Business

OpenAI has reached an agreement to acquire TBPN, a technology-focused talk show that is popular in Silicon Valley, marking an unexpected move into broadcasting after committing to abandon "side quests" and concentrate on its core business.

Unilever’s decision to merge its food business with US sauce and spice maker McCormick in a $66 billion deal has been poorly received by many shareholders. However, one of them got exactly what he wanted.

Imagine you’re working in PR for an oil company. Your job isn’t primarily to sell products to people, but rather to enhance the company’s image to maintain its social license to operate.

Coin operator Peken Global Limited is forbidden from allowing U.S. users to access its platform after a federal court approved a Commodity Futures Trading Commission consent order, bringing the exchange’s U.S. enforcement saga to a close.

Private credit investment firm Blue Owl Capital experienced a significant surge in redemption requests in the first quarter, with investors looking to withdraw approximately $5.4 billion from two of its flagship funds amid growing concerns about the asset class and the firm at its core.

Foreign central banks have reduced their holdings of Treasuries at the New York Federal Reserve to the lowest level since 2012, as countries sell US government bonds to support their economies and currencies following the Iran war.

Morgan Stanley’s E*Trade is in discussions with SpaceX to spearhead the sale of the rocket manufacturer’s shares to regular U.S. investors in its much-anticipated IPO later this year, providing it an advantage over competing brokerages Robinhood Markets and SoFi, according to two people familiar with the situation.

U.S. drugmaker Eli Lilly is set to enter into a $2 billion agreement with a Hong Kong-listed company that utilizes artificial intelligence for drug discovery, according to sources familiar with the matter. This underscores the global pharmaceutical sector’s growing dependence on medicines developed in China.

Yekaterina Chudnovsky, according to online biographies, is a mother of four who "enjoys spending time with her family and teaching them the importance of giving back and helping others." They also mention that Ukrainian-born Chudnovsky, known as Katie, finds sanctuary in walks on the beach.

A suspected insider trader on the prediction market platform Polymarket earned $2.14 million in profits by accurately betting on a US military attack on Iran. However, experts say they are not doing a very good job of covering their tracks.

A California state jury determined that Meta and YouTube were liable in a significant social media case on Wednesday, granting $3 million in compensatory damages to a plaintiff who initiated the case, with the Instagram creator’s liability set at 70% and the Google company’s at 30%.

Kenya’s floriculture sector is encountering significant financial losses as the ongoing Iran war causes disruptions in global trade routes and demand, according to industry officials. Since the conflict started, growers and exporters have reported an average weekly loss of up to $1.4 million, caused by declining orders and major disruptions in shipping logistics.

A historic oil shock and rising fuel prices are making a stronger case for electric vehicles. China’s EV manufacturers are keen to meet the demand.

Toyota is recalling 144,200 vehicles in the U.S. because rearview camera images may not display when the vehicle is placed in reverse, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration announced on Wednesday.

The Supreme Court on March 25 ruled against the music industry’s attempt to penalize internet service providers that permit users to illegally copy and share content.

Posing on a specially chartered £150,000 private jet, self-proclaimed ‘property expert’ Samuel Leeds had a message for his fellow Britons eager to escape the drone-hit Dubai.

Interloom, a startup based in Munich, is aiming to revolutionize traditional business process automation for the AI era and believes it can solve the problem of tacit knowledge. It has just secured a new $16.5 million venture capital round to support this mission.

Elon Musk has been found to have misled investors by ’deliberately driving down’ Twitter’s stock price ahead of his $44 billion acquisition deal, a jury has determined.

Jeff Bezos is in the initial stages of discussions to raise $100 billion for a new fund aimed at acquiring manufacturing companies and utilizing AI technology to hasten their journey toward automation.

Tech mogul Mark Zuckerberg is stepping away from a social media project that was once intended to be a fundamental part of Meta’s transition into the metaverse. Horizon Worlds is gradually shutting down as a social network and game space designed for users of the Quest virtual reality headset.

Uber has committed to investing up to $1.25 billion in the US electric truck manufacturer Rivian and purchasing up to 50,000 autonomous vehicles, as it gets ready to transition from human drivers to robotaxi fleets.

Investor withdrawals are disabled and TAR Global has introduced a "market volatility" exit scam. This was followed by TAR Global claiming, "our broker has frozen our funds."

Business owners cautioned about severe repercussions if New York City officials approve a $30 minimum wage increase, according to comments in the Wall Street Journal.

Microsoft is considering legal action against Amazon and OpenAI regarding a $50 billion deal that might violate its exclusive cloud partnership with the creator of ChatGPT, potentially leading to a conflict between these major tech competitors.

David Zaslav, the head of Warner Bros Discovery and one of the highest-paid executives in Hollywood, is set to earn more than $700 million from the $111 billion sale of the Hollywood studio to Paramount.