Business

Eli Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023. Mike Blake | Reuters Eli Lilly on Tuesday said its daily weight loss pill helped patients with obesity and Type 2 diabetes shed weight in a late-stage trial, meeting the study’s main goal and clearing the way for the company to file for approval of the …

Elon Musk’s X and xAI filed a lawsuit against Apple and OpenAI on Monday, alleging that the two companies are colluding to stifle competition. “In a desperate bid to protect its smartphone monopoly, Apple has joined forces with the company that most benefits from inhibiting competition and innovation in AI: OpenAI, a monopolist in the market for generative AI chatbots,” …

Forty-four attorneys general signed an open letter to 11 chatbot and social media companies on Monday, warning them that they will “answer for it” if they knowingly harm children and urging the companies to see their products “through the eyes of a parent, not a predator.”  The letter, addressed to Anthropic, Apple, Chai AI, OpenAI, Character Technologies, Perplexity, Google, Replika, …

Dollar Falls With Treasuries as Trump Seeks to Oust Fed’s Cook  Bloomberg.com Dollar steadies after jolt from Trump’s ouster of Fed governor  Reuters Stock market today: Dow, S&P 500, Nasdaq futures fall as Trump ousts Fed governor  Yahoo Finance Trump’s crusade against the Federal Reserve will be self-defeating  The Economist What Trump’s move to fire Fed governor means for central bank’s independence  The Guardian Source …

Dollar steadies after jolt from Trump’s ouster of Fed governor  Reuters Stock market today: Dow, S&P 500, Nasdaq futures fall as Trump ousts Fed governor  Yahoo Finance Trump’s crusade against the Federal Reserve will be self-defeating  The Economist What Trump’s firing of Fed governor means for central bank’s independence  The Guardian Dollar Falls With Treasuries as Trump Seeks to Oust Fed’s Cook  Bloomberg.com Source link

Cracker Barrel is sticking with its new logo but apologizing to fans who were angered when the change was announced last week. “If the last few days have shown us anything, it’s how deeply people care about Cracker Barrel. We’re truly grateful for your heartfelt voices,” the company said Monday in a statement on its website. “You’ve also shown us …

Powerball Jackpot Soars to $815 Million, Seventh Largest in Game History  Powerball Powerball jackpot hits $750 million for Monday’s drawing, 10th largest in game’s history after no Saturday winner  CNN Powerball grows to $815 million after no winners in Monday’s drawing  ABC News Powerball winning numbers for Aug. 23 drawing: $700 million jackpot  USA Today $1 Million Powerball ticket sold in Maine  WMTW Source link

Wall Street welcomes rate cuts but ignores the risks  Axios Here are 4 ways lower interest rates could affect your personal finances  CNN Dollar stabilises after slump on Powell’s dovish surprise  Reuters Fed Chair Jerome Powell is worried about the job market. Here are 3 red flags for workers.  CBS News Powell’s Rate Cut Signal Reflects Economy’s Delicate Position  The Wall Street Journal Source link

Trump wants more deals like Intel’s, worrying business community  Reuters After U.S. Takes Stake in Intel, Trump Pledges ‘Many More’ Deals  The New York Times Government will take stakes in more companies, top Trump adviser says  Axios White House’s Hassett says US could take stakes in other chip companies  Reuters The U.S. Has Created a Stealth Sovereign Wealth Fund. What Comes Next After Intel.  Barron’s …

A new coffee giant could be brewing. The American beverage firm Keurig Dr. Pepper plans to buy JDE Peet’s, the European parent company of California’s gourmet coffee trailblazer, Peet’s Coffee, in an all-cash transaction worth about $18 billion. Keurig Dr. Pepper will be split into two independent companies, one of which will focus on coffee, according to a Monday release. …