Business

Documents Reveal Epstein Tech Ties

Department of Justice files showed Jeffrey Epstein attended dinners with leading Silicon Valley figures as late as 2018 and invested about $3 million alongside major investors in Coinbase.

Documents Reveal Epstein Tech Ties
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Anthropic AI roils European stocks

US startup Anthropic unveiled a legal AI tool that automated contract review and compliance, prompting sharp sell-offs in European legal, publishing and data companies' shares.

Anthropic AI roils European stocks
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Rocket firm merges with AI

Elon Musk merged SpaceX with xAI, creating a company valued at $1.25 trillion and unveiling plans to build AI data centers in orbit, a move critics called impractical.

Rocket firm merges with AI
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Spanish Santander buys Webster Financial

Banco Santander agreed to buy Webster Financial for about $12.2 billion to bolster its retail and commercial banking presence in the U.S. Northeast, the Spanish bank said.

Spanish Santander buys Webster Financial
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PepsiCo cuts US snack prices

PepsiCo said it would cut suggested retail prices on snacks including Lay’s, Doritos, Tostitos and Cheetos by up to 15 percent in the United States, citing weak shopper sentiment.

PepsiCo cuts US snack prices
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Disney names Josh Damaro CEO

Disney named Josh D'Amaro, head of its theme parks and cruises division, to succeed Bob Iger as CEO, with the transition scheduled in March.

Disney names Josh Damaro CEO
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Waymo raises $16 billion, expands

Waymo raised $16 billion in a funding round that valued the Alphabet subsidiary at $126 billion to fuel a global expansion of its robotaxi service.

Waymo raises $16 billion, expands
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Payments chief ousted, shares plunge

PayPal replaced CEO Alex Chriss after a weak quarter and missed targets, named HP veteran Enrique Lores to start in March, and its shares plunged.

Payments chief ousted, shares plunge
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Disney names D'Amaro as CEO

Disney named Josh D'Amaro its chief executive and said he will replace Bob Iger in March after leading the company’s profitable parks division.

Disney names D'Amaro as CEO
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Precious metals swing; funds misprice

Global precious‑metals markets suffered extreme volatility as silver jumped about 12% after a record 27% one‑day plunge and gold plunged, creating fund price dislocations.

Precious metals swing; funds misprice
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Germany buys transmission arm stake

Germany’s federal government bought a €3.3 billion stake in TenneT’s German transmission arm to fund urgent grid investments, officials said.

Germany buys transmission arm stake
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PayPal appoints Enrique Lores CEO

PayPal appointed former HP chief Enrique Lores as CEO, effective March 1, replacing Alex Chriss after a disappointing quarter that prompted the board's "pace of change" criticism.

PayPal appoints Enrique Lores CEO
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Infineon buys ams OSRAM sensors

Infineon bought ams‑OSRAM’s non‑optical automotive, industrial and medical sensor business for €570 million to help the indebted Austrian group reduce its debt.

Infineon buys ams OSRAM sensors
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EU probes Goldwind over subsidies

The European Commission opened an in-depth investigation into Chinese turbine maker Goldwind, saying Beijing grants may have distorted competition in the EU wind-turbine market.

EU probes Goldwind over subsidies
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McDonalds gives caviar with McNuggets

McDonald's announced a one-day U.S. image campaign to give away a small portion of caviar with Chicken McNuggets on Feb. 10, responding to recent negative headlines.

McDonalds gives caviar with McNuggets
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