Bessent says 'substantial pickup' in Russia sanctions coming

The Trump administration is prepared to announce a “substantial increase in Russia sanctions” amid stalled efforts to end the war in Ukraine, Treasury Secretary Scott Besant said Wednesday. “We’re going to announce a major increase in sanctions on Russia either late this afternoon or first thing tomorrow morning,” Besant told reporters at the White House….

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Meta lays off 600 employees within AI unit

Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday. The company announced the cuts in a memo from its chief…

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