(Reuters) – Starboard Value has asked Pfizer to set up a special committee to investigate allegations that two of its former senior executives were forced to publicly declare support for CEO Albert Bourla, the hedge fund said on Thursday. Former Pfizer CEO Ian Read and ex-CFO Frank D’Amelio, who were reportedly helping the activist investor…
(Reuters) – Meta Platforms said on Wednesday its artificial intelligence chatbot, Meta AI, will be available in 21 new markets, as it looks to compete with OpenAI’s ChatGPT. Technology companies have been trying to attract consumers to their AI chatbots by introducing new features and making them more accessible with support for different languages. Meta…
By Amina Niasse NEW YORK (Reuters) -CVS Health, UnitedHealth Group and Cigna have asked U.S. Federal Trade Commission chair Lina Khan and commissioners Rebecca Kelly Slaughter and Alvaro Bedoya to disqualify themselves from an FTC lawsuit that has accused the companies of unlawfully inflating insulin prices. The three companies own the country’s largest pharmacy benefit…
(Reuters) – OpenAI has seen a number of attempts where its AI models have been used to generate fake content, including long-form articles and social media comments, aimed at influencing elections, the ChatGPT maker said in a report on Wednesday. Cybercriminals are increasingly using AI tools, including ChatGPT, to aid in their malicious activities such…
By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) -Hurricane Milton could result in losses of up $100 billion for the global insurance industry, creating a surge in 2025 reinsurance prices that could boost some insurance companies’ shares, analysts said on Wednesday. The Category 5 hurricane is expected to make landfall on the Gulf Coast…
By Nell Mackenzie LONDON (Reuters) – Gold and coffee helped to deliver trend-following hedge funds a positive result in September, a Societe Generale note showed on Tuesday, thanks to record commodities prices, rising equities and falling interest rates. Gold has surged almost 30% this year to a record high on Sept. 26. The precious metal…
By Jody Godoy and David Shepardson NEW YORK/WASHINGTON (Reuters) – TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young people. The lawsuits filed separately in New York, California, the District of Columbia and 11 other…
(Reuters) – Boeing said on Tuesday it delivered 33 jets in September, down from 40 plane deliveries in August, as a strike mid-month by around 33,000 U.S. West Coast factory workers weighs on output. Boeing’s September deliveries were up by six jets from the same month in 2023, when the U.S. planemaker handed over fewer…
By Iain Withers and Chibuike Oguh NEW YORK/LONDON (Reuters) – Global stocks fell on Thursday, weighed down by tepid trading in equity markets across the U.S. and other major regions, even as oil prices extended gains amid rising geopolitical tension from the Middle East conflict. Wall Street’s main indexes pared early gains and were trading…
By Brendan O’Boyle and Ana Isabel Martinez MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum, who took office this week as her country’s first woman leader, announced a package of reforms on Thursday aimed at bolstering women’s rights in a country with some of the world’s highest levels of gender violence. On her second full…
