Town Hall News

By Svea Herbst-Bayliss NEW YORK (Reuters) -Carl Icahn secured a seat on Thursday for one of his three nominees to the board of gene sequencing machine maker Illumina Inc, a partial victory for the activist investor who is struggling to defend his own company from a shortseller attack. Illumina said that only one of Icahn’s three board nominees, Andrew Teno, won enough shareholder votes for election, confirming an earlier Reuters […]

By Svea Herbst-Bayliss NEW YORK (Reuters) -Carl Icahn secured a seat on Thursday for one of his three nominees to the board of gene sequencing machine maker Illumina Inc, a partial victory for the activist investor who is struggling to defend his own company from a shortseller attack. Illumina said that only one of Icahn’s three board nominees, Andrew Teno, won enough shareholder votes for election, confirming an earlier Reuters […]

SYDNEY (Reuters) – A massive blaze gutted an abandoned hat factory in central Sydney and forced emergency services to evacuate people from nearby apartment buildings before firefighters brought the inferno under control, without any casualties reported. Over thirty firetrucks and 120 firefighters fought the fire in the seven-story building close to Sydney’s central railway station on Thursday afternoon, according to New South Wales Fire and Rescue Acting Commissioner Jeremy Fewtrell. […]

(Reuters) -Nvidia Corp on Thursday was set to break Tesla Inc’s streak of being the most traded stock by retail traders in every session since Nov. 4, according to J.P. Morgan data. Shares of Nvidia jumped 27%, approaching a $1 trillion market value, after the U.S. chip designer projected quarterly revenue more than 50% above estimates in a sign that Wall Street has grossly underestimated its role in powering the […]

By Mike Stone WASHINGTON (Reuters) – The United States plans to announce up to $300 million worth of military aid for Ukraine comprised mainly of ammunition, two official sources said on Thursday. The package could be announced as soon as Friday, but perhaps after the Memorial Day holiday weekend in the United States, said the sources, who spoke on condition of anonymity. The package was expected to contain more Guided […]

By Carien du Plessis HAMMANSKRAAL, South Africa (Reuters) – When a cholera outbreak was confirmed in Hammanskraal, just north of South Africa’s capital Pretoria, it was hardly a surprise to many of its residents queuing up for handouts of bottles of clean water and soap. “If you drink the (tap) water, your stomach is running,” Joyce Tshweau, 51, said, after braving the long line for the clean water meant to […]

By Karen Freifeld WASHINGTON (Reuters) – The head of the House Financial Services Committee on Thursday asked the Biden administration for details about its outbound investment proposal, including why investment restrictions would be more effective than export controls or sanctions. Republican U.S. Representative Patrick McHenry, whose panel has a wide remit over financial matters and is a key voice on potential investment restrictions on U.S. companies, called on Treasury Secretary […]

By Foo Yun Chee BRUSSELS (Reuters) -Twitter is likely to pull out from a voluntary EU code of practice to tackle disinformation, but the move does not mean it will quit Europe, an EU official said on Thursday. The European Commission beefed up the code last year, requiring companies to submit regular progress reports with data on how much advertising revenue they had averted from disinformation actors. New obligations include […]

By Josh Ye HONG KONG (Reuters) -Social media platform TikTok said on Thursday it is in the early stages of exploring a chatbot called “Tako” that can converse with users about short videos and help them discover content, and is conducting tests with select users in the Philippines. OpenAI, backed by Microsoft Corp, last year launched chatbot ChatGPT, offering arguably the most natural interaction to date. That triggered a race […]