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 and Manya Saini DUBAI (Reuters) -The United Arab Emirates is expected to secure a deal giving it expanded access to advanced artificial intelligence chips from the United States, after previously facing restrictions over Washington’s concerns that China could get its hands on the technology. Such a long-coveted deal, expected to be finalised while U.S. President Donald Trump ...
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 ...
By Sneha S K (Reuters) - UnitedHealth Group (NYSE:UNH) shares plunged nearly 13% on Thursday after a Wall Street Journal report that the U.S. Department of Justice had begun a criminal investigation into the company for potential Medicare fraud. The reported probe adds to a string of recent setbacks for the healthcare conglomerate that has erased more than half, or over $300 billion, from its mark ...