PRESS DIGEST-New York Times business news - February 19

Reuters
6 hours ago
PRESS DIGEST-New York Times business news - February 19

Feb 19 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Saudi Arabia-backed artificial intelligence firm Humain has invested $3 billion in Elon Musk's xAI just before the startup was acquired by SpaceX, becoming a significant minority shareholder in the combined company.

- Etsy ETSY.N has agreed to sell Depop, a secondhand fashion app popular with Gen Z, to eBay EBAY.O for $1.2 billion in cash, as the online retailer refocuses on its core marketplace and eBay seeks to strengthen its appeal among younger shoppers.

- Meta META.O is preparing to spend $65 million this year to boost state politicians who are friendly to the artificial intelligence industry, beginning this week in Texas and Illinois.

- The U.S. Food and Drug Administration reversed its decision on Moderna's MRNA.O flu vaccine and has agreed to review it for possible approval.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10