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Paramount on Wednesday began cutting about 1,000 employees, the first wave of a deep staff reduction planned since David Ellison took the helm of the entertainment company in August.

OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and clearing the path for the ChatGPT maker to become a for-profit business.

The U.S. agreed to support the construction of large-scale reactors from Westinghouse Electric Co. worth at least $80 billion, pledging much-needed government backing for the industry in the latest push to meet surging demand for electricity from artificial intelligence.

After a weekslong delay because of the federal government shutdown, the latest report on consumer prices has arrived, giving Americans a glimpse at how President Donald Trump’s economic policies are impacting everyday costs everywhere from the grocery store to the gas pump.

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