* Hedge funds reduce tech stock bets amid Chinese AI competition * Goldman Sachs ( GS ) notes hedge funds' reluctance to invest in U.S. tech sector * DeepSeek challenges U.S. AI dominance, raising investor concerns By Nell Mackenzie LONDON, Jan 27 (Reuters) - Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue...

07:47 AM EST, 01/27/2025 (MT Newswires) -- Tesla (TSLA) last week filed a lawsuit in court in Luxembourg against the European Commission, according to the website of Court of Justice of the European Union. Tesla is joining three Chinese carmakers BYD, SAIC and Volvo-owner Geely in challenging the European Union's duties on made-in-China electric vehicles, multiple media outlets reported Monday....

07:47 AM EST, 01/27/2025 (MT Newswires) -- Investors will get the advance reading on Canada's wholesale trade for December at 8:30 a.m. ET on Monday, noted Bank of Montreal (BMO). There's plenty to chew on later in the week, with the monthly real gross domestic product report for November out on Friday. The bank is looking for a 0.1% decline...

07:50 AM EST, 01/27/2025 (MT Newswires) -- Akero Therapeutics ( AKRO ) said Monday that a phase 2b study of its lead product candidate efruxifermin showed a statistically significant reversal of compensated cirrhosis caused by metabolic dysfunction-associated steatohepatitis, or MASH. The company said that among patients with baseline and week 96 biopsies, 39% of those treated with efruxifermin showed reversal...