Business

US sanctions bill against Russia faces Senate hurdles amid partisan divide — NYT

The bill would, in particular, impose 100% tariffs on the five largest purchasers of Russian oil and natural gas, as well as on five countries allegedly helping Russia circumvent Western energy sanctions

US warned Ukraine against strikes on oil infrastructure in Black Sea — WSJ

According to the source, Chevron CEO Mike Wirth raised the issue of collateral damage from Ukraine's strikes during talks with White House officials

Buffett favors an estate tax, but like virtually all billionaires, he won't be paying it

Warren Buffett believes he and other very wealthy Americans are under-taxed but by giving his fortune to charity, he won't be paying billions in potential levies to the government.

Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?

The Guardian

Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?

Sanae Takaichi’s blueprint to inject £1.7tn and double economic growth leaves many investors fearful International investors are asking where Japan’s prime minister will find the ¥370tn (£1.7tn) of extra cash that she wants to invest in 17…

The Guardian

Sell the Company for $400 Million? He’s Giving It Away Instead.

Sell the Company for $400 Million? He’s Giving It Away Instead.

After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired by Patagonia to pledge future profits to charity.

Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.

Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.

As start-ups like Anthropic and OpenAI prepare to go public, nonprofits are hoping for a secondary giving windfall from the new tech ultrawealthy.

From Silicon Valley to DC, the tech world is suddenly obsessed with one concept in AI: Distillation

From Silicon Valley to DC, the tech world is suddenly obsessed with one concept in AI: Distillation

Distillation has long been a topic for AI wonks, but it's become a hot-button issue of late as techies and lawmakers debate how it should be regulated.

Analysis: A powerful new coalition of AI skeptics is coalescing right in Trump's blind spot

Analysis: A powerful new coalition of AI skeptics is coalescing right in Trump's blind spot

Evangelicals, labor unions and anti-AI-data-center activists are part of a groundswell worrying about how fast technology is changing.

Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage

Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage

Shipping and logistics companies are tapping into the growing market of healthcare as cold chain and temperature-controlled facilities become more crucial.

Bloomberg