US scrutinizing frequent-flyer programs | The Hill

US scrutinizing frequent-flyer programs | The Hill

The Department of Transportation (DOT) is scrutinizing major U.S. airlines’ frequent-flyer programs for potential deceptive or unfair practices, it said Thursday. “We plan to carefully review complaints regarding loyalty programs and exercise our authority to investigate airlines for unfair and deceptive practices that hurt travelers as warranted,” the department told The Hill in an emailed … Read more

AI companies would be required to disclose copyrighted training data under new bill

AI companies would be required to disclose copyrighted training data under new bill

Two lawmakers filed a bill requiring creators of foundation models to disclose sources of training data so copyright holders know their information was taken. The AI Foundation Model Transparency Act — filed by Reps. Anna Eshoo (D-CA) and Don Beyer (D-VA) — would direct the Federal Trade Commission (FTC) to work with the National Institute … Read more

Bristol Myers Squibb acquires Karuna Therapeutics for $14 billion, boosting neuroscience portfolio

Bristol Myers Squibb acquires Karuna Therapeutics for  billion, boosting neuroscience portfolio

NEW YORK (AP) — Drugmaker Bristol Myers Squibb is acquiring Karuna Therapeutics, a biopharmaceutical company that has developed a new antipsychotic, in a $14 billion deal. Bristol Myers Squibb and Karuna announced their merger agreement on Friday. The transaction, which amounts to $330 per share in cash, offers a premium of 53% over Karuna’s stock … Read more

Human Rights Watch finds ‘systemic censorship’ of Palestinian content on Meta platforms

Human Rights Watch finds ‘systemic censorship’ of Palestinian content on Meta platforms

A new report from Human Rights Watch found that Meta’s policies have been “silencing voices” in support of Palestinians on Instagram and Facebook in a “wave of heightened censorship” amid the ongoing Israel-Hamas conflict. The human rights-focused advocacy group documented more than 1,050 takedowns and suppression of content posted by Palestinians and supporters on Meta … Read more

Tencent loses over $43 billion in market value after China proposes new online gaming rules

Tencent loses over  billion in market value after China proposes new online gaming rules

Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gaming-related counters … Read more