News
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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
Musk's xAI in talks for $4.3 billion equity funding, Bloomberg News reports
June 17 (Reuters) - Elon Musk's artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, citing information shared with investors.Between its founding in 2023 and the launch...Reuters
Tue, Jun 17
Soccer-Fluminense begin Club World Cup with goalless draw against Dortmund
EAST RUTHERFORD, N.J., June 17 (Reuters) - Fluminense held Borussia Dortmund to a 0-0 draw in their Group F Club World Cup opener in New Jersey on Tuesday, as the Brazilian side were left to rue missed chances at MetLife Stadium. Fluminense were firmly in control against the Bundesliga side in the f...Reuters
Tue, Jun 17
Next G7 leaders summit to take place at Evian in French Alps - Macron
KANANASKIS, Alberta, June 17 (Reuters) - France will host the next G7 summit at the Alpine spa resort town of Evian-les-Bains in 2026, French President Emmanuel Macron said on Tuesday. Bordering Switzerland on the shores of Lake Geneva, Evian,already hosted the G7 in 2003.It was also the first t...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 the pace of appealsBy Dietrich Knauth June 17 (Reuters) - A small business on Tuesday asked the U.S. Supreme Court to decide the legality of...Reuters
Tue, Jun 17
Sinovac Biotech Ltd Decides To Declare Second Special Cash Dividend Of $19.00 Per Common Share
June 17 (Reuters) - Sinovac Biotech Ltd SVA.O:SINOVAC BIOTECH LTD - INTENDS TO DECLARE THIRD SPECIAL CASH DIVIDEND BETWEEN US$20.00 - US$50.00 PER COMMON SHARESINOVAC BIOTECH LTD - DECIDES TO DECLARE SECOND SPECIAL CASH DIVIDEND OF US$19.00 PER COMMON SHARESINOVAC BIOTECH LTD - ADOPTS NEW DIVIDEND P...Reuters
Tue, Jun 17
Forecaster says US House version of Trump bill to cost $2.8 trillion despite economic gains
WASHINGTON, June 17 (Reuters) - The nonpartisan U.S. Congressional Budget Office projected on Tuesday that President Donald Trump's sweeping tax-cut and spending bill would lead to a $2.8 trillion deficit increase over a decade, despite an increase in economic output. The budget watchdog issued...Reuters
Tue, Jun 17
Amazon's corporate workforce may shrink as AI takes over routine tasks
June 17 (Reuters) - Rollout of generative AI and agents will reduce Amazon's AMZN.O total corporate workforce in the next few years, Andy Jassy, CEO of the online retailer said in a note to employees on Tuesday.Artificial intelligence is reshaping the global workforce by automating routine and r...Reuters
Tue, Jun 17
Soccer-Fluminense begin Club World Cup with goalless draw against Dortmund
EAST RUTHERFORD, N.J., June 17 (Reuters) - Fluminense held Borussia Dortmund to a 0-0 draw in their Group F Club World Cup opener in New Jersey on Tuesday, as the Brazilian side were left to rue missed chances at MetLife Stadium. Fluminense were firmly in control against the Bundesliga side in the f...Reuters
Tue, Jun 17
CORRECTED-Adobe brings AI-image generation app to phones, adds partners
By Stephen Nellis SAN FRANCISCO, June 17 (Reuters) - Adobe Inc. ADBE.O released its first dedicated artificial intelligence smartphone app on Tuesday that includes AI models from the company and partner firms, in a bid to tap into a growing trend of sharing AI images and videos over social media....Reuters
Tue, Jun 17
Streaming surpasses broadcast and cable TV viewing in US for first time
Streaming captures 44.8% of TV usage, Nielsen reportsYouTube leads streaming services with 12.5% of TV viewing shareBroadcast accounts for 20% of viewership, cable for 24%LOS ANGELES, June 17 (Reuters) - Streaming services, which have been steadily gaining in popularity, have finally dethroned broad...Reuters
Tue, Jun 17
Apple wins appeal to overturn $300 mln US patent verdict
By Blake Brittain June 17 (Reuters) - Apple AAPL.O has convinced a U.S. appeals court to throw out a $300 million verdict by a jury that found it infringed wireless standard-essential patents owned by IP management company Optis Wireless Technology.The U.S. Court of Appeals for the Federal Circui...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.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
ABA defends its diversity scholarships as protected free speech
By Karen Sloan June 17 (Reuters) - The American Bar Association said on Monday that a scholarship program designed to boost diversity among law students is protected free speech, in a bid to toss a lawsuit brought by a prominent conservative group alleging the program is discriminatory.The ABA’s ...Reuters
Tue, Jun 17
