Kremlin says Russia’s updated nuclear doctrine is being formalised

MOSCOW (Reuters) – The Kremlin said on Sunday that amendments to Russia’s nuclear doctrine had been prepared and were about to be formalised, meaning the relevant documents setting out the circumstances in which nuclear arms can be used by Moscow will be updated. President Vladimir Putin warned the West on Wednesday that under proposed changes to the doctrine Russia could use nuclear arms if it was struck with conventional missiles and would consider any assault … Read more…

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Why gene therapy for sickle cell is slow to catch on with patients

By Deena Beasley LOS ANGELES (Reuters) – Student Zoe Davis, 20, was just weeks into her junior year when she landed back in the hospital with severe sickle cell pain earlier this month. She is doing what she can to prevent the crippling attacks in her arms, legs and abdomen that are becoming more frequent. She knows new gene therapies may provide long-term relief to some of the 100,000 Americans like her who suffer from … Read more…

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Trump says he will seek Google’s prosecution if he wins election

By Jasper Ward and Kanishka Singh WASHINGTON (Reuters) -Former U.S. President Donald Trump, who is the Republican presidential candidate, said on Friday he will seek the prosecution of Google if he wins the Nov. 5 election, claiming that the company only displays “bad stories” about him. Trump, in his post on Truth Social, gave no evidence for his assertion about Google. “It has been determined that Google has illegally used a system of only revealing … Read more…

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Oil prices fall as expectations of higher supplies hammer market sentiment

(Reuters) – Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+ group of oil exporters. Brent crude futures fell 57 cents, or 0.8%, to $71.03 per barrel by 0036 GMT, while U.S. West Texas Intermediate crude futures were down 58 cents, or 0.9%, to $67.09 a barrel. On a weekly basis, Brent crude was … Read more…

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UAE foreign minister says his country is doubling down on U.S. ties

DUBAI (Reuters) – The United Arab Emirates is strengthening its relationship with the United States, the Gulf state’s foreign minister said on Friday, a sign of warmer relations after several friction points during the Biden presidency. Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan made his comments after the UAE’s ruler held separate talks this week with U.S. President Joe Biden, Democratic presidential candidate Kamala Harris and Republican candidate Donald Trump. Emirati leader Sheikh Mohamed … Read more…

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Clock is ticking for US recession, return of Fed’s QE, says black swan fund

By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in financial markets could once again force the U.S. central bank to come to the rescue by buying bonds, said tail-risk hedge fund Universa. The Fed said last week it started cutting rates to recalibrate monetary policy and to maintain strength in the labor market. With … Read more…

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Indexes Edge Higher – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) After all the hoopla, after Mr. Powell’s giant release of the half point rate cut, markets drifted with the indexes all closing a slight bit higher for the week, but very uneventful. Still the Dow Jones Industrial Average managed a new record high, over 42000 after a spirited move on Wednesday, supported by good data on Labor and lower interest rates. By Friday it was back to a ho-hum … Read more…

Wall St rises on upbeat US economic data

By Echo Wang (Reuters) – Wall Street’s main indexes rose on Thursday, with the S&P 500 scoring a record high, as Micron Technology shares jumped, while a strong U.S. jobless claims report eased concerns over the labor market. Micron Technology rose 15.33% after the memory chip maker projected first-quarter revenue above expectations, highlighting strong demand for memory chips used in artificial intelligence computing. The broader Philadelphia SE Semiconductor index gained 3.53% as most chip stocks … Read more…

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OpenAI chair says board has discussed equity compensation for CEO Sam Altman

(Reuters) -OpenAI’s chairman Bret Taylor on Thursday said the board has discussed whether to compensate CEO Sam Altman with equity but no decision has been made. In a statement, he said no specific figures have been discussed for any equity compensation for Altman. Reuters reported on Wednesday that OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation and that Altman would receive equity for the first time in … Read more…

Microsoft to make $2.7 billion cloud, AI investments in Brazil

SAO PAULO (Reuters) – Microsoft on Thursday pledged to invest 14.7 billion reais ($2.70 billion) in Brazil over three years to enhance its cloud infrastructure and artificial intelligence (AI) in Latin America’s largest economy. WHY IT’S IMPORTANT The amount is the largest-ever investment to be announced at once in Brazil by Microsoft, which said massive adoption of AI could add as much as 4.2 percentage points to Brazil’s economic growth by the end of the … Read more…