By Daniel Wiessner (Reuters) – A federal judge on Friday granted the U.S. Department of Justice’s request to pause a lawsuit by Elon Musk’s SpaceX claiming the agency lacks the power to pursue claims that the space technology company refused to hire certain immigrants. U.S. Magistrate Judge Ignacio Torteya in Brownsville, Texas, made the decision…
By Dietrich Knauth NEW YORK (Reuters) -Purdue Pharma and its Sackler family owners have reached a new $7.4 billion settlement to resolve thousands of lawsuits alleging that the pain medication OxyContin caused a widespread opioid addiction crisis in the U.S., several state attorneys general said Thursday. The settlement was announced nearly seven months after the…
By Stephen Nellis and Anna Tong SAN FRANCISCO (Reuters) – – This week’s announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing firms positioned to play a bigger role in the tech sector. On Tuesday,…
By Nate Raymond (Reuters) – The U.S. Supreme Court cleared the way on Thursday for the enforcement of an anti-money laundering federal law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S. Treasury Department. The justices put on hold a nationwide injunction issued on Dec. 3 by a…
By Hyunjoo Jin and Stephen Nellis SEOUL/SAN FRANCISCO (Reuters) – Samsung Electronics on Wednesday unveiled its newest flagship smartphone, powered by Qualcomm’s chips and Google’s artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals. Samsung was faster than Apple in launching an AI-powered smartphone but failed to…
(Reuters) – E-commerce giant Amazon.com is exiting its operations in Quebec, leading to the loss of about 1,700 full-time jobs, a company spokesperson said on Wednesday. The online retailer will phase out operations across seven sites in the province — the only location in Canada with unionized Amazon employees — over the next two months….
WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Friday his inauguration will be held indoors because of severe cold and the presidential parade will be held at a nearby sports arena. “I have ordered the Inauguration Address, in addition to prayers and other speeches, to be delivered in the United States Capitol Rotunda, as…
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…
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…
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…
