EU Challenges JD.com’s Ceconomy Takeover Over Foreign Subsidy Concerns
The European Commission on Wednesday issued a formal statement of objections to Chinese e-commerce giant JD.com regarding its proposed acquisition of German electronics retailer Ceconomy, intensifying its investigation into the deal under the EU’s...
U.S. Launches $5 Billion AI Initiative to Accelerate Scientific Research
The Trump administration has announced a $5 billion initiative to tackle long-standing scientific challenges using artificial intelligence across multiple fields. The program will involve 15 federal agencies, including the Departments of Health and Human...
House Passes Stopgap Bill to Avoid U.S. Government Shutdown
The Republican-controlled U.S. House of Representatives on Tuesday passed a short-term funding measure aimed at preventing a government shutdown by extending federal agency funding through December 4. The temporary spending bill, known as a...
Trump Administration Pauses $1 Billion in Medicaid Payments to California, Minnesota
The Trump administration has temporarily halted nearly $1 billion in federal Medicaid payments to California and Minnesota, citing suspected fraud and noncompliance. U.S. Health Secretary Robert F. Kennedy Jr. announced the move alongside Centers...
US Judge Temporarily Blocks Trump Administration From Restricting Work Permits for TPS Holders
A U.S. federal judge has temporarily blocked the Trump administration from enforcing new immigration policies that would have stripped tens of thousands of asylum seekers and immigrants with Temporary Protected Status (TPS) of their...
France Moves to Ban Social Media for Under-15s
French lawmakers are set to vote on a bill that would ban children under the age of 15 from accessing social media platforms, as the country steps up efforts to protect minors from the...
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement
A U.S. federal judge in San Francisco has granted final approval to Anthropic’s landmark $1.5 billion settlement in a class-action copyright lawsuit brought by a group of authors who accused the artificial intelligence company...
MAGA Inc Crosses $400 Million Ahead of U.S. Midterms
MAGA Inc, the principal super political action committee supporting U.S. President Donald Trump, has accumulated more than $400 million in campaign funds as Republicans prepare for the November midterm elections. A filing with the...
Trump Administration Weighs Cutting Ties with U.N. Refugee Agency
The Trump administration has recently considered ending its relationship with the United Nations High Commissioner for Refugees (UNHCR), according to sources familiar with the discussions. Diplomats and U.N. officials reportedly launched a lobbying effort...
CuspAI Raises $450 Million to Accelerate AI-Driven Materials Discovery
British artificial intelligence startup CuspAI has raised $450 million in a Series B funding round led by Kleiner Perkins and NEA, reaching a valuation of $2.6 billion. The round attracted major investors including the...