Ovid Therapeutics (OVID +12.19%) stock rose by more than 18% as of 12 a.m. today. The biopharmaceutical company is devoted to developing medicines for people with epilepsy and other brain conditions, and today's rise follows some positive newsflow on its most exciting pipeline program, OV329. A next-generation treatment The company defines OV329 as a "next-generation GABA-aminotransferase (GABA-AT) inhibitor being developed as a potential medicine for rare and treatment-resistant forms of epilepsy and seizures." Inhibiting the enzyme GABA aminotransferase (GABA-AT) activity increases γ-aminobutyric acid (GABA) levels, thereby reducing hyperexcitability, brain activity, and seizures. The key part of that statement that healthcare investors should take away from the passage above is "next-generation," because management believes OV329 is not only more potent than the first-generation GABA-AT inhibitor Vigabatrin (Sabril) but also has a better safety and tolerability profile. The latter is a big issue because Vigabatrin has the unfortunate side effect of potentially causing permanent vision loss. The latest results The big news came today with the release of data from a Phase 1 study of OV329 using a 7 mg dose (it had previously been tested at 3mg and 5mg), which reported "no treatment-related adverse events in the 7 mg cohort." In addition, after ophthalmic assessments, "no evidence of ophthalmic or retinal changes associated with OV329." Expand NASDAQ : OVID Ovid Therapeutics Today's Change ( 12.19 %) $ 0.24 Current Price $ 2.25 Key Data Points Market Cap $262M Day's Range $ 2.22 - $ 2.50 52wk Range $ 0.24 - $ 2.50 Volume 36M Avg Vol 1.7M Gross Margin 93.90 % Where next for Ovid Therapeutics The safety and tolerability data are exciting, and management announced a $60 million private placement , from which it intends to support developing OV329 in other indications, namely tuberous sclerosis complex seizures and infantile spasms, on top of a Phase 2 trial for focal o...

Key Points OV329 may be safer and more potent than existing treatments. A $60M private placement will fund further development. 10 stocks we like better than Ovid Therapeutics › Ovid Therapeutics (NASDAQ: OVID) stock rose by more than 18% as of 12 a.m. today. The biopharmaceutical company is devoted to developing medicines for people with epilepsy and other brain conditions, and today's rise follows some positive newsflow on its most exciting pipeline program, OV329. A next-generation treatment The company defines OV329 as a "next-generation GABA-aminotransferase (GABA-AT) inhibitor being developed as a potential medicine for rare and treatment-resistant forms of epilepsy and seizures." Inhibiting the enzyme GABA aminotransferase (GABA-AT) activity increases γ-aminobutyric acid (GABA) levels, thereby reducing hyperexcitability, brain activity, and seizures. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The key part of that statement that healthcare investors should take away from the passage above is "next-generation," because management believes OV329 is not only more potent than the first-generation GABA-AT inhibitor Vigabatrin (Sabril) but also has a better safety and tolerability profile. The latter is a big issue because Vigabatrin has the unfortunate side effect of potentially causing permanent vision loss. The latest results The big news came today with the release of data from a Phase 1 study of OV329 using a 7 mg dose (it had previously been tested at 3mg and 5mg), which reported "no treatment-related adverse events in the 7 mg cohort." In addition, after ophthalmic assessments, "no evidence of ophthalmic or retinal changes associated with OV329." Where next for Ovid Therapeutics The safety and tolerability data are exciting, and management announced a $60 million private placement , fr...

Public Storage Corp. agreed to acquire National Storage Affiliates Trust in an all-stock deal worth about $10.5 billion, including debt, expanding the self-storage giant’s footprint across the US as the sector consolidates following a pandemic-era boom. National Storage gained as much as 32%. Liana Baker, US deals managing editor, joins Dani Burger on "Bloomberg Deals." (Source: Bloomberg)

Wall Street Reacts To "Neutral" Fed Hold The digital ink on the Fed statement is still wet and the kneejerk reactions are already flying. Here is a small sample of the more notable ones, with opinions ranging from this was a dovish, neutral and hawkish statement. So right in the middle, perhaps as Powell intended: George Goncalves, MUFG: "this is a “neutral” statement from the FOMC.The statement tweaks are an attempt at trying to avoid sending any signals while conveying they are on guard for any growth shocks and inflation spillover from the Middle East Conflict.” Sue Hill, Federated Hermes: "the focus will remain on the Fed’s expectations for inflation and growth given the runup in oil prices. While Chair Powell may officially convey that it’s too soon to tell what the impact will be, we’ll see hints of the Fed’s thinking in any revisions to the summary of economic projections and the dot plot." Ira Jersey, Bloomberg Intelligence: "Somewhat less obvious in the statement about Middle East led-uncertainty, but the higher inflation expectations in the SEP are certainly a sign the Fed is more concerned about current oil inflation, and less about next year. So a level shift is more or less built into their forecasts. Given how little the statement and most of the SEP changed, we’ll have to wait to hear from Powell for the market to digest about the committee’s reaction function, as a lot of questions are likely to be asked about oil." David Russell, Tradestation: " The dovish camp is fading as stagflation takes hold. The Fed isn’t panicking about the Iran war yet, but the higher inflation estimate shows they’re ready to get more hawkish if needed. Policymakers are watching both sides of the mandate, but price stability is getting more important." Brian Jacobsen, Annex Wealth Management: " They’re only guessing about what will happen with oil prices, but inflation is projected to run 0.3 percentage points hotter without a material drag on growth. That could be optimisti...

Getty Images Shares of Parsons ( PSN ) have fallen to fresh lows, with shares falling to levels below the DOGE scare induced last year, despite the backdrop of continued macro uncertainty here. This did not really surprise me, as I started the year concluding that Parsons provided more doubts than answers, with organic growth coming in very soft and shares still trading at a premium earning multiple. That combination did not necessarily instill a lot of confidence heading into 2026. Right now shares have pulled back by nearly a quarter, trading down to $54 per share. This has reduced valuations a lot, and while that is comforting, in light of a stable to modestly higher guidance for 2026, appeal is rapidly improving here. Other, higher conviction ideas, including the areas of technology and defense, can be found at Value In Corporate Events . Moving Targets Halfway through January, Parsons announced a $375 million acquisition of Altamira Technologies Corp. Founded in 1999, the company provides advanced analytics, signals intelligence, cyber, missile warning, and space capabilities. The deal terms call for a $330 million upfront cash payment and an additional $45 million cash payment payable in the first quarter of 2027. The transaction is adding $200 million in sales, suggesting that just below a 2 times multiple will be paid, including the earn-out, in a deal adding about 3% to pro forma sales. The deal is valued at 12.8 times EBITDA, excluding costs and revenue synergies, implying a $29 million EBITDA contribution for margins reported in the mid-teens. The deal was followed by some news about orders being awarded to Parsons. This includes a $593 million contract extension from the Federal Aviation Administration, a $60 million contract by the Foothill Gold Line Construction Authority, a $91 million contract extension for OSIS by the Department of State, and another $125 million Task Order contract. Combined, these contracts run around $800-$900 million, which soun...

文章提及标的 能源 -- 美联储主席鲍威尔表示，能源（850101）价格上涨将推高整体通胀；现在判断中东局势对经济的全面影响还为时尚早。

文章提及标的 天然气 -- 原油 -- 美原油 -- 取暖油 -- 汽油 -- 美国WTI原油期货收报96.32美元/桶，NYMEX4月天然气（885430）期货收报3.06美元/百万英热单位，NYMEX4月汽油期货收报3.1美元/加仑，NYMEX3月取暖油期货收报4.2美元/加仑。

內地首用幹細胞再生胰島 為糖尿患者實現血糖自主調控 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】內地實現全球首例以內胚層幹細胞再生胰島為1型糖尿病患者進行微創移植手術，成功重建胰島功能和實現血糖自主調控。 中國科學院的研究團隊和上海長征醫院等學者，最近在國際上首次利用自體和異體幹細胞再生胰島進行微創移植，團隊指研究證明了無論是自體還是異體的再生胰島移植，都可以為1型糖尿病患者實現胰島功能重建和血糖自主調控，長期改善患者血糖水平，並有效減低併發症發生。 中國科學院分子細胞科學卓越創新中心研究員程新：「糖尿病的原來治療的方法也無非是原來的化藥、化學藥物，還有就是生物大分子的藥物，比方說胰島素。人工合成胰島素就是一個化學藥物的生物合成大分子，那麼現在我們已經進入到用活的細胞，用活的組織來替代性地治療，給大家『換零件』的方法去治癒疾病。從原來一個延緩疾病的發生，從一個『治標不治本』的方法，變成了真正能夠實現功能性治癒的，甚至完全治癒的一個階段，所以這是一個突破性的應該講顛覆性的治療新手段。」

Getty Images By Elior Manier Yesterday's stock-crude de-correlation was short-lived, as today quickly came with another (bad) surprise. Participants who were late to exit their positions ahead of this afternoon's key FOMC event woke up to a stock market bleeding once again from the escalations in the Middle East conflict. Oil and Dow Jones Negative Correlation. March 18, 2026 (Source: TradingView) Yesterday saw the celebrations of not only St Patrick's Day, but also the celebrations for the Iranian New Year (Nowruz). While Iranian people celebrated, the IRGC multiplied attacks on their populations and the rest of the Middle East. With a large attack of cluster-warhead ballistic missile s of Is rael o n c ivilian targets and similarly on Gulf countries , the IAF and US army retaliated on Iran's largest natural gas production site - the South Pars gas facility, very close to Qatar (which supplies close to 80% of Iran's nat gas demand). Energy commodities have hence rebounded from a previous correction. WTI is back closer to $100 from $92 overnight, and this isn't helping risk-taking the slightest. Oil 1H Chart - March 18, 2026 (Source: TradingView) With escalation risks now repriced, traders will have to watch whether oil breaks $100 closely - the action is stalling around $98 and $99 for now. A slow rise above would be trouble for Wall Street, as seen already in this morning's stock market drop. The Dow is leading to the downside (~ -1%), but other indexes and assets aren't faring much better. Daily Asset Performance (Courtesy of Finviz) The FOMC meeting will prove to be very essential for upcoming inflation and rate expectations and SEP projections. Communications, particularly during Powell's press conference, will have to be tracked very closely. If you haven't done so yet, go check out our FOMC preview ! Let's spot where today's rough price action is heading by looking at today’s mid-session charts and key FOMC trading levels for the major US indexes: the Dow Jon...

Key Points Carvana has posted strong financial results recently, but was boosted during the fourth quarter. Releasing its valuation allowance did a number of things, including positively impacting net income. However, needing to release its valuation says something about Carvana's future: It's more profitable and stable. 10 stocks we like better than Carvana › There are a number of reasons investors might want to buy into used-car retailer Carvana (NYSE: CVNA). One is simply momentum over the past three years, where the stock price has soared 4,300% compared to the S&P 500's 70% gain. Perhaps investors are buying into its more profitable, stable, and healthy growth, rather than growth at all costs from its early years. Savvy investors perhaps saw something many overlooked during Carvana's fourth quarter that could be the biggest buy signal yet. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » What is "valuation allowance"? During Carvana's fourth quarter, the company posted a record net income for the full year of $1.895 billion. Savvy investors also noticed the note that reads, "Net income in FY 2025 was positively impacted by ~$685 million associated with the release of our valuation allowance against our deferred tax assets and recording of the full tax receivable agreement liability." There's a lot to unpack in that one sentence, but let's start with deferred tax assets (DTAs). When a company loses money for an extended period of time, it accumulates DTAs that can reduce future tax obligations. Now, to have tax obligations means you have to have profits, but in the scenario that companies believe there is a greater than 50% chance it will never have the profits to claim these DTAs against, the company is required to set up a "valuation allowance." Essentially, Carvana's past losses have accumul...

Cloudflare (NYSE:NET) stock is up 8% in afternoon trading on Wednesday, with shares changing hands at around $228. The broader market is not participating, though: the S&P 500 is down on the day, making Cloudflare stock’s move stand out even more sharply against the tape. The catalyst is not a single news item. Instead, it’s ... Cloudflare Surges 8%: NVIDIA’s AI Boom Is Coming for the Edge and This Stock Is Ready

当地时间18日晚，以色列国防军宣布，以军前一天在黎巴嫩贝鲁特的空袭行动中打死一名“与真主党并肩作战的”伊朗民兵组织“伊玛目侯赛因旅”指挥官，该人名叫哈桑.阿里（BABA）.马尔万，生前主要负责协调该民兵组织与黎巴嫩真主党的联合行动以及指挥针对以色列和以军的袭击。(央视新闻)

Chinmayi Shroff/iStock via Getty Images Market review Despite significant bouts of volatility, global markets generally finished 4Q25 with positive returns. Expensive valuations and tight spreads amplified instances of underperformance and macro weakness. Those headwinds were offset, however, by nimble corporate actions to mitigate the impact of tariffs and by governments easing fiscal and monetary policy. In October, markets continued to ride 3Q momentum, generated by strong earnings and improved US-China trade relations. The US Federal Reserve (Fed) cut rates and announced an end to quantitative tightening. Global fixed income and equities rallied in unison. By the end of October, headwinds picked up that would remain for the rest of the year. First, the growing “circular” nature of artificial intelligence (AI) investment sparked hesitation across global equity markets. Second, budget disputes and plans for growing deficits inspired rate volatility, weighing on global fixed income markets. Finally, the US government shutdown restricted data availability, dividing the Fed and further adding to cross-asset volatility. Global markets reversed course in November and risk assets suffered, including emerging markets, Bitcoin, and global technology stocks. Continued weakness in Chinese economic data also weighed on emerging market returns, despite growing AI advances. Later in the month, higher-quality areas of developed market equities and global fixed income recovered with mild gains and renewed hope for further US monetary easing. Although equity markets outside the US had been strong all year, benefiting from the relative weakness of the dollar, US equities outperformed early in 4Q. In December, however, the dollar retreated, enabling European and emerging markets to post strong performance, once again outperforming US equities. December rate cuts implemented by both the Fed and Bank of England were met with rising global bond yields, in part due to rising rates in J...

Will Micron Technology Be the Next Tech Stock to Reach a $1 Trillion Market Cap? AOL.com

Time to normalize expectations for Nvidia after unprecedented hypergrowth: Cleo Capital 24/7 Wall St.

NVIDIA Corporation (NASDAQ:NVDA) has delivered one of the most extraordinary growth runs in corporate history. But Sarah Kunst of Cleo Capital thinks it may be time for investors to recalibrate expectations. Speaking after Jensen Huang’s GTC conference, where he extended and raised a previous forecast for AI infrastructure spending, Kunst put it this way: “Just ... Time to normalize expectations for Nvidia after unprecedented hypergrowth: Cleo Capital

Getty Images The iShares Core International Aggregate Bond ETF ( IAGG ) is an intermediate duration ex-US fixed income ETF, with quite a lot of focus on China, Japan and Europe, being the main geographies and macro backdrops to consider. The oil crisis is a general upward pressure on rates, and the reinflation risks are bad for the ETF due to the threat of upside to rates and also the credit risk affecting YTMs through higher credit spreads. There is also supply upside on bonds in Europe due to defense spending which is ramping. We are not positive on Japanese bonds due to the combined Yen risk and fiscal/debt level concerns that could lift longer term YTMs, and while the fulcrum for the Chinese yield curve steepening is at intermediate maturities, so mostly not a danger for IAGG, we fear geopolitical and war developments put upside to YTMs in China as well which is reliant on oil imports including from the Strait of Hormuz. While China may actually benefit from a weakening NATO alliance, which appears to be what is happening while Trump is in power, the generally changing world order is uncertain for intermediate term duration and raises conflict risk in our view and is therefore inflationary and presents another YTM upside that could hit IAGG in the future. In all, we don't see IAGG as a safe place to park at the moment, so it's appeal is limited. IAGG Breakdown The key data from the IAGG is the 6.27 year duration, weighted average maturity of almost 8 years, and the limited expense ratio at 0.07% . These are liquid products, but the geographic diversification certainly doesn't come at a significant cost where it's common to find intermediate term iShares fixed income ETFs with expense ratios around 0.15% . So the 0.07% is really good. Geographic mix IAGG (iShares.com) But the weighted average maturity combined with the considerable duration makes IAGG sensitive to intermediate changes in bond YTMs in the main Europe, Japan and Chinese geographies and therefore no...

美联储主席鲍威尔：预计2月PCE通胀为2.8%，核心PCE为3.0%。 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

Gradient Ventures has raised $220 million for its fifth seed fund. The firm which spun out from Google, now one of its limited partners, is doubling down on its strategy of backing the next wave of AI founders. Darian Shirazi, Gradient general partner, discusses opportunities, rising startup valuations and AI bubble concerns with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)

鲍威尔：短期通胀预期在最近数周上扬，大多数长期通胀预期与2%这一目标保持一致。 能源价格上涨，将推高整体通胀。 现在判断中东局势的全面经济影响还显得操之过急。 对能源市场的回应取决于通胀预期。 一系列冲击已经干扰到通胀进展。 如果没有看到通胀进展，就不会降息。 石油冲击在一定程度上影响到通胀预期。 我们考虑的主要事情是，降低商品通胀。 关税问题造成（通胀）进展缓慢，这影响到通胀预期。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。

Jensen Huang Says 'Supply Chain Is Getting Fired Up' For China: What Does It Mean For NVDA? Benzinga

特朗普再对古巴发出威胁 古巴称坚决抵抗侵略者 2026-03-19 02:32:40 来源： 同花顺7x24快讯 分享 当地时间17日，美国总统特朗普称，将很快对古巴采取行动。古巴国家主席迪亚斯-卡内尔当天回应说，任何外来侵略者都将遭遇坚不可摧的抵抗。此外，受美国制裁影响，古巴长期以来难以进口燃料和维修严重老化的发电厂所需设备，全国电力供应紧张。美国当前对古巴实施的燃油围困，已对古巴社会民生造成了严重冲击。(央视新闻)

Key Points CEO Larry Lei Wu sold 90,000 Class A shares for ~$3.82 million, across six open-market transactions from March 11 through March 13, 2026. This transaction represented 30.00% of Wu's indirect Class A holdings, reducing the indirect Class A position from 300,000 to 210,000 shares. The transaction involved no change to direct ownership; all activity was through indirect holdings via Ji Xiang Hu Tong Holdings Limited and related entities. 10 stocks we like better than GigaCloud Technology › Chief Executive Officer Larry Lei Wu reported the indirect sale of 90,000 Class A ordinary shares of GigaCloud Technology (NASDAQ:GCT), a global B2B ecommerce platform for large goods, in multiple open-market transactions between March 11 and March 13, 2026, for total proceeds of approximately $3.82 million according to the SEC Form 4 filing. Transaction summary Metric Value Shares sold (indirect) 90,000 Transaction value ~$3.8 million Post-transaction shares (indirect) 210,000 Transaction value based on SEC Form 4 weighted average purchase price ($42.49). Key questions How does the size of this transaction compare to Larry Lei Wu's past Class A sales? The 90,000 shares sold align closely with the recent median sell size of 88,000 shares per transaction from May 2024 through March 2026, suggesting this activity follows Wu's established trading pattern. The 90,000 shares sold align closely with the recent median sell size of 88,000 shares per transaction from May 2024 through March 2026, suggesting this activity follows Wu's established trading pattern. What proportion of Wu's total Class A exposure was affected? This sale accounted for 30.00% of the reported indirect Class A holdings, with Wu’s remaining indirect Class A holding at 210,000 shares after the transaction. This sale accounted for 30.00% of the reported indirect Class A holdings, with Wu’s remaining indirect Class A holding at 210,000 shares after the transaction. What is the ownership structure underlying this...

The FBI has resumed purchasing reams of Americans’ data and location histories to aid federal investigations, the agency’s director, Kash Patel, testified to lawmakers on Wednesday. This is the first time since 2023 that the FBI has confirmed that it was buying access to people’s data collected from data brokers, who source much of their information — including location data — from ordinary consumer phone apps and games, per Politico. At the time, then-FBI director Christopher Wray told senators that the agency had bought access to people’s location data in the past, but that it was not actively purchasing it. When asked by U.S. Senator Ron Wyden, Democrat of Oregon, if the FBI would commit to not buying Americans’ location data, Patel said that the agency “uses all tools… to do our mission.” “We do purchase commercially available information that is consistent with the Constitution and the laws under the Electronic Communications Privacy Act — and it has led to some valuable intelligence for us,” Patel testified Wednesday. Wyden said buying information on Americans without obtaining a warrant was an “outrageous end-run around the Fourth Amendment,” referring to the constitutional law that protects people in America from device searches and data seizures. Sen. Wyden: Can you commit to not buying Americans' location data?Kash Patel: The FBI uses all tools to do our mission — Headquarters (@headquartersnews.bsky.social) 2026-03-18T15:54:43.567Z A spokesperson for the FBI did not respond to questions about the agency’s purchases of commercial data, including how often the FBI obtained location data and from which brokers. Government agencies typically have to convince a judge to authorize a search warrant based on some evidence of a crime before they can demand private information about a person from a tech or phone company. But in recent years, U.S. agencies have skirted this legal step by purchasing commercially available data from companies that amass large amounts ...

美联储主席鲍威尔：住房部门活动疲软。 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. Robinhood is now beta testing a Twitter-like social media platform it calls Robinhood Social. The trading-focused platform was announced last September at the company’s HOOD Summit, but it’s rolling out to 1,000 people who attended the event and will expand to “an additional 10,000 customers over the coming weeks,” according to Robinhood. On Robinhood Social, which, based on screenshots, looks a lot like Twitter or Threads, users will be able to create a profile, make posts about their trades, and complete trades from their feed. The company is also promising to launch additional features during the beta, including news feeds and “the ability to follow insiders, hedge funds, and politicians.” Robinhood aims to bring Robinhood Social out of beta “as quickly as possible.” Image: Robinhood “We’ve heard directly from active traders that they rely heavily on social media to navigate the markets,” Robinhood says. “But in this day and age, it’s harder than ever to understand what’s real and what isn’t. We’re hoping to change that with Robinhood Social, where customers will be able to follow other Robinhood traders, swap strategies, discuss market moves, and trade with clarity. Plus, they can trust that every customer profile belongs to a real person, verified through KYC.”

鲍威尔：失业率自去年夏天以来变化不大。 免责声明： 风险提示：本文内容仅供参考，不代表同花顺观点。同花顺各类信息服务基于人工智能算法，如有出入请以证监会指定上市公司信息披露平台为准。如有投资者据此操作，风险自担，同花顺对此不承担任何责任。

Actors, musicians and writers have welcomed the UK government’s decision to backtrack on plans to let AI firms use copyright-protected work without permission. Technology secretary Liz Kendall said it no longer had a “preferred option” on copyright reform, having previously supported a proposal allowing tech companies to take copyrighted work – unless rights holders opted out of the process. “We have listened,” said Kendall on Wednesday, “we have engaged extensively with creatives, AI firms, industry bodies, unions, academics and AI adopters, and that engagement has shaped our approach. This is why we can confirm today that the government no longer has a preferred option.” The proposal had triggered a backlash from Sir Elton John, who called the government “absolute losers” over the plans. Dua Lipa, Abba’s Björn Ulvaeus, the actor Julianne Moore and the Radiohead singer Thom Yorke are among thousands of artists who have voiced their concerns over the potential legal overhaul. Creative industry organisations welcomed the new government stance. Equity, the actors’ trade union, said the move was “recognition that selling out the UK’s creative industries to benefit US tech companies would’ve been an act of national self-sabotage”. UK Music, a trade body representing the UK music industry including the Musicians’ Union, said it was “delighted” but urged the government to rule out the proposal altogether. The Society of Authors said the announcement was a “hard-won” moment for writers and creators, while the News Media Association – whose members include the Guardian – said giving away the UK’s “goldmine” of creative content was not the way to drive economic growth. Intellectual property has become a key battleground in the development of AI because the technology requires vast amounts of data, including copyright-protected work taken from the open web, to develop tools such as chatbots and image generators. Ed Newton-Rex, a composer and campaigner for protecting artists’...