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Ticker: Facebook owner Meta to buy AI chips from AMD

Facebook owner Meta Platforms will buy artificial intelligence chips from Advanced Micro Devices in a deal that will also give it the opportunity to buy up to a 10% stake of the chip company. Meta will buy AMD’s latest chips, the MI450, to help power data centers. The agreement could potentially be worth more than $100 billion. FedEx joins US firms in seeking tariff refund FedEx is suing the U.S. government, requesting a full refund on what it paid for tariffs set by President Donald Trump last year after the Supreme Court ruled that the tariffs are illegal. FedEx said in a ...

Paramount raises offer for Warner

Warner Bros. Discovery said that Paramount has raised the price of its takeover offer to $31 per share, potentially setting the stage for a fresh bidding war with Netflix over the future of the Hollywood giant. Paramount’s offer had previously stood at $30 per share since December — when the Skydance owned company launched its hostile bid to challenge a deal Warner struck with Netflix to sell its studio and streaming business for $27.75 per share. A Warner Bros. Discovery buyout would reshape Hollywood and the wider media landscape — bringing HBO Max, cult-favorite titles like ...

Dems call for refund of billions in tariff money

A trio of Senate Democrats is calling for the government to start refunding roughly $175 billion in tariff revenues that the Supreme Court ruled were collected because of an illegal set of orders by President Donald Trump. Sens. Ron Wyden of Oregon, Ed Markey of Massachusetts and Jeanne ...

FDA proposes new system to OK customized drugs for rare diseases

Federal health officials on Monday laid out a proposal to spur development of customized treatments for patients with hard-to-treat diseases, including for rare genetic conditions that the pharmaceutical industry has long considered unprofitable. The preliminary Food and Drug Administration guidelines, if implemented, would create a new pathway for bespoke therapies that have only been tested in a handful of patients due to the challenges of conducting larger studies. The FDA announcement specifically mentions gene editing, although agency officials said the new approach could also be ...

Ticker: Top Court agrees to hear from oil, gas companies

The Supreme Court has agreed to hear from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change. The conservative-majority court took up the case Monday. The companies went to the Supreme Court after Colorado’s highest court allowed a lawsuit from Boulder to proceed. Panama orders occupation of key ports Panama has ordered the occupation of two key ports at the ends of the Panama Canal. It comes after its top court ruled that the operator’s contract is unconstitutional. The government on ...

NYC nurses strike ends

NEW YORK — New York City’s largest nursing strike in decades may be on the verge of ending after a union representing more than 4,000 nurses in the NewYork-Presbyterian hospital system reached a tentative contract agreement with management early Friday. The nurses’ union, the New York State Nurses Association, and NewYork-Presbyterian both said their negotiators have reached a tentative deal. The union said provisions include raises topping 12% over three years, staffing improvements and, for the first time, safeguards on the use of artificial intelligence. Union members were ...