Author: Reuters
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Trump tells air traffic controllers to return to work as flight cancellations jump
President Donald Trump on Monday demanded air traffic controllers return to work as travelers endured another day of flight cancellations, which the administration ordered to manage staff shortages during the government shutdown. Threatening to curtail the pay of any controller who did not go back, Trump said he would award those who have not taken…
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Visa, Mastercard reach revised swipe fee settlement with merchants
NEW YORK – Visa and Mastercard announced a revised settlement with merchants who accused the card networks of charging too much to accept their credit cards, after a judge rejected an earlier $30 billion accord as inadequate. Monday’s settlement would end 20 years of litigation in which businesses accused Visa, Mastercard and banks of conspiring…
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FAA grounds MD-11 fleets after deadly Louisville crash
WASHINGTON -The U.S. Federal Aviation Administration on Saturday issued an order prohibiting MD-11 planes from flying for now, pending inspection, after a fiery crash this week of a UPS MD-11 cargo freighter killed at least 14 people in Louisville, Kentucky. UPS and FedEx said they have already grounded their combined fleet of more than 50…
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EchoStar to sell more spectrum licenses to SpaceX for $2.6 billion
Englewood-based EchoStar said on Thursday it would sell a set of wireless spectrum licenses to SpaceX for about $2.6 billion in exchange for stock in the space startup, while also announcing a leadership transition at the CEO level, according to reporting from Reuters. Separately in the day, the telecommunications services company announced a new investment arm…
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Pfizer, Novo Nordisk escalate bidding war for obesity drug developer Metsera
Pfizer and Novo Nordisk’s fight for obesity drug developer Metsera ratcheted up on Tuesday, as both companies submitted sweetened bids, with Metsera saying Novo’s $10 billion offer is superior. The dramatic bidding war kicked off last week with Novo’s surprise play for Metsera, which had already agreed to be acquired by Pfizer. It has turned…
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Getty Images largely loses landmark UK lawsuit over AI image generator
LONDON – Getty Images largely lost its London lawsuit against artificial intelligence company Stability AI over its image generator on Tuesday, prompting Getty and some lawyers to call for stronger protections for copyright owners in Britain. Seattle-based Getty, which produces editorial content and creative stock images and video, accused Stability AI of using its images…
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Norwegian opposition complicates Musk’s path to $1 trillion pay deal
Norway’s sovereign wealth fund, Tesla’s sixth-largest outside investor, said Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion. Musk’s pay package is still seen as likely to win, given broad investor support in the past and the backing Tesla enjoys from its large retail shareholder base.…
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Trump administration partially funds November food stamp
President Donald Trump’s administration said on Monday it plans to partially fund November food benefits for millions of Americans, but warned it could take some states weeks or months to calculate and distribute the aid. The administration laid out the Department of Agriculture’s plan in a filing in federal court in Rhode Island after a…
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Bolton charged with mishandling classified information
GREENBELT, Maryland • John Bolton, Donald Trump’s former national security adviser, was indicted on Thursday on charges of mishandling classified information. Bolton’s lawyer did not immediately respond to a request for comment. His lawyer had previously denied that Bolton engaged in wrongdoing. The indictment, filed in federal court in Maryland, charges Bolton with eight counts…
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Peace deal underway: Hostages freed, prisoners released
CAIRO/JERUSALEM • Hamas freed the last living Israeli hostages from Gaza on Monday under a ceasefire deal and Israel sent home busloads of Palestinian detainees, as U.S. President Donald Trump declared the end of the two-year long war that has upended the broader Middle East. Hours later, Trump convened Muslim and European leaders in Egypt…