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Suspect in Trump assassination attempt charged with gun crimes

By Gram Slattery and Sarah N. Lynch WASHINGTON (Reuters) -A man suspected of attempting to assassinate Donald Trump was charged with two gun-related crimes in federal court on Monday, a day after being spotted with a rifle hiding in the bushes at the former U.S. president’s golf course in Florida. More charges appear likely, but the initial counts – possession of a firearm as a convicted felon and possession of a firearm with an obliterated … Read more…

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Exclusive-OpenAI’s stunning $150 billion valuation hinges upending corporate structure, sources say

By Krystal Hu and Kenrick Cai (Reuters) – OpenAI’s new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. The details of the conditions of the $6.5 billion funding, which have not been previously reported, shows how far … Read more…

Disney, DirecTV reach deal, restoring programming for 11 million satellite TV viewers

By Dawn Chmielewski (Reuters) -Walt Disney and DirecTV announced they have reached an agreement in principle on Saturday, restoring college football and other programming to the satellite TV provider’s more than 11 million subscribers. The deal affords satellite TV subscribers greater choice and flexibility, the companies said in a joint statement. DirecTV customers had lost access to ABC, ESPN and other Disney-owned networks on Sept. 1, after the two sides reached an impasse in renewal … Read more…

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Exclusive-India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart

By Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers, prioritising certain listings, and steeply discounting products, hurting … Read more…

Boeing strike could drag on as workers push for higher wages, union leader says

SEATTLE (Reuters) – A strike at Boeing “could go on for a while” as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday. More than 30,000 members of the International Association of Machinists and Aerospace Workers (IAM), who produce Boeing’s top-selling 737 MAX and other jets in the Seattle and Portland, began a strike on Friday … Read more…

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Brazil top court lifts Starlink, X account blockage after $3 million transfer

BRASILIA (Reuters) – Brazil’s Supreme Court Justice Alexandre de Moraes decided to lift blockages previously imposed on Starlink and X accounts after ordering the transfer of 18.35 million reais ($3.31 million) from the accounts to the country’s national coffers. According to a court statement on Friday, the lift was ordered because the amount transferred to Brazil’s coffers reached the total X owed the country in fines, which had been imposed amid a feud between billionaire … Read more…

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TikTok faces crucial court hearing that could decide fate in US

By David Shepardson WASHINGTON (Reuters) – TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The U.S. Court of Appeals for the District of Columbia will hold oral arguments on the legal challenge, putting the fate of Chinese-owned TikTok in the middle of the final weeks of the … Read more…

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Oil eases as US production resumes after storm, rig count rises

By Laila Kearney NEW YORK (Reuters) -Oil prices edged lower on Friday as U.S. Gulf of Mexico crude production resumed following disruptions caused by Hurricane Francine, while the country’s rig count jumped this week. Brent crude futures lost 26 cents, or 0.3%, to $71.71 a barrel by 1:30 p.m. EDT (1730 GMT). U.S. West Texas Intermediate crude (WTI) <CLc1> shed 31 cents, or 0.3%, to $68.66. Both benchmarks rose by more than $1 a barrel … Read more…

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Nvidia’s stock market dominance fuels big swings in the S&P 500

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. This year’s 140% surge in shares of Nvidia, whose chips are seen as the gold standard in artificial intelligence applications, has accounted for about a quarter of the S&P 500’s 17% gain. Nvidia showed its powerful hold … Read more…

Moderna expects up to $3.5 billion in 2025 sales

By Patrick Wingrove (Reuters) – Moderna on Thursday said it expects sales of between $2.5 billion and $3.5 billion next year, and forecast that new product launches would drive an average annual growth rate of 25% in revenue between 2026 and 2028. The vaccine maker last month projected sales of $3 billion and $3.5 billion for this year, which will be its lowest annual revenue since Moderna launched its COVID-19 vaccine in late 2020 – … Read more…