Wall Street Up On Growth Bets Ahead Of Big Tech Reports
U S stocks rise as the Magnificent Seven face quarterly results from Apple Alphabet Amazon Meta and Microsoft Investors weigh if AI fueled gains justify lofty multiples The week also brings a Fed decision likely to leave rates unchanged with potential March cuts and a jobs report anticipated to show steady hiring growth at a slower pace.
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Philips halts U S sales of sleep apnea devices under recall deal
Philips agrees to stop selling CPAP and related devices in the United States while meeting FDA corrective actions under a tentative consent decree with federal regulators. The company sets aside 393 million for upgrades and continues servicing existing units as a court review proceeds.
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Biden admin seeks safety test results from AI firms
The White House will require major AI developers to disclose safety test results to the Commerce Department under a 90 day goal of the October executive order. The National Institute of Standards and Technology will build a uniform framework, while federal agencies expand AI experts and risk assessments across critical infrastructure.
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