OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

OAKLAND, Calif. (AP) — Elon Musk lost his case against OpenAI and its top executives in a high-stakes trial that pitted billionaire against billionaires. But neither side emerged as too sympathetic. Americans’ opinion about artificial intelligence is at a low point with worries over job losses and even humanity’s extinction. Online comments and signs outside the courtroom rooted for neither side. Critics say the real losers are people whose lives are being upended by an AI industry controlled by a few out-of-touch billionaires who can’t get along.

A new Swatch model is introduced, and a case study in overexcited 'drop culture' plays out

LONDON (AP) — Swatch's new Royal Pop pocket watch has sparked outbursts of chaos worldwide. The Swiss watchmaker says there's no shortage of the items despite weekend crowds and brawls at stores. Police in Paris used tear gas, and a fistfight erupted in Milan. Long queues formed in London, Singapore, and New York. The watch retails for around $400 but resells for thousands. By the time the wek began, it was all over eBay. Swatch says the chaos was due in part to some malls that were not prepared for the demand. Resale value apparently was also a factor. On Monday, lines had eased, with new shipments on the way.

The market powerful enough to sway stocks and Trump is rumbling again

NEW YORK (AP) — The bond market is making noise again. Usually a quiet corner of Wall Street, the bond market has seen yields climb to their highest levels in years and in some cases decades. That's rattling stock market worldwide, as well as cranking up the pressure on economies, households and businesses. The bond market has a history of being powerful enough to drag stock markets up and down, and warning signals from it in the past have even convinced President Donald Trump and other world leaders to back off some of their most extreme actions.

US stocks fall further from their records

NEW YORK (AP) — The U.S. stock market is giving back a bit more of its record-setting rally. The S&P 500 fell 0.5% Tuesday and was on track for a third dip after setting its latest all-time high. The Dow Jones Industrial Average dropped 397 points, and the Nasdaq composite sank 0.6%. That followed mixed movements for stock markets abroad, while oil prices eased in their latest yo-yo move. Falling technology stocks in Asia dragged South Korea’s Kospi down 3.3%, but Germany’s DAX returned 1% for two of the world’s bigger moves. Treasury yields rose further as bond markets worldwide crank up the pressure.

NextEra, Dominion want to create a massive power company as AI drives energy demand in the US

NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S. It is one of the biggest proposed mergers so far this year and would create the world’s biggest regulated electric utility business by market capitalization, the companies said on Monday. The combined company will serve approximately 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina.

Justice Department announces nearly $1.8B fund to compensate Trump allies in a deal to drop IRS suit

WASHINGTON (AP) — The Trump administration has announced the creation a nearly $1.8 billion fund to compensate allies of the Republican president who believe they have been unjustly investigated and prosecuted. The “Anti-Weaponization Fund” was announced by the Justice Department on Monday as part of a deal to resolve President Donald Trump’s lawsuit against the Internal Revenue Service over the leak of his tax returns. Democrats and government watchdogs immediately pledged to fight what they called a “corrupt” and unprecedented resolution. Trump’s lawyers disclosed the dismissal of the IRS lawsuit in a filing in federal court in Florida, where the president sued earlier this year.

Video and satellite photos show Iran war oil spill on Persian Gulf island

DUBAI, United Arab Emirates (AP) — A mysterious attack on an Iranian oil refinery during the Iran war caused an oil spill that affected a nearby Persian Gulf island that’s a protected breeding ground for wildlife. Videos and satellite photos show the oil-soaked waves lapping onto Shidvar Island, an uninhabited small island off Iran. It represents yet another sign of the ecological damage wrought by the weekslong war, which also saw oily rain fall on Tehran after airstrikes targeted oil facilities there. Iranian attacks on ships passing through the Persian Gulf, the Strait of Hormuz and the Gulf of Oman also caused environmental damage as well.

Malaysia seeks $251 million from Kongsberg after Norway scuttles missile deal

KUALA LUMPUR, Malaysia (AP) — Malaysia's government is seeking $251 million in compensation from Kongsberg Defense & Aerospace AS after Norway revoked an export permit. That move scuttled a naval missile defense deal for Malaysia's combat ships. Defense Minister Mohamed Khaled Nordin said Tuesday that the Malaysian government issued a formal notice of demand to Kongsberg. Malaysia had largely paid for the Naval Strike Missile system and launcher components. The claim includes direct and indirect costs. Norway's foreign ministry said that it has strengthened oversight and restricted sales of sensitive defense technologies to allies. The cancellation sparked sharp protests from the Malaysian government.

Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations

WASHINGTON (AP) — The Supreme Court has rejected appeals from pharmaceutical companies that object to negotiating Medicare drug prices with the federal government. The justices did not comment Monday in leaving in place rulings from the federal appeals court in Philadelphia that dismissed the drug manufacturers’ claims. The negotiation program was created as part of the 2022 Inflation Reduction Act, which capped years of debate over whether the federal government should be allowed to haggle directly with manufacturers over the prices of drugs in Medicare. The law required the government to negotiate prices for certain high-cost drugs in the federal insurance program for older adults on an annual basis. The first deals took effect in 2026.

Busiest US commuter rail system to resume operations as deal reached to end strike

NEW YORK (AP) — Trains are set to start rolling again on the Long Island Rail Road after a deal was reached to end a strike that had shut down the busiest commuter rail system in the country. Commuters in the New York City suburbs still had to muddle through another tough morning rush hour Tuesday. Trains weren't running in time for the commute into work, though service was set to resume later in the day. The strike that began Saturday was the first walkout for the LIRR since a two-day strike in 1994. Around 250,000 riders typically travel each weekday on the train system.