Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unilever is in discussions to sell its food division to spice and sauce maker McCormick, in a multibillion-dollar deal that would complete the consumer goods giant’s pivot to faster growing beauty and personal care brands. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK borrowed a higher than expected £14.3bn in February, according to official figures that are set to be overshadowed by the threat to the public finances from the Middle East war. The shortfall between … Read more
The quantum risk to Bitcoin investors is real, but not all wallets are vulnerable, and the people best positioned to address it are working on it, says Galaxy Digital research analyst Will Owens. Owens said in a report on Thursday that, in theory, a quantum computer could derive private keys from public keys, allowing an … Read more
Gemini has been hit with a proposed class action in New York for allegedly misleading investors during and after the crypto exchange’s September initial public offering. The class action lawsuit filed by shareholders on Thursday in a Manhattan federal court against Gemini, its co-founders Tyler and Cameron Winklevoss, and company executives, claims they made misleading … Read more
EXCLUSIVE: A non-franchise movie is making waves at the box office and we’re talking about Amazon MGM Studios‘ Project Hail Mary. Sources tell us that the previews for the Phil Lord-Christopher Miller directed sci-fi production are north of $11M, which takes us to an upper stratosphere that’s ahead of another non-franchise movie, Christopher Nolan’s Oppenheimer … Read more
US authorities say the co-founder of Super Micro Computer, Inc. has been charged and arrested over an alleged multi-billion dollar scheme to smuggle advanced artificial intelligence chips from the US to China. The Justice Department said in a statement on Thursday that it had unsealed an indictment charging Yih-Shyan “Wally” Liaw, as well as Super … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Supermicro’s co-founder and two others working for the company have been charged in New York for allegedly violating US export controls by smuggling $2.5bn of Nvidia’s AI chip servers to Chinese customers. The US attorney’s … Read more
UPDATED with California AG comment: Nexstar said Thursday that it had closed its acquisition of Tegna following approvals from the FCC and the Justice Department. The $6.2 billion merger, which will create a broadcast station giant, was given the greenlight by the FCC’s Media Bureau, clearing a hurdle amid opposition from some distributors and a … Read more
US gaming lawyer Daniel Wallach says a Nevada state court-issued restraining order against Kalshi appears imminent, preventing it from offering sports-related contracts. A federal appeals court has cleared Nevada state authorities to enforce a temporary restraining order on Kalshi to block its sports event contracts. The Ninth Circuit Appeals Court on Thursday denied Kalshi’s emergency … Read more
SPOILER ALERT: The below contains major spoilers about tonight’s episode of HBO Max‘s The Pitt titled “5:00 p.m.” Tonight’s episode of HBO Max’s The Pitt deals with the issues and realities hospitals and medical staff are facing when ICE, the U.S. Immigration and Customs Enforcement, embed themselves into emergency rooms all over the country. Producer … Read more