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Nvidia takes EU antitrust regulators to court for probing AI startup Run:ai bid

By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Nvidia has sued EU antitrust regulators for accepting an Italian request last year to scrutinise its acquisition of AI startup Run:ai, saying they had flouted an earlier court ruling restricting their merger powers on minor deals. While the case does not have any impact on the Run:ai deal which was eventually approved by the EU competition watchdog in December last year, a ruling favouring Nvidia may … Read more…

JPMorgan CEO Jamie Dimon reaffirms DEI commitment despite industry shift, CNBC reports

(Reuters) – JPMorgan Chase will continue its diversity efforts, its CEO Jamie Dimon said in an interview with CNBC on Monday, despite a broader corporate retreat from such initiatives. The bank will continue its outreach to Black, Hispanic, LGBT, veteran and disabled communities, Dimon said. Earlier this month, the largest U.S. bank said it expects “to be criticized by activists, politicians and other members of the public” concerning business practices or positions it takes with … Read more…

Oil trade group pushes US for national ethanol policy after EPA okays Midwest expansion

By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump’s administration said on Friday it would move ahead with expanded sales of the product in certain Midwestern states. The U.S. Environmental Protection Agency said on Feb. 21 it would uphold an April 28 implementation date for a request from eight Midwest governors … Read more…

AI startup Anthropic finalizing $3.5 billion funding round, WSJ reports

(Reuters) – AI startup Anthropic is looking to raise $3.5 billion in its latest funding round which would value the startup behind the chatbot Claude at $61.5 billion, the Wall Street Journal reported on Monday. Investors in the latest round include venture firms Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners, WSJ said. Abu Dhabi-based investment firm MGX is also in talks, according to the report. Anthropic did not immediately respond to a Reuters … Read more…

Microsoft shelves AI data-center deals in sign of potential oversupply, brokerage says

By Aditya Soni (Reuters) – Microsoft has scrapped leases for sizeable data center capacity in the U.S., suggesting a potential oversupply at the tech giant as it builds out artificial intelligence infrastructure to meet a possible surge in demand, TD Cowen said. Skepticism has been growing among investors over the billions of dollars U.S. tech firms have been channeling into AI infrastructure due to slow payoffs and breakthroughs at Chinese startup DeepSeek, which has showcased … Read more…

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US spy agency data on DOGE website was ‘unclassified’ but not meant for public release

By AJ Vicens (Reuters) – Data posted to the Department of Government Efficiency’s website detailing headcount and total wages for the National Reconnaissance Office is not classified, but was “not intended for public release,” an agency spokesperson told Reuters on Friday. The NRO, an intelligence agency that manages spy satellites, is working to “remedy” the situation, the spokesperson said. The data was still available on the DOGE website on Friday. Representatives of Elon Musk’s DOGE … Read more…

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Exclusive-U.S. exempts security funds from aid freeze — but little for humanitarian programs

By Jonathan Landay and Simon Lewis WASHINGTON (Reuters) – The Trump administration released $5.3 billion in previously frozen foreign aid, mostly for security and counternarcotics programs, according to a list of exemptions reviewed by Reuters that included only limited humanitarian relief. President Donald Trump ordered a 90-day pause on foreign aid shortly after taking office on January 20, halting funding for everything from programs that fight starvation and deadly diseases to providing shelters for millions … Read more…

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US judge extends order temporarily blocking Trump research funding cuts

By Nate Raymond BOSTON (Reuters) – A U.S. judge extended an order on Friday blocking President Donald Trump’s administration from slashing grant funding for scientific research that could devastate the budgets of thousands of universities and research institutions while she considers whether the National Institutes of Health’s new policy is unlawful. Although she did not say how she would ultimately rule, U.S. District Judge Angel Kelley at a hearing in Boston told a lawyer for … Read more…

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IRS blocks Musk aide from accessing taxpayer data

By Nathan Layne (Reuters) – The U.S. Internal Revenue Service has blocked a key aide to tech billionaire Elon Musk from accessing individual taxpayer returns or other personal information as part of a deal signed between the tax-collecting agency and the Trump administration. The agreement would seem to avert what some IRS officials had privately described as a worst-case scenario, in which the aide, 25-year-old software engineer Gavin Kliger, had free reign of the agency’s … Read more…

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The Challenged Investor – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Friday’s market was all peaks and valleys, with the indexes finishing the week slightly higher. A flood of news; tariff threats, the end of earnings season, and stubborn inflation, all add up to a heavy burden on investors and traders. Chris Zaccarelli, chief investment officer at Northlight Asset Management said, “You can really tell we’re in a bull market. All bad news seems to have been overlooked, and really … Read more…