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Author: admin (Kendrick Williams)
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SPOTLIGHT: BIGS GETTING BIGGER
Dealmakers are not waiting for Donald Trump’s policies of tax cuts and relaxed regulation to come into effect.
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CAR MARKET UPSET: BYD SETS SALES RECORD, TESLA SLUMPS
BYD, China’s premiere maker of hybrid and electric vehicles (EVs), saw its sales rocket up 58 percent in this year’s first quarter, the company said. Sales of pure EVs rose 39 percent.
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OPEC+ WILL BOOST OUTPUT IN MAY AS OIL PRICES TANK
Meeting on 4 April, two days after Donald Trump announced his tariff war, ministers from eight member countries of the Organization of Petroleum Exporting Countries and their allies (OPEC+) agreed to increase oil production by 411,000 barrels a day beginning next month.
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AI DRUG DESIGN FIRM RAISES $600 MILLION
Isomorphic Labs, a spinout of Google’s DeepMind AI development arm, has raised $600 million in its initial funding round outside of the company.
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MICROSOFT HALTS DATA CENTER PROJECTS IN FOUR COUNTRIES
Microsoft has paused or scrapped data center construction projects in Australia, Indonesia, the U.K., and the U.S. states of Illinois, North Dakota, and Wisconsin.
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OPENAI IS NOW AMONG THE WORLD’S MOST VALUABLE COMPANIES
OpenAI has closed a $40-billion funding round, the most money ever raised in one round by a tech company.
