FT News Briefing Cracks widen in Israel’s war cabinet
Mar 4, 2024
China is boosting its AI startups with computing vouchers while Bayer struggles with Roundup litigation, leading to a staggering 95% dividend cut. Warren Buffett warns of looming challenges in the utility sector due to climate change, especially with wildfire lawsuits affecting businesses. Meanwhile, tensions rise in Israel's war cabinet as political rifts deepen amidst ongoing conflict.
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China's AI Subsidies
- China offers computing vouchers to AI startups to offset US chip restrictions.
- This aims to level the playing field against resource-hoarding tech giants like Alibaba and Tencent.
Bayer's Roundup Woes
- Bayer's stock price has plummeted over 50% due to ongoing Roundup lawsuits.
- These lawsuits allege that Roundup's active ingredient causes cancer, impacting Bayer's financial stability.
Bayer's Legal Strategy
- Bayer's new legal strategy involves lobbying for state laws to prioritize EPA pesticide labels over court rulings.
- This aims to circumvent Roundup litigation by emphasizing EPA approval, but has seen limited success.