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Apple sued by shareholders for allegedly overstating AI progress
(Reuters) -Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price.The complaint covers shareholders who suffered … Read More >>
Oil hedging volumes hit new records as US producers rush to lock in soaring prices
HOUSTON (Reuters) -Israel’s surprise attack on Iran last week had oil prices spiking which sent U.S. producers scrambling to lock in the price gain, driving record hedging volumes that will help shield them from future price swings.West Texas Intermediate crude futures rose further this week, closing on Frida … Read More >>
Muscle-preserving drugs could generate over $30 billion in sales by 2035, TD Cowen says
(Reuters) -Treatments designed to help patients preserve muscle while losing weight with popular obesity drugs by Eli Lilly and Novo Nordisk could generate more than $30 billion in sales by 2035, analysts at TD Cowen said on Friday.About a dozen companies are racing to develop such therapies, most of which ar … Read More >>
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Trump says he is looking at new steps on farm labor
“We’re looking at doing something where, in the case of good, reputable farmers, they can take responsibility for the people that they hire and let them have responsibility, because we can’t put the farms out of business,” Trump told reporters. “And at the same time we don’t want to hurt people that aren’t cr … Read More >>
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