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OpenAI is said to be thinking about taking legal action against Apple Inc. (AAPL), claiming that the iPhone rollout of ChatGPT hasn't met expectations, as reported by Bloomberg.

Anthropic Explains Claude's 'Go To Bed' Messages As Quirky AI Trait

May 15, 2026 16:29 ET claude 14052026 lt

Anthropic clarified that its Claude chatbot's habit of telling users to "get some sleep" or "go rest" is more of a quirky behavior than a built-in feature.

Starbucks Cutting 300 Corporate Jobs In The U.S. As Turnaround Efforts Progress

May 15, 2026 15:08 ET starbucks 14052026 lt

Starbucks Corp. (SBUX) has announced it will be cutting 300 corporate jobs in the U.S. and shutting down some regional support offices. This move is part of CEO Brian Niccol's ongoing efforts to turn the company around.

Kobay Technology Bhd. Q3 Profit Rises

May 18, 2026 06:41 ET Topstories2 30052024 lt

Kobay Technology Bhd. (6971.KL) released earnings for its third quarter that Increased, from last year The company's earnings came in at MYR14.08 million, or MYR0.044 per share. This compares with MYR0.71 million, or MYR0.0022 per share, last year. The company's revenue for the period rose 78.0%...

  • Sedania Innovator Berhad Bottom Line Rises In Q3 May 18, 2026 06:34 ET

    Sedania Innovator Berhad (0178.KL) announced a profit for its third quarter that Increased, from last year The company's earnings came in at MYR0.97 million, or MYR0.0024 per share. This compares with MYR0.14 million, or MYR0.0004 per share, last year. The company's revenue for the period fell...

  • Oriental Food Industries Holdings Berhad Bottom Line Declines In Q4 May 18, 2026 06:34 ET

    Oriental Food Industries Holdings Berhad (7107.KL) revealed a profit for fourth quarter that Dropped, from last year The company's earnings came in at MYR4.25 million, or MYR0.0177 per share. This compares with MYR10.35 million, or MYR0.0431 per share, last year. The company's revenue for the...

  • Sports Toto Berhad Announces Decline In Q3 Income May 18, 2026 06:30 ET

    Sports Toto Berhad (1562.KL) reported a profit for third quarter that Dropped, from last year The company's earnings totaled MYR59.10 million, or MYR0.0447 per share. This compares with MYR105.66 million, or MYR0.0791 per share, last year. The company's revenue for the period fell 20.6% to MYR1.515...

  • Pharmaniaga Berhad Q1 Sales Increase May 18, 2026 06:23 ET

    Pharmaniaga Berhad (7081.KL) announced earnings for first quarter of MYR31.47 million The company's earnings totaled MYR31.47 million, or MYR0.0048 per share. This compares with MYR29.58 million, or MYR0.0205 per share, last year. The company's revenue for the period rose 11.7% to MYR1.178 billion...

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Baidu Q1 Earnings Down On Weak Revenues, Sees Higher AI Demand Ahead; Stock Up In Pre-market

May 18, 2026 05:59 ET rttnewslogo20mar2024 lt

Baidu.com Inc. (BIDU), a Chinese AI and internet company, reported Monday lower profit in first quarter hurt by weak revenues. Looking ahead, Robin Li, Co-founder and CEO of Baidu, said, "We see AI driving even greater value for Baidu in the quarters ahead." In pre-market activity on Nasdaq, the...

Global Economics Weekly Update: May 11 – May 15, 2026

May 15, 2026 15:25 ET
Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.

Philips To Deliver Hospital-at-Home Technology For 15,000 Patients In Stockholm

May 18, 2026 04:58 ET biotech1 18042024 lt

Royal Philips (PHG) announced that a consortium led by the company has been selected to support Region Stockholm's first region-wide hospital-at-home initiative. The program, awarded through a tender led by Karolinska University Hospital, will enable hospital-level care to be delivered in patients' homes for up to 15,000 patients annually.

  • Nanobiotix Phase 2 Lung Cancer Trial Shows 85.7% Response Rate May 18, 2026 04:31 ET

    Nanobiotix S.A. (NBTX) has presented Part 1 data from its randomized Phase 2 CONVERGE study at the 2026 European Society for Radiotherapy and Oncology (ESTRO) meeting. The trial, sponsored by Johnson & Johnson, is evaluating JNJ-1900 (NBTXR3), a nanoparticle-based radioenhancer, in patients with stage III inoperable non-small cell lung cancer (NSCLC).

  • Novartis' Pluvicto Shows Lower Risk Of PSA Progression In Phase 3 PSMAddition Trial For MHSPC May 18, 2026 03:08 ET

    Novartis (NVS) announced new data from the Phase III PSMAddition trial demonstrating improved prostate-specific antigen (PSA) responses with Pluvicto combined with standard of care (SoC) in PSMA-positive metastatic hormone-sensitive prostate cancer (mHSPC). Data were presented as a rapid oral presentation...

  • Regeneron's Melanoma Trial Update; Shares Slip 6% May 18, 2026 03:03 ET

    Regeneron Pharmaceuticals, Inc. (REGN) on Friday announced results from its Phase 3 trial evaluating Fianlimab, a LAG-3 inhibitor studied in combination with Cemiplimab for first-line unresectable or metastatic melanoma who have not received prior systemic therapy.

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Baidu Q1 Earnings Down On Weak Revenues, Sees Higher AI Demand Ahead; Stock Up In Pre-market

May 18, 2026 05:59 ET earnings1 30052024 lt

Baidu.com Inc. (BIDU), a Chinese AI and internet company, reported Monday lower profit in first quarter hurt by weak revenues. Looking ahead, Robin Li, Co-founder and CEO of Baidu, said, "We see AI driving even greater value for Baidu in the quarters ahead." In pre-market activity on Nasdaq, the...

Italy Trade Surplus Remains Steady In March

May 18, 2026 04:38 ET economy2 30052024 lt

Italy's foreign trade surplus stayed unchanged at the end of the first quarter. The trade balance showed a surplus of EUR 4.71 billion in March, the same as in the corresponding month last year. The surplus decreased from EUR 4.98 billion in February. Exports climbed 7.4 percent annually in March, and imports were 8.0 percent higher.

  • Turkey Consumer Confidence Rises In May May 18, 2026 03:45 ET

    Households in Turkey remained slightly less pessimistic in May. The consumer confidence index rose to 85.8 in May from 85.5 in April. Nonetheless, a score below 100 indicates a pessimistic outlook. The financial situation expectation of households over the next year improved, with the corresponding index rising to 87.9 from 87.5.

  • Thai GDP Growth Beats Expectations May 18, 2026 03:35 ET

    Thailand's economy grew more than expected in the first quarter, underpinned by resilient domestic demand and strong exports, while regional peers reported weaker growth due to the impact of the war in the Middle East. Gross domestic product logged an annual growth of 2.8 percent in the first quarter, the National Economic and Social Development Council said Monday.

  • China Industrial Output, Retail Sales Rise Less Than Forecast May 18, 2026 01:05 ET

    China's industrial production and retail sales logged weaker-than-expected growth in April, official data revealed Monday. Industrial production rose 4.1 percent in April from the last year, the National Bureau of Statistics reported. The growth fell short of the expected rise of 6.0 percent and remained...

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Brookfield Corp. Q1 26 Earnings Conference Call At 10:00 AM ET

May 14, 2026 09:04 ET rttnewslogo20mar2024 lt

Brookfield Corporation (BN) will host a conference call at 10:00 AM ET on May 14, 2026, to discuss Q1 26 earnings results. To access the live webcast, log on to https://edge.media-server.com/mmc/p/54uecjeu/

Abrdn European Logistics Divests Ede Warehouse In Netherlands For EUR 23.5 Mln

May 18, 2026 05:42 ET rttnewslogo20mar2024 lt

Abrdn European Logistics Income Plc (ASLI.L), a British real estate investment trust, said on Monday that it has completed the sale of its warehouse in Ede, Netherlands, as part of its shareholder-approved wind-down process. The company said that the 39,569 square metre freehold warehouse, which is...

AI Chipmaker Cerebras Launches IPO; Aims For $26.6 Bln Valuation

May 04, 2026 13:55 ET rttnewslogo20mar2024 lt

AI chipmaker Cerebras Systems announced it has launched its initial public offering, aiming to raise up to $3.5 billion. The company plans to offer 28 million shares priced between $115 and $125 each. It also expects to grant underwriters a 30-day option to purchase up to an additional 4.2 million...

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