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Chances of a Federal Reserve rate cut fade as inflation worsens0:44 The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates OpenAI pulls plug on Sora, viral AI video app that sparked deepfake concerns23:40 OpenAI is shutting down its social media app Sora, which went viral last fall as a place to share short-form videos generated by artificial intelligence but also raised alarms in Hollywood and elsewhere Moldova imposes 60-day energy emergency after Russian strikes in Ukraine cut key power line22:04 Moldova’s Parliament voted on Tuesday in favor of imposing a 60-day state of emergency in the country’s energy sector after Russian strikes on neighboring Ukraine’s energy grid disconnected a key power line linking Moldova to Romania FDA flags misleading claims for cancer drug by biotech billionaire Patrick Soon-Shiong19:57 Federal health officials have issued a warning about controversial statements made by biotech billionaire Dr. Patrick Soon-Shiong about one of his company's cancer drugs Philippine president declares national energy emergency to respond to impact of Middle East war16:13 Philippine President Ferdinand Marcos Jr_ has declared a state of national energy emergency to respond to the impact of the Middle East war, which his administration said poses “an imminent danger of a critically low energy supply.” Libya tows drifting Russian 'shadow fleet' tanker to avert a Mediterranean spill15:41 Libyan authorities are towing a damaged Russian “shadow fleet” tanker toward a safe area to prevent an environmental crisis in the Mediterranean Trump administration bans import of new foreign-made routers, citing supply chain and security risks15:41 The Trump administration is banning imports of new, foreign-made routers citing supply chain vulnerability and cybersecurity risks Rubio testifies in former congressman's Venezuela lobbying trial15:41 Secretary of State Marco Rubio is testifying over his interactions with former Miami congressman David Rivera Estee Lauder confirms talks with Spanish perfume maker Puig13:33 Beauty companies Estee Lauder and Puig are in talks to merge in a potential deal that would create a business housing brands such as MAC, Clinique, Charlotte Tilbury and Apivita Asia boosts coal use as Iran war squeezes global LNG supplies7:40 Asian countries are burning more coal to keep power going as the war in the Middle East disrupts other fossil fuel supplies Asian shares mostly rebound after Trump hints at a possible end to the Iran war7:40 Asian benchmarks are mostly rebounding, echoing the cautious relief that swept through Wall Street after President Donald Trump said the United States has talked with Iran about a possible end to their war LaGuardia crash underscores pressures on already strained air traffic control workforce7:40 Air traffic controllers at New York’s LaGuardia Airport were juggling a runway emergency moments before an Air Canada jet collided with a fire truck Sunday night Kalshi and Polymarket place new bans on insider trading as senators move to curb prediction markets7:40 Kalshi and Polymarket are tightening their rules on insider trading as Congress appears to be moving closer to cracking down on prediction markets |