Latest in Company 23andme Files
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British Steel’s auditors warn of ‘material uncertainty’ as it battles to survive
Company had £736mn of debt at end of 2023, much of it from entities controlled by its Chinese parent JingyeFinancial Times - 1d -
As WWE hits London, Triple H insists Netflix doesn't call the shots
The WWE's chief content officer speaks to BBC Newsbeat about the company's partnership with Netflix.BBC News - 1d -
Buses in Wales to be brought under public control
Ministers have promised a "simpler" network replacing a system where bus companies set their own timetables.BBC News - 1d -
NYSE’s Texas platform debuts with Trump’s social media stock
Shares of the president’s company fell on the state’s market amid a broad sell-off fuelled by his trade agendaFinancial Times - 1d -
Aston Martin shares pop as Canadian billionaire Lawrence Stroll invests more cash
Stroll's stake in the company is poised to increase to roughly 33% from about 27.7% as part of the transaction.CNBC - 1d -
OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
If OpenAI doesn't restructure into an independent for-profit company by Dec. 31, its mega-financing round could be slashed by $10 billion.CNBC - 1d -
OpenAI funding round could be cut by $10B if for-profit conversion doesn't occur by year-end
OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into a for-profit entity by Dec.NBC News - 1d -
Chef Robotics raises $20.6 million to continue building AI robot arms
Chef Robotics has raised $20.6 million in a Series A funding round led by Avataar Ventures, the company told CNBC.CNBC - 1d -
The Power of a Big, Hairy, Audacious Goal: How to Choose Yours
Over the years, I’ve identified five types of goals that successful companies use to set their long-term direction.Inc. - 1d -
Primark CEO Resigns After ‘Error of Judgment’
Paul Marchant has left the clothing retailer after “an allegation made by an individual about his behavior,” the company said.The New York Times - 1d -
Isomorphic Labs, Google’s A.I. Drug Business, Raises Money From Thrive
The company, which uses artificial intelligence to develop new treatments, now counts the venture capital firm Thrive Capital as a backer.The New York Times - 1d -
Trump Family Starts Bitcoin Mining Venture in Further Push Into Crypto
Eric Trump and Donald Trump Jr. are investing in a Bitcoin-mining company called American Bitcoin, created by the merger of two firms.The New York Times - 1d -
Richard Carlson, Journalist Who Led Voice of America, Dies at 84
The father of the conservative commentator Tucker Carlson, he won a Peabody Award for television reporting that uncovered a car company’s fraud.The New York Times - 1d -
The Proud Boys and Militias Come to Tesla’s Defense
After weeks of “Tesla Takedown” protests, extremist groups are showing up to back Elon Musk’s beleaguered car company.Wired - 1d -
Pension Protection Fund vows to invest more in ‘juicy’ UK assets
Britain’s £32bn lifeboat scheme says it will invest in infrastructure and scale-up companies if allowed to growFinancial Times - 1d -
I Struck Out With Tinder and OpenAI’s New Dating Game
The two companies are working together to help you practice ‘cringeworthy moments.’ The result? Lots of rejection.Inc. - 1d -
As Trump’s Tariffs Stoke Economic Uncertainty, the Fed Debates Its Next Steps
The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.The New York Times - 19h -
OpenAI closes $40 billion funding round, largest private tech deal on record
OpenAI on Monday announced the close of its $40 billion financing, the most money raised in a single round by a private tech company.CNBC - 18h -
Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases
A judge dismissed an attempt to use a bankruptcy court to resolve tens of thousands of claims that the company’s talcum power products caused cancer.The New York Times - 13h -
Meta's head of AI research announces departure
Meta Vice President of AI Research Joelle Pineau will leave the social media company on May 30.CNBC - 14h -
ZeniMax workers vote to strike over Microsoft negotiations
ZeniMax Workers United voted overwhelmingly in favor of a strike over contract negotiations with parent company Microsoft.VentureBeat - 11h -
US-UK deal on accounting qualifications stalls after disputes
Agreement would help top firms to move staff working on audits of banks and dual-listed companiesFinancial Times - 4h -
CoreWeave Scales Back Ambition for Its I.P.O.
The company, which originally expected its shares to be priced between $47 and $55, will ask for $40 a share in a sign of stock market uncertainty.The New York Times - 5d -
An AI-based drone that speeds up the detection and monitoring of wildfires is presented in Germany
A company that specializes on early wildfire detection has developed a new, AI-based drone that it says will help speed up the detection, location and monitoring of firesABC News - 5d -
Is CoreWeave’s Debut an Ill Omen for I.P.O.s?
The A.I. company is set to make its market debut on Friday amid concerns about its business model and the health of the wider economy.The New York Times - 4d -
FCC chair opens investigation into Disney and ABC for DEI practices
Federal Communications Commission Chairman Brendan Carr has opened an inquiry into Disney and ABC's DEI programs, marking the second investigation of a major media company.Los Angeles Times - 4d -
How Climate-Resilient Chickens Could Help Fight Poverty
An initiative in Zambia is showing that a profit-seeking company can help rural farmers battling extreme weather breed chickens that lay more eggs.The New York Times - 3d -
Trump Commutes Ozy Media Founder’s Sentence Just Before His Surrender
Carlos Watson, who started the now-defunct digital media company, had been sentenced to almost 10 years in prison for trying to defraud investors and lenders.The New York Times - 3d -
Nvidia turned CoreWeave into a major player in AI years before helping to save its IPO
CoreWeave has found a big market in selling Nvidia's popular AI processors, but the company has a challenging story to sell to public investors.CNBC - 2d -
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.CNBC - 2d -
Min Woo Lee, sister Minjee become third brother-sister duo to win on PGA Tour, LPGA
Min Woo's win helped the Lees join some exclusive company. They became the third brother-sister duo to win both a PGA Tour and LPGA event.Yahoo Sports - 1d -
Restaurant chain to shut 2,000 branches after rat found in soup
Sukiya will temporarily shut nearly all of its roughly 2,000 branches after a rat was found in a miso soup and a bug in another meal, the company said.CBS News - 1d -
Chelsea report £128m profit after selling women's team
Chelsea report a £128.4m profit in their latest financial results for the year ending June 2024, having sold their women's team to a parent company.BBC News - 1d -
Vaccine stocks fall after key FDA official resigns in protest of RFK Jr.
Shares of Moderna, Novavax and other biotech companies fell after FDA official Peter Marks's resignation in protest of Robert F. Kennedy Jr.CNBC - 1d -
CoreWeave shares slump nearly 10% in second day of trading
CoreWeave rents out access to Nvidia graphics processing units to other large tech and AI companies including Meta, IBM and Cohere.CNBC - 1d -
A Quarter-Billion Dollars for Defamation: Inside Greenpeace’s Huge Loss
A pipeline company’s lawsuit against the environmental group could chill free speech, experts said. First Amendment issues are likely to figure prominently in an appeal.The New York Times - 1d -
Do Tesla’s Woes Signal a Nearing End to DOGE?
Remarks by the president and others by Elon Musk, indicate the Tesla CEO may need to leave DOGE and focus on reversing his company’s sliding fortunes.Inc. - 16h -
Rory McIlroy joins Tiger Woods as only golfers with $100 million in career earnings on PGA Tour
Until Sunday, Tiger Woods was the only golfer in the history of the PGA Tour to surpass $100 million in career earnings. Now he has company.Yahoo Sports - 12h -
Mar 24: CBS News 24/7, 1pm ET
Federal appeals court reviewing Trump's use of Alien Enemies Act for deportation flights; Tech company aims to produce space-grown diamonds.CBS News - 14h -
As retaliatory tariffs mount, recyclers worry what goes around, comes around
Some metal recycling companies stand to benefit from Trump’s steel and aluminum duties, but they fear any boost could be blunted by foreign countermeasures.NBC News - 9h