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Sir Olly Robbins has defended his decision to approve the peer’s security clearance for the role. Source link
A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty ImagesKering said Thursday it aims to double profitability and revive its flagship brand Gucci as it announced its highly anticipated strategy to get the company back on track after a year-long luxury slump that hit it harder than its competitors. CEO Luca de Meo announced the strategy seven months after taking over the reins, during which investors’ optimism has mounted that he’ll be able to turn the legacy conglomerate around. “In a nutshell, a model that worked for a decade, is no…
Check out the companies making headlines after the bell : United Airlines — Shares rose about 1% even after the airline posted disappointing guidance for its current quarter and full year as rising fuel prices pressure its outlook. United expects 2026 adjusted earnings of between $7 and $11 per share, down from prior guidance of between $12 and $14 per share. The company also expects adjusted earnings for its current quarter to come in the range of $1 to $2 per share, lower than FactSet’s $2.08 estimate. However, the company’s first-quarter earnings and revenue both beat expectations. Capital One Financial…
Adobe announces $25 billion stock buyback amid AI disruption fears Source link
If Florida officials discover that OpenAI leadership knew of criminal activity and prioritized profits over public safety, “then people need to be held accountable,” Uthmeier said. “I’m a big believer in limited government,” Uthmeier said. “I believe government should only interfere in business activities when you have significant harm to our people. This is that.” OpenAI cooperating with officials Waters told Ars that OpenAI continues to cooperate with the authorities who are investigating the mass shooting and early on “identified a ChatGPT account believed to be associated with the suspect and proactively shared this information with law enforcement.” The company…
US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Thursday, April 16, 2026. Graeme Sloan | Bloomberg | Getty ImagesPresident Donald Trump on Tuesday extended the U.S. ceasefire with Iran, saying the extension was warranted due to Tehran’s government being “seriously fractured.”Trump said the ceasefire would continue “until such time as” Iran’s leaders and representatives submit a “unified proposal” to end the war with the U.S. and Israel.Trump previously had said that the ceasefire would end on Wednesday.Earlier on Tuesday, Trump, during…
The U.K.’s financial watchdog has eased restrictions on hedge funds after relaxing rules on short selling, and slashing administrative and reporting requirements.The shift marks a major step-change in the way the Financial Conduct Authority regulates investors who bet against the value of companies, and comes as part of a broader U.K. push to cut red tape. The FCA, which oversees U.K. financial services firms and markets, said Thursday its new framework provides “clearer and simpler” rules on short selling.Short selling — a core component of many hedge fund strategies — involves investors betting against a particular stock or security, with…
FedEx and UPS delivery vans are seen in Krakow, Poland, Feb. 22, 2022.Beata Zawrzel | Nurphoto | Getty ImagesThe refund process for tariffs has begun, but it could be months before consumers start reaping those rewards.Following the Supreme Court ruling that some tariffs were unconstitutional, U.S. Customs and Border Protection opened up a refund process on Monday for companies to begin requesting money back.The refund process only affects levies collected under the International Emergency Economic Powers Act, or IEEPA, which were the specific tariffs that the Supreme Court invalidated. Some tariffs — like those under Section 232 of the Trade…
AT&T and Verizon shares rise on Deutsche Telekom/T-Mobile merger rumor Source link
Amazon GLP-1 treatmentSource: Amazon Inc. Amazon is pushing deeper into the booming weight loss market, unveiling Tuesday a new program that aims to simplify access to popular GLP-1 treatments.The company said its primary care arm, Amazon One Medical, is launching a GLP-1 management program that integrates obesity treatment into routine care. The offering combines virtual and in-person visits, prescription management and pharmacy fulfillment, positioning weight management as a long-term chronic condition rather than a one-off prescription. “Providing customers with fast, convenient medication access and clear, transparent pricing is integral to how Amazon Pharmacy is transforming the pharmacy experience,” said Tanvi…