(Reuters) – New York City police were still searching for the man who killed UnitedHealth executive Brian Thompson outside a Midtown Manhattan hotel early Wednesday. Here is what is known about the incident, Thompson, and the suspect: WHAT HAPPENED? HOW DID THE SUSPECT ESCAPE? At about 6:45 a.m. ET on Wednesday, Thompson was walking from…
By Howard Schneider (Reuters) – Import tariffs during President-elect Donald Trump’s first term broadly lowered stock values on the day they were unveiled, and were associated with lower future profits, sales and employment for the firms whose equity prices were hit the hardest, new analysis by Federal Reserve Bank of New York staff concluded. Firms…
By Stephen Nellis (Reuters) – French electrical equipment maker Schneider Electric is working with Nvidia to develop designs for data center cooling systems for use in new artificial intelligence data centers, it said on Wednesday. Schneider’s designs will be used in data centres that use Nvidia’s flagship server containing 72 of its most powerful AI…
By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Japan’s Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said, despite strong U.S. opposition including from President-elect Donald Trump. “We will not give up on the deal… There is…
By Niket Nishant and Bhanvi Satija (Reuters) – U.S. President-elect Donald Trump’s pro-crypto stance is prompting small businesses to allocate portions of their cash to bitcoin, challenging the dominance of traditional assets as companies look for more robust inflation hedges. Over the past month, biotech firms Enlivex Therapeutics, Acurx Pharmaceuticals and Hoth Therapeutics have set…
(Reuters) -Chip equipment maker Applied Materials said on Tuesday it was not changing its outlook for the first quarter in response to the U.S. government’s latest restrictions on semiconductor exports to China. The decision was based on the company’s “initial assessment of the impact” of the new regulations, it added. In its third crackdown in…
By Valerie Volcovici WASHINGTON (Reuters) – U.S. President Joe Biden’s administration has awarded over $100 billion in grants created by its signature climate law, the Inflation Reduction Act, a senior administration official said. The administration hopes the spending milestone will help to continue the deployment of clean energy even after President-elect Donald Trump, a climate…
(Reuters) – AI chip leader Nvidia could put its growing cash pile to use through possible mergers and acquisitions, finance chief Colette Kress said during a technology conference in Arizona on Tuesday. “We can also think about that in terms of our work, of bringing on great teams in some M&A form,” she said at…
By Greg Bensinger and Stephen Nellis LAS VEGAS (Reuters) – Amazon.com’s cloud unit on Tuesday showed new data center servers packed with its own AI chips that will challenge Nvidia, with Apple coming aboard as a customer to use them. The new servers, based on 64 of Amazon Web Services’ Trainium2 chips, will be strung…
By Amy-Jo Crowley and Mathieu Rosemain LONDON (Reuters) -French payments group Worldline has attracted early stage takeover interest from private equity firms, as it grapples with a falling share price, profit warnings and leadership change, five people with knowledge of the matter said. Bain Capital is among private equity firms that have been in the…
