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Alphabet’s Waymo to expand ride-hailing services to Miami

(Reuters) – Alphabet’s Waymo said on Thursday it will expand its autonomous ride-hailing services to Miami, Florida, adding another city to its operations as it seeks to gain an edge in an increasingly competitive market. The company plans to introduce its vehicles to Miami’s streets early next year and aims to launch services to riders in 2026, offering ride-hailing through the Waymo One app. Waymo’s expansion comes at a crucial time as the firm is … Read more…

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Trump, RFK Jr. met with Pfizer, Lilly executives, Axios reports

(Reuters) – U.S. President-elect Donald Trump met with the chief executives of U.S. drugmakers Pfizer and Eli Lilly as well as industry lobbying group PhRMA on Wednesday night, Axios reported on Thursday. Anti-vaccine activist Robert F. Kennedy Jr., Trump’s pick to lead the United States’ top health agency, was also present at the meeting, according to the report. Eli Lilly, Pfizer and PhRMA did not immediately respond to Reuters’ requests for comment. Trump and the … Read more…

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Elon Musk brings Trump’s government efficiency push to Capitol Hill

By Andy Sullivan, David Morgan and Richard Cowan WASHINGTON -Billionaire Elon Musk and former presidential candidate Vivek Ramaswamy met on Thursday with Republican lawmakers whose support they will need to win the sweeping spending cuts that President-elect Donald Trump has asked them to find. Trump has named two entrepreneurs to a task force that aims for a sweeping overhaul of the U.S. government, which spent $6.8 trillion in the most recent fiscal year. Musk has … Read more…

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Schneider Electric working with Nvidia to design data center cooling systems

By Stephen Nellis (Reuters) – French electrical equipment maker Schneider Electric is working with Nvidia to develop designs for data center cooling systems for use in new artificial intelligence data centers, it said on Wednesday. Schneider’s designs will be used in data centres that use Nvidia’s flagship server containing 72 of its most powerful AI chips, which is rolling out early next year. No financial details of the agreement were disclosed. Those servers will consume … Read more…

Trump’s crypto advocacy steers businesses away from traditional treasury assets

By Niket Nishant and Bhanvi Satija (Reuters) – U.S. President-elect Donald Trump’s pro-crypto stance is prompting small businesses to allocate portions of their cash to bitcoin, challenging the dominance of traditional assets as companies look for more robust inflation hedges. Over the past month, biotech firms Enlivex Therapeutics, Acurx Pharmaceuticals and Hoth Therapeutics have set a target of purchasing up to $1 million of bitcoin to hold as a treasury reserve asset. The moves underscore … Read more…

Nippon Steel committed to U.S. Steel takeover, aims to close in Dec, says executive

By Yuka Obayashi, Katya Golubkova and Ritsuko Shimizu TOKYO (Reuters) – Japan’s Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said, despite strong U.S. opposition including from President-elect Donald Trump. “We will not give up on the deal… There is no global strategy without the U.S.,” Nippon Steel Vice Chairman Takahiro Mori told Reuters this week, after returning from his … Read more…

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Citigroup rolls out artificial intelligence tools for employees in eight countries

By Tatiana Bautzer NEW YORK (Reuters) – Citigroup began rolling out on Wednesday new artificial intelligence tools to be used by employees in eight countries, senior executives said. Around 140,000 employees will have access to the tools. In a memo to staff sent on Wednesday, Tim Ryan, head of technology and business enablement, explained how each of them works. Citi Assist searches internal bank policies and procedures. “It’s like having a super-smart coworker at your … Read more…

TPG explores $1.5 billion-plus sale of gym chain Crunch Fitness, sources say

By Abigail Summerville NEW YORK (Reuters) – Buyout firm TPG is weighing a potential sale of Crunch Fitness that could value the gym chain at more than $1.5 billion, including debt, people familiar with the matter told Reuters on Tuesday. TPG, which acquired Crunch Fitness through its buyout arm that focuses on small and mid-sized acquisitions, is working with investment bank Jefferies on a sale process that could be launched during the first half of … Read more…

Software startup ServiceTitan seeks up to $5.2 billion valuation in US IPO

By Arasu Kannagi Basil and Jaiveer Shekhawat (Reuters) -Software startup ServiceTitan is seeking a valuation of up to $5.16 billion in its U.S. initial public offering, it said on Tuesday, in what could be one of the final few flotations of the year that saw a revival in the market for new listings. Glendale, California-based ServiceTitan is looking to raise up to $502 million by offering 8.8 million shares priced between $52 and $57 each. … Read more…

Meta seeks nuclear power developers for reactors to start in early 2030s

WASHINGTON (Reuters) – Meta said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in power demand. The company wants to add 1 to 4 gigawatts of new U.S. nuclear generation capacity starting in the early 2030s, it said in a release. A typical U.S. nuclear plant has a … Read more…