A rare win for the health insurance lobby
Category: Business
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Stocks maintain gains after whipsawing as traders digest war updates
Stocks rose for the fourth-consecutive session as traders vacillated between hopes for a ceasefire and fears of an escalation.
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Report: Some of Meta’s new AI models will eventually be open source
Meta is racing to catch up to competitors after spending hundreds of millions assembling an all-star team of AI researchers. The new models will be the first since Meta hired Scale.AI’s Alexandr Wang.
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Netflix launches gaming app for children 8 and under
Netflix is refocusing its gaming efforts away from indies and toward family-friendly titles.
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OpenAI’s plan for an AGI world: AI for all and a 4-day work week
The company’s policy paper calls for a new social contract that includes AI at the center of everything, which could lower costs and create cures for diseases, but also warned it may upend the public safety…
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Ethereum outpaces crypto rivals after breaking 6-month losing streak
Meanwhile, BitMine added 71,252 tokens worth $154 million to its stockpile, the highest buying pace since December.
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Iran war winners Dow, LyondellBasell downgraded by Bank of America
BofA analysts think this year’s war-related surge for petrochemical prices likely won’t last.
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Median house price in San Francisco hits $2.15 million
The AI boom is pushing San Francisco housing prices to dizzying heights.
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Strategy reports more than $14 billion unrealized loss as bitcoin remains stuck in tight range
Bitcoin managed to briefly cross $70,000 for the first time in April, but it couldn’t hold the line.
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Report: OpenAI on track to burn $85 billion in 2028, expects profitability by 2030
As they race toward an IPO, OpenAI and Anthropic project staggering losses through the end of the decade, according to financials seen by The Wall Street Journal.
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BNY and Robinhood to run “Trump accounts”
So-called “Trump accounts” were part of the One Big Beautiful Bill Act, which sees the government contribute $1,000 toward an investment account for each child born in 2025 through 2028.
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Memory stocks forget TurboQuant and remember how to rally
With Monday’s early gains, US memory stocks (ex Micron) have now recovered all their post-TurboQuant declines.
