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US cancels $590 million contract with Moderna for bird flu shot
US President Donald Trump's administration on Wednesday canceled a $590 million contract with Moderna to develop an avian flu vaccine, the US biotech company said. The statement added Moderna would "explore alternatives" for funding the development and manufacturing of the vaccine.
Africa elects its next 'super banker'
The race to become Africa's next "super banker" ends on Thursday, with five candidates, including one woman, vying to succeed Nigeria's Akinwumi Adesina as head of the African Development Bank in a contest that appears too close to call. In 2015 it took six rounds of voting to elect Adesina as president of the AfDB, which was founded in 1964 and now has 81 members, including 54 African nations.
AI personal shoppers hunt down bargain buys
Internet giants are diving deeper into e-commerce with digital aides that know shoppers' likes, let them virtually try clothes on, hunt for deals and even place orders. Shoppers can then set the price they would pay and leave the AI to relentlessly browse the internet for a deal -- alerting the shopper when it finds one, and asking if it should buy using Google's payment platform.
Meta AI bot used a billion times monthly: Mark Zuckerberg
Meta chief Mark Zuckerberg touted the tech firm's generative artificial intelligence (Gen AI) assistant on Wednesday, telling shareholders it is used by a billion people each month across its platforms.
US trade court blocks tariffs in major setback for Trump
A US federal court on Wednesday blocked most of Donald Trump's sweeping import tariffs from going into effect, ruling that the president had overstepped his authority with the across-the-board global levies.
Nvidia earnings beat expectations despite US export controls
Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.
US firms plan to pass Trump tariff costs to consumers: Fed minutes
US firms have warned the Federal Reserve that the cost of President Donald Trump's tariffs will likely be borne by consumers, according to minutes of the bank's most recent rate decision.
OPEC+ meets as oil output hike looms
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. OPEC+ ministers in their online meeting Wednesday reaffirmed the alliance's collective policy, according to a joint statement.
Brazil airline Azul files for bankruptcy protection in US
Brazil's biggest airline by number of flights and destinations, Azul, announced Wednesday it had filed for bankruptcy protection in the United States to try restructure debt arising from the pandemic and from supply chain issues. Its main Brazilian competitor Gol filed for Chapter 11 bankruptcy in the United States in January 2024. ll/lg/cb/bjt
AFP
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