Author: Press Room

One scoop to start: Activist hedge fund Elliott Management is increasing the pressure on oil refiner Phillips 66, kick-starting a proxy battle calling for “sweeping changes” at the US energy conglomerate.Another scoop to start: President Donald Trump has suggested he could cut tariffs on Chinese goods if Beijing allows ByteDance, the Chinese owner of TikTok, to divest the hugely popular video sharing app to avoid a ban in the US.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign up here to get the…

Practice for Formula One’s Japanese Grand Prix heavily disrupted as McLarens take top two spots.Oscar Piastri and Lando Norris topped the times for McLaren as four red flags, two caused by trackside grass fires, wreaked havoc with the second practice session for the Japanese Grand Prix. Australian Piastri, the winner of the last race in China, squeezed in a lap of one minute, 28.114 seconds between the last two red flags to take the honours on a sunny but cool day at the Suzuka circuit on Friday. Championship leader Norris was fastest in first practice and second in the later…

The Trump administration fired National Security Agency Director Gen. Timothy Haugh and civilian Deputy Director Wendy Noble, according to a report.The firings were first reported by The Washington Post on Thursday.Haugh also served as commander of the U.S. Cyber Command – a position from which he was also dismissed. Noble was reassigned to serve in the office of the undersecretary of defense for intelligence, according to the Post.Sen. Mark Warner and Rep. Jim Himes, top Democrats on the Senate and House intelligence committees, reacted to the alleged firings late Thursday night.TRUMP ADMIN MOVES TO MORE EASILY FIRE FEDERAL WORKERS AT…

A criminal drug ring in Mexico that frequently terrorized a resort near Cancún popular with American tourists was dismantled following an undercover sting operation by law enforcement. The state attorney general’s office in Quintana Roo reported that the undercover operation, carried out in a hotel located in Costa Mujeres, in the Continental Zone – aka the Hotel Zone – nabbed a criminal drug-dealing gang, whose members, they say, “constantly came to this establishment to demand services and threaten staff and sell drugs.”The agency said that upon arriving at the lodging center in the pool’s bathroom area, police agents were attacked by…

From sharp alerts to gentle chirps, each sound a chicken makes can offer insight into their inner lives. But have you ever wondered what those clucks mean? Now an app can tell you.Researchers at Dalhousie University’s Agricultural Campus near Truro, N.S., have developed an app called Cluckify to crack the code on what chickens are saying through the science of bioacoustics.“[Chickens] have likes and dislikes, they have their own personalities to express their contentment, frustration, happiness, joy, etc. through their sounds,” said Suresh Neethirajan, a professor working on the app.The goal of the app is to help chickens connect with…

An Indian court has again ordered a tech platform to remove information, this time statements on Wikipedia that a domestic news agency considers defamatory.

MANILA: Family members of people killed during former Philippine president Rodrigo Duterte’s bloody crackdown on drugs demanded an investigation on Friday (Apr 4) into what they say has been a flood of online threats since his arrest. Duterte was detained on Mar 11 and put on a plane to the International Criminal Court in the Netherlands the same day to face a charge of crimes against humanity tied to his drug war, in which thousands of mostly poor were killed. On Friday, the relatives of four of those slain and their lawyer, Kristina Conti, filed complaints asking the National Bureau of…

A flying taxi displayed at the China Telecom booth at SNIEC in Shanghai, on June 26, 2024, during the opening of Mobile World Congress 2024.Nurphoto | Nurphoto | Getty ImagesFlying taxis will become a viable method of transportation in China in the next three to five years, according to a senior executive at Ehang, a company that makes autonomous aerial vehicles (AAVs).The prediction by Ehang’s Vice President He Tianxing comes days after the company became the first company, along with its joint venture partner Hefei Heyi Aviation, to obtain a certificate to operate “civil human-carrying pilotless aerial vehicles” from the…

In song, and then in bronze, she has become an emblem of Irish culture and an enduring symbol of working-class Dublin.But to the familiar folklore of Molly Malone represented in her statue on Suffolk Street in central Dublin — a pretty young face, a hawker’s cart of cockles and mussels, a low-cut frilly dress — a new element will soon be added: wardens, provided by Dublin City Council.The life-size statue was erected to commemorate the central figure of “Molly Malone” or “Cockles and Mussels,” a song belted out during St. Patrick’s Day celebrations around the world. The City Council said…

Paige Bueckers ran off the court at Spokane Arena with a smile splitting her face and a Final Four hat perched atop her head. She waved to the crowd and headed for the UConn locker room.The second-seeded Huskies had just beaten No. 1 seeded USC on Monday night behind Bueckers’ 31 points. Little girls shrieked and chanted her name alongside their mothers. Fans wore her famous No. 5 jersey. One held a sign saying she’d woken at 3 a.m. to fly to Washington to see Bueckers play. Another waved an American flag bearing an image of Bueckers’ face.“Yeah, I don’t…