By Jonathan Stempel and Clark Mindock (Reuters) – Tesla has been sued by an environmental nonprofit that accused Elon Musk’s electric car company of violating the federal Clean Air Act hundreds of times by letting its Fremont, California, plant emit harmful pollutants. In a complaint filed on Monday, the Environmental Democracy Project said Tesla has…
By Jody Godoy (Reuters) – Alphabet’s Google must face trial on U.S. antitrust enforcers’ claim that the internet search juggernaut illegally dominates the online advertising technology market, a federal judge ruled on Friday. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, denied Google’s motion during a hearing, according to court records. Google had argued for…
(Reuters) -OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that OpenAI’s nonprofit board doesn’t control, The Information reported on Friday. One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, the…
(Reuters) – Merck on Wednesday agreed to acquire privately held biotech EyeBio for as much as $3 billion, the latest in a string of deals by the US drugmaker to bolster its future growth. It agreed to pay $1.3 billion in cash and another $1.7 billion in future milestone-based payments for EyeBio, and will gain…
By Helen Coster and Ted Hesson WASHINGTON/NEW YORK (Reuters) – One late afternoon in mid-May, a half dozen Hispanic day laborers were paid $20 each to parade in front of the White House on camera, holding signs with slogans like “I Love Biden” and “I Need Work Permit for My Family.” The stunt was orchestrated…
WASHINGTON (Reuters) – A group of 26 state attorneys general led by West Virginia and Kentucky on Wednesday challenged the Biden administration’s new fuel economy rules, calling the requirements unworkable and forcing automakers to build more electric vehicles. The National Highway Traffic Safety Administration on June 7 finalized tighter vehicle fuel economy rules through 2031…
By Jeffrey Dastin and Aditya Soni SAN FRANCISCO (Reuters) – Apple’s developer conference on Monday was about more than infusing its software with the latest artificial intelligence technology, including from ChatGPT. It was also about selling more iPhones. Facing choppy consumer spending and resurgent tech rivals, Apple has looked to AI as a way to…
By David French (Reuters) – Some of Colonial Pipeline’s owners are exploring divesting their stakes, hoping they can fetch prices that would value the largest U.S. fuel transportation system in excess of $10 billion, according to people familiar with the matter. Growing U.S. energy consumption has raised demand for pipeline capacity. Any deal would test…
By Luc Cohen NEW YORK (Reuters) -U.S. Senator Bob Menendez was convicted on Tuesday at his corruption trial by a jury in Manhattan federal court, completing the once-powerful New Jersey Democrat’s dramatic downfall. The jury deliberated for more than 12 hours over three days before reaching a verdict in a trial that had taken nine…
By Ann Saphir (Reuters) -U.S. Federal Reserve Chair Jerome Powell is scheduled to give his semiannual testimony on monetary policy on July 9 at the Senate Banking Committee, the office of Senator Sherrod Brown, the committee’s chair, said on Monday. If scheduling proceeds as it has historically, Powell would deliver the same testimony at the…
