PARIS (Reuters) -France’s finance minister criticised on Thursday a decision by French drugmaker Sanofi (NASDAQ:SNY) to invest at least $20 billion in the United States through to 2030, as France aims to get more companies investing in the country rather than abroad. "It’s clear it was not something that was nice to see and it was an unpleasant announcement," finance minister Eric Lombard to ...
By Jody Godoy (Reuters) -The U.S. Federal Trade Commission is looking to trim its headcount by around 10%, its chairman told Congress on Thursday, insisting the agency will be able to continue antitrust and consumer protection work with what would be its smallest staff in 10 years. The FTC is in the midst of an "unprecedented time," pursuing antimonopoly cases against companies including Meta Plat ...
By Federico Maccioni, Manya Saini and Yousef Saba DUBAI (Reuters) -The United Arab Emirates and United States have signed an AI agreement that sources had said would give the Gulf country expanded access to advanced artificial intelligence chips from the U.S. after previously facing restrictions over Washington’s concerns that China could get its hands on the technology. Such a long-coveted deal ...
By Jaspreet Singh (Reuters) -CoreWeave reversed course to gain around 3% on Thursday after the AI cloud firm announced an expanded deal with OpenAI of up to $4 billion, lifting investor sentiment that had taken a hit from the company’s hefty capital spending plans. OpenAI has committed to pay the Nvidia-backed data center operator through April 2029, CoreWeave said in a regulatory filing. CoreW ...