By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk’s record compensation, telling a Delaware judge that it “significantly impacts” her…
Category: Business
Google loses bid to end US antitrust case over digital advertising
By Jody Godoy (Reuters) – Alphabet’s Google must face trial on U.S. antitrust enforcers’ claim that the internet search juggernaut illegally dominates the online advertising technology market, a federal judge ruled on…
OpenAI CEO says company could become benefit corporation- The Information
(Reuters) -OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that OpenAI’s nonprofit board doesn’t control, The Information reported on Friday….
Target’s renewed private-label push fails to stem market share drop
By Siddharth Cavale NEW YORK (Reuters) – “Target is my backup option,” said Chloe Guss, a shopper at the retail chain for nearly 20 years whose reservations about some of its products…
Employer coverage for weight-loss drugs rises sharply, survey finds
By Amina Niasse NEW YORK (Reuters) – About one-third of U.S. employer health plans are offering coverage of GLP-1 drugs for both diabetes management and weight loss, up from last year, according…
Broadcom soars as demand for AI chips power forecast raise
By Arsheeya Bajwa (Reuters) – Broadcom surged more than 13% on Thursday as its upbeat annual forecast highlighted an insatiable demand for chips used in powering AI-focused technology, while its announcement of…
Factbox-Tesla shareholder meeting: How investors are voting on Musk’s $56-billion pay package
(Reuters) – Investors will vote on Tesla CEO Elon Musk’s $56-billion compensation package and the company’s reincorporation in Texas, from Delaware, at a consequential shareholder meeting this week. Analysts have flagged risk…
Citron Research closes GameStop short position
By Pranav Kashyap and Medha Singh (Reuters) – Citron Research no longer has a short position in retail traders’ favorite GameStop, the short seller said on X.com on Wednesday, days after taking…
Apple overtakes Microsoft to return as world’s most valuable company
(Reuters) -Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology….
Paramount special committee meets to vote on Skydance deal, Bloomberg News reports
(Reuters) -A special committee of the board of Paramount Global is meeting on Tuesday to vote on whether to accept a proposal to merge with David Ellison’s Skydance Media, Bloomberg News reported,…