Read more about the article World’s First Major AI Law Takes Effect: Implications for U.S. Tech Giants
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World’s First Major AI Law Takes Effect: Implications for U.S. Tech Giants

The European Union’s groundbreaking Artificial Intelligence (AI) Act officially takes effect today, marking a significant regulatory shift for American technology giants. The AI Act, finalized in May after approval from…

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Read more about the article Société Générale to Divest UK and Swiss Private Banking Units for €900 Million
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Société Générale to Divest UK and Swiss Private Banking Units for €900 Million

France's Société Générale has agreed to divest its British and Swiss private banking operations to Union Bancaire Privée (UBP) for €900 million. This transaction is part of CEO Slawomir Krupa's…

Continue ReadingSociété Générale to Divest UK and Swiss Private Banking Units for €900 Million

The FDA has Granted Approval to Pfizer for its Inaugural Gene Therapy Targeting a Rare Hereditary Bleeding Disorder

The Food and Drug Administration (FDA) announced its approval of Pfizer's treatment for a rare genetic bleeding disorder, marking the company's first gene therapy to gain clearance in the U.S.…

Continue ReadingThe FDA has Granted Approval to Pfizer for its Inaugural Gene Therapy Targeting a Rare Hereditary Bleeding Disorder

Elliott Management has acquired a significant stake of approximately $1 billion in Anglo American amid the miner’s encounter with takeover interest

Elliott Management has amassed a stake of approximately $1 billion in miner Anglo American over recent months. Elliott Advisors, the activist's U.K. division, stated in a regulatory filing on Friday…

Continue ReadingElliott Management has acquired a significant stake of approximately $1 billion in Anglo American amid the miner’s encounter with takeover interest

Coca-Cola Exceeds Earnings Expectations and Raises its Revenue Forecast Due to Increased Pricing

Coca-Cola announced quarterly earnings and revenue that surpassed analysts' predictions and an upward revision of its full-year organic revenue outlook. The company's shares dipped slightly by less than 1% in…

Continue ReadingCoca-Cola Exceeds Earnings Expectations and Raises its Revenue Forecast Due to Increased Pricing