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Los Angeles (United States) (AFP) – Paramount Skydance has defended its attempt to buy the legendary Warner Bros. studio, in a letter to California’s top lawyer whose office is probing the $110 billion bid, US media reported Tuesday. The move comes amid growing calls for regulators to block the takeover, with creators in Hollywood fearing the highly leveraged buyout will mean...

Oakland (United States) (AFP) – Elon Musk was obsessed with trying to control OpenAI, the artificial intelligence company’s CEO Sam Altman said Tuesday at a blockbuster trial that saw him spar with lawyers representing the world’s wealthiest man. Altman is the latest in a parade of Silicon Valley megastars to take the stand in the case in which Musk is suing over OpenAI’s piv...

Washington (United States) (AFP) – A US federal appeals court on Tuesday temporarily paused a ruling declaring President Donald Trump’s global 10-percent tariffs illegal, granting a government request to suspend the decision pending appeal. Trump imposed the temporary 10-percent duty in February, shortly after the Supreme Court struck down many of his global tariffs. On May 7...

Washington (United States) (AFP) – Kevin Warsh, the incoming chair of the US Federal Reserve, will return to the central bank with an ambitious reform agenda and the looming threat of intimidation by the man who nominated him: US President Donald Trump. Warsh was confirmed to a 14-year term on the Fed’s board by the Senate on Tuesday, with a separate vote due to install him a...

Washington (United States) (AFP) – The US Senate on Tuesday confirmed Kevin Warsh as a governor on the board of the Federal Reserve, clearing the way for him to take the reins of the central bank later this week as the world’s largest economy faces inflation at a three-year-high. The Senate voted 51-45 to confirm Warsh’s appointment to the board for a 14-year term, with the r...