Tesla (NASDAQ:TSLA) shares are getting a modest boost Wednesday following reports that the company might qualify for a lower EU duty on its Chinese-made EVs. According to Politico, European Union inspectors visited the company’s Shanghai factory last week to evaluate whether cars manufactured at the facility were receiving unfair andContinue Reading
vzphotos/iStock Editorial via Getty Images Cerevel Therapeutics (NASDAQ:CERE) quickly fell 4% amid a report about the Federal Trade Commission’s review of its sale to AbbVie. The staff of the FTC’s Mergers 1 section is said to be apparently considering a recommendation to block the Cerevel (CERE) deal, according to aContinue Reading
Wachiwit Apple (NASDAQ:AAPL) has filed a petition with a Chinese court in an effort to tweak a ruling that the company won, as it says the tech giant has a “dominant position” in the app market, Bloomberg reported. Apple wants China’s highest court to remove the references from the decisionContinue Reading
Dmytro Duda/iStock via Getty Images Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) is moving on from Mineral, an agricultural artificial intelligence company incubated in the mega tech firm’s moonshot factory called X, according to a report by Bloomberg on Wednesday. Mineral developed AI-powered robots that scan farmers’ fields, providing them insights into crop yields andContinue Reading
Spencer Platt/Getty Images News Electric car-maker Rivian Automotive (NASDAQ:RIVN) denied rumors and said it had no plans to expand its partnership with Volkswagen (OTCPK:VWAGY) for vehicle production, Reuters reported. A German newspaper, Handelsblatt, earlier reported that the businesses were considering joint production of Rivian’s (RIVN) more affordable and smaller R2Continue Reading
Alexander Farnsworth Walmart (NYSE:WMT) has reportedly held talks with parties such as Humana (HUM) over a possible sale of its financially troubled healthcare centers business. According to Fortune, Walmart has been in discussions with several parties, including health insurance companies. Fortune cited Humana as one of the parties that hasContinue Reading
Justin Sullivan/Getty Images News Apple (NASDAQ:AAPL) is apparently receiving an observer role position on OpenAI’s board of directors, according to a report Tuesday afternoon by Bloomberg, which cited anonymous sources close to the situation. The position is going to Phil Schiller, a 30-year Apple veteran who currently leads the AppContinue Reading
photobyphotoboy/iStock via Getty Images Burford Capital (NYSE:BUR) rose 3.6% amid news that Sundance Resources announced a conditional settlement with the Republic of Congo before the International Court of Arbitration, according to a Jefferies analyst. The terms are confidential, though the original claim is for over $8.5 billion. Burford (BUR) hasContinue Reading
FangXiaNuo/iStock Unreleased via Getty Images JD.com (NASDAQ:JD) is reportedly interested in acquiring UK parcel delivery company Evri, and has already submitted a non-binding offer, according to sources cited by Reuters. The two companies are already engaged in a partnership which integrates JD.com’s logistics and e-commerce business in China with Evri’sContinue Reading
anyaberkut/iStock via Getty Images Meta Platform’s (NASDAQ:META) privacy policy for use of personal data to train generative artificial intelligence models was suspended by Brazilian regulators, according to a report Tuesday by Reuters. Brazil’s National Data Protection Authority has placed a hold in the country on the processing of personal dataContinue Reading
