Kamala Harris campaign raises $200 million in a week

By Kanishka Singh WASHINGTON (Reuters) -U.S. Vice President Kamala Harris’s election campaign said on Sunday it has raised $200 million and signed up 170,000 new volunteers in the week since she became the Democratic Party’s presidential candidate. President Joe Biden ended his reelection bid on Sunday last week and endorsed Harris for the Nov. 5 vote against Republican former President Donald Trump. “In the week since we got started, @KamalaHarris has raised $200 million dollars. … Read more…

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Yellen says $3 trillion needed annually for climate financing, far more than current level

By David Lawder BELEM, Brazil (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual financing, but that filling the gap is the biggest economic opportunity of the 21st century. Yellen said in Belem, Brazil’s Amazon gateway city, that reaching net-zero emissions goals remained a top priority for the Biden-Harris administration and this … Read more…

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Olympics-Gymnastics-Biles fights through calf pain in Paris Olympic debut

By Rory Carroll and Karen Braun PARIS (Reuters) – Simone Biles experienced pain in her left calf on the first day of the women’s gymnastics competition at the Paris Olympics on Sunday but the American never considered aborting any of her four apparatus routines, her coaches said.  Biles, a four-time Olympic gold medallist competing in her third Games, was seen limping at times during the qualifying competition and also as she walked past reporters after … Read more…

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Michigan state pension fund makes $6.6 million bitcoin ETF investment

By Suzanne McGee (Reuters) – The State of Michigan Retirement System, which oversees some $143.9 million in pension fund assets for state employees, has invested $6.6 million in the ARK 21Shares Bitcoin ETF, it disclosed in a regulatory filing on Friday. This marks the second confirmed investment by a pension fund in the spot bitcoin exchange-traded funds (ETFs) launched in January, a sign the assets are slowly beginning to attract traditional institutional investors in a … Read more…

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion

(Reuters) – Nasdaq said on Friday private equity firm Thoma Bravo will sell 41.6 million shares in the exchange operator through a secondary public offering. Based on Nasdaq’s last close, the offering will raise $2.79 billion for its top shareholder Thoma Bravo. Nasdaq shares fell 2.7% after the bell. The offering will reduce Thoma Bravo’s stake in Nasdaq to 7.4% from nearly 14.9%. Nasdaq said Thoma Bravo’s remaining shares in the company will be subject … Read more…

Exclusive-Walmart looks to bet $200 million on autonomous forklifts -sources

By Siddharth Cavale and Jeffrey Dastin NEW YORK (Reuters) – Walmart has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse operations, according to three people familiar with the matter. The world’s largest retailer wants autonomous forklifts to move pallets of goods in its distribution centers, which replenish Walmart stores. It has intended to buy possibly hundreds from Fox Robotics and invested $25 million in the … Read more…

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Amazon under second investigation in Milan for tax evasion, sources say

MILAN (Reuters) – An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group’s Italian units this week. Italy’s tax police on Tuesday seized some 121 million euros ($131 million) from another unit of the U.S. e-retailer as part of an investigation into alleged tax fraud and illegal labour practices, … Read more…

Paris Olympics broadcasters diverge on AI approach

By Sheila Dang (Reuters) – The Paris Olympics will be a showcase of generative AI for American viewers but European audiences won’t see a similar approach, a contrast that reflects how global media companies are deliberating over the use of the technology. Comcast’s NBCUniversal is diving into AI for its U.S. broadcast of the Games, including re-creating the voice of a legendary sportscaster, while Warner Bros. Discovery’s sports division in Europe said the tech is … Read more…

Microsoft’s LinkedIn settles lawsuit claiming it overcharged advertisers

By Jonathan Stempel (Reuters) – LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft unit of overcharging advertisers by inflating how many people watched video ads on its platform. A preliminary settlement was filed late Thursday in San Jose, California federal court, and requires approval by U.S. Magistrate Judge Susan van Keulen in San Jose, California. LinkedIn denied wrongdoing. It also agreed to use reasonable efforts for two years … Read more…

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Netflix’s ex-film head Stuber ties with Amazon MGM to revive United Artists

(Reuters) – Amazon MGM Studios has entered a multi-year film partnership with Scott Stuber, the former longtime head of films at Netflix, to finance and release movies from his new production company, it said on Friday. Stuber, who left Netflix in March to start his media company, will produce several films annually under United Artists (UA), a relaunched label that once operated under MGM. The films will be released both theatrically and on Prime Video. … Read more…