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EXCLUSIVE-Musk's xAI is on track to raise $5 billion in fresh debt, following modest demand
By Matt Tracy, Echo Wang and Davide Barbuscia NEW YORK, June 17 (Reuters) - Elon Musk's xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter.The $5 billion debt sale, which includes a floatin...Reuters
Tue, Jun 17
Small business seeks early Supreme Court review of Trump’s tariffs
Two courts have ruled against Trump's tariffsTariffs remain in place while Trump administration appealsSmall business says US Supreme Court should speed appealsBy Dietrich Knauth June 17 (Reuters) - A small business on Tuesday asked the U.S. Supreme Court to decide the legality of President D...Reuters
Tue, Jun 17
EXCLUSIVE-Musk's xAI is on track to raise $5 billion in fresh debt, following modest demand
By Matt Tracy, Echo Wang and Davide BarbusciaNEW YORK, June 17 (Reuters) - Elon Musk's xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter.The $5 billion debt sale, which includes a floating-ra...Reuters
Tue, Jun 17
All new Facebook videos to be classified as Reels soon, Meta says
June 17 (Reuters) - All new videos uploaded on Facebook will soon be classified as Reels, simplifying how users publish visual content, social media giant Meta Platforms META.O said on Tuesday.The Instagram parent said Reels on Facebook will no longer have length or format restrictions, and include ...Reuters
Tue, Jun 17
State Dept confirms death of US citizen in Ukraine, condemns strikes
By Humeyra PamukWASHINGTON, June 17 (Reuters) - The United States condemns an attack overnight on Kyiv, State Department spokesperson Tammy Bruce said on Tuesday, confirming the death of a U.S. citizen in Ukraine."We are aware of last night's attack on Kyiv, which resulted in numerous casual...Reuters
Tue, Jun 17
Germany's Merz optimistic after G7 summit that US will decide Russia sanctions soon
KANANASKIS, Canada, June 17 (Reuters) - German Chancellor Friedrich Merz said he was returning home after the Group of Seven (G7) summit in Canada with cautious optimism that the United States would decide in the coming days to impose further sanctions on Russia. "The European Union already h...Reuters
Tue, Jun 17
Soccer-Mbappe doubtful for Real Madrid’s Club World Cup opener against Al-Hilal
By Fernando KallasJune 17 (Reuters) - Real Madrid’s Kylian Mbappe is a doubt for their opening Club World Cup match against Saudi Arabian side Al-Hilal on Wednesday, after missing training on Tuesday due to illness.Club sources told Reuters that Mbappe woke up with a high fever. While he has not bee...Reuters
Tue, Jun 17
Fearing chaos, Macron opposed to using military force against Iran for regime change
KANANASKIS, Alberta, June 17 (Reuters) - French President Emmanuel Macron said on Tuesday he was against military action against Iran that could lead to regime change and potential chaos, calling for a ceasefire with a return to negotiations over its nuclear programme.Speaking to reporters, Macron s...Reuters
Tue, Jun 17
US oil majors dive into Brazil's Foz do Amazonas basin
Auction faces backlash from Indigenous and environmental activistsBrazil's Mines and Energy Minister calls exploration a "winning ticket" to reduce povertyLicensing hurdles remain despite auction successBy Fabio Teixeira, Marta Nogueira, Rodrigo Viga Gaier RIO DE JANEIRO, June 17 (Reu...Reuters
Tue, Jun 17
UAE warns of 'uncalculated, reckless steps' amid Israel-Iran air war
June 17 (Reuters) - The foreign minister of the United Arab Emirates, Sheikh Abdullah bin Zayed, has warned of "uncalculated and reckless steps" that could spill out beyond the borders of Iran and Israel, according to a statement by the foreign ministry on Tuesday. UAE President Sheikh Moham...Reuters
Tue, Jun 17
State Dept confirms the death of a US citizen in Ukraine
WASHINGTON, June 17 (Reuters) - The United States condemns an attack overnight on Kyiv, State Department spokesperson Tammy Bruce said on Tuesday, confirming the death of a U.S. citizen in Ukraine."We are aware of last night's attack on Kyiv, which resulted in numerous casualties, including ...Reuters
Tue, Jun 17
Mark Cuban's Cost Plus partners with telehealth firm to offer employers obesity care drugs
June 17 (Reuters) - Telehealth firm 9amHealth has partnered with billionaire entrepreneur Mark Cuban's Cost Plus Drug Company to offer U.S. employers cheaper obesity treatment options, the companies said on Tuesday. Cost Plus Drugs supplies generic drugs by contracting directly with manufactu...Reuters
Tue, Jun 17
Trump contradicts his spy chief on Iran's nuclear program
By Jonathan Landay WASHINGTON, June 17 (Reuters) - U.S. President Donald Trump on Tuesday repudiated Director of National Intelligence Tulsi Gabbard's assessment that Iran has not been building a nuclear weapon, publicly contradicting his spy chief for the first time during his second term.In...Reuters
Tue, Jun 17
NYC mayoral candidate Brad Lander arrested at immigration court
WASHINGTON, June 17 (Reuters) - New York City Comptroller and mayoral candidate Brad Lander was arrested at an immigration court on Tuesday, the latest U.S. politician to be swept up in President Donald Trump's immigration raids. Lander, who is among 11 Democratic candidates seeking to replace c...Reuters
Tue, Jun 17
US State Dept has established Middle East task force amid Israel-Iran war
WASHINGTON, June 17 (Reuters) - The U.S. State Department has established a Middle East task force to help coordinate support for U.S. citizens, diplomatic missions and personnel amid the conflict between Israel and Iran, State Department spokesperson Tammy Bruce said on Tuesday.Bruce, speaking to r...Reuters
Tue, Jun 17
Unitrend Entertainment Group Now Expects IPO Price To Be $4.00 To $5.00 Per Share
June 18 (Reuters) - Unitrend Entertainment Group Ltd INHI.O:UNITREND ENTERTAINMENT GROUP LTD - IPO PRICE EXPECTED TO BE $4.00 TO $5.00 PER SHARE - SEC FILINGUNITREND ENTERTAINMENT GROUP: REMOVES AMERICAN TRUST INVESTMENT SERVICES & REVERE SECURITIES AS UNDERWRITERS TO IPO - SEC FILINGUNITREND EN...Reuters
Tue, Jun 17
Liberty Mutual appoints Bhatnagar as president, major accounts, GRS in North America
By Isha MaratheJune 17 - (The Insurer) - Liberty Mutual Insurance has appointed Neal Bhatnagar as president, major accounts, of global risk solutions in North America, replacing Mike Fallon, who will retire in January 2026 and remain as a senior advisor to the GRS North America leadership team.Bhat...Reuters
Tue, Jun 17
BREAKINGVIEWS-Dizzying IPO pops benefit from small class size
By Stephen Gandel NEW YORK, June 17 (Reuters Breakingviews) - A recent triple-C run of public-market debuts has won an A grade from investors. Alliterative initial public offerings from CoreWeave CRWV.O, Circle Internet Group CRCL.N and Chime Financial CHYM.O all led to stunning share-price gains...Reuters
Tue, Jun 17
