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AP Top Business News at 12:28 p.m. EST

Europe was set to lead the world on AI regulation. But can leaders reach a deal?

Google launches Gemini, upping the stakes in the global AI race

The West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?

Under Putin, the uber-wealthy Russians known as ‘oligarchs’ are still rich but far less powerful

Big bank CEOs warn that new regulations could harm the economy

Stock market today: Wall Street hangs near a 20-month high, and oil prices fall sharply again

Bank of England will review the risks that AI poses to UK financial stability

Oregon power company to pay nearly $300 million to settle latest lawsuit over 2020 wildfires

China raises stakes in cyberscam crackdown in Myanmar, though loopholes remain