Reuters
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Lilly partners with Nvidia on AI supercomputer to speed up drug development
Oct 28 (Reuters) - Eli Lilly LLY.N said on Tuesday it was collaborating with Nvidia NVDA.O to build a supercomputer to help with drug discovery and shorten development cycles, getting medicines to people faster.Using the supercomputer, scientists at Lilly will be able to train AI models on millions
Wed, Oct 29
Microsoft, OpenAI reach deal removing fundraising constraints for ChatGPT maker
Oct 28 (Reuters) - Microsoft MSFT.O and OpenAI announced a restructuring deal on Tuesday that frees the ChatGPT maker to move away from its nonprofit roots and likely go public so it can finance CEO Sam Altman's ambitious plans to develop data centers and cutting-edge technology.
Wed, Oct 29
US revokes approval for 13 routes by Mexican airlines, citing competition issues
WASHINGTON, Oct 28 (Reuters) - The U.S. on Tuesday said it has revoked approval for 13 routes by Mexican carriers into the United States and canceled all combined passenger and cargo flights by Mexican airlines to the United States from Mexico City's Felipe Angeles Int...
Wed, Oct 29
Nvidia will build AI supercomputers for US Energy Department, wants to get back into China
WASHINGTON, Oct 28 (Reuters) - Nvidia NVDA.O CEO Jensen Huang came to Washington on Tuesday with a message for the Trump administration: the U.S. can win the AI battle if the world, including China's massive developer base, runs on Nvidia systems.
Wed, Oct 29
US soybeans set 15-month high on US-China trade deal hopes
CHICAGO, Oct 28 (Reuters) - Chicago soybean futures reached their highest in 15 months on Tuesday, briefly topping $11 a bushel on optimism that the U.S. could reach a trade deal with China as leaders from both countries are expected to meet in South Korea on Thursday.
Wed, Oct 29
OpenAI sued for trademark infringement over Sora's 'Cameo' feature
Oct 28 (Reuters) - The maker of celebrity video platform Cameo sued OpenAI in a California federal court on Tuesday, arguing that the new "Cameo" feature of OpenAI's Sora video generation app violates its trademark rights.Cameo said in the complaint that OpenAI's...
Wed, Oct 29
US, Japan leaders sign rare earths, nuclear power deal ahead of Trump-Xi meeting
China expands curbs on rare earthsRare earths, critical minerals are key electronic componentsEssential for items from cars to fighter jets Japanese companies could be involved in cooperation with U.S. on new-generation nuclear power, factsheet shows Japan's new PM Takaichi favors nuclear power ...
Tue, Oct 28
US Treasury's Bessent calls for 'sound' monetary policy in Japan
Bessent calls on BOJ to anchor inflation expectationsSays Japan's economy different from when Abenomics deployedRemarks echo Bessent's past calls for higher BOJ ratesJapan's Katayama says Bessent wasn't prodding BOJ to hike ratesMarkets expect BOJ to keep rates steady this weekBy Lei...
Tue, Oct 28
Japan's Nikkei slips from record high on profit taking, stronger yen
TOKYO, Oct 28 (Reuters) - Japan's Nikkei share average slipped from a record high on Tuesday, as investors locked in profits after a fast-paced rally, with a stronger yen weighing on sentiment. The Nikkei .N225 fell 0.58% to end at 50,219.18, after falling as much as 0.8% duri...
Tue, Oct 28
Chicago soybeans hit 15-month high on US-China trade deal hopes
Chicago soybean futures touched a more than 15-month high on Tuesday, driven by optimism that the U.S. could reach a trade deal with China as leaders from both the countries are expected to meet in South Korea on Thursday.
Tue, Oct 28
Surplus capacity limits impact of sanctions on oil prices, IEA says
Sanctions on oil-exporting countries could push up crude prices but the effect will be limited because of surplus capacity, the International Energy Agency Executive Director Fatih Birol said on Tuesday.
Tue, Oct 28
Japan, US eye investments involving Mitsubishi Heavy, source says
Japan and the United States are preparing a fact sheet on potential investment projects in the U.S., involving Japanese firms such as Mitsubishi Heavy Industries 7011.T, a senior Japanese government official said.
Tue, Oct 28
Germany, UK lead 10.7% rise in September European car sales, ACEA says
New car sales in Europe rose 10.7% in September, driven by growth in almost all markets led by Germany and the UK, European Automobile Manufacturers' Association data showed on Tuesday.
Tue, Oct 28
Citi to tie up with Coinbase to boost digital payments for institutional clients
Citigroup C.N and cryptocurrency exchange Coinbase COIN.O plan to collaborate on digital asset payment solutions for the U.S. bank's institutional clients, to expand the offering to global clients in the future.
Tue, Oct 28
JGB yields fall on expectations Japan would not exceed defence spending beyond target
Japanese government bond (JGB) yields edged down on Tuesday, on expectations that Japan would not propose boosting its defence budget beyond its target to the United States.
Tue, Oct 28
China's foreign minister speaks with Rubio ahead of Trump-Xi meeting
BEIJING, Oct 27 (Reuters) - China hopes the United States can meet it halfway to "prepare for high-level interactions" between the two countries, foreign minister Wang Yi told U.S. Secretary of State Marco Rubio in a phone call on Monday, China's foreign ministry said.
Tue, Oct 28
Oil settles lower as OPEC plans to increase oil output
HOUSTON, Oct 27 (Reuters) - Oil prices settled marginally lower on Monday as OPEC's plans to increase oil output once again outweighed hopes of a trade deal framework between the U.S. and China and renewed U.S. sanctions on Russia.
Tue, Oct 28
Qualcomm announces new AI chips in data center push, shares surge
Oct 27 (Reuters) - Qualcomm QCOM.O on Monday unveiled two artificial intelligence chips for data centers that will be available next year, diversifying beyond a stagnant smartphones market and sending its shares up 20%.The share gain following the news underscores strong ent...
Tue, Oct 28
AMD rises as US Energy Department signs $1 billion deal
Advanced Micro Devices AMD.O shares rise 0.6% to $254.17
Tue, Oct 28
Amazon targets as many as 30,000 corporate job cuts, sources say
SAN FRANCISCO, Oct 27 (Reuters) - Amazon AMZN.O is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
Tue, Oct 28
