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REUTERS/Illustration/John Emerson. Photos by Francois Lenoir and Yves Herman
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- SpaceX took the wraps off its IPO filing, laying bare for investors just how much Elon Musk is losing on artificial intelligence while betting the company's future on transforming the rocket maker into an AI powerhouse.
- xAI’s Grok chatbot has been a flop with one of the world’s largest customers – the US government, according to seven federal employees, three contracting experts and a Reuters review of government AI inventory documents.
- Lower prices for weight-loss pills from Novo Nordisk and Eli Lilly are prompting patients to switch from compounded medications to branded Wegovy and Foundayo, according to Reuters interviews with nine US doctors.
- After a year of smaller bars, extra wafers and chocolate alternatives, at least one major chocolate maker is putting the cocoa back in — and others may follow suit — as a slump in bean prices since 2024 makes the traditional treat more profitable.
- Bumper returns promised by the $3.5 trillion non-bank lending industry are giving way to rising defaults and falling income. On this week's Viewsroom podcast, Breakingviews columnists discuss how old-guard financiers juiced the trade with extra leverage.
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The Agios Fanourios I crossed the Strait of Hormuz on May 10 under a deal with Iran. REUTERS/Mohammed Aty
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Iran is enforcing a multi-tiered system for clearing vessels through the Strait of Hormuz as nations try to replenish dwindling energy supplies throttled by the war. The US has warned against complying with Iran’s controls. Some shippers and governments are taking the risk.
To reveal how Iran has been consolidating control over this strategic chokepoint in recent weeks, Reuters interviewed 20 people with knowledge of the evolving mechanism, including Asian and European shipping sources and Iranian and Iraqi officials, reviewed Iranian documents related to the vetting process, and analyzed movements of ships. Taken together, they offer rare insight into how the Iranian scheme functions, with the powerful Islamic Revolutionary Guard Corps playing a central role.
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Every FIFA World Cup tournament has been represented by an official poster
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From the first tournament in 1930 to the latest, we take a look at every FIFA World Cup poster design ever made.
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