Lina Khan Once Went Big Against Amazon. As FTC Chair, She Changed Tack.
The government’s antitrust lawsuit leaves out some allegations from a legal condemnation of Amazon that Khan wrote in law school....
Corporate/Industrial News
Oil Is Near $100. Shale Isn’t Coming to the Rescue.
Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link
Cisco to Buy Cybersecurity Company Splunk in $28 Billion Cash Deal
Networking-equipment giant Cisco Systems has struck a $28 billion deal to buy analytics and security software company Splunk. Source link
Rupert Murdoch to Step Down as Chair of Fox and News Corp After Seven-Decade Career
Murdoch will exit roles atop News Corp and Fox in November and will be appointed chairman emeritus. Source link
Ford Averts Second Strike, Secures New Labor Contract in Canada
Talks with Unifor have been running parallel to those in the U.S. with the UAW, an unusual overlap that has...
Facebook, Hotels, Even New Jersey? How People Are Coping With New York City’s Airbnb Crackdown.
As thousands of short-term listings leave the site, visitors are hunting for accommodations in new and old places. Some are...
German Industry Defies Rising Pressure to Limit China Exposure
Companies with sizable Chinese operations in recent months have been scrambling to insulate those businesses from possible Western sanctions. Source...
California’s Zero-Emissions Rule Triggers a Run on Diesel Rigs
Truckers say they are bolstering their fleets ahead of new restrictions against the polluting vehicles after Jan. 1. Source link
Disney to Invest $60 Billion in Theme Parks, Cruises Over Next Decade
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Elon Musk Floats Charging Users for X
In a wide-ranging conversation with Israeli Prime Minister Benjamin Netanyahu, he said asking users to pay for service is only...
Companies Stall Climate Action Despite Earlier Promises
Cutting emissions is proving harder for larger companies to achieve than making commitments to cut those emissions. Source link
UAW Strike Collides With Biden’s Manufacturing Agenda
The administration is caught between support for unions and the need to make U.S. auto industry more competitive. Source link
Talks Resume in Detroit Amid Threat of Expanding Strike
Wages remain focal point, and investors already are sizing up the potential hits to the automakers’ bottom lines. Source link
CEO of Naspers and Prosus Steps Down
South Africa’s most valuable listed company appoints former SoftBank executive as its interim chief. Source link
Clorox Warns of Product Shortages Following Cyberattack
The bleach and cleaning-wipe maker said that it believes the cyberattack is now contained but that it will cause a...
People Are Streaming Pirated Movies on TikTok, One Short Clip at a Time
The videos violate copyright laws, but they remain available—for now. Source link
Whatever the UAW Strike Outcome, Elon Musk Has Already Won
The Detroit automakers entered labor talks at a cost disadvantage to Tesla. Source link
The Executive Trying to Make Microsoft Smarter About AI
Chief Technology Officer Kevin Scott spearheaded the tech titan’s unlikely partnership with OpenAI. Source link
Why the Twinkie Is Now Worth Billions
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Staffing Shortage at Air-Traffic Control Means More Cuts of New York Flights
Delays and cancellations could increase without flying reductions, the FAA said. Source link
