Mucinex Maker Bets $400 Million More on U.S. Supply Chain
Reckitt expands a North Carolina manufacturing plant and a New Jersey campus to meet shifts in consumer demand.
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OpenAI Considers Pre-IPO Funding Round at More Than $1.2 Trillion Valuation
The ChatGPT maker has had preliminary investor discussions about a new raise. It is likely to go public next year.
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TikTok Parent's Revenue Grows as AI Spending Pressures Profits
ByteDance's artificial-intelligence spending pressured profit in the first half of the year, but the TikTok parent's revenue accelerated as a U.S. regulatory overhang cleared, people familiar with the matter said.
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Mistral Aims to Grow AI Consumer Base Through Mozilla Partnership
Mistral said Mozilla would leverage its artificial-intelligence models to power Firefox's AI assistant, betting on a partnership with a browser provider known for its privacy and data protections to win over more users and expand its consumer base.
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How BlackRock Plans to Make the Corporate 401(k) Look More Like a Pension
The investment manager aims to overhaul target-date funds with more options for employers.
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Databricks Piles Investments Into Asia as Growth Accelerates
Analytics and artificial-intelligence software firm Databricks says its business in Asia is accelerating and plans to invest more in Singapore to tap regional demand.
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Trump Administration Shift Puts This Corner of Biotech Back in Favor
With the Food and Drug Administration's hard-liners gone, investors are rushing back into rare-disease bets.
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Apple Finally Built a Smarter Siri. It Still Hasn't Caught Up in the AI Race.
Siri finally works like a chatbot, but AI agent apps such as Instinct and Muse are stealing its thunder.
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EU Chief Reveals Plans for Curbing Children's Access to Social Media
The European Commission's president revealed details of a plan for a new EU-wide law curbing minors' access to social networks.
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Brookfield Agrees to $2.9 Billion Acquisition of Australia's Reliance
The plumbing-supplies manufacturer said Brookfield firmed its US$3.38-a-share proposal after four weeks of exclusive due diligence.
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Europe's Most Valuable Startup Gave Data to a Scammer. Now It Faces a Shakedown.
Digital bank Revolut handed hundreds of its customers' data to someone posing as a government agency.
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AWS Says It Can't Restore Some Data From Mideast Facilities Struck by Iran
Amazon's announcement is the first indication that some data stored exclusively in Bahrain and the U.A.E could be gone forever.
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Restaurant Stocks Slide as Oil, Inflation and Consumer Worries Pile Up
Rising oil prices and a 10-year Treasury yield climbing to around 5% have raised concerns about consumer spending and restaurant operating costs.