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Apollo pledges daily pricing for private credit as assets top $1 trillion
Credit will have daily prices by end-September, CEO saysFirst quarter adjusted net income rises 8%, beats forecastsInflows reach $115 billion in first-quarterAsset-backed finance portfolio books loss linked to UK's MFSBy Isla Binnie and Prakhar Srivastava NEW YORK, May 6 (Reuters) - Apollo Gl...Reuters
Wed, May 6
ANALYSIS-SpaceX IPO gives Musk sweeping power and curbs shareholder rights
Filing reveals strict limits on shareholder rights, including forced arbitration and supervoting sharesMusk's control enabled by Texas incorporation, bypassing many standard governance protections for investorsSome investors and experts warn of risks, but strong demand may override governance co...Reuters
Wed, May 6
QUOTES-'The most fearless journalist': reactions to the death of CNN founder Ted Turner
May 6 (Reuters) - Ted Turner, the billionaire founder of TV news network CNN, has died at 87, CNN reported on Wednesday.Below are some reactions to the news.DONALD TRUMP"Ted Turner, one of the Greats of All Time, just died," the U.S. president posted on Truth Social. "He founded CNN, sol...Reuters
Wed, May 6
CORRECTED-Global debt hits record of near $353 trillion, with signs of move away from US
Global debt hits new record, IIF report showsInvestors shows signs of shift away from TreasuriesGlobal debt-to-GDP ratio stable around 305%By Karin StroheckerLONDON, May 6 (Reuters) - Investors are showing signs of diversifying away from U.S. Treasuries as global debt levels hit a record of nearly $...Reuters
Wed, May 6
SpaceX to give Anthropic access to its massive AI supercomputer
May 6 (Reuters) - Elon Musk's SpaceX said on Wednesday it has signed a deal to give Anthropic access to Colossus 1, a massive AI supercomputer, bringing together two of the most prominent players in the artificial intelligence race.Anthropic plans to use the additional computing power to boost c...Reuters
Wed, May 6
Sanofi Asks To Pull Diabetes Drug Out Of FDA Voucher Program After Political Appointee Interfered With Review - Stat News
May 6 (Reuters) - SANOFI ASKS TO PULL DIABETES DRUG OUT OF FDA VOUCHER PROGRAM AFTER POLITICAL APPOINTEE INTERFERED WITH REVIEW - STAT NEWSSource text: https://tinyurl.com/3473pfthReuters
Wed, May 6
DISH to pay $17.3 million to resolve US probe into fraud claims
WASHINGTON, May 6 (Reuters) - DISH Wireless agreed to pay $17.3 million to resolve a U.S. government investigation it signed up ineligible consumers to take part in a COVID-era program that provided subsidized broadband services to millions of Americans.DISH, a subsidiary of EchoStar SATS.O, provide...Reuters
Wed, May 6
US FAA head to face questions from lawmakers after agency cited in fatal air collision
WASHINGTON, May 6 (Reuters) - The head of the Federal Aviation Administration will face questions on Capitol Hill on May 19 after a report found systemic failures by the agency led to a devastating mid-air collision that killed 67 people last year.The January 2025 collision between an American Airli...Reuters
Wed, May 6
CORRECTED-ANALYSIS-SpaceX IPO gives Musk sweeping power and curbs shareholder rights
Filing reveals strict limits on shareholder rights, including forced arbitration and supervoting sharesMusk's control enabled by Texas incorporation, bypassing many standard governance protections for investorsSome investors and experts warn of risks, but strong demand may override governance co...Reuters
Wed, May 6
SpaceXAI to give Anthropic access to its massive AI supercomputer
May 6 (Reuters) - Elon Musk's SpaceXAI said on Wedesday it has signed a deal to give Anthropic access to Colossus 1, a massive AI supercomputer, in a deal that brings together two of the most prominent players in the artificial intelligence race.Reuters
Wed, May 6
Anthropic Announces Partnership With SpaceX To Increase Compute Capacity
May 6 (Reuters) - Anthropic:ANTHROPIC: AGREED TO A PARTNERSHIP WITH SPACEX THAT WILL SUBSTANTIALLY INCREASE OUR COMPUTE CAPACITYANTHROPIC: ALSO EXPRESSED INTEREST IN PARTNERING WITH SPACEX TO DEVELOP MULTIPLE GIGAWATTS OF ORBITAL AI COMPUTE CAPACITYANTHROPIC: DOUBLING CLAUDE CODE’S FIVE-HOUR RATE LI...Reuters
Wed, May 6
Chinese carmaker Geely buys Ford assembly facilities in Spain, local media reports
May 6 (Reuters) - Chinese automaker Geely 0175.HK has purchased part of a Ford F.N factory in Spain and plans to build one of its models there, Spanish trade publication La Tribuna de Automocion reported, citing unnamed sector sources.Geely, China's second-largest automaker after BYD, is in the ...Reuters
Wed, May 6
xAI Says SpaceXAI has signed agreement with Anthropic to provide access to Colossus 1
May 6 (Reuters) - XAI: NEW COMPUTE PARTNERSHIP WITH ANTHROPICXAI: SPACEXAI HAS SIGNED AN AGREEMENT WITH ANTHROPIC TO PROVIDE ACCESS TO COLOSSUS 1XAI: AS PART OF THIS AGREEMENT, ANTHROPIC ALSO EXPRESSED INTEREST IN PARTNERING TO DEVELOP MULTIPLE GIGAWATTS OF ORBITAL AI COMPUTE CAPACITY.Source text: h...Reuters
Wed, May 6
Anthropic unveils 'dreaming' feature to help its AI agents self-improve
Claude AI's 'dreaming' debuts as research preview at San Francisco developer conferenceAnthropic's recent launches have pressured SaaS stocks amid disruption concernsGoogle and Amazon back Anthropic as it targets business customers with new AI tools SAN FRANCISCO, May 6 (Reuters) ...Reuters
Wed, May 6
UBS needs to broaden its U.S. business, CEO Ermotti says
ST. GALLEN, Switzerland, May 6 (Reuters) - UBS CEO Sergio Ermotti on Wednesday said the Swiss bank needs to broaden its business in the United States as he pledged to prepare for any scenario that could emerge from a parliamentary debate on proposed tougher capital rules for the lender.Speaking in t...Reuters
Wed, May 6
US Treasury weighs investing cash in repo market
By Gertrude Chavez-DreyfussNEW YORK, May 6 (Reuters) - The Treasury Borrowing Advisory Committee (TBAC) discussed on Tuesday a proposal for the U.S. Treasury to invest in the overnight repurchase or repo market, a potentially significant shift in cash management policy, according to minutes of that ...Reuters
Wed, May 6
Italy's Leonardo outgoing CEO leaves new boss to revise guidance after strong results
New management will have to decide on any revisionCore earnings up 33% yearly in first three months of yearNewly acquired IDV to be fully consolidated from April 1 ROME, May 6 (Reuters) - Italian aerospace and defence group Leonardo LDOF.MI left its 2026 guidance unchanged on Wednesday, despite a...Reuters
Wed, May 6
France moves aircraft carrier to Red Sea with eye on Hormuz mission
France suggests Iran, US compromise on Hormuz to enable serious talksFrance, Britain working on Hormuz missionStrait of Hormuz seen as vital Iranian leverage in US talksBy John Irish and Elizabeth Pineau PARIS, May 6 (Reuters) - France on Wednesday deployed its carrier strike group to the Red...Reuters
Wed, May 6
Top Vatican cardinal calls Trump's attacks on Pope Leo 'strange'
By Joshua McElwee ROME, May 6 (Reuters) - A senior Vatican cardinal on Wednesday called U.S. President Donald Trump 's disparaging attacks on Pope Leo over the Iran war "strange," a day before the U.S. Secretary of State is due to hold talks with the pope. ...Reuters
Wed, May 6
Trump signs new counter-terrorism strategy that focuses on hemispheric threats
WASHINGTON, May 6 (Reuters) - President Donald Trump has signed a new national counter-terrorism strategy that focuses in part on the "neutralization" of hemispheric threats and incapacitating cartel operations, top White House adviser Sebastian Gorka said on Wednesday.Gorka, the White House...Reuters
Wed, May 6
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