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Nvidia has not given OpenAI 'a penny yet,' CEO Huang tells Fox Business
Reuters· 2025-12-18 01:38
Core Viewpoint - Nvidia's CEO Jensen Huang stated that the company has not yet invested any money in OpenAI, despite plans to allocate $100 billion towards the development of ChatGPT and related technologies [1] Group 1 - Nvidia has announced a significant investment plan of $100 billion aimed at enhancing its capabilities in AI and related technologies [1] - The company has not provided any financial support to OpenAI as of now, indicating a cautious approach towards its investments [1]
Apple opens iPhone to alternative app stores in Japan
Reuters· 2025-12-18 01:02
Core Viewpoint - Apple has opened iPhones and other devices to alternative app stores in Japan to comply with new laws aimed at increasing competition in the smartphone market [1] Group 1 - The decision is a response to regulatory changes in Japan [1] - The move is expected to enhance competition within the Japanese smartphone market [1]
Elliott takes over $1 billion stake in Lululemon, source says
Reuters· 2025-12-18 01:00
Activist investor Elliott Management has amassed a stake of more than $1 billion in Lululemon Athletica and is lining up a potential CEO candidate as it pushes to revive the struggling athletic appare... ...
Shares in South Korea's LGES drop more than 7% after Ford cancels EV battery deal
Reuters· 2025-12-18 00:20
Core Viewpoint - Shares of LG Energy Solution fell by as much as 7.6% in morning trade following the announcement that Ford Motor had cancelled an electric vehicle battery supply deal [1] Company Summary - LG Energy Solution's stock experienced a significant decline of 7.6% in the morning session on Thursday [1] - The decline was triggered by the cancellation of a supply agreement for electric vehicle batteries with Ford Motor [1] Industry Summary - The cancellation of the battery supply deal highlights potential volatility in the electric vehicle supply chain [1] - This event may impact investor sentiment towards companies involved in the electric vehicle battery sector [1]
Exclusive: Amazon, Walmart shareholder pushes firms to report impact of Trump's immigration policies
Reuters· 2025-12-18 00:08
Core Viewpoint - A union-aligned investment group is inquiring about the financial and supply chain impacts of U.S. President Donald Trump's immigration policies on major companies like Amazon, Walmart, and Alphabet [1] Group 1: Company Impact - The investment group sent letters to Amazon, Walmart, and Alphabet, seeking information on how immigration policies are affecting their operations [1] - The focus is on understanding the financial implications and supply chain disruptions caused by these policies [1] Group 2: Industry Context - The inquiry reflects broader concerns within the industry regarding the effects of government policies on business performance and operational efficiency [1] - Companies are being urged to disclose how external political factors influence their financial health and supply chain management [1]
Exclusive: FTC investigating Instacart's AI pricing tool, source says
Reuters· 2025-12-17 23:36
Group 1 - The U.S. Federal Trade Commission is investigating Instacart due to concerns regarding its artificial intelligence-driven pricing tool [1]
Explainer: What will change if the US reclassifies marijuana?
Reuters· 2025-12-17 23:28
Core Viewpoint - The U.S. government is moving towards reclassifying marijuana, which may facilitate research and development of new medical marijuana products [1] Group 1: Regulatory Changes - An executive order from President Trump is anticipated to reclassify marijuana, potentially easing federal restrictions [1] - This reclassification could lead to increased research opportunities in the medical marijuana sector [1] Group 2: Industry Implications - Easing restrictions may result in the development of new medical marijuana products, impacting the pharmaceutical and healthcare industries [1] - The change in classification could stimulate investment and innovation within the cannabis industry [1]
US crude futures gain on Trump's Venezuela blockade
Reuters· 2025-12-17 23:18
Core Viewpoint - U.S. crude futures experienced a price increase of one dollar in Asian trading following President Donald Trump's blockade on tankers entering and leaving Venezuela, significantly impacting the country's oil exports [1] Group 1: Market Impact - The blockade imposed by the U.S. government is expected to restrict most exports from Venezuela, which could lead to tighter global oil supply and increased prices [1] - The immediate reaction in the crude oil market reflects concerns over supply disruptions due to geopolitical tensions [1] Group 2: Geopolitical Context - President Trump's decision to block Venezuelan tankers is part of a broader strategy to exert pressure on the Venezuelan government, which may have long-term implications for oil markets [1] - The blockade highlights the ongoing volatility in the oil sector, driven by political actions and international relations [1]
Bankrupt Genesis restarts nursing home auction after insider bid fails
Reuters· 2025-12-17 23:14
Genesis Healthcare is preparing for a new auction of its 175 long-term nursing homes in January, after a judge refused to approve an insider bid that would have left the same ownership group in charge... ...
Nvidia director Harvey Jones sells $44 million in shares held for over three decades
Reuters· 2025-12-17 23:12
Nvidia board member Harvey Jones sold more than $44 million worth of company stock, a regulatory filing showed on Wednesday. ...