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WASHINGTON (AP) — Acting Attorney General Todd Blanche is set to return to Capitol Hill on Tuesday after the Trump administration signaled it was pausing contentious plans to move forward with a nearly $1.8 billion fund that could compensate allies of President Donald Trump who believe they have been unjustly investigated and prosecuted. The hearing before the House Appropriations Committee was scheduled for discussion of the Justice Department’s budget, but […]

By Akash Sriram NEW YORK, June 2 (Reuters) – Impulse Space, a startup building spacecraft that can ferry satellites and other payloads around in orbit after launch, said on Tuesday it has raised $500 million in a Series D funding round.  The funding round values the company at $4.26 billion, according to a person familiar with the matter. The company was founded by Tom Mueller, SpaceX’s first employee and the […]

By Stephen Nellis SAN FRANCISCO, June 2 (Reuters) – Micron Technology’s march toward a $1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion. That surge, though, was not built on its famed frugality, but on a nearly too-late push from Nvidia that pulled the U.S. memory chipmaker into the center of the AI boom. For decades, the Idaho-based company survived by […]

By Greg Bensinger SAN FRANCISCO, June 2 (Reuters) – Amazon was sued on Monday by a Virginia resident over what he said were privacy violations after the company’s Ring doorbell cameras at friends and family members’ homes collected and stored images of his face using facial recognition software. The plaintiff, Charles Sigwalt, who is seeking class-action status, sued Amazon in federal court in Seattle alleging a feature known as “Familiar […]

June 2 (Reuters) – Meta is expanding its content settings for teen accounts on Instagram, Facebook and Messenger globally to ensure age-appropriate experiences for younger users, it said on Tuesday, as social media platforms face growing scrutiny about child health and safety. The initiative, initially launched in select countries last October, sought to prevent children from accessing inappropriate content. Meta also announced a new feature on Instagram designed to diversify […]

By Arasu Kannagi Basil June 2 (Reuters) – Forbright, founded by former U.S. Representative John Delaney, is targeting a valuation of up to $993.8 million in its U.S. initial public offering, as a strong run of ‌new listings by U.S. banks extends into 2026. Chevy Chase, Maryland-based Forbright is seeking to raise up to $158 million by offering 7.9 million shares priced between $18 and $20 apiece, it said on […]

KAMPALA, June 2 (Reuters) – Uganda has confirmed six more new cases of Ebola, bringing the total confirmed in the country so far to 15, the health ministry said on Tuesday. The ministry said in a statement on its X account that the six were confirmed among contacts of other confirmed cases. It said to date there were two discharges from hospital, with 12 people admitted and one death. (Reporting […]

June 2 (Reuters) – Philip Morris cut its annual profit forecast on Tuesday, with CEO Jacek Olczak citing margin pressure due to higher energy costs from the Iran conflict and currency swings, at a time when consumers rein in spending. Olczak, speaking at the Deutsche Bank global consumer conference, said recent U.S. FDA moves to relax enforcement on unauthorized vaping and nicotine pouches was a “net positive,” and reduces regulatory […]

BEIRUT (AP) — Israeli drone strikes on southern Lebanon on Tuesday killed eight people, including a father and his son and daughter, a day after U.S. President Donald Trump said Israel and Hezbollah agreed to dial back fighting. Israel threatened on Monday to strike Beirut’s southern suburbs, causing panic in the Lebanese capital as thousands fled to safer areas and Hezbollah fired rockets at northern Israel. Israeli forces recently made […]