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Happy Friday! It’s not goodbye. It’s see you later. I start the second half of my paternity leave next week. I’ll be out for the summer, but you’re in good hands with my UK colleague Hallam Bullock. Just try not to give him too much grief on July 4.In today’s…
As OpenAI, Anthropic, and Big Tech invest billions in developing state-of-the-art large-language models, a small group of AI researchers is working on the next big thing.Computer scientists like Fei-Fei Li, the Stanford professor famous for inventing ImageNet, and Yann LeCun, Meta’s chief AI scientist, are building what they call “world…
Who wants to fill Mark Read’s shoes?The hunt is on for a new chief executive at WPP after Mark Read announced he intends to step down after seven years leading the advertising agency giant.Whoever takes over will inherit a company that’s recently been usurped from pole position within the agency…
Three top Trump administration economic officials will face off against Chinese negotiators in a renewed effort to break the US-China trade deadlock.Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and Trade Representative Jamieson Greer will be meeting China’s delegation in London on Monday.”The meeting should go very…
Good morning! A federal court ruled President Donald Trump doesn’t have the authority to impose some of his tariffs. The three-judge panel’s unanimous ruling declared the tariffs would be vacated, throwing a massive wrench into what has been a key piece of Trump’s second term. The federal government has filed…
These aren’t your older sibling’s streaming wars.The battle for audiences has evolved in recent months, as once-fierce rivals turn to frenemies and even team up on bundles. One key reason is that Hollywood titans like Disney and Warner Bros. Discovery have stopped following Netflix and are instead carving out distinct…
President Donald Trump’s tariffs could unleash a recession on the US economy by this summer, Apollo’s chief economist Torsten Slok, said. In a note over the weekend, Slok outlined a timeline for how the tariffs, especially steep duties on goods from China, could lead to a sharp slowdown in trade…
As President Donald Trump’s trade war continues, consumers are worried about higher prices and potential layoffs, while businesses are sweating over higher import costs and waning foreign demand for their products.They are dynamics that economists say could throw the US into recession. They’re also likely to have an outsize impact…
The dollar is getting weaker. The US Dollar Index is down more than 8% since the start of the year, putting the currency at its lowest point in about three years.Uncertainty around President Donald Trump’s tariffs and fears of a looming recession have hurt the dollar.Here’s what smart people and…
A top London-based Goldman Sachs executive is planning to depart the UK in another blow to the City’s status.Richard Gnodde, who became the investment bank’s vice chair in January after many years running its international operations, is relocating to Milan, according to a person familiar with the matter.The move was…
