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April 7 (Reuters) - Levi Strauss (LEVI.N), opens new tab on Tuesday raised its annual sales and profit forecasts after beating first-quarter estimates, as resilient demand for its premium denims and strength in its direct-to-consumer business helped offset a hit from U.S. tariffs. The jeans maker has been working to blunt the impact of higher U.S. import duties through a mix of price hikes, cost controls, supplier negotiations and a diversified sourcing base that is less reliant on China. In J ...Read More >
Sam Altman is the latest tech exec to get a seat at the political table. The OpenAI cofounder and CEO is cochairing the transition team for San Francisco mayor-elect Daniel Lurie, Lurie announced Monday. The other cochairs include alums from local government and nonprofits, as well as Ned Segal, Lurie's campaign cochair and Twitter's former CFO. "I'm excited to help the city I love, and where OpenAI was started, as it begins its next chapter with Mayor-elect Lurie stepping into his new rol ...Read More >
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