Business news

Business news • May 12

Trump Delays Move to Lower Tariffs on Beef Imports

The administration was set to suspend tariff-rate quotas on all beef-exporting nations; beef prices have climbed steadily since Trump took office.

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Business news • May 12

In turf battle over AI, U.S. spy agencies vie for more sway than Commerce

As the White House grapples with cybersecurity threats from advanced artificial intelligence models, national security officials want more sway in AI...

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Business news • May 12

Byron Allen strikes deal to buy controlling stake in BuzzFeed and become CEO

Byron Allen, a media entrepreneur known for aggressively trying to roll up various media assets, on Monday announced a deal to buy a majority stake in...

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Business news • May 12

OpenAI co-founder and Microsoft CEO testify in Elon Musk v OpenAI trial

OpenAI co-founder Ilya Sutskever and Microsoft CEO Satya Nadella were among the billionaires to testify in Elon Musk's lawsuit about the control of the...

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Business news • May 12

Andrew Morse to step down, Paul Curran named AJC president and publisher

Cox Enterprises names Paul Curran president and publisher of The Atlanta Journal-Constitution to sustain its journalism and continue digital transformation.

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Business news • May 11

Byron Allen to buy majority stake in BuzzFeed for $120 million, shares nearly triple

BuzzFeed said on Monday media entrepreneur Byron Allen will take over as the digital media company's next CEO ​after he entered into a deal to buy a ‌stake...

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Business news • May 11

Netflix sued by Texas AG for alleged surveillance, addictive features

Texas sued Netflix on Monday for allegedly tracking, collecting and profiting from data produced by children and other customers without their knowledge.

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Business news • May 11

OpenAI just released its answer to Claude Mythos

OpenAI Daybreak uses its cyber AI models and Codex to detect and patch vulnerabilities, similar to Claude Mythos.

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Business news • May 11

GM just laid off hundreds of IT workers to hire those with stronger AI skills

General Motors has laid off more than 10% of its IT department, or about 600 salaried employees — in a deliberate skills swap: clearing out workers whose...

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Business news • May 11

Byron Allen wanted to own Paramount. He's buying BuzzFeed instead.

BuzzFeed was supposed to be the future of media. But that future wasn't supposed to be a last-ditch sale.

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Business news • May 11

Forget the AI job apocalypse. AI’s real threat is worker control and surveillance

The real danger that artificial intelligence poses to work is not just job loss – it is the growing divide between people who use AI to extend their skills...

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Business news • May 11

Byron Allen Is Buying a Controlling Stake in BuzzFeed

Byron Allen, the comedian turned entrepreneur, is buying a controlling stake in BuzzFeed, the digital media company that pioneered virality on the internet.

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Business news • May 11

BuzzFeed sold to Byron Allen, who will take over as CEO in $120m deal

Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with 'significant' cost cuts to come.

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Business news • May 11

Stock market today: Dow, S&P 500, Nasdaq futures edge up as Wall Street braces for CPI report

US stock futures rose as Wall Street awaited April's inflation report, which is expected to provide clues about how the war in Iran is affecting the economy...

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Business news • May 11

Byron Allen to Acquire Majority Stake in BuzzFeed for $120 Million

Allen will become CEO, while founder Jonah Peretti will transition to role as president of BuzzFeed AI.

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Business news • May 11

Byron Allen to Buy BuzzFeed In $120 Million Deal, Will Take Over As CEO

Byron Allen has snapped up the struggling millennial media company BuzzFeed and will take a majority stake.

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Business news • May 11

I Sat In The New Audi Q9—It Raises The Bar For Audi Interiors

Audi enters a new era with a fresh flagship: the 2027 Q9 SUV. You'll need to wait a bit longer to learn all the details on this full-size luxury family...

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Business news • May 11

Breakingviews - Chinese cars on US roads is matter of when, not if

Tariffs and ​lawmaker ire keep ​BYD, CATL and others largely ⁠locked out of ​the world's second-largest autos ​market. But US factories would bring jobs and...

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Business news • May 11

'Big Short' investor Michael Burry says the market has 'jumped the shark' — what he says investors are getting wrong

Michael Burry, the investor who accurately called the U.S. housing crash in 2008, is not feeling good about the state of the stock market these days.

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Business news • May 11

GM cutting up to 600 white-collar jobs, even as it seeks tech talent

The Detroit automaker is cutting tech jobs that are no longer needed. But it aims to hire tech-savvy workers skilled in artificial intelligence.

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