News on this topic
Texas yanks $8.5B from Larry Fink's BlackRock in 'massive blow against the scam of ESG'
foxbusiness.com/politics/texas-pulls-8-5-billion-blackrock-stunning-blow-esg-movement
Texas schools fund pulls $8.5 billion from BlackRock over ESG policies: A Texas schools fund said it told BlackRock on Tuesday it would terminate a contract to ...
reuters.com/sustainability/sustainable-finance-reporting/texas-schools-fund-pulls-85-billion-blackrock-over-esg-policies-2024-03-19/
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Texas yanks $8.5B from Larry Fink's BlackRock in 'massive blow against the scam of ESG'
foxbusiness.com/politics/texas-pulls-8-5-billion-blackrock-stunning-blow-esg-movement
Texas schools fund pulls $8.5 billion from BlackRock over ESG policies: A Texas schools fund said it told BlackRock on Tuesday it would terminate a contract to ...
reuters.com/sustainability/sustainable-finance-reporting/texas-schools-fund-pulls-85-billion-blackrock-over-esg-policies-2024-03-19/
Pro-Palestinian protests expand where are the hot spots?: Students are now protesting against the war in Gaza at dozens of universities and occupying campuses ...
nzz.ch/propalaestinensische-proteste-weiten-sich-aus-wo-sind-die-brennpunkte-ld.1827942
Quick Glance: Pro-Palestinian Protests: An Overview
- Pro-Palestinian protests spread across US universities, with some demands being antisemitic.
- Originating at Columbia University, the movement expanded nationwide.
- Students call for ending ties with Israel, university administrations react diversely.
- Protests mostly peaceful, potential continuation post-semester.
BlackRock steps up security for Larry Fink after ‘anti-woke’ backlash: Asset manager’s chief has become a popular target for criticism over its ESG investing ...
ft.com/content/c1296bc4-978b-45c3-83db-c798d2439062
Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature
apnews.com/article/tiktok-ban-congress-bill-1c48466df82f3684bd6eb21e61ebcb8d
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
In the face of bans, ByteDance tightens grip over US TikTok operations: Relationship between TikTok, ByteDance deepens as tensions over the app’s ownership ...
ft.com/content/0e040c03-e979-4acd-a6aa-6298301dcc42
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
The 71-Day Inflow Boom Ends for BlackRock’s Bitcoin ETF Giant: For 71 days in a row, BlackRock Inc.’s Bitcoin fund enjoyed a remarkable run ...
bloomberg.com/news/articles/2024-04-25/the-71-day-inflow-boom-ends-for-blackrock-s-bitcoin-etf-giant
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Seattle hospital won’t turn over gender-affirming care records in lawsuit settlement with Texas
apnews.com/article/seattle-hospital-texas-records-paxton-e1d308835657c40e2e176d7f11d7f749
Quick Glance: Seattle Children’s to Exit Texas Due to Gender-Affirming Care
- Seattle Children’s Hospital will forego its ability to do business in Texas as part of an agreement with the state’s Attorney General to stop inquiries into gender-affirming care for Texas patients.
- Last year, Attorney General Ken Paxton attempted to compel Seattle Children’s to turn over information about gender-affirming care that Texas patients may have received at the facility. The hospital sued Paxton, stating that the office doesn’t have jurisdiction over patient records in Washington.
- Seattle Children’s will 'voluntarily withdraw its registration to transact business in the State of Texas' by the end of the week. Paxton’s office will rescind its civil investigative demand and its request for a sworn written declaration served to the hospital in November.
- Paxton also requested information on patients from Texas who received gender-affirming care services at the Seattle hospital, including diagnoses details, prescribed medications, and other treatment protocols. Additionally, his office asked for similar records from a telehealth clinic in Georgia.
Faculty to hold no-confidence vote in UT-Austin president: President Jay Hartzell defended the response but faculty criticized the presence of armed state ...
texastribune.org/2024/04/25/ut-austin-palestine-protest-fallout/
Police arrest pro-Palestine protesters at UT-Austin: Authorities told students they could face criminal trespass charges if they didn’t disperse ...
texastribune.org/2024/04/24/ut-austin-israel-hamas-war-palestine-student-arrests/
BlackRock buys shares of two companies for Rs 207 crore via open market: US-based asset manager BlackRock on Friday acquired shares of Electrosteel Castings and ...
business-standard.com/companies/news/blackrock-buys-shares-of-two-companies-for-rs-207-crore-via-open-market-124041901211_1.html
Congress Speeds TikTok Ban Bill By Adding It To Ukraine, Israel, Taiwan Aid Package
forbes.com/sites/johannacostigan/2024/04/18/new-legislative-package-proposes-aid-for-ukraine-israel-taiwan-and-banning-tiktok/
Oracle plans to move headquarters to Nashville: Oracle plans to move its headquarters to Nashville, four years after departing Bay Area
sfchronicle.com/tech/article/oracle-hq-nashville-19418940.php
BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas: BlackRock is seeking to expands ties with rich investors and calm a backlash over ...
barrons.com/articles/blackrock-memo-esg-wealth-texas-00cdb6ba
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US student protests: ‘You see a lot of hate on campus’: In the sunshine, the pro-Palestine encampment in Columbia University looks like the luxury section of a ...
irishtimes.com/world/us/2024/04/26/us-student-protests-you-see-a-lot-of-hate-on-campus/
Quick Glance: USC Main Commencement Canceled Amid Gaza War Protests
- Protests against the Israel-Hamas war prompt the cancellation of USC's main graduation ceremony and numerous arrests at campuses nationwide.
- Universities are grappling with protests that could disrupt upcoming commencement ceremonies and are considering changes to regulations regarding encampments and exams.
- Some students demand schools sever ties with Israel, leading to accusations of antisemitism and concerns about safety on campus.
- The wave of protests, inspired by events at Columbia University, has led to civil rights investigations into universities facing protests and complaints of discrimination amidst the Israel-Hamas conflict.
BlackRock’s Kapito Says Stocks Are Primed for a Comeback: BlackRock Inc.’s Robert Kapito says the stock market is poised to benefit as investors deploy their ...
bloomberg.com/news/articles/2024-04-16/blackrock-s-kapito-says-shrunken-markets-are-primed-for-comeback
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BlackRock-backed Decarbonization Partners raises $1.4 bln for first fund: Climate-focused investor Decarbonization Partners, a tie-up between BlackRock and ...
reuters.com/business/blackrock-backed-decarbonization-partners-raises-14-bln-first-fund-2024-04-25/
Fed to Cut Interest Rates Twice in 2024, BlackRock’s Rick Rieder Says: Bond investors confronting a painful run-up in yields in the past month may soon find ...
bloomberg.com/news/articles/2024-04-22/blackrock-s-rieder-sees-scope-for-two-fed-rate-cuts-this-year
Tesla's plan for affordable cars takes page from Detroit rivals: Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — ...
reuters.com/business/autos-transportation/teslas-plan-affordable-cars-takes-page-detroit-rivals-2024-04-26/
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...
reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/
Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory
- Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.
- The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.
- Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.
- The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.
Appeals Court Dismisses Defamation Suit Against ProPublica, Houston Chronicle: The news outlets’ 2018 investigation into famed Houston heart surgeon Bud Frazier ...
propublica.org/article/texas-appeals-court-dismisses-defamation-suit-propublica-houston-chronicle-frazier
China's ByteDance denies plans to sell TikTok in US: Earlier reports had suggested ByteDance planned to sell the app, without its powerful algorithm ...
dw.com/en/chinas-bytedance-denies-plans-to-sell-tiktok-in-us/a-68926751
Texas court halts poverty relief program after Paxton’s ’emergency’ petition: In his campaign to block a Houston-area guaranteed basic income program ...
thehill.com/homenews/state-watch/4615391-ken-paxton-emergency-petition-basic-income-program/
EXCLUSIVE: SpaceX reported 5.9 injuries per 100 workers in 2023 at its Brownsville, Texas, manufacturing-and-launch facility, surpassing its rate of 4 ...
reut.rs/3WaJa5f
BlackRock, Fidelity Intl. Call on Japanese Firms to Abolish Cross-Shareholdings: An investor group representing asset managers including BlackRock Inc ...
bloomberg.com/news/articles/2024-04-25/investor-group-calls-for-zero-cross-shareholdings-at-japan-firms
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Tarrant County DA challenges Crystal Mason’s acquittal: A Texas appeals court recently overturned Mason’s five-year prison sentence for casting a provisional ...
texastribune.org/2024/04/25/crystal-mason-illegal-voting-texas-tarrant-county/
After mass arrest, UT Austin split over role of police in pro-Palestine protests: AUSTIN — The day after 57 people were arrested during protests on the ...
thehill.com/homenews/state-watch/4622593-ut-austin-pro-palestine-protests-mass-arrest-divided-police-role/
Larry Fink's BlackRock Hunts for Growth in Saudi Investment Boom: The kingdom is plowing billions into infrastructure and investments—and Larry Fink is out ...
bloomberg.com/news/articles/2024-04-16/larry-fink-s-blackrock-hunts-for-growth-in-saudi-investment-boom
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Texas State Troopers in Riot Gear Crack Down on UT Students' Gaza Protest: "Why do we even have these institutions of higher learning if we won't let ...
commondreams.org/news/ut-austin-police
Tesla asks shareholders to help Elon Musk get paid $56 billion: Tesla's stock has slumped in 2024 amid concerns about middling demand for EVs
axios.com/2024/04/17/elon-musk-pay-package-tesla-delaware-court
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
- Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.
- The company asserts that implementing the plan is crucial for Tesla's future growth.
- Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
Tesla just asked shareholders to approve Elon Musk's nixed $56 billion pay plan again
qz.com/tesla-elon-musk-investors-approve-compensation-pay-plan-1851415316
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Is a New Age on the Horizon for 401(k) Participants?: As BlackRock launches its target-date series with annuities, we look back at the history of ...
morningstar.com/financial-advice/is-new-era-horizon-401k-participants
Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report
apnews.com/article/tesla-layoff-workforce-sales-decline-ee35abc216b5aeb222068500b916ef14
Texas lawmakers establish new school safety policies: Texas lawmakers have mandated armed guards at every public school, panic buttons in classrooms and more ...
texastribune.org/2024/04/24/texas-public-school-safety-guide/
Remnants of bird flu virus found in pasteurized milk, FDA says: U.S. health officials say samples of pasteurized milk have tested positive for remnants of the ...
apnews.com/article/bird-flu-milk-virus-pasteurization-c7eef7b46b08961c1965a0eb30932b3a
Quick Glance: Key Insights on Bird Flu-Traced Milk Safety
- FDA confirms traces of bird flu in milk, but emphasizes low public risk.
- Although genetic material of the virus was found in milk, tests show no infectious or live form.
- Authorities have not conducted specific studies on bird flu inactivation in cow's milk through pasteurization.
- Experts stress that milk with bird flu traces is safe as long as it is pasteurized and sourced from infected cows.
Here’s what the law says about protesting on Texas college campuses: Students can generally peacefully protest, regardless of their viewpoint ...
texastribune.org/2024/04/24/protest-texas-college-campus-free-speech-rights/
Dozens arrested at U of Texas, USC as anti-Israel protests spread to more US campuses
timesofisrael.com/dozens-arrested-at-u-of-texas-usc-as-anti-israel-protests-spread-to-more-us-campuses/
Express bankruptcy: Full list of mall brand’s 95 stores marked for closure: The clothing retailer is shuttering stores in New York, California ...
fastcompany.com/91110749/express-files-for-bankruptcy-closes-95-store-locations-full-list
As demand for US LNG booms, one plant struggles to stay online: The second-largest U.S. liquefied natural gas (LNG) export facility has been running below 80% of ...
reuters.com/business/energy/demand-us-lng-booms-one-plant-struggles-stay-online-2024-04-25/
Blackrock: An Attractive Setup To Buy A Globally Leading Franchise: BlackRock outperformed estimates in Q1 2024, as the world's leading investment franchise saw ...
seekingalpha.com/article/4684880-blackrock-an-attractive-setup-to-buy-a-globally-leading-franchise
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Tony Gonzales blasts fellow Republicans as ‘scumbags,’ klansmen: Gonzales’ interview on CNN infuriated members of the House Freedom Caucus ...
texastribune.org/2024/04/22/tony-gonzales-republicans-matt-gaetz-scumbags/
Quick Glance: House Republican Infighting Escalates Post Foreign Aid Vote
- After passing a comprehensive $95 billion foreign aid package, intense disputes among House Republicans have heightened within the chamber.
- Many Republican members are frustrated with colleagues who vote against laws instead of seeking compromises within the party.
- A persistent bloc of Republicans advocates for ideological purity, insisting on a firm stance in negotiations with the Democrats.
- The internal conflicts have spilled over into the campaign trail, with some Republicans advocating for measures against the hardline faction.
Javier Milei and Elon Musk are giga happy. Does anyone care?: On April 12, the Argentine president and Tesla CEO visited the company's gigafactory in Austin ...
lemonde.fr/en/m-le-mag/article/2024/04/21/javier-milei-and-elon-musk-are-giga-happy-does-anyone-care_6669063_117.html
Quick Glance: Javier Milei and Elon Musk: Business, Fashion, and Thumbs-Up Gesture
- The Argentine president and Tesla CEO visited the company's gigafactory in Austin, Texas, to freely discuss business on April 12.
- Milei and Musk met in Texas, visited Tesla Giga Texas factory, and had extensive conversations about the importance of free markets and defending freedom ideas.
- Musk recently lost 15 kilograms and shared insights into his diet, including deprivation, intermittent fasting, and Ozempic, an anti-diabetic medication.
- Both dressed in unique outfits, featuring cargo pants, skinny jeans, and cowboy accessories, expressing their enthusiasm with thumbs-up gestures.
Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b
Tesla (TSLA) Global Job Cuts Includes Layoffs in Austin: Tesla Inc. plans to cut more than 6,000 jobs across Texas and California as part of Chief Executive ...
bloomberg.com/news/articles/2024-04-23/tesla-to-cut-2-688-roles-in-texas-as-it-slashes-global-workforce
New technology helps US shale oil industry start to rebuild well productivity: Technology advances are making it possible for U.S. shale oil and gas companies to ...
reuters.com/markets/commodities/new-technology-helps-us-shale-oil-industry-start-rebuild-well-productivity-2024-04-24/
Texas abortion transfer proposal worries doctors, lawyers: The proposed guidance from the Texas Medical Board would require doctors to document whether there was ...
texastribune.org/2024/04/25/texas-medical-board-abortion/
What counts as a medical exception for abortion? Depends who you ask.: Doctors say they fear that following their medical judgment could cost them their license ...
politico.com/news/2024/04/23/doctors-abortion-medical-exemptions-00153317
Quick Glance: Supreme Court Divided on Emergency Abortion Access: Highlights
- The Supreme Court seems divided on access to emergency abortions in states with near-total bans.
- The 1986 Emergency Medical Treatment and Labor Act could impact abortion access in emergencies.
- The debate raises questions about fetal personhood and abortion rights conflict.
- The court's decision could affect abortion access in 14 states with strict abortion bans.
McCaul says respect for Johnson ‘has gone way up’ after passing foreign aid package
thehill.com/homenews/house/4609500-mccaul-says-respect-for-johnson-has-gone-way-up-after-passing-foreign-aid-package/
Quick Glance: Ukrainian President Thanks US for Weapon Aid
- Ukrainian President Zelenskyy thanked U.S. political leaders for approving an aid package for Ukraine, providing the country with a chance at "victory" in its defense against Russia.
- The House passed a bill granting Ukraine $60.8 billion in aid, with Zelenskyy urging swift Senate approval to ensure rapid assistance to frontline soldiers.
- Zelenskyy emphasized the critical need for long-range weapons and air defense systems to stabilize the situation and regain the initiative in Ukraine.
- He addressed rumors of a territorial deal with Russia, emphasizing the importance of a strategy based on concrete democratic measures to end the war.
Live news: Police presence grows as pro-Palestine protests spread across US campuses
ft.com/content/712b2c1e-e9b2-430e-bcf6-ddc3c2874d4c
BlackRock’s Larry Fink Expects Fed to Cut Rates Once or Twice in 2024 - Bloomberg
bloomberg.com/news/articles/2024-04-12/blackrock-s-fink-expects-fed-to-cut-rates-once-or-twice-in-2024
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Not Just Columbia: Pro-Palestine Protests Roil Campuses Nationwide: Many of the demonstrations were meant to urge schools to divest from military contractors ...
thedailybeast.com/several-students-arrested-at-massive-ut-austin-pro-palestine-protest
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Review: Tim McGraw was on all night like a porch light at Xcel Energy Center: His hit-filled show in St. Paul included unexpected dancing (well sort of) and an ...
startribune.com/tim-mcgraw-carly-pearce-randall-king-xcel-energy-center-faith-hill-naz-reid-taylor-swift/600360503/
Mick Jagger visits NASA before Rolling Stones’ Houston concert: Mick Jagger posted photos Friday of a visit to NASA ahead of the Rolling Stones' concert Sunday ...
houstonchronicle.com/news/houston-texas/trending/article/rolling-stones-mick-jagger-nasa-houston-19425061.php
Police detain pro-Palestinian protesters on University of Texas campus: Texas state police detained multiple pro-Palestinian demonstrators Wednesday on the ...
thehill.com/homenews/education/4618680-palestinian-protesters-university-of-texas/
Bond Funds Dangling 5% Yields Lure Cash Back to Active Managers: Bond powerhouses including Pacific Investment Management Co., BlackRock Inc ...
bloomberg.com/news/articles/2024-04-19/bond-funds-dangling-5-yields-lure-cash-back-to-active-managers
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Matador (MTDR) Sees Oil Output Rise in Q1 on New Mexico Well Performance: Matador Resources Co. pumped more oil than expected in the first three months of 2024 ...
bloomberg.com/news/articles/2024-04-23/permian-producer-matador-is-pumping-more-oil-than-expected
A Texas county responds to demands for ballot hand-counts: Brazos County election officials are responding to demands from skeptical residents by expanding hand ...
texastribune.org/2024/04/23/brazos-county-elections-skeptics/
State responses to student protests fall along red vs. blue lines: Pro-Palestinian protesters on college campuses are getting very different responses from ...
thehill.com/homenews/education/4624778-state-student-protests-red-vs-blue-israel-gaza-hamas/
A Texas appellate court upheld a decision to reject attorney disciplinary charges against Donald Trump ally Sidney Powell ...
reut.rs/3Q7IwBz
1 dead, 13 injured after 18-wheeler intentionally crashed into Texas public safety office
ctvnews.ca/world/1-dead-13-injured-after-18-wheeler-intentionally-crashed-into-texas-public-safety-office-1.6845079
Quick Glance: Semitrailer Crashes into Public Safety Building Intentionally
- A Texas semitrailer driver crashed a stolen 18-wheeler through a public safety building after his commercial driver's license renewal was rejected, resulting in one death and 13 injuries.
- The driver, identified as Clenard Parker, was detained after attempting to ram the building again and is facing multiple felonies without specified charges.
- Law enforcement's swift response was praised for averting potential further casualties in the violent act.
- The Texas Rangers are leading the investigation into the incident, which required a heavy police presence to manage the impact of the attack.
US to award Samsung $6.4 bln in grants for Texas chip production complex: The Biden administration will award up to $6.4 billion in grants to South Korea's ...
reut.rs/3w4hu7k
Interest in NHL expansion team in Atlanta stronger than you think: Whether it happens that the NHL sets up shop in Atlanta for a third time remains to be seen ...
ajc.com/sports/ken-sugiura/interest-in-nhl-expansion-team-in-atlanta-stronger-than-you-think/L62CABINVZFKDF6AZCX3WJ5A4Q/
More than 250 musicians call for concert ticketing reform: More than 250 musicians, including notable figures such as Billie Eilish and Lorde ...
thehill.com/blogs/in-the-know/4624735-billie-eilish-green-day-lorde-concert-ticketing-reform/
Noncitizen voting isn't an issue in federal elections, regardless of conspiracy theories. Here's why
apnews.com/article/trump-immigrant-voting-noncitizens-elections-explained-cf4c73b336147b5f5d9c2a22b2564994
Quick Glance: Trump's Favorite Theme: Dishonest 'Noncitizen Voting'
- House Speaker Mike Johnson's 'election security' event at Mar-a-Lago will focus on legislation targeting noncitizen voting.
- Despite existing bans and rare noncitizen votes, the debate aims to boost Trump's presidential candidacy.
- Laws from 1996 prohibit noncitizen voting in federal and state elections, yet some municipalities in some states allow it.
- Trump and allies falsely claim noncitizens vote in elections, while data shows minimal incidents. The debate serves as a political maneuver and distracts from actual election issues.
Employee non-compete ban challenged in court by US business groups: Lawsuit from US Chamber of Commerce and other groups argues rule approved by FTC will hurt ...
ft.com/content/72a91385-0681-4323-884e-2ebb190da236
Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits
- The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.
- The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.
- Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.
- Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.
Chamber of Commerce Sues to Block FTC Ban on Anti-Worker Noncompete Agreements: "Why does the U.S. Chamber of Commerce hate dynamism in the American economy ...
commondreams.org/news/chamber-of-commerce-ftc-noncompetes
SpaceX asks Texas judge to block NLRB case over severance agreements: SpaceX has asked a Texas federal judge to block the National Labor Relations Board from ...
reuters.com/legal/litigation/spacex-asks-texas-judge-block-nlrb-case-over-severance-agreements-2024-04-26/
Migrants shipped to Martha's Vineyard by Gov. Ron DeSantis given crime victim visas
nypost.com/2024/04/23/us-news/migrants-shipped-to-marthas-vineyard-by-gov-ron-desantis-given-crime-victim-visas/
Texas Republicans urge for full Senate impeachment trial: Two Texans are among 11 House impeachment managers initiating a trial of the Homeland Security ...
texastribune.org/2024/04/16/michael-mccaul-august-pfluger-mayorkas-impeachment/
Latest Oil Prices, Market News and Analysis for April 26: Oil headed for a narrow weekly gain ahead of US inflation data that will give further clues on the path ...
bloomberg.com/news/articles/2024-04-25/latest-oil-market-news-and-analysis-for-april-26
Even immigration restrictionists stay away from GOP’s ‘invasion’ rhetoric: Republican use of the term “invasion” is putting party officials at odds with the ...
thehill.com/latino/4606438-immigration-gop-southern-border-invasion/
COVID-19: How the search for the pandemic's origins turned poisonous: The Chinese government froze meaningful efforts to trace the origins of the coronavirus ...
apnews.com/article/china-covid-virus-origins-pandemic-lab-leak-bed5ab50dca8e318ab00f60b5911da0c
Tesla cuts prices for 3 of its EV models in US following a difficult week: Tesla knocked USD 2,000 off the prices of three of its five models in the United ...
business-standard.com/world-news/tesla-cuts-prices-for-3-of-its-ev-models-in-us-following-a-difficult-week-124042000759_1.html
These 37 House Democrats and 21 Republicans voted against Israel aid: Despite bipartisan opposition, the Israel aid bill garnered a majority and will be taken up ...
businessinsider.com/which-house-democrats-republicans-vote-against-israel-gaza-aid-2024-4
Texans in U.S. House split on Ukraine, Israel aid: Hardline conservatives opposed the bills without more legislation to harden the southern border ...
texastribune.org/2024/04/20/texas-congress-ukraine-israel-tik-tok/
Texas School Districts Violated an Election Transparency Law: ProPublica and The Texas Tribune analyzed 35 Texas school districts that held trustee elections ...
propublica.org/article/texas-school-districts-violated-a-law-intended-to-add-transparency-to-local-elections
After VW plant victory, UAW sets its sights on Mercedes in Alabama: The United Auto Workers has made history by winning its first unionization vote at an auto ...
reuters.com/business/autos-transportation/after-vw-plant-victory-uaw-sets-its-sights-mercedes-alabama-2024-04-20/
Allergies can make you miserable. Here's how to track pollen levels near you: Allergy season is here, but it doesn't have to make you miserable ...
apnews.com/article/allergies-pollen-symptoms-tree-grass-spring-b2cf14d86549791a64d78eb1529a98ea
Instead of Biden paying off student debt, let’s try this in higher education instead | Opinion
miamiherald.com/opinion/the-point/article287986050.html
Tesla Semi charging corridor project is still alive despite Biden admin funding snub
techcrunch.com/2024/04/18/tesla-semi-big-rig-charging-corridor-biden-funding/
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