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OpenAI, Samsung and SK set to start building data centres in Korea in March, minister says
Reuters· 2026-02-11 01:54
Core Viewpoint - OpenAI, Samsung Electronics, and SK Hynix are set to begin construction of data centers in South Korea starting in March, as announced by Science Minister Bae Kyung-hoon during a parliamentary hearing [1] Group 1 - OpenAI, Samsung Electronics, and SK Hynix are collaborating on the development of data centers [1] - The construction is scheduled to commence in March [1] - The announcement was made by Science Minister Bae Kyung-hoon at a parliamentary hearing [1]
Oil holds steady as US–Iran tensions provide support
Reuters· 2026-02-11 01:19
Core Viewpoint - Oil prices remained stable as the market awaited further direction amid ongoing U.S.–Iran talks, with geopolitical uncertainty providing support for prices [1] Group 1 - The oil market is currently influenced by geopolitical factors, particularly the discussions between the U.S. and Iran [1] - Prices are being underpinned by the lingering uncertainty in the geopolitical landscape [1]
Activist investor Ancora pushes Warner Bros to walk away from Netflix deal, WSJ reports
Reuters· 2026-02-11 01:17
Core Viewpoint - Activist investor Ancora Holdings has acquired a stake of approximately $200 million in Warner Bros Discovery and intends to oppose the company's plan to sell its valuable TV and film assets to Netflix [1] Group 1 - Ancora Holdings has built a stake worth around $200 million in Warner Bros Discovery [1] - The investor plans to challenge Warner's proposed deal to sell its TV and film assets to Netflix [1]
Memory chip demand will be strong this year and into 2027, Samsung Elec executive says
Reuters· 2026-02-11 00:40
Core Viewpoint - Samsung Electronics anticipates strong demand for memory chips to persist this year and into the next, driven by robust demand from artificial intelligence applications [1] Company Summary - A company executive highlighted that the ongoing demand for memory chips is significantly influenced by advancements and requirements in artificial intelligence [1]
Cloudflare forecasts annual sales above estimates as AI drives cloud demand
Reuters· 2026-02-10 23:21
Cloudflare forecast annual and first-quarter sales above Wall Street estimates on Tuesday, betting on the rapid development of artificial intelligence technology to drive demand for its cloud services... ...
Moderna says US FDA refuses to review its influenza vaccine
Reuters· 2026-02-10 23:08
Moderna said on Tuesday the U.S. Food and Drug Administration will not review its approval application for its influenza vaccine. ...
US issues license authorizing oil and gas exploration and production in Venezuela, Treasury says
Reuters· 2026-02-10 22:16
The U.S. Treasury Department on Tuesday issued a general license authorizing the provision of U.S. goods, technology, software or services for the exploration, development or production of oil and gas... ...
Petrobras' Q4 oil and gas output rises 18% from year before
Reuters· 2026-02-10 21:56
Group 1 - Petrobras reported a total oil, gas, and gas liquids production of 3.11 million barrels of oil equivalent per day (boed) in the fourth quarter of 2025, indicating a significant increase compared to previous periods [1] - The production figures reflect a robust operational performance by Petrobras, showcasing its capacity to enhance output in a competitive market [1] - The increase in production is expected to positively impact Petrobras' financial performance and market position in the oil and gas industry [1]
Edwards Lifesciences forecasts 2026 profit above estimates on heart devices strength
Reuters· 2026-02-10 21:51
Core Viewpoint - Edwards Lifesciences has forecasted 2026 profit above estimates, driven by strong demand for its artificial heart valves and other medical devices, resulting in a 3% increase in shares during after-hours trading [1] Group 1 - The company anticipates robust demand for its artificial heart valves and medical devices [1] - The positive forecast has led to a rise in the company's stock price by 3% in after-hours trading [1]