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Topic: Politics (3460)

Russian prosecutors have filed a lawsuit against the U.S. owner of canned food maker Glavprodukt, which was seized by Moscow in October, accusing him of illegally withdrawing around $15.5 million from Russia over the last two years. The General Prosecutor's lawsuit was filed on March 5 and contained no details beyond naming the defendants as Smirnov, who is a U.S. citizen, Universal Beverages and other companies. Glavprodukt is a subsidiary of Universal Beverages, which is owned by Smirnov.

In February, Alphabet's stock experienced a significant decline of 17%, primarily due to weaker-than-expected revenue reported in its fourth-quarter earnings, which raised concerns about its market competitiveness against rivals like Meta Platforms. The company's plans to substantially increase capital expenditures for AI investments met skepticism from investors, as the immediate impact on revenue generation remains uncertain. Additionally, broader market sell-offs and macroeconomic factors, including job cuts in its cloud division, contributed to the stock's downward trajectory.

A U.S. federal judge has refused to allow compounding pharmacies to keep making copies of Eli Lilly's popular weight-loss and diabetes drugs Zepbound and Mounjaro in the United States. The decision was filed late on Wednesday in response to an October lawsuit from a compounding industry group against the U.S. Food and Drug Administration's decision last year that there was no longer a shortage of the medicines' active ingredient, tirzepatide. Compounders had been allowed to produce hundreds of thousands of doses of copies of obesity drugs only while the FDA said there was a shortage of them.

The Dow Jones Industrial Average plummeted 1.3% and the S&P 500 dropped over 2%, with the Nasdaq Composite falling close to 3%, due to concerns over Trump's shifting tariff policy and worries about the economy. Investors are grappling with uncertainty surrounding tariffs on Mexico, Canada, and other countries, leading to a market correction if the losses hold. The tech-heavy Nasdaq is now more than 10% off its December record high.

The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners, resulting in a significant increase in imports and a widening gap in the goods and services trade. The gap in goods and services trade widened 34% from the prior month to $131.4 billion, with imports rising 10% to a record $401.2 billion and exports increasing only 1.2%. This surge in imports may have implications for the country's economic growth and production capacity.

Eli Lilly and Company has experienced significant share price fluctuations in recent months due to various headlines and policy changes, including the appointment of RFK Jr. as head of the U.S. Department of Health and Human Services. Despite this, the company's GLP-1 revenue growth has been excellent, with a 32% increase in 2024 compared to 2023. However, some investors have expressed concerns about the impact of these events on Eli Lilly's stock performance.

The case before US District Judge Amir Ali represents an early test of the legality of Trump's aggressive moves since returning to the presidency in January to assert power over federal spending, including funding approved by Congress. The Supreme Court's 6-3 decision to uphold Ali's emergency order for the administration to promptly release funding to contractors and recipients of grants has given plaintiffs a new lease on life. However, despite the Supreme Court's action, the future of the funding remains unclear.

A seller on Reddit shared how their "dream home" deal collapsed after the buyers pulled their offer for an unusual reasonβ€”one bad interaction with a neighbor's 6-year-old. The original poster explained that they received an offer on their home, which was only two years old, but ultimately lost out due to concerns about another potentially difficult neighbor situation. Despite efforts to reassure the buyers, including speaking with the neighbors and offering to address any issues, the deal fell through.

US retailers are walking a tightrope between publicly scrapping diversity, equity and inclusion programs to avoid potential legal risks while maintaining certain efforts behind the scenes. Despite public rollbacks of DEI initiatives, companies continue to offer financial support for some LGBTQ+ Pride and racial justice events. Retailers have also assured advocacy groups that they will provide internal support for resource groups for underrepresented employees.

BJ’s Wholesale Club Holdings, Inc (NYSE:BJ) shares are trading higher in premarket on Thursday after the fourth-quarter earnings. The company reported a fourth-quarter revenue decline of 1.4% year-on-year to $5.28 billion, beating the analyst consensus estimate of $5.27 billion.Total comparable club sales increased by 4%, with digitally enabled comparable sales climbing 26%.Membership fee income increased by 7.9% to $117 million.Selling, general and administrative expenses increased 2.3% to $758.2 million.

Dell has unveiled its Pro 34 Plus USB-C hub monitor, featuring a 34.1-inch WQHD IPS panel with a 100 Hz refresh rate, aimed at enhancing productivity for users. The monitor includes a variety of connectivity options, such as front-facing USB-C and USB-A ports, as well as a built-in hub designed for easy access. With a focus on eye comfort and color accuracy, the Pro 34 Plus is positioned as an ideal choice for tasks like photo editing and multimedia consumption.

U.S. President Donald Trump plans to sign additional executive orders at 2 p.m./1900 GMT on Thursday, the White House said, amid speculation about potential policy changes that could shape the country's education landscape. The new directives are expected to address pressing issues facing the nation, although details remain scarce. Trump's executive orders have historically had a significant impact on U.S. policy and governance.

The former President's secret talks with opposition politicians and civil society members have raised concerns about the potential for a power struggle in the country. Kabila's harsh criticism of current President Felix Tshisekedi in private has soured their relationship, leaving many wondering about the future of the fragile peace process. As Rwanda-backed rebels seize territory in the east, the stage is set for a potentially explosive confrontation between Kabila and his successors.

Valerii Zaluzhnyi's comments come amid an apparent cooling of tensions between Kyiv and Washington. The Ukrainian envoy has expressed discontent over the US's actions, stating that the White House is "questioning the unity of the whole Western world". His remarks at a conference suggest that there remains tension surrounding the US's change in posture towards Russia.

Cortical Labs has unveiled a groundbreaking biological computer that uses lab-grown human neurons with silicon-based computing. The CL1 system is designed for artificial intelligence and machine learning applications, allowing for improved efficiency in tasks such as pattern recognition and decision-making. As this technology advances, concerns about the use of human-derived brain cells in technology are being reexamined.

NASA is implementing power-saving measures to extend the operational lifespan of the Voyager spacecraft, which have been exploring interstellar space for 47 years. As their nuclear batteries deplete, engineers are shutting down scientific instruments to conserve energy, with the aim of keeping at least one instrument operational into the 2030s. The ongoing efforts reflect the agency's commitment to maximizing the scientific return from these historic probes, which have far outlived their original five-year mission.

Qualcomm envisions a future where AI agents replace traditional apps, acting as personal assistants capable of managing tasks across devices, such as buying concert tickets while driving. The rise of these AI agents raises concerns about user privacy and the potential obsolescence of the app ecosystem, which has evolved significantly over the last decade. Despite Qualcomm's optimism regarding the capabilities of AI agents, skepticism remains about their widespread acceptance and the implications for app developers and users alike.

JD.com Inc. posted its fastest revenue growth in almost three years after Beijing policies helped shore up consumer spending across the world's No. 2 economy, with sales rising by 13% to 347 billion yuan ($47.9 billion) for the December quarter. The company's strong results follow Alibaba's better-than-anticipated numbers last month, underpinning a more buoyant mood among Chinese tech companies after Beijing signaled renewed support for the private sector. Longer-term, JD is considered among the prime beneficiaries of Beijing's shift to consumption-led growth, a major change in policy driven in part by global macroeconomic uncertainty.

Eutelsat's shares have surged nearly 650% over four days, driven by a rally reminiscent of the Gamestop phenomenon, largely fueled by retail traders targeting this heavily shorted stock. The surge in stock price has been linked to speculation that Eutelsat could replace Starlink in providing internet access to Ukraine, igniting a fresh wave of investor interest. Despite this meteoric rise, analysts caution that the fundamental challenges facing Eutelsat remain, including significant investment needs and a recent downgrade in its credit rating.

Macy's has reported a fourth-quarter adjusted earnings per share of $1.80, beating analysts' estimates of $1.54, but same-store sales only grew 0.2%, missing the Street's estimate of 1.23% growth. The company's full-year revenue projection of $21 billion to $21.4 billion is below last year's $22.29 billion and misses estimates of $21.66 billion. Investors will be closely watching guidance and earnings call commentary as tariff concerns loom.

Despite President Trump's recent call for the repeal of the CHIPS Act, many Republican senators have expressed reluctance to undo the legislation, which has garnered significant bipartisan support since its passage in 2022. The CHIPS Act has already spurred substantial investments in the U.S. semiconductor industry, with key lawmakers recognizing its role in strengthening supply chains and national security. As legislative priorities shift, the political feasibility of repealing the act appears limited, given the challenges associated with unraveling its established economic impacts.

Shazam has introduced a useful update that enhances its integration with Spotify and Apple Music by allowing users to automatically add identified songs to a dedicated playlist titled 'My Shazam Tracks.' This feature, available in Shazam version 18.9, enables songs recognized through various methods, including Siri and the Control Center, to sync directly to users' music accounts. The update reflects Shazam's evolution beyond mere song recognition, streamlining the listening experience for users of major streaming platforms.

America's farmers are once again facing economic uncertainty as Donald Trump ramps up his new trade wars, with potential tariffs on Canadian and Mexican goods that could raise food prices and impact rural economies. The agriculture sector has been at the center of global trade tensions, with some signs that the Trump administration may be considering exemptions for certain agricultural products from new tariffs. This move would come amid a partial replay of Trump's 2018-2019 trade fights, which had a significant impact on US farmers and led to billions of dollars in government assistance.

US stock futures are declining as investors react to disappointing earnings from major companies like Marvell and Macy's, coupled with ongoing uncertainties surrounding President Trump's tariff policies. The Dow Jones Industrial Average, S&P 500, and Nasdaq are all experiencing downward pressure, particularly in the tech sector, where concerns about AI growth are exacerbated by a recent influx of cheaper Chinese AI models. As the market grapples with these challenges, a crucial jobs report looms, raising questions about the broader economic outlook.

DuckDuckGo's recent development of its AI-generated search tool, dubbed DuckDuckAI, marks a significant step forward for the company in enhancing user experience and providing more concise responses to queries. The AI-powered chatbot, now out of beta, will integrate web search within its conversational interface, allowing users to seamlessly switch between the two options. This move aims to provide a more flexible and personalized experience for users, while maintaining DuckDuckGo's commitment to privacy.

A federal judge on Wednesday dismissed a lawsuit against Intel, which accused the company and its management of hiding financial troubles of its semiconductor manufacturing division in 2023. The U.S. District Judge Trina Thompson in San Francisco ruled that plaintiffs failed to present evidence that Intel and its executives committed any wrongdoing. The case was dismissed without prejudice, meaning the plaintiffs can file an amended complaint with stronger evidence.

U.S. stock futures saw significant declines following disappointing earnings from Marvell Technology, which raised concerns about future growth in the AI sector. The Dow Jones, S&P 500, and Nasdaq all experienced losses as investors reacted to Trump's fluctuating tariff policies and broader economic anxieties. This downturn illustrates the fragility of market sentiments tied closely to tech performance and geopolitical factors.

A man accused of aiding the Kabul airport bombing has been charged in a US court, with Mohammad Sharifullah facing a maximum penalty of life in prison for providing support to a foreign terrorist organization that resulted in death. The charges were announced amid intense criticism of then-President Joe Biden following the attack that killed at least 170 Afghans and 13 US service members. Sharifullah's arrest was welcomed by some US officials, including Attorney General Pamela Bondi, who praised President Trump for his leadership.

Taiwan Semiconductor Manufacturing Company (TSMC) continues to assert its dominance in the semiconductor industry, leveraging its position to attract investment despite geopolitical tensions. The company has committed $100 billion to U.S. manufacturing and R&D, enhancing its global supply-chain security while catering to its American clientele, including major tech firms. As TSMC diversifies its operations beyond Taiwan, it not only mitigates risks but also fosters closer collaboration with U.S. partners, positioning itself favorably for future growth.

Layoffs announced by US-employers jumped to levels not seen since the last two recessions amid mass federal government job cuts, canceled contracts, and fears of trade wars. The Department of Government Efficiency (DOGE) is wielding the axe on public spending, an exercise that has resulted in funding freezes, deep spending cuts, and the purging of thousands of federal government workers. The resulting job losses are having a ripple effect across the economy.

Canadian oil faces 10% tariff, less than for other imports; Canadian crude discount widens. The Republican president said on Monday that all imports of Canadian and Mexican goods would be subject to a 25% tariff, except Canadian energy, which will only be charged a 10% duty. This move reflects the two countries' energy interdependence, with Canada providing half of U.S. crude imports.

The Home Assistant 2025.3 release has arrived with a series of new features and improvements to dashboards. This latest update from the company builds upon its recent releases, focusing on enhancements for users to view and manage their smart home more efficiently. The new dashboard features are designed to provide a better user experience, making it easier to interact with devices and access information.

Cybersecurity experts have successfully disrupted the BadBox 2.0 botnet, which had compromised over 500,000 low-cost Android devices by removing numerous malicious apps from the Play Store and sinkholing multiple communication domains. This malware, primarily affecting off-brand devices manufactured in mainland China, has been linked to various forms of cybercrime, including ad fraud and credential stuffing. Despite the disruption, the infected devices remain compromised, raising concerns about the broader implications for consumers using uncertified technology.

The latest shipment of diesel from Russia to Syria via a tanker under U.S. sanctions marks the first direct supply to the Middle Eastern country in over a decade, highlighting the complex web of international relations and sanctions in place. The delivery is set to bolster Russia's military presence in Syria, where it has two main installations that are under threat following the sudden fall of Bashar al-Assad last year. As U.S. sanctions on Russia aim to limit revenues from its oil and gas industry, this shipment raises questions about the effectiveness of these measures.

ProtoArc's CaseUp combo packs a full-sized wireless keyboard, mouse, and laptop stand into a sleek, travel-friendly case. The ease of use and transport make this a solid option for improving your hybrid and remote work setup, offering an instant connection to laptops with no re-pairing or fiddling with settings. Additionally, the tri-fold design allows for comfortable key travel that lasts for months on a full charge.

Investors seeking growth stocks at attractive valuations can consider Carnival Corp., Baidu, and PayPal Holdings, all of which are currently trading at low price-to-earnings multiples. Carnival Corp. is experiencing strong demand in the cruise industry, projecting significant earnings growth while trading at a forward P/E of less than 14, offering potential upside for investors. Baidu, with a forward P/E of under 9, is capitalizing on its artificial intelligence growth, particularly in its AI cloud services, despite overall revenue decline, positioning it for future gains.

Roku TV is expanding its lineup to include Philips for the first time, featuring an OLED model available exclusively at a select retailer. The new partnership aims to bring Roku's streaming capabilities to more consumers, with the OLED model promising improved picture quality and a sleeker design. As the streaming landscape continues to evolve, Roku's expansion into the Philips market may provide consumers with additional options for their viewing experience.

Google's latest March 2025 feature drop for Pixel phones introduces ten significant upgrades, enhancing functionality across the entire Pixel lineup. Notable features include real-time scam detection for text messages, loss of pulse detection on the Pixel Watch 3, and the ability to share live location with trusted contacts. These improvements not only elevate user experience but also reflect Google's commitment to integrating health and safety features into its devices.

Ukrainian opposition leaders have dismissed the idea of holding a wartime election, after a media report of contacts between them and U.S. officials and in the wake of President Donald Trump calling his Ukrainian counterpart Volodymyr Zelenskiy a "dictator" for not holding one. The opposition leaders believe that elections should only take place after peace has been established, with Yuliia Tymoshenko stating that elections should not happen before a just peace is secured. Despite the proposal from Trump to hold wartime elections, Ukrainian President Zelenskiy remains committed to offering to vacate his post in exchange for peace and NATO membership.

Macy's swung to a profit in the fourth quarter, though sales dipped with shoppers remaining cautious about spending. The company's quarterly earnings surprised Wall Street, but sales fell short of expectations due to uncertainty about consumer spending and new tariffs imposed by President Trump. Despite this, Macy's has been working on modernizing its stores, which appears to be paying off for some of its brands.

Sol Daurella, the chairwoman of Coca-Cola Europacific Partners Plc, has been thrust into the public eye as her company is added to the FTSE 100 index, despite her preference for privacy. Over 33 years, Daurella has expanded her family's bottling business into one of the largest networks in Europe and Asia, significantly increasing its market value and share prices. As she navigates this new visibility, Daurella faces the challenge of driving growth through increased beverage consumption and strategic acquisitions.

Zalando, Europe's biggest online fashion retailer, has criticized EU tech regulators for lumping it in the same group as Amazon and AliExpress, saying it should not be subject to as stringent provisions of the bloc's tech rules. The company argues that its hybrid service model is different from those of its peers, with a mix of selling its own products and providing space for partners. Zalando aims to expand its range of brands in the coming months, despite ongoing disputes over its classification under EU regulations.

Portugal's cabinet has decided to proceed with a motion of confidence in the centre-right government, despite opposition from main parties, and a parliamentary vote is expected next Tuesday. The proposed vote, which Prime Minister Luis Montenegro announced on Wednesday, risks his own dismissal and an early election. A rejection by lawmakers would lead to the government's fall, triggering a caretaker period before President Marcelo Rebelo de Sousa decides on dissolving parliament and calling fresh elections.

The latest Morning Bid analysis highlights increasing anxiety in both Main Street and Wall Street as economic downturn fears loom amidst trade wars and government disruptions. While U.S. stock index prices have stabilized, concerns about corporate credit and potential recession risks are growing, particularly in the junk bond market. With a significant drop in M&A activity and mixed signals from corporate earnings reports, the financial landscape appears increasingly fragile.

Eutelsat's shares have experienced an astounding increase of nearly 650% over four days, largely attributed to retail traders engaging in a short squeeze reminiscent of the Gamestop phenomenon. The surge in stock price has been driven by speculation that Eutelsat could potentially replace Elon Musk's Starlink in providing internet access to Ukraine, following geopolitical tensions. Analysts suggest that this rally reflects not only the influence of retail investors but also a reaction to broader shifts in global politics, emphasizing the volatility of the market.

Canadian provinces' decision to remove US-made alcohol from store shelves in response to US trade policies has been described as "worse than tariffs" by the boss of Jack Daniel's maker Brown-Forman, highlighting the significant impact on the liquor industry. The move is a retaliation for US tariffs on Canadian goods, with Ontario, the most populated province, taking action this week. The removal of US-made alcoholic drinks from shelves has led to a loss of sales and revenue for manufacturers like Brown-Forman.

Pope Francis, 88, has been in hospital for almost three weeks battling double pneumonia and is now in stable condition, doing some physical therapy. Despite his stable condition, the pontiff's prognosis remains "guarded," meaning he is not yet out of danger. The Vatican has continued to provide updates on the pope's health, including his respiratory physiotherapy and oxygen treatment.

Syria received a new shipment of its local currency printed in Russia on Wednesday, marking a new sign of improving ties between Moscow and Syria's new rulers. The cash arrival is expected to be followed by further shipments, with the Syrian government official stating that more deliveries were anticipated in the future. The development comes as Damascus' previous contract with a subsidiary of the Austrian central bank was terminated due to European sanctions.

Finance teams are falling behind in their adoption of AI, with only 27% of decision-makers confident about its role in finance and 19% of finance functions having no planned implementation. The slow pace of AI adoption is a danger, defined by an ever-widening chasm between those using AI tools and those who are not, leading to increased productivity, prioritized work, and unrivalled data insights.

Turkey, with its second largest army in NATO after the United States, could contribute to a potential peacekeeping mission in Ukraine, a Turkish defence ministry source said on Wednesday. The source stated that discussions on a Turkish deployment remained conceptual and emphasized that initial deployments would involve non-combatant units to monitor a ceasefire. Turkey has maintained cordial relations with both Russia and Ukraine throughout their war, though it is historically a rival of Moscow.