Independent directors at the two companies will study a combination that Musk says has a lot to offer, and that would be the biggest merger on record.
The new stock would let Meta raise money for its artificial intelligence buildout without diluting Mark Zuckerberg’s control.
The OpenAI president signed the White House’s voluntary safety pact, even as the political group he and his wife bankrolled backs candidates opposed to tight AI rules.
The Energy Department is releasing 315,000 barrels after Maine’s senators pressed for relief from a 70% rise in heating oil costs.
The asset manager’s chief made the case for a rapid AI buildout as a poll shows most Americans oppose more data centres and finance leaders argue over a bubble.
Consumer prices rose faster than expected, to an 11-month high, a week before a Budget in which the chancellor has already ruled out a higher capital gains tax.
The auction priced at 5.469%, up from 5.420% a month earlier, and tailed by 0.9 basis points, though accounts of investor appetite differed.
The penalty, set after a September jury verdict in a case rooted in the Cambridge Analytica scandal, is the largest yet against Facebook’s owner.
Moscow put a date on a return to negotiations with Ukraine and Washington, while saying Beijing is preparing a possible three-leader meeting next month.
Washington’s envoy presented an updated peace proposal in St Petersburg, while Putin floated a meeting with Trump in China and offered help on Iran.
The plan arrives as Fed Chair Kevin Warsh seeks a smaller balance sheet, and it has already drawn objections from officials who defend the current framework.
Details of the AI developer’s finances point to computing commitments that could reach $750 billion, as investors argue it has outgrown private funding.
The vulnerability in the PHP programming language could let attackers steal private user data or alter websites, OpenAI’s president said.
The designations under Operation Economic Outcast extend Washington’s pressure on Iranian shipping from the vessels to the lawyers and agents around them.
At a rally in Greenville, the president and Commerce Secretary Howard Lutnick also announced a Sibelco plant worth hundreds of millions of dollars.
A deficit of £97.8 billion over the first half of the fiscal year and rising debt interest narrow the chancellor’s room for manoeuvre.
Chief Economist Philip Lane argued that backstops in euros for foreign central banks could support sovereign bond markets and help the ECB hit its inflation target.
Treasury Secretary Scott Bessent and Comptroller Jonathan Gould called the rule a milestone, while industry groups press the Treasury on the parts of the law still to be written.
The central bank’s staff credited fiscal support and an AI boom with sustaining growth, while a Governing Council member said rates may have to rise further.
The lawsuit argues the White House exceeded its authority by using a provision of the Smoot-Hawley Act that no president had used in 96 years.
More than 24 million barrels a day left the region through Hormuz and other routes in the week to 18 October, but attacks on ships and soaring freight costs kept crude rising.
The president’s super PAC spent more than $200 million in September alone, and a late $80 million donation is now flowing to Democrats.
Beijing has put draft export controls on 23 AI-related technologies out for consultation, including open-weight models and AI agents, as it protests Washington’s DeepSeek ban.
A warning from Deputy Governor Hauser lifted the Australian dollar and reopened a rate decision that bond traders had begun to discount.