Google launches tools to detect fake photos, Apple may face iPhone 15 production delays, Shack Shack sees active investor agent battle: Today’s top stories


Create images via artificial intelligence? Google has launched tools to detect fake images and reduce misinformation

  • Alphabet Inc It plans to add new features to the image finder to help users find the original source of an image in an effort to identify misleading AI images.

  • Furthermore, the features provide information about when Google first indexed the image for the first time to limit the chances of “photorealistic imitations”.

  • Midjourney and Shutterstock are among the publishers that Google has joined so far.

Ford plans to cut 1,300 jobs in China as sales plummet

  • Ford Motor Company (NYSE:F) plans to cut more than 1,300 jobs in China as sales plummet.

  • Ford wholesale sales in China, the world’s largest auto market, fell below half a million units for the first time in a decade in 2022.

  • The automaker’s sales have been falling steadily since 2016 when it shipped 1.27 million vehicles with a market share of 4.6%.

Stellantis workers protest in Italy slows Alfa production

  • Stellantis NV (NYSE: STLA) Workers in southern Italy are protesting unsanitary working conditions, slowing production of the Alfa Romeo Tonales and Fiat Panda models.

  • On the third day of protests, some workers in The Pomigliano d’Arco factory near Naples stopped working for two hours.

  • “The factory is dirty and the toilets stink,” said Simone Marinelli, head of Fiom’s automotive arm.

  • “Work clothes are missing – some workers have to wait months to replace old and worn clothes.”


Is the iPhone 15 release date delayed? Here’s why Apple is experiencing production hiccups

  • Apple company (NASDAQ:AAPL) may experience delays in production iPhone 15 And iPhone 15 Plus Because of the 48MP stacked camera sensor.

  • Jeff Boa technical analyst at a Hong Kong-based investment firm Haitong International Stock Exchangereiterating a previous statement in January that the iPhone 15 and iPhone 15 Plus are expected to feature a rear camera with a triple-stack sensor.

  • According to Pu, the camera will have a 48MP lens, which captures more light and enhances image quality.

Foxconn to Apple Earmarks supplier $500 million to set up factory in India

  • Apple company (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co., Ltd (OTC: HNHPF) Foxconn It proposes to invest $500 million to set up factories in the southern Indian state of Telangana.

  • State Information Technology Minister KT Rama Rao said on Monday that the Foxconn investment will create 25,000 jobs in the first phase.

  • Foxconn, which already makes iPhones in India, has secured a deal to manufacture AirPods in India in 2023.

US Food and Drug Administration approves menopausal sores from Astellas, after regulatory setback

  • The US Food and Drug Administration on Friday approved the Japanese drugmaker Estelas Pharma Company (OTC: ALPMY) (OTC: ALPMF) Veozah (fezolinetant) for hot flashes associated with menopause.

  • Viuzah is not a hormone. It targets the nerve activity that causes hot flashes during menopause.

  • The prescribing information for Veozah includes a warning of elevated hepatic aminotransferase or liver injury. Before using Veozah, patients should have blood tests to test for liver damage.

British American Tobacco selects Tadeo Maruko as Chief Executive Officer

  • British American Tobacco plc (NYSE:BTI) has appointed Tadeo Maruko as CEO, succeeding Jack Boles, who will be stepping down from the board of directors, effective May 15.

  • Marocco started working for the tobacco company in 1992 and was appointed to the Board of Directors in 2019 as Group Chief Financial Officer.

Newmont’s acquisition of Newcrest in the largest ever deal for the gold industry

  • Newmont Corp (NYSE: NEM) has signed an acquisition deal Newcrest Mining Limited (OTC: NCMGY) through an Australian Court approved arrangement scheme unanimously recommended by the Newcrest Mining Board.

  • The bid values ​​Newcrest Mining at around $19 billion (AU$28.8 billion) and is the largest ever deal in the gold sector.

  • The combined company will be 31% owned by Newcrest and 69% by Newmont.

ONEOK buys Magellan Midstream plan for $19 billion to boost supply

  • ONEOK Corporation (NYSE:OKE) has penned a merger deal with Magellan Midstream Partners LP (NYSE: MMP) is valued at approximately $18.8 billion, including assumed debt.

  • The transaction includes the payment of $25.00 in cash and 0.6670 shares of ONEOK common stock to each MMP unitholder.

  • Valued at $60.0 billion, the combined company will be one of the leading oil and natural gas pipeline operators in the United States, with a portfolio of more than 25,000 miles of liquids-oriented pipelines and a strong presence across the Gulf Coast and Mid-Continent markets.

Google CEO Sundar Pichai admits to cheating on the Pixel with the Samsung Galaxy and iPhone

  • Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Chief Executive Officer Sundar Pichai He recently revealed the reason for his use Google Pixel FoldAnd Samsung Galaxyand even iPhone.

  • Tech YouTuber Arun Mainimore commonly known as MrWhoseTheBossrecently sat down with Google The CEO asked him about the future of smartphones, artificial intelligence, and the Pixel Fold – the company’s first device in the foldable category.

Twitter Ventures is in the Instagram area where Musk would like to edit the video and order filters

  • Twitter I’ll take a sheet of paper Meta Platforms Inc’s (NASDAQ: META) Instagramlike Elon Musk He said that video editing and filters will soon come to the microblogging platform.

  • Over the weekend, a Twitter user who goes by the site’s “GailAlfarATX” said it would be great if users could edit clips and add good music, subtle filters, and photos on the platform without needing another app.

  • Musk responded to his tweet with one word, confirming that similar features will be introduced soon on the microblogging site.

CFTC slams HSBC with $75m penalty for unethical practices and claims of senior leadership involvement

  • HSBC Holdings PLC (NYSE: HSBC) has agreed to pay $75 million in penalty fees as ordered by the US Commodity Futures Trading Commission (CFTC).

  • HSBC Bank USA will pay a civil financial penalty of $45 million for fraudulent and misleading trading related to swaps with issuers, fraud and mobile record-keeping failures from March 2012 to July 2020.

  • Also, HSBC Bank USA, HSBC Bank Plc, and HSBC Securities are liable for a $30 million fine for failing record-keeping and supervision in accordance with CFTC requirements.

Wall Street Journal

Shake the Shack Board: Active investor plots proxy fight, seeks 3 seats on board

  • Active investor joint capital It plans to launch a proxy battle for three board seats Shake Shack Inc (NYSE: SHAK). Including swaps, Engaged owns approximately 6.6%.

  • Engaged Capital has been in talks with Shake Shack management for more than six months. In March, he sent a letter to the company’s board of directors detailing his proposal for new directors and other changes to help boost the restaurant chain’s lagging stock price.

  • The parties failed to reach an agreement.


The airbag manufacturer is denying regulators’ request to recall unsafe inflators

  • general motors (NYSE: GM) has recalled nearly one million SUVs in the United States due to unsafe air bag deployment.

  • The recall affects 994,763 Buick Enclave, Chevrolet Traverse and GMC Acadia vehicles from the 2014 through 2017 model years that are equipped with units manufactured by ARC Automotive Inc.

  • The front driver airbag inflator on affected vehicles may have a manufacturing problem that could cause it to rupture during deployment.

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