By Jonathan Stempel NEW YORK (Reuters) -Charlie Javice, the entrepreneur convicted for defrauding JPMorgan Chase into buying her college financial aid startup Frank for $175 million, should spend 12 years in prison for her crimes, U.S. prosecutors said. In a filing late Monday night in Manhattan federal court, prosecutors said Javice’s fraud reflected "her personal greed and ambition," involving ...
Investing.com - Canada’s main stock exchange was lower on Tuesday, as investors awaited key upcoming central bank interest rate decisions later this week. By 12:05 ET, the S&P/TSX 60 index standard futures contract had dipped by 7 points, or 0.4%.The S&P/TSX composite index lost 137 points or 0.47% at 29,293.23. Amid a torrid recent rally, index posted another all-time peak on ...
By Jody Godoy (Reuters) -Three parents whose children died or were hospitalized after interacting with artificial intelligence chatbots will testify before a U.S. Senate panel on Tuesday, as lawmakers grapple with potential safeguards around the technology. Matthew Raine, who sued OpenAI after his son Adam died by suicide in California after receiving detailed self-harm instructions from ChatGPT, ...
By Sneha S K (Reuters) - Eli Lilly said on Tuesday it will invest $5 billion to build a manufacturing facility in Virginia, part of the drugmaker’s broader $27 billion plan to build four facilities across the United States over the next five years. The investment marks Lilly’s latest push to boost domestic drug production and hedge against potential tariffs. Global pharmaceutical companies hav ...