President Donald Trump said the chief executives of General Motors Co and Ford Motor Co called to thank him on Wednesday for putting tariffs on mid- and large-sized trucks, saying their companies stock has soared. ...

Core Insights - Kering's sale of its beauty business to L'Oreal will lead to a "net gain before tax" in Kering's annual results, as stated by COO Jean-Marc Duplaix during an analyst call [1] Group 1 - The transaction is expected to positively impact Kering's financial performance for the year [1]

Core Points - Social media platform Reddit has filed a lawsuit against artificial intelligence startup Perplexity and three other companies for allegedly scraping its data unlawfully to train their AI models [1] Group 1 - Reddit accuses Perplexity and the other companies of violating its terms of service by using its data without permission [1] - The lawsuit highlights concerns over data privacy and the ethical use of user-generated content in AI training [1] - This legal action reflects a growing trend among social media companies to protect their data from unauthorized use by AI firms [1]

Core Insights - Sales at Kering's flagship brand Gucci fell by 14% in the third quarter [1] - Overall group sales decreased by 5% on a like-for-like basis, which was better than market expectations [1] Company Performance - Gucci's sales decline of 14% indicates challenges faced by the brand in the current market environment [1] - The overall group performance, with a 5% decrease in sales, suggests a broader impact on Kering's portfolio [1] Market Expectations - The results surpassed market expectations, indicating that while there are declines, they were not as severe as analysts had predicted [1]

Core Viewpoint - T. Rowe Price has filed for an actively managed crypto exchange-traded fund, indicating a significant move into the cryptocurrency investment space [1] Group 1 - The filing represents T. Rowe Price's strategic expansion into the cryptocurrency market [1] - The actively managed approach suggests a focus on dynamic investment strategies within the crypto sector [1]

Persistently weak crude prices pressured merger and acquisition activity in the U.S. upstream oil and gas sector in the third quarter, analytics firm Enverus said on Wednesday. ...

Core Insights - Annual premiums for U.S. families with employer-sponsored health insurance in 2025 increased by 6% to nearly $27,000, indicating a significant rise in healthcare costs driven by higher spending on popular weight-loss treatments and other prescription drugs [1] Summary by Category Health Insurance Premiums - The average annual premium for families with employer-sponsored health insurance reached almost $27,000 in 2025, marking a 6% increase from the previous year [1] Factors Influencing Costs - The rise in premiums is attributed to increased expenditures on popular weight-loss treatments and other prescription medications, reflecting changing healthcare spending patterns [1]

Group 1 - The Unite union in Britain announced that its members are initiating strike action at BAE Systems' Warton and Samlesbury sites [1] - The strike action follows the rejection of a 3.6% pay offer, which the union characterized as inadequate [1]

Exxon Mobil said on Wednesday it signed an agreement with the government of Gabon to explore for oil and gas off the coast of the central African country. ...

Core Insights - Google has developed a computer algorithm that indicates potential practical applications for quantum computing and its ability to generate unique data for artificial intelligence [1] Group 1 - The algorithm points the way to practical applications for quantum computing [1] - It will be able to generate unique data for use with artificial intelligence [1]