Wall Street ends nine day win streak on oil drop
Wall Street closed lower on Monday as oil prices hit a four year low after OPEC announced output increases. The S&P 500, Dow, and Nasdaq fell amid mixed trading with tech giants leading losses and Warren Buffett signaling his retirement as CEO by year end.
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EU seeks top scientists from U S with new grants
Paris event features Macron and von der Leyen promoting a large EU recruitment drive for researchers amid U S policy cuts on diversity and inclusion. A new super grant plan aims to attract talent, with 2025 to 2027 funding of 566 million dollars and a legal act to secure research freedom across 27 nations.
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OpenAI to remain nonprofit under new structure
OpenAI will keep its nonprofit in control of the company behind ChatGPT after months of debate. The nonprofit will oversee a for profit arm that becomes a public benefit corporation, obliged to balance shareholders and mission. Bret Taylor said the nonprofit will appoint the new board, likely remaining the same members as today, with ownership stakes and governance still to be defined.
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Lorain man sentenced after fatal crash plea deal
Fenik, 25, of Vermilion, received 48 months in prison for aggravated vehicular homicide and related misdemeanors after a plea deal approved by the Neal family and Lorain Police. He will have a lifetime license suspension and can seek release after six months. Trent Neal’s family expressed mixed reaction, with some calling the sentence insufficient.
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