Grail says about 400 patients incorrectly informed they may have cancer
(Reuters) -Cancer test maker Grail Inc said on Friday that its telemedicine vendor erroneously sent letters to about 400 patients suggesting they may have developed cancer. Grail's flagship cancer detection blood test Galleri is designed to detect more than 50 types...
YouTube to stop removing content making false claims on past elections
(Reuters) - Alphabet Inc's YouTube said on Friday that the platform would stop removing content that might have spread false claims related to U.S. presidential elections in 2020 and before. The new set of updates is part of YouTube's elections misinformation policy...
Factbox-Governments race to regulate AI tools
(Reuters) - Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are...
US imposes sanctions on companies tied to Sudan forces as fighting rages
KHARTOUM/WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on companies it accused of fuelling the conflict in Sudan, stepping up pressure on the army and a rival paramilitary force to stop fighting raging in Khartoum and other regions. The U.S....
Berkshire Hathaway Isn’t Finished Buying Occidental Petroleum Stock
Warren Buffett’s Berkshire Hathaway just bought even more Occidental Petroleum (OXY) stock. With oil prices still low, the firm bought another 4.66 million OXY shares for $275 million in late May. And while Buffett says there’s no interest in owning OXY, he may not be...
Amazon’s Ring used to spy on customers, FTC says in privacy settlement
By Diane Bartz WASHINGTON (Reuters) -A former employee of Amazon.com's Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said in a court filing on Wednesday when it...
Ford CEO says EV cost parity may not come until after 2030
By Shivansh Tiwary and Paul Lienert (Reuters) - The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Ford Motor Co Chief Executive Jim Farley said on Wednesday. At...
Nvidia is Now a $1 Trillion Company… and Could Head Higher
Nvidia (NVDA) is now a trillion-dollar company. It’s now the ninth chipmaker to hit the trillion-dollar mark, and now joins the ranks of Microsoft, Alphabet, Amazon, and Apple. All thanks to the artificial intelligence boom. Helping, the company just blew the doors...
U.S. holiday air passenger travel tops 2019 pre-COVID levels
By David Shepardson WASHINGTON (Reuters) -U.S. holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of the busy U.S. summer air travel season, figures from the U.S. Transportation Security...
Investors have poured $756 billion into cash funds this year – BofA
LONDON (Reuters) - Investors have poured $756 billion into cash funds this year, Bank of America said in a note on Friday, attracted by juicy yields and driven by concerns about banks. The rush into money market funds continued in the week to Wednesday, with $23.1...
Biden sounds hopeful on debt ceiling, Treasury warns of June 5 default
By Steve Holland, Moira Warburton and Rami Ayyub WASHINGTON (Reuters) -Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government's $31.4 trillion debt ceiling after the Treasury Department warned...
Elon Musk’s Neuralink wins FDA approval for human study of brain implants
By Rachael Levy, Marisa Taylor and Akriti Sharma (Reuters) -Elon Musk's Neuralink received U.S. Food and Drug Administration (FDA) clearance for its first-in-human clinical trial, a critical milestone for the brain-implant startup as it faces U.S. probes over its...
Debt ceiling deal may shift investor focus to further Fed action
By David Randall NEW YORK (Reuters) - A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street's attention to other emerging risks, including further Federal Reserve interest rate hikes and an expected reduction in fiscal...
Cummins engine filter unit valued at $1.8 billion in strong market debut
By Jaiveer Shekhawat and Echo Wang (Reuters) -Atmus Filtration Technologies Inc, the filtration business of U.S. diesel engine maker Cummins Inc, fetched a valuation of $1.8 billion in a strong market debut on Friday. Shares of Atmus opened at $21.67, up 11% from...
Companies beef up contingency plans ahead of US debt-ceiling deadline
By Laura Matthews NEW YORK (Reuters) -Some corporate treasurers are stepping up their contingency plans to address any upcoming funding and liquidity needs to get ahead of the risk of debt default as talks in Washington drag on, finance executives and advisors said....
U.S. warns China could hack infrastructure, including pipelines, rail systems
By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered...
Semiconductor index surges with Nvidia leading race to AI ‘gold rush’
By Sinéad Carew and Stephen Nellis NEW YORK/SAN FRANCISCO (Reuters) - The Philadelphia semiconductor index hit its highest level in more than a year on Thursday and eyed its biggest one-day percentage gain in six months with artificial intelligence (AI) taking center...
Wall Street ends higher as Nvidia sparks rush for AI stocks
By Noel Randewich and Shreyashi Sanyal (Reuters) - Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker's stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S....
Microsoft chief says deep fakes are biggest AI concern
By Diane Bartz WASHINGTON (Reuters) -Microsoft President Brad Smith said Thursday that his biggest concern around artificial intelligence was deep fakes, realistic looking but false content. In a speech in Washington aimed at addressing the issue of how best to...
‘Queen of rock ‘n’ roll’ Tina Turner dies at 83
By Mike Davidson (Reuters) -Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died on Wednesday at the age of 83. She died peacefully after a long illness in...