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The top US data privacy regulator on Wednesday accused Facebook-owner Meta of violating its commitments on data privacy and threatened to sanction it heavily if it didn't comply.. The FTC is also threatening to ban Meta from making money off of children's data.
The United States offered a reward of up to $10 million on Wednesday for a Russian national accused of running a stolen credit card operation.. The State Department and Secret Service said a reward of up to $10 million had been offered for information leading to the arrest and capture of Kulkov, who lives in Russia.
The World Bank confirmed Wednesday that Ajay Banga will be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change.. - Climate concerns - Banga will enter his new role at a difficult time for the world economy, with slowing global growth and high interest rates in many major economies.
US pharmaceutical giant Eli Lilly on Wednesday announced its experimental Alzheimer's drug significantly slowed cognitive and functional decline, results hailed as "remarkable" by experts despite some patients experiencing serious side effects.. The news comes after the US approved another Alzheimer's drug in January, Biogen and Eisai's lecanemab, which slowed the rate of cognitive decline by 27 percent and was also declared a blockbuster by experts.
US drugmaker Eli Lilly on Wednesday announced its experimental Alzheimer's drug significantly slowed cognitive and functional decline, results hailed as "remarkable" by experts.. Lilly said it would rapidly submit its results to the US Food and Drug Administration as well as other global regulators.
US private sector employment heated up unexpectedly in April, according to data released by payroll firm ADP on Wednesday, although pay gains slowed rapidly as well.. "Employers are hiring aggressively while holding pay gains in check as workers come off the sidelines," she added.
Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices.. Meta has seen "threat actors" hawk internet browser extensions that promise generative AI capabilities but contain malicious software designed to infect devices, according to Rosen.
Stellantis, the world's fourth-largest automaker, said Wednesday that an easing shortage of semiconductor supplies helped drive sales in the first quarter, as more vehicles could be delivered to buyers.. Chips, which have become crucial components for modern vehicles, became scarce as the Covid-19 pandemic shut down factories in China and elsewhere in Asia, causing shortages that are only recently being absorbed by supply chains.
Former Audi boss Rupert Stadler will plead guilty over the "dieselgate" vehicle emissions-cheating scandal, a German court said Wednesday, which would make him the first auto CEO to be convicted in the resulting lawsuits.. Last month Wolfgang Hatz, another former Audi executive who was on trial alongside Stadler, pleaded guilty, confessing that he and two other colleagues had arranged the installation of emissions-cheating software.
