News
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Blackstone To Invest More Than $25 Bln In Pennsylvania’s Digital And Energy Infrastructure
July 15 (Reuters) - Blackstone Inc BX.N:BLACKSTONE TO INVEST MORE THAN $25 BILLION IN PENNSYLVANIA’S DIGITAL AND ENERGY INFRASTRUCTURE, PLUS CATALYZE AN ADDITIONAL $60 BILLION INVESTMENTBLACKSTONE: OVER 6,000 JOBS WILL BE CREATED OR SUPPORTED ANNUALLY OVER AN ESTIMATED 10-YEAR CONSTRUCTION TIMELINEB...Reuters
Tue, Jul 15
US senator seeks safety reforms after fatal collision between Army helicopter, regional jet
WASHINGTON, July 15 (Reuters) - U.S. Senate Commerce Committee Chair Ted Cruz said on Tuesday he will propose broad air safety legislation after a collision between an Army helicopter and an American Airlines AAL.O regional jet in January near Reagan Washington National Airport that killed 67 people...Reuters
Tue, Jul 15
California court system to decide on AI rule
By Karen Sloan July 15 (Reuters) - State courts in California would be required to adopt policies on the use of artificial intelligence unless they ban AI outright, under a proposed new judicial rule.The Judicial Council of California — the policy making body for the state’s court system — on Fri...Reuters
Tue, Jul 15
Malware and cloud outages remain top accumated loss scenarios for insurers
By Ashish TiwariJuly 15 - (The Insurer) - A widespread malware outbreak and prolonged cloud outages remain the most critical systemic threats to insurers owing to the potential for accumulated portfolio losses, a joint survey by Munich Re and CyberCube has found.The report, published on Tuesday, und...Reuters
Tue, Jul 15
GM outlines $4 billion plan to expand production of gas trucks and SUVs
DETROIT, July 15 (Reuters) - General Motors GM.N said on Tuesday it is expanding production of its gas-powered SUVs and trucks, and will move its Cadillac Escalade to a Michigan assembly plant, while adding new capacity for Chevrolet Silverado and GMC Sierra light duty pickups at the same facility.T...Reuters
Tue, Jul 15
UK government eyes to speed up and refine ILS regime
By Rebecca DelaneyJuly 15 - (The Insurer) - The UK government launched a consultation on its Risk Transformation Regulations on Tuesday, while the financial regulator also confirmed new authorisation targets for certain ILS arrangements under the accelerated insurance special purpose vehicle (ISPV) ...Reuters
Tue, Jul 15
US Treasury announces $11.8 million settlement with Interactive Brokers
July 15 (Reuters) - The U.S. Treasury Department's Office of Foreign Assets Control said on Tuesday a $11.8 million settlement had been reached with Interactive Brokers IBKR.O over the company's possible violations of several sanctions programs. The potential violations arose from Interactiv...Reuters
Tue, Jul 15
US ambassador asks Israel to investigate murder of American in West Bank
July 15 (Reuters) - U.S. Ambassador to Israel Mike Huckabee said on Tuesday he has asked Israel to "aggressively" investigate the murder of an American citizen who was beaten to death in the West Bank."There must be accountability for this criminal and terrorist act. Saif was just 20 yrs...Reuters
Tue, Jul 15
Goldman Sachs finances $270 million affordable housing project in New York
NEW YORK, July 15 (Reuters) - Goldman Sachs GS.N will finance a $270 million affordable housing project to build 385 apartments in the East New York neighborhood of Brooklyn, New York Governor Kathy Hochul's office said.The city's housing crunch and rising rents have become a key focus of De...Reuters
Tue, Jul 15
Trump DOJ says agencies' layoff plans are off limits in legal challenge
By Daniel Wiessner July 15 (Reuters) - President Donald Trump's administration has told a federal judge that it cannot be ordered to disclose federal agencies' reorganization and mass layoff plans as part of a lawsuit seeking to block them from being implemented. U.S. Department of Justic...Reuters
Tue, Jul 15
US tariffs on Brazil could hit Embraer revenue like COVID-19, says CEO
SAO PAULO, July 15 (Reuters) - The 50% tariff that U.S. President Donald Trump plans to impose on Brazilian exports starting in August could have an impact on the revenues of planemaker Embraer EMBR3.SA similar to that of the COVID pandemic, its CEO said on Tuesday.Chief Executive Francisco Gomes Ne...Reuters
Tue, Jul 15
BREAKINGVIEWS-Big banks shake off Jamie Dimon’s glum outlook
By Stephen Gandel NEW YORK, July 15 (Reuters Breakingviews) - Jamie Dimon might be the gloomiest of the country’s top financiers. The JPMorgan JPM.N CEO has warned that resurgent inflation could force higher interest rates; that assets are overvalued; and that credit is a “bad risk.” Wall Street ...Reuters
Tue, Jul 15
Mira Murati's AI startup Thinking Machines valued at $12 billion in early-stage funding
July 15 (Reuters) - Thinking Machines Lab, the artificial intelligence startup founded by former OpenAI executive Mira Murati, said on Tuesday it has raised about $2 billion at a valuation of $12 billion in a funding round led by venture capital firm Andreessen Horowitz. The fundraise also saw parti...Reuters
Tue, Jul 15
Former Amazon executive to be new chief of Bezos Earth Fund
July 15 (Reuters) - Former Amazon AMZN.O executive Tom Taylor will now lead the $10 billion Bezos Earth Fund, taking over from Andrew Steer, who stepped down as the CEO in February.Taylor, who was the senior vice president for Alexa, will be the chief executive and president of the Earth Fund, which...Reuters
Tue, Jul 15
NATO chief says Brazil, China and India could be slammed by sanctions
By Patricia Zengerle and David BrunnstromWASHINGTON, July 15 (Reuters) - NATO Secretary General Mark Rutte warned on Wednesday that countries such as Brazil, China and India could be hit very hard by secondary sanctions if they continued to do business with Russia. Rutte made the comment while meet...Reuters
Tue, Jul 15
Trump says he will meet UK's Starmer in Scotland to refine trade deal
WASHINGTON, July 15 (Reuters) - President Donald Trump said on Tuesday that he is set to meet British Prime Minister Keir Starmer during his trip to Scotland and refine the trade deal agreed upon by the two leaders."We are going to have a meeting with him, probably in Aberdeen. And we're go...Reuters
Tue, Jul 15
Roblox launches IP licensing platform, partners with Netflix, Lionsgate
July 15 (Reuters) - Roblox RBLX.N launched a licensing feature on its videogame platform on Tuesday, allowing intellectual property holders to integrate their characters and worlds into its games.It has signed licensing partnerships with companies such as Netflix NFLX.O, which would allow developers...Reuters
Tue, Jul 15
