Wall Street breaks nine day win streak on oil drop
Wall Street closed lower on Monday as oil prices hit a four year low after OPEC plans to raise output. The S&P 500 fell 0.6 percent to 5650.38, the Dow dropped 0.2 percent to 41218.83, and the Nasdaq slid 0.7 percent to 17844.24. Tech giants including Apple Amazon and Tesla weighed on markets amid tariff uncertainty and Warren Buffett announced he will step down as CEO by year end while remaining chair.
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EU shifts to lure US scientists with grants and policy push
Paris hosts a Europe wide recruitment push as EU leaders Macron and von der Leyen unveil plans to fund science with a 2025 27 budget boost totaling 566 million dollars and a new legal act to ensure research freedom while criticizing U S policies on diversity equity and inclusion. The drive comes after U S cutbacks on DEI and misinformation studies prompting protests and calls for easier visas and stronger European incentives.
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OpenAI Reaffirms Nonprofit Control Of OpenAI After Plans To Go For Profit
OpenAI will remain under nonprofit control as it retains governance over the company behind ChatGPT. CEO Sam Altman and board chair Bret Taylor said the nonprofit will keep influence while the for profit arm becomes a public benefit corporation to balance shareholders and mission. The move comes amid talks with California and Delaware AG offices and a Musk lawsuit ongoing.
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Fed likely keeps rate steady amid political pressure
The Federal Reserve is expected to hold its key short term rate at about 4.3 percent through this week’s meeting amid criticism from President Trump and calls to cut borrowing costs. Officials stress caution while tariffs cloud inflation trends as markets await guidance from Jerome Powell and the rate committee.
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The readable text is fragmentary and unclear. It mentions mutual funds and fees with disrupted words and looks like an OCR error. No concrete entities or facts to anchor a full card.
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