FTC Probes Evolv Security Over AI Weapons Screening Claims
US investigators are probing weapons screening company Evolv Technologies Holdings Inc., which runs detectors at schools and stadiums, over claims its systems don’t operate as described.
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Israeli Billionaire Quits Harvard Post After School’s Response to Hamas Attacks
Israeli businessman Idan Ofer and his wife quit their board posts at Harvard University, adding to a barrage of criticism over the school’s response to the Hamas attacks on Israel.
France Reviews KKR Buyout of Circor Over Defense Impact
France is conducting an initial review of the proposed sale of US-based aeronautics and defense supplier Circor International Inc. to private equity firm KKR & Co., the first stage of a process that could potentially delay the deal’s completion or require changes because of its impact on domestic military programs.
Amazon, Exxon Hydrogen Hubs Get Slice of $7 Billion US Funds
Hydrogen projects involving Amazon.com Inc., Exxon Mobil Corp. and Air Products and Chemicals Inc. are among those receiving portions of $7 billion in US funding meant to make the country a leader in the controversial fuel.
Fatal French Stabbing Linked to Israel-Hamas War by Top Official
The assailant who fatally stabbed a teacher in France in what President Emmanuel Macron called an Islamist terror attack was possibly motivated by the war between Israel and Hamas, a top security official said.
Stanford’s $40.9 Billion Fund Tops Elite Rivals With 4.4% Return
Stanford University’s $40.9 billion investment fund returned 4.4% during the 12 months ending June 30, topping results at other elite colleges despite headwinds from venture capital and private equity.
Wall Street Seeks Safety Amid Geopolitical Angst: Markets Wrap
Stocks fell and bonds rose as signs Israel is preparing for a ground invasion of Gaza left traders looking for safety ahead of the weekend. Gold surged the most since March. Oil rallied.
Oil Jumps $5 in Volatile Week as Risk of War Engulfs Middle East
Oil posted its largest weekly gain in a month after Iran said a new front in the conflict between Israel and Hamas was possible. Traders also covered bearish bets ahead of a widely expected invasion of Gaza.
Hedge Funds Get New SEC Mandate for Reporting Short Sales
Hedge funds will have to start sharing significantly more information about their short-sale transactions with the Securities and Exchange Commission, setting up another clash between the industry and Wall Street’s main regulator.
Brazil Needs Congress to Fix $33 Billion Budget Gap, Haddad Says
Brazil is on track to balance its budget next year if congress does its part to help raise the 168 billion reais ($33 billion) in revenues necessary to hit that target, Finance Minister Fernando Haddad said in an interview.