Stocks Set to Extend Gains on Fed Rate Cut Hopes; OpenAI Names New Board Members; JAB to Sell Part of Keurig Stake; China Manufacturing Slumps
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U.S. stock futures rose on Friday, poised to extend gains after inflation data bolstered hopes for a Fed interest rate cut mid-year.
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OpenAI plans to name new board members in March amid regulatory scrutiny over its leadership upheaval last November.
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JAB Holdings will sell up to $3 billion worth of its stake in Keurig Dr Pepper through a secondary offering.
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China's official manufacturing PMI slowed as expected in February, remaining in contraction territory for the 5th straight month.
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Oil prices were little changed as high U.S. production and OPEC output offset optimism that easing inflation could lead the Fed to cut rates.