NEW YORK (Reuters) – The Biden administration is expected to release by next week a climate model for clean fuel tax credits that will not include climate-smart agricultural practices, three sources familiar with the matter told Reuters. The exclusion of the practices would make it harder for ethanol producers to access clean fuel energy credits…
(Reuters) – Entrepreneur and former Los Angeles Dodgers owner Frank McCourt’s Project Liberty and its consortium of partners in The People’s Bid said on Thursday they proposed to make a formal bid to ByteDance to buy TikTok’s U.S. assets. The move comes ahead of a Jan. 19 deadline by which ByteDance has to sell the…
WASHINGTON (Reuters) – Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot. “I think if we try for 2 trillion, we’ve got a good shot at getting…
By Ross Kerber (Reuters) – BlackRock, the world’s biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers initiative, Wall Street’s latest environmental step-back amid antitrust concerns raised by Republican politicians. BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed to cutting emissions to net…
By Blake Brittain (Reuters) – Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi Coates, comedian Sarah Silverman and other authors suing Meta for copyright infringement made the accusations in filings made…
By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Private equity firm Warburg Pincus is weighing options, including a sale, for Modernizing Medicine (ModMed) that could value the medical software provider at more than $5 billion, including debt, according to people familiar with the matter. Boca Raton, Florida-based ModMed is working with a financial…
ATHENS (Reuters) – Wall Street bank JP Morgan has filed two lawsuits over its investment in fintech Viva Wallet, the latest twist in a legal dispute between the two sides over how to value the Greek business. A source with knowledge of the matter told Reuters that JP Morgan filed a lawsuit in Greece on…
By Jonathan Stempel (Reuters) – Google failed to persuade a federal judge to dismiss a privacy class action claiming it collected personal data from people’s cellphones after they switched off a button to stop the tracking, paving the way for a possible August trial. Chief Judge Richard Seeborg of the federal court in San Francisco…
WASHINGTON (Reuters) – The U.S. is expected to announce $500 million in military aid for Ukraine on Thursday at a final gathering of President Joe Biden’s weapons pledging conferences, meetings Kyiv says have been critical to its defense against Russia. The Ukraine Defense Contact Group (UDCG), comprised of about 50 allies who usually meet every…
By Karen Freifeld (Reuters) – A technology industry group on Tuesday urged President Joe Biden’s administration to refrain from issuing a last-minute rule that would control global access to AI chips, warning the restrictions would jeopardize U.S. leadership in artificial intelligence. The Information Technology Industry Council, representing companies like Amazon, Microsoft and Meta, said the…
