Meta names former Trump advisor Dina Powell McCormick as president, vice chair

Meta names former Trump advisor Dina Powell McCormick as president, vice chair

Dina Powell McCormick, vice chair of BDT and MSD Partners, at the Qatar Economic Forum (QEF) in Doha, Qatar, on Wednesday, May 15, 2024. Christopher Pike | Bloomberg | Getty Images Meta on Monday announced it has appointed Dina Powell McCormick as its president and vice chairman. Powell McCormick joined Meta’s board in April but resigned in December, according to a filing…

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Trump gives oil industry what it wants; hurts solar and wind

Trump gives oil industry what it wants; hurts solar and wind

President Donald Trump’s One Big Beautiful Bill Act ends long-standing federal support for solar and wind power, while creating a friendly environment for oil, gas and coal production. The House of Representatives passed Trump’s megabill Thursday ahead of a White House-imposed deadline, after the Senate narrowly approved the controversial legislation Tuesday. Trump has made his…

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How to trade this Latin American rival to Amazon that reports earnings Tuesday

How to trade this Latin American rival to Amazon that reports earnings Tuesday

MercadoLibre stands as the preeminent e-commerce and fintech ecosystem in Latin America. Headquartered in Uruguay and operating across 18 countries, the company functions as the region’s leading online marketplace, integrated payments platform (Mercado Pago), logistics network and advertising solutions provider. Serving more than 94 million users, MercadoLibre drives the shift from offline to digital commerce…

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Judge signals Musk’s xAI may lose lawsuit accusing Altman’s OpenAI of stealing trade secrets

Judge signals Musk’s xAI may lose lawsuit accusing Altman’s OpenAI of stealing trade secrets

Sam Altman, CEO of OpenAI (L) and Elon Musk, CEO of Tesla. Reuters A federal judge signaled on Friday she may dismiss a ‍lawsuit by Elon Musk’s ‍artificial intelligence startup xAI ‍accusing Sam Altman’s rival OpenAI of stealing trade secrets to gain an unfair advantage in developing AI technology. U.S. District Judge Rita Lin in…

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Qatar Airways sells entire Cathay Pacific stake for 7 million

Qatar Airways sells entire Cathay Pacific stake for $897 million

Qatar Airways logo is seen on a plane model. Nurphoto | Nurphoto | Getty Images State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways for about $897 million (HK$6.97 billion), marking its complete exit from Hong Kong’s flagship airline after eight years. Cathay said late on Wednesday that the Doha-based carrier had approached it about selling its entire 9.7% stake, and it would repurchase the shareholding…

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