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Facebook, Instagram Parent Company Meta Shares Tumble Amid Continued Push Into AI Development
Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion
Binance Founder Changpeng Zhao Apologizes, Accepts 'Full Responsibility' in Letter to Judge Ahead of Sentencing
Binance founder and former CEO Changpeng Zhao has publicly apologized for his past actions and "poor decisions" ahead of his sentencing.
Elon Musk's SpaceX Injury Rates Soar Highest in the Industry for Second Year
Injury rates at SpaceX facilities remained higher above the industry average in 2023, according to an assessment of safety data submitted to US authorities by billionaire Elon Musk's space business.
Tesla Car in Autopilot Mode Hit and Killed Motorcyclist Near Seattle, Raising Questions About the Tech's Safety
Tesla's Autopilot driving system raises safety concerns after a tragic car crash near Seattle that hit and killed a motorcyclist.
Elon Musk's Tesla Expects to Incur Expenditures of Over $350 Million as Result of Mass Layoffs
Elon Musk's Tesla is poised to incur more than $350 million in expenses in the second quarter due to the mass layoffs that started last week.
US Solar Firms Urge Biden Admin to Apply Tariffs on Southeast Asian Imports
A group of US solar producers petitioned the federal government to put taxes on imports from four Southeast Asian countries, claiming they threaten the American market.
Canada's Justin Trudeau Dismisses Doctors' Plea to Reconsider Capital Gains Tax Increase
Canada's Prime Minister Justin Trudeau has dismissed a plea from doctors to reconsider his government's proposal to raise the capital gains tax.
Senate Begins Inquiry Into Why Ozempic and Wegovy Are So Expensive in the US
Novo Nordisk's Ozempic and Wegovy, two popular diabetes and weight-loss drugs, are pricey in the US, sparking a Senate probe.
Hugo Boss Is Finally Leaving Russia After the German Fashion House Agrees to Sell Russian Business to Stockmann
German fashion house Hugo Boss announced Wednesday that it had agreed to sell its Russian operations to wholesale partner Stockmann, marking the end of its presence in Russia.
Tesla Shareholder Asks Judge to Prevent Elon Musk From Moving Pay Fight to Texas to Evade Delaware Ruling
A Tesla shareholder who successfully challenged CEO Elon Musk's massive pay package is seeking court intervention again to prevent the company from evading a Delaware court ruling.
Global Chocolate Supply Crisis Looms as 'Swollen Shoot' Virus Menaces Cacao Trees
The virus, mainly spread by mealybugs that feed on cacao trees, has resulted in substantial harvest losses, varying from 15% to 50%.
Biden Administration Announces New Federal Rules: Airlines Required to Automatically Give Refunds for Delayed, Canceled Flights
The new rules oblige airlines to provide refunds automatically, eliminating the need for passengers to request them explicitly.
Amazon Top Aggregator Thrasio Loses CEO, 5 Other Senior Execs Following Bankruptcy Filing
Thrasio, a major aggregator of Amazon third-party sellers, is undergoing drastic leadership changes.
IBM's Acquisition of HashiCorp for $6.4 Billion Confirmed, Aimed at Strengthening Cloud Capabilities
This acquisition is intended to enhance IBM's expertise in cloud-based solutions, especially as the demand for AI-driven technologies continues to grow rapidly.
Apple's Vision Pro Production Slashed as Demand Falls Short: Report
Apple now expects to sell 400,000 to 450,000 units in 2024, a sharp decline from earlier industry estimates of 700,000 to 800,000.
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