“Why—beyond the obvious benefit of gaining favor, directly or indirectly, with the Trump administration—did you select USD1, a newly launched, untested cryptocurrency with no track record?” the senators asked. Responding, World Liberty Financial’s lawyers claimed MGX was simply investing in…
(Bloomberg) — The top US bank regulators plan to reduce a key capital buffer by up to 1.5 percentage points for the biggest lenders after concerns that it constrained their trading in the $29 trillion Treasuries market. Most Read from…
Amazon CEO Andy Jassy told employees Tuesday that AI will shrink the company’s corporate white-collar workforce over the next few years, citing “efficiency gains” as the driving force. Amazon employees weren’t having it. Across internal Slack channels, Amazon’s white-collar workers…
New York CNN — Food giant Kraft Heinz will remove all artificial colors from its brands as synthetic food dyes face renewed scrutiny from consumers and Secretary Robert F. Kennedy Jr.’s US Department of Health and Human Services. The maker…
OpenAI said Monday the U.S. Department of Defense granted it a contract for up to $200 million to help the agency identify and build prototype systems that use its frontier models for administrative tasks and more. OpenAI provides a few…
WASHINGTON (AP) — U.S. regulators will begin offering faster reviews to new medicines that administration officials deem as promoting “the health interests of Americans,” under a new initiative announced Tuesday. Food and Drug Administration Commissioner Marty Makary said the agency…
Amazon CEO Andy Jassy says advancements in AI will “reduce” the company’s corporate headcount over the next few years. In a memo to employees on Tuesday, Jassy writes that Amazon expects the change due to “efficiency gains from using AI…
OpenAI and Microsoft may be reaching an inflection point in their relationship, according to a report from The Wall Street Journal. The report, citing anonymous sources, says OpenAI executives have considered publicly accusing Microsoft of anticompetitive behavior throughout their partnership.…
David Zaslav’s generous (and unpopular) pay package is about to change — and at least partly due to popular demand. Amid a split of Warner Bros. Discovery, which will see the company’s TV networks and streamer Discovery+ spun off into…
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty Images Stock futures were lower on Monday evening as investors continued to monitor the conflict between Israel and Iran. Futures…