WASHINGTON, Aug 21 (Reuters) - U.S. Treasury Secretary Scott Bessent will hold a press conference on Monday, according to a statement, after the U.S. warned of more sanctions against Iran and took steps to try to lower long-dated Treasury bond yields.
• The press conference, which will be held at the Treasury Department at 2 p.m. ET (1800 GMT), comes after Bessent this week said he would give details on Monday of planned sanctions against Iran
... (continue reading...)Aug 21 (Reuters) - OpenAI said on Friday it is cutting the prices of its frontier GPT-5.6 Sol model for developers by more than 20% for the next three months, as the ChatGPT maker faces growing competition from Anthropic and Chinese AI models.
Here are more details:
• The price cuts are effective on OpenAI's application programming interface, or API, and are rolling out across eligible plans for credits on its agentic AI product... (continue reading...)
By Nora Eckert and Mike Colias
Aug 21 (Reuters) - Electronic door handles of the kind that are at the center of China’s largest-ever vehicle recall have proliferated across the globe over the past decade, especially on electric vehicles.
Tesla and eight other automakers said on Friday they will recall a total of about 4.3 million vehicles in China over concerns that their doors may be difficult to open in an emergency.
... (continue reading...)Aug 21 (Reuters) - U.S. Army Secretary Dan Driscoll is expected to step down from his role by the end of the year after months of tension with Defense Secretary Pete Hegseth, the Wall Street Journal reported on Friday, citing people familiar with the discussions.
Reuters could not immediately verify the report.
Driscoll's departure would leave the Army without a Senate-confirmed leader as the U.S. looks to resolve a war it began... (continue reading...)
WASHINGTON, Aug 21 (Reuters) - Lawyers for Anthony Fauci have launched a legal defense fund for the former top U.S. infectious disease expert, saying that the need to respond to a growing number of state and federal investigations related to his handling of the COVID-19 pandemic will require substantial resources.
In January 2025, then-President Joe Biden issued a preemptive pardon to Fauci, amid accusations from Republican lawmakers that he played a... (continue reading...)
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