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Alphabet shares fall 7% on revenue miss, heightened AI investments newsthirst.

CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence buildout. The company topped…

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TSMC confident in continued CHIPS Act funding under Trump, says CFO newsthirst.

TSMC Arizona’s first chip fab on November 7, 2024 Katie Tarasov U.S. President-elect Donald Trump has accused Taiwan of “stealing” his country’s chip industry. But Taiwan’s biggest chip company is confident the Trump administration will continue funding its projects in the U.S. Taiwan Semiconductor Manufacturing Co has been promised $6.6 billion under the Joe Biden…

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Centene forecasts Q3 profit below estimates on Medicaid hit, ET HealthWorld newsthirst.

London: Centene forecast third-quarter profit below Wall Street estimates on Tuesday as the health insurer anticipated an increase in medical costs in the government-backed Medicaid program. States began reassessing eligibility for enrollment in Medicaid last year, following the termination of a policy that required insurers to keep low-income Americans enrolled through the COVID-19 pandemic. The…

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Lib Dem report says leftwing alliance not needed because of tactical voting | Liberal Democrats newsthirst.

Britons are so adept at tactical voting that any sort of progressive alliance among parties on the left is no longer needed, an internal Liberal Democrat report into the party’s general election campaign has concluded. The report, led by the former Lib Dem leader Tim Farron, said that while the party enjoyed its best general…

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Riverford employees to share £1.3m payout as veg box firm’s profits jump | Food & drink industry newsthirst.

Employees of Riverford will share in a payout of £1.3m after the organic vegetable box company more than doubled profits last year. More than 1,000 staff at the Devon-based group, which began making deliveries from an old Citroën in 1993, will receive about £1,000 each as the employee-owned company nearly tripled its annual payout to…

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