Elon Musk will withdraw his $97.4 billion bid for OpenAI’s non-profit arm if the ChatGPT maker stops its conversion into a for-profit entity, according to a court filing.”If OpenAI, Inc.’s Board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” read the filing, which was submitted Wednesday to the U.S. District Court for the Northern District of California.”Otherwise, the charity must be compensated by what an arms-length buyer will pay for its assets,” it added.On Monday, Musk, along with his artificial intelligence…
Author: usaeverydaylife
President Volodymyr Zelensky of Ukraine was already facing a daunting week as foreign officials gathered in Europe for talks about his country’s future. The Trump administration was demanding $500 billion in Ukrainian mineral rights, it canceled Ukraine’s exemption from U.S. tariffs on steel, and a leading American skeptic of military assistance for Kyiv, Vice President JD Vance, was on his way to Europe for a meeting with the Ukrainian leader.But on Wednesday, things went from bad to worse. Mr. Trump’s defense secretary delivered a harsh assessment of Ukraine’s prospects in its war with Russia. Then Mr. Trump announced that he…
GE Vernova is more than ready to meet the rising demand for energy, according to Baird. The firm initiated coverage of the energy services and equipment company with an outperform rating and a $448 per share price target. Baird’s forecast implies more than 21% upside from Wednesday’s close. Analyst Ben Kallo said GE Vernova is an essential player to meet rising demand for energy and energy infrastructure, both of which will help margins expand. “The rising demand for energy generation solutions gives the company pricing power for out years which we believe will translate to margin expansion and may provide…
European stock markets were broadly higher Thursday, amid a flurry of earnings and economic data and rising hopes of an end to the Russia-Ukraine war.The regional Stoxx 600 index maintained positive momentum from earlier this week, when it marked three record closing highs, gaining another 0.66% by 10:50 a.m. in London to hit another all-time intraday peak.German technology conglomerate Siemens was among the top performers, up 6.2% after reporting better than expected first-quarter profits, despite a “significant decline” at its factory automation business.However, the U.K.’s FTSE 100 dropped 0.8%, weighed down by declines in banking and oil and gas stocks. Shares of British…
CVS Health has more room to run even as the broader health care segment remains troubled, according to Leerink Partners. Leerink upgraded the pharmacy operator and benefits manager to outperform from market perform and raised its price target to $75 per share from $55. Leerink’s new forecast calls for about 19% upside from Wednesday’s close. CVS Health has pulled back more than 17% over the past year, but has been on fire in 2025 with a 40% year-to-date gain. On Wednesday, the company reported better-than-expected fourth-quarter earnings , sending the stock up 15% on the day. CVS YTD mountain Shares…
Christian Klein, CEO of the software group SAP, during the annual press conference. Europe’s largest software manufacturer SAP is today announcing its figures for the past financial year. Uwe Anspach | Picture Alliance | Getty ImagesSAP is one of the world’s largest software companies. Databricks is among the fastest growing.On Thursday, the two companies announced a partnership that will put Databricks’ data analysis technology alongside SAP’s human resources, finance and logistics software so that customers can more easily access and make sense of their most critical data. “The way I think about it, the most important enterprise data on the planet…
When President Trump said on Wednesday that he might soon meet with his Russian counterpart, Vladimir Putin, to discuss an end to the nearly three-year war in Ukraine, he named what may have seemed like an unusual venue for the talks. “We expect that he’ll come here, and I’ll go there and we’re going to meet also probably in Saudi Arabia the first time,” Mr. Trump told reporters in the Oval Office. “We’ll meet in Saudi Arabia, see if we can get something done.”Mr. Trump cited both his and Mr. Putin’s relationship with Crown Prince Mohammed bin Salman, the de…
The Nissan logo appears on a smartphone screen, and in the background, the Honda Motor Company logo is visible in this illustration photo in Reno, United States, on December 26, 2024.Jaques Silva | Nurphoto | Getty ImagesJapanese automakers Honda and Nissan said Thursday they would terminate merger talks, ending speculation over the fate of a $60-billion deal that was slated to create the world’s third-largest auto company by sales volumes.They said “various options” were considered including a proposal by Honda to change the structure of the merger from a joint holding company to one with Honda as the parent and…
Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty ImagesConsumer goods giant Unilever on Thursday posted slightly weaker-than-expected sales growth and pointed to a subdued start to 2025, although it expects this to reverse in the second half of the year.The company also provided an update on the spin-off of its ice cream business, which houses brands including Ben and Jerry’s and Magnum, saying it would be demerged through a triple…
Tesla and SpaceX CEO Elon Musk delivers remarks as he joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. Andrew Harnik | Getty ImagesDUBAI, United Arab Emirates — The U.S. government needs to “delete entire agencies” in a cost and efficiency drive, tech billionaire and Tesla founder Elon Musk said Thursday when asked about whether the changes he is implementing as part of the Donald Trump administration will last beyond the current president’s term.”I think we do need to delete entire agencies, as opposed to…
