Inside Stellantis CEO’s ’emergency room’ rush to recapture market share

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US private credit defaults to ease in 2026, but fragility to persist, says BofA

Dec 9 (Reuters) – Private credit defaults are set to edge â lower next year as interest rates drop, strategists at BofA Global Research said, but warned that the â red-hot sector remains among the most fragile parts of the U.S. credit market.The brokerage expects default rates to âease to 4.5% in …

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OpenAI sued for allegedly enabling murder-suicide

Dec 11 (Reuters) – OpenAI and its largest financial backer, Microsoft, were â sued in California state court on Thursday over claimsÂ that OpenAI’s popular chatbot ChatGPT encouraged a mentally ill man to kill â his mother and himself.The lawsuit said that ChatGPT fueled 56-year-old Stein-Erik Soelb …

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Inside Stellantis CEO’s ’emergency room’ rush to recapture market share

MILAN/DETROIT/PARIS, Dec 11 (Reuters) – New Stellantis CEO Antonio Filosa is prioritising vehicle sales growth over profits including resorting to lower-margin fleet sales and investing in affordable models to recapture market share in North America and â Europe and get the world’s No. 4 automaker back on …

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Exclusive-Lukoil leans towards Xtellus’ cashless bid for its foreign assets

LONDON, Dec 10 (Reuters) – Russia’s Lukoil favours U.S. bank Xtellus Partners’ bid for its â global assets over a dozen rival bids, as it takes the form of a cashless deal that would return U.S.-held securities to the Russian oil company, two â sources familiar with the process said.The U.S. Treasury …

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US senators push USDA for urgent action on bird flu vaccine

WASHINGTON, Dec 11 (Reuters) – A bipartisan group of U.S. senators this â week urged the administration of President Donald Trump to finalize a science-based plan for developing a bird flu vaccine for â livestock, according to a letter seen by Reuters.Â More than 180 million chickens, turkeys and ot …

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