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Bill Ackman, Founder and CEO, Pershing Square Capital Management speaks about higher education and Harvard University during at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 6, 2025. Patrick T. Fallon | Afp | Getty ImagesBill Ackman’s long-awaited push into public markets is set to debut Wednesday, marking a scaled-back but still ambitious step toward building a Berkshire Hathaway-like investment platform.The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations after marketing a deal that initially targeted between $5 billion and…
What you need to knowElon Musk is the headliner, taking the stand for a second day as his lawsuit against OpenAI CEO Sam Altman rolls on.Musk seemed relaxed and at ease during testimony Tuesday, where he took credit for OpenAI’s early days and key hires.Jared Birchall, who manages Musk’s family office and is also an executive at xAI and Neuralink, will be next to testify.Musk is asking for Altman and OpenAI president Greg Brockman to be removed and for up to $134 billion in “wrongful gains” to be put into the OpenAI charity. He previously wanted the $134 billion for…
MercadoLibre CEO flags loan‑book sales, plays down Venezuela expansion Source link
Astronomers say the upper stage of a Falcon 9 rocket that launched in early 2025 will strike the Moon later this summer, likely on the near side of the Moon. Bill Gray, who writes the widely used Project Pluto software to track near-Earth objects, has published a comprehensive report on the impact expected to occur at 2:44 am ET (06:44 UTC) on August 5. The Falcon 9 rocket’s upper stage is 13.8 meters (45 feet) tall and has a 3.7-meter (12 feet) diameter. Since the Moon has no atmosphere, it will strike the lunar surface intact. Although the Moon will…
The prime minister and Conservative leader argue over welfare and defence spending ahead of May elections. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Russia has warned that the United Arab Emirates’ shock exit from Opec will drive a fall in oil prices once the Middle East conflict ends, but has confirmed that it intends to remain within the wider Opec+ alliance.Russia’s finance minister Anton Siluanov said on Wednesday that without limits imposed by the oil cartel, the UAE would probably pump oil at will. Today, the market “is constrained by the Strait of Hormuz, but what will happen tomorrow?” Siluanov said. “What will happen if…
AstraZeneca and GSK, the U.K.’s second and ninth most valuable companies, both saw first-quarter profits beat expectations early Wednesday. Source link
Humana reports quarterly beat, unchanged forecast underwhelms market Source link
Avishek Das | Lightrocket | Getty ImagesOpenAI revenue chief Denise Dresser said the AI company’s agreement on Tuesday to make its models available on Amazon had nothing to do with an announcement a day earlier that the startup had restructured its relationship with Microsoft for a second time in six months.”The two are not related in any way,” Dresser told CNBC in an interview following OpenAI’s announcement with Amazon. Analysts aren’t so sure.A lot has happened since late October, when OpenAI completed its recapitalization, giving Microsoft a 27% stake in the for-profit side of the artificial intelligence company. As part…
The Reform leader says the gift was for his personal security – but opponents say he should have declared it. Source link