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AMD chief says company ready to pay 15% tax on AI chip shipments to China

SAN FRANCISCO, Dec 4 (Reuters) - Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships ...
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Activist investor Elliott nears settlement with PepsiCo, WSJ reports

Dec 4 (Reuters) - Activist investor Elliott Management is close to striking a settlement agreement with PepsiCo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Details of the settlement could not be learned, according to the report. Elliott took ...
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CEOs see younger consumers driving growth amid tariffs, AI changes

NEW YORK, Dec 4 (Reuters) - Younger consumers are helping to drive growth in some consumer products despite higher prices from tariffs and other economic headwinds, while artificial intelligence boosts efficiencies and margins, several CEOs told Reuters on Thursday. Speaking at the Reuters NEXT conference ...
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Republican Rep. Darrell Issa to stay in California after flirting with US House run in Texas

LOS ANGELES (AP) - After flirting with the idea of leaving California to run for Congress in Texas, Republican Rep. Darrell Issa said Thursday he's staying put. "I can hold this seat. I'm not quitting on California and neither should anyone else," Issa, who represents ...
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US health department unveils strategy to expand its adoption of AI technology

NEW YORK (AP) - The U.S. Department of Health and Human Services on Thursday outlined a strategy to expand its use of artificial intelligence, building on the Trump administration's enthusiastic embrace of the rapidly advancing technology while raising questions about how health information would ...
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Estée Lauder driving growth with new brands, global focus

By Arriana McLymore and Jessica DiNapoli NEW YORK, Dec 4 (Reuters) - Global cosmetics maker Estée Lauder Companies is focused on expanding market share and growing sales by developing new brands and focusing on younger consumers worldwide, and customizing products to meet consumers' needs across ...
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Indexes end near flat, supported by Fed hopes but dragged by Amazon

By Chuck Mikolajczak Dec 4 (Reuters) - U.S. stocks closed near the unchanged mark on Thursday, as investors weighed a report on the labor market and other economic data, while equities drew support from elevated hopes for a Federal Reserve interest-rate cut next week. A 1.4% ...
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Senators unveil bill to keep Trump from easing curbs on AI chip sales to China

By Alexandra Alper WASHINGTON, Dec 4 (Reuters) - A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, on Thursday unveiled a bill that would block the Trump administration from loosening rules that restrict Beijing's access to artificial intelligence chips for 2.5 ...
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US Congress repeals Biden-era limits on oil and gas in Alaska refuge

Dec 4 (Reuters) - Congressional lawmakers on Thursday voted to repeal a Biden-era policy that limited the amount of land in an Alaska wildlife refuge that could be leased for oil and gas development. The U.S. Senate voted 49-45 to approve a resolution that revokes ...
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Stress of Houthi combat was a key factor in series of costly Navy mishaps, investigations show

WASHINGTON (AP) - New investigative reports into a series of high-profile and costly Navy mishaps during a U.S.-led campaign against Yemen's Houthi rebels reveal that the most intense running sea battle that the military service has faced since World War II took a toll ...
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Takeaways from the Navy’s investigations into 4 mishaps during Houthi campaign

WASHINGTON (AP) - The Navy on Thursday released investigative reports into four mishaps that all involve the aircraft carrier USS Harry S. Truman while it was dispatched to counterattacks on shipping by Yemen's Houthi rebels. The four reports cover a friendly fire incident in December ...
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Global shares and dollar higher as markets eye Fed rate cuts

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Dec 4 (Reuters) - Global shares and the dollar on Thursday were mostly higher as traders await a Fed interest rate cut. U.S. stocks finished mostly higher in a choppy trading session, with the benchmark S&P 500 and ...
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