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Brewer Lane’s Notaras expects AI adoption in insurance to be more evolutionary than revolutionary
By James ThalerJune 17 - (The Insurer) - AI adoption could be more evolutionary than revolutionary in insurance, Brewer Lane Ventures’ Martha Notaras told The Insurer TV, adding that she expects more collaboration between startups and incumbents.The veteran venture investor, who has backed companies...Reuters
Tue, Jun 17
Amazon, Telekom vehicles set ablaze in suspected political attack in Berlin, media report
June 17 (Reuters) - Dozens of commercial vehicles from Amazon AMZN.O and Deutsche Telekom DTEGn.DE were put on fire in the early hours of Tuesday, German media reported, with police saying they are investigating politically motivated arson attacks.Berlin police said in a statement that 17 vehicles ...Reuters
Tue, Jun 17
HHS Says FDA To Issue National Priority Vouchers To Companies Supporting U.S. National Interests
June 17 (Reuters) - HHS: FDA PLANS IN FIRST YEAR OF PROGRAM TO GIVE LIMITED NUMBER OF VOUCHERS TO COMPANIES ALIGNED WITH U.S. NATIONAL PRIORITIESHHS: FDA TO ISSUE NEW COMMISSIONER’S NATIONAL PRIORITY VOUCHERS TO COMPANIES SUPPORTING U.S. NATIONAL INTERESTSHHS: NEW CNPV PROCESS CONVENES EXPERTS FROM ...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
US FDA to issue new vouchers to drug developers to shorten review time
June 17 (Reuters) - The U.S. Food and Drug Administration on Tuesday announced that it will issue a new priority review voucher to drug developers to shorten review time from about 10-12 months to one-two months.Reuters
Tue, Jun 17
Descartes announces investment from Battery Ventures at increased valuation
By Henry GaleJune 17 - (The Insurer) - MGA and insurer Descartes Underwriting has received a strategic investment from U.S.-based tech investor Battery Ventures, the parametric specialist said on Tuesday.Descartes said the transaction was executed at a premium to its Series B valuation and that all ...Reuters
Tue, Jun 17
EXCLUSIVE-Unilever proposes Peter ter Kulve as CEO of ice cream spin-off
By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON, June 17 (Reuters) - Unilever ULVR.L has named its preferred candidate to lead the group's soon-to-be listed ice cream division, proposing Peter ter Kulve, who has previously faced criticism from the board of its Ben & Jerry's busine...Reuters
Tue, Jun 17
EXCLUSIVE-US pulls out of two more bases in Syria, worrying Kurdish forces
No U.S. troops present at Al-Wazir and Tel Baydar basesIslamic State threat 'has significantly increased', SDF commander saysBy John Davison and Orhan Qereman AL SHADADI BASE, Syria, June 17 (Reuters) - U.S. forces have pulled out of two more bases in northeastern Syria, visiting Reuters ...Reuters
Tue, Jun 17
Auto File: De Meo packs his (Gucci) bags
By Nick Carey, European Autos Correspondent Greetings from London! Just when you thought that U.S. President Donald Trump might be getting tired of imposing tariffs, he threatened late last week that he might raise auto tariffs to further prod automakers into making bigger investments in the Uni...Reuters
Tue, Jun 17
UK's Starmer: No indication from Trump that U.S. about to enter Iran-Israel conflict
KANANASKIS, Alberta, June 17 (Reuters) - British Prime Minister Keir Starmer said on Tuesday that U.S. President Donald Trump had not said anything to indicate that the United States was about to enter the conflict between Israel and Iran."There is nothing the President said that suggests he'...Reuters
Tue, Jun 17
Hudson brings in Shaw from Axis as head of GL/excess programs
By Chris MunroJune 17 - (The Insurer) - Hudson Insurance Group has drafted in Andy Shaw as head of general liability and excess programs, with the recruit joining the Odyssey Group subsidiary having spent the past two years at Axis.A spokesperson for Hudson confirmed that in his new role, Shaw has r...Reuters
Tue, Jun 17
Honda conducts surprise reusable rocket test, aims spaceflight by 2029
By Kantaro Komiya TOKYO, June 17 (Reuters) - Honda 7267.T succeeded in a launch and landing test of its prototype reusable rocket on Tuesday, the Japanese company said in a surprise announcement, marking a milestone towards its 2029 goal of achieving a suborbital spaceflight.Honda R&D, the r...Reuters
Tue, Jun 17
Germany's Merz expects to reach deal in US trade dispute before summer over
KANANASKIS, Canada, June 17 (Reuters) - German Chancellor Friedrich Merz expects to find an agreement in the tariff dispute with the United States before the summer is over, he told broadcaster ARD on Tuesday."We are approaching agreement in small steps. I assume that this agreement will be poss...Reuters
Tue, Jun 17
Applied Intuition valued at $15 billion for autonomous vehicle tech
By Utkarsh Shetti June 17 (Reuters) - Applied Intuition raised $600 million in a funding round and tender offer that valued the automotive software supplier at $15 billion, more than doubling its valuation from last year in a sign of strong investment appetite for autonomous vehicle technology.Th...Reuters
Tue, Jun 17
Floodbase and Raincoat to pool local responders' flood risks in Virginia
By Henry GaleJune 17 - (The Insurer) - Parametric insurance specialists Floodbase and Raincoat have been awarded funding to design a risk pool for NGOs in western Virginia.The companies were selected as winners of nonprofit RISE's Riverine Community Resilience Challenge, which funds pilots of fl...Reuters
Tue, Jun 17
Motor racing-Wolff dismisses Red Bull protest as petty and embarrassing
Mercedes boss Wolff criticises failed Red Bull protestRed Bull's Horner has no regrets about the move June 17 (Reuters) - Mercedes Formula One boss Toto Wolff has dismissed Red Bull's failed protest of George Russell's Canadian Grand Prix win as petty and embarrassing.Stewards threw o...Reuters
Tue, Jun 17
EU wants to ease securitisation rules to boost lending to economy
Commission seeks balance between more risk and market growth EU market much smaller than U.S., room for growth existsInvestors to get reduced due diligence and paperwork Commission lacks estimates on capital freed by relaxed rulesBy Jan StrupczewskiBRUSSELS, June 17 (Reuters) - The European Commissi...Reuters
Tue, Jun 17
EXCLUSIVE-Unilever proposes Peter ter Kulve as CEO of ice cream spin-off
By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON, June 17 (Reuters) - Unilever has named its preferred candidate to lead the group's soon-to-be listed ice cream division, proposing Peter ter Kulve, who has previously faced criticism from the board of its Ben & Jerry's business.Ter ...Reuters
Tue, Jun 17
