up to $2.2 billion to centers on the Gulf Coast and in the Midwest to develop hydrogen, an emerging source of energy that is expensive to produce using renewable power. WHY IT’S IMPORTANT Hydrogen backers, including the administration…
WASHINGTON (Reuters) – China’s defense minister declined a meeting with U.S. Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said on Wednesday was unfortunate. Multilateral gatherings of national security officials in Asia have been used in the past for meetings between U.S. and Chinese defense leaders,…
BRUSSELS (Reuters) – EU antitrust regulators will make a decision on U.S. chipmaker Nvidia’s proposed acquisition of Israeli AI startup Run:ai by Dec. 20, according to a European Commission filing. The EU antitrust watchdog warned last month that the deal threatens competition in the markets where the companies operate and ordered Nvidia to seek its…
