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By Jonathan Stempel (Reuters) – Silicon Valley Bank’s former parent may pursue a lawsuit to recover $1.93 billion of deposits that the Federal Deposit Insurance Corp seized following the bank’s March 2023 collapse, a federal judge ruled. In a decision on Thursday, U.S. District Judge Beth Labson Freeman in San Jose, California said the former parent, now known as SVB Financial Trust, adequately alleged that the FDIC in its corporate capacity maintained control over the … Read more…

By Allison Lampert and Tim Hepher (Reuters) – Boeing and other top aerospace firms are scouring their supply chains to determine their exposure to a major fire last week at a Philadelphia-area parts factory that has set off alarm bells across the industry, people familiar with the matter said. The days-long fire at SPS Technologies’ century-old factory could put pressure on the industry’s already strapped supply chain. GE Aerospace and others are now trying to … Read more…

WASHINGTON (Reuters) – British Prime Minister Keir Starmer said on Thursday that he would work with U.S. President Donald Trump on a new economic deal with advanced technology such as artificial intelligence at its core. “Instead of over regulating these new technologies, we’re seizing the opportunities that they offer. So we’ve decided today to go further to begin work on a new economic deal with advanced technology at its core,” Starmer told reporters during a … Read more…

By David Shepardson and Mrinmay Dey WASHINGTON (Reuters) -Billionaire presidential adviser Elon Musk on Thursday said a U.S. Federal Aviation Administration communications system operated by Verizon is months away from failure and putting air safety at risk. Verizon, which operates the largest U.S. wireless network, said it has only begun work on the system currently run by another company, and rejected the criticism by Musk, who owns the rival SpaceX Starlink satellite system. “The Verizon … Read more…

(Reuters) – Business software provider Salesforce forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, weighed down by slower adoption of its artificial intelligence agent platform, sending shares of the company down around 4% in extended trading. The software-as-a-service pioneer is banking heavily on AI agents to reinvigorate growth at a time when other cloud firms, including Microsoft and Amazon, have firmly established themselves as leaders in the sector while making strides in machine … Read more…

By Max A. Cherney, Arsheeya Bajwa and Stephen Nellis (Reuters) – Nvidia forecast higher first-quarter revenue on Wednesday, signalling continued strong demand for artificial intelligence chips, and said orders for its new Blackwell semiconductors were “amazing.” The company’s forecast helps allay doubts around a slowdown in spending on its hardware that emerged last month, following Chinese AI startup DeepSeek’s claims that it had developed AI models rivaling Western counterparts at a fraction of their cost.  … Read more…

By Valerie Volcovici WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday said that Environmental Protection Agency Administrator Lee Zeldin is planning to cut 65% of his agency’s workforce, a move that came as a surprise to agency staff. Trump revealed the potential EPA staff reduction at the first meeting of his cabinet, where his downsizing czar Elon Musk pledged that he would move quickly to slash federal spending. “I spoke with Lee Zeldin, and … Read more…