Oil Soars Over 10% In OTC Trading, Whether That Sticks Depends On How Long The War Lasts

OpenAI Lures Private-Equity Firms With 17.5% Guaranteed Returns As AI Rivals Race For Enterprise Deals OpenAI, the maker of ChatGPT, is offering private-equity firms a more generous financial package than rival Anthropic as the two artificial-intelligence companies court buyout shops to create joint ventures aimed at raising fresh capital and accelerating the rollout of enterprise AI products. To lure PE firms, OpenAI is promising investors a guaranteed minimum return of 17.5%, a figure significantly above what is typical for preferred equity instruments, according to people familiar with the discussions who spoke...

Rep. Steve Cohen Drops Reelection Bid After Tennessee Redistricting On Friday Democratic Rep. Steve Cohen of Tennessee announced he is ending his bid for reelection to Congress, capping a nearly 20-year career in the U.S. House. The decision comes days after the Republican-controlled Tennessee legislature approved a new congressional map that dramatically reshapes - and effectively dismantles - his longtime majority-Black 9th District in Memphis. Rep. Steve Cohen (D-Tenn.) speaks at a hearing on oversight of the Federal Trade Commission in Washington on July 13, 2023. Madalina Vasiliu/The Epoch Times Cohen, 76, described...