10 Mktx 06-Related Links

Wall Street banks scrub DEI language from websites in latest retreat from corporate wokeness: report – New York Post
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Major Wall Street banks are reportedly scrubbing DEI verbiage from their websites in the latest industry retreat since Donald Trump took office and took aim at corporate wokeness.

JPMorgan Chase, Morgan Stanley and Citigroup have been erasing so-called diversity, equity and inclusion language from their websites, people familiar with the matter told The Wall Street Journal.

Wells Fargo and Bank of America have also started to scrutinize their own DEI language, some of the people told the Journal.

Morgan Stanley, Wells Fargo, Bank of America and HSBC did not immediately respond to requests for comment.

Who are the frontrunners to be elected next pontiff after Pope Francis? – New York Post
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As Pope Francis, the oldest pope in over a century, continues to decline in health, speculation is percolating as to who will next be elected as the most powerful Catholic in the world.

The 88-year-old pontiff developed pneumonia in both lungs over the weekend and will remain hospitalized as he battles the infection, according to the Vatican.

Technically any Roman Catholic man can be elected as the heir to St. Peter, though invariably one of the 253 cardinals from around the world will don the papal tiara.

Tesla Moves to Toss Infringement Suit Over Self-Driving Patents – Bloomberg Law
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Tesla Inc. urged a federal judge to ax the majority of a lawsuit accusing its self-driving cars of infringing a trio of autonomous vehicle patents.

Granite Vehicle Ventures LLC’s infringement claims related to US Patent Nos. 11,738,765 and 12,037,004 should be dismissed because the firm failed to plead “any facts whatsoever to allege infringement” of the two inventions, Tesla argued in a motion filed Feb. 14 in the US District Court for the Eastern District of Texas. The electric vehicle giant also moved to transfer the suit to a California federal court, but filed the motion under seal because it …

Mark Zuckerberg Follows Elon Musk’s Footsteps As Meta Reportedly Plans Major Investment Into AI-Powered Humanoid Robots – Yahoo Finance
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Mark Zuckerberg could be following Elon Musk’s footsteps, as Meta Platforms Inc. (NASDAQ:META) is reportedly planning a significant investment into AI-powered humanoid robots.

What Happened: Meta is forming a new team within its Reality Labs hardware division to spearhead this initiative, according to Bloomberg.

The tech giant plans to develop its own humanoid robot hardware, initially focusing on household tasks. The broader aim is to create AI, sensors, and software for robots that other companies will manufacture and sell.

Meta has started discussions with robotics firms like Unitree Robotics and Figure AI Inc.

New hate speech laws tackling antisemitism to be introduced in NSW parliament today – ABC News
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New laws will be introduced into the New South Wales parliament on Tuesday which the government says will “confront hate speech”, and establish a new criminal offence for intentionally inciting racial hatred.

Attorney-General Michael Daley said the legislation is designed “to crack down on the really unacceptable spate of escalating and troubling graffiti, racial hatred and antisemitism we’ve seen lately in New South Wales”.

It would create a new criminal offence for intentionally inciting racial hatred, with a maximum penalty of up to two years’ jail, or fines of up to $11,000, if found guilty.