Musk wars with Twitter over his buyout deal—on Twitter
The sharp turnaround by the world’s richest man makes little sense except as a method to scuttle or renegotiate a deal that’s becoming increasingly costly for him, experts said.
Associated Press
Articles
Powell: Fed to keep hiking rates until it controls inflation
Chairman Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling—a high-stakes effort that carries the risk of causing an eventual recession.
Sato, Honda strong on opening day of Indy 500 practice
It was a good day for Honda, which has been beaten by Chevrolet in four of five races so far this IndyCar season. Ten Honda drivers cracked the top 12 on Tuesday.
U.S. House to consider $28M plan to address formula shortage
The House is expected to take up the emergency spending measure later this week before lawmakers head back to their congressional districts for the next two weeks.
Nearly 43,000 people died on U.S. roads last year, agency says
The 10.5% jump over 2020 numbers was the largest percentage increase since the National Highway Traffic Safety Administration began its fatality data collection system in 1975.
Retail sales rise 0.9% as consumers show resilience
Consumers are providing critical support to the economy even after a year of seeing prices spiral higher for gas, food, rent, and other necessities.
FDA clears COVID booster shot for healthy children ages 5-11
There is one more hurdle: The Centers for Disease Control and Prevention must decide whether to formally recommend the booster for this age group. The CDC’s scientific advisers are scheduled to meet on Thursday.
Judge: California’s women-on-boards law is unconstitutional
The decision comes just over a month after another Los Angeles judge found that a California law mandating that corporations diversify their boards with members from certain racial, ethnic or LGBT groups was unconstitutional.
Musk hints at paying less for Twitter than his $44B offer
Tesla CEO Elon Musk told a Miami technology conference that a viable deal at a lower price would not be out of the question, according to a report by Bloomberg News.
In early primaries, voters favor polling places over mail
After tens of millions of people in the United States opted for mail ballots during the pandemic election of 2020, voters in early primary states are returning in droves to in-person voting this year.
Starbucks covering travel expenses for workers seeking abortions
Starbucks has 240,000 U.S. employees. It was not immediately clear what percentage of them are enrolled in the company’s health care plan.
U.S. offers logistics support to ease formula shortage
The White House said it is working with all major formula producers to boost production, including reaching out to their suppliers to encourage them to prioritize production and delivery of formula ingredients.
McDonald’s to sell its Russian business, try to keep workers
More than three decades after it became the first American fast food restaurant to open in the Soviet Union, McDonald’s said Monday that it has started the process of selling its business in Russia, another symbol of the country’s increasing isolation over its war in Ukraine.
States hands off when it comes to NCAA, athlete compensation
Nearly half the states, 24 in all, have laws regarding athlete compensation. Yet those states have shown no appetite to question or investigate the schools, the contracts or the third-party groups orchestrating them. Even if they did, there is little legal framework for how they would do it.
U.S. deaths from COVID reach 1 million
The U.S. is averaging about 300 COVID-19 deaths per day, compared with a peak of about 3,400 a day in January 2021.
Biden, Buttigieg send $5B to cities for safety as road deaths soar
The goal is to spur cities to adopt detailed plans to reduce traffic deaths by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters to public transit.
IndyCar’s aeroscreen gets mixed reviews in first rain test
IndyCar officials will spend the next few days collecting information and gathering advice about improving aeroscreen visibility for races held in the rain.
Baby formula shortage fueling spike in milk bank interest
It’s a pathway that won’t work for every formula-fed baby, especially those with special dietary needs, and it comes with challenges because the country’s dozens of not-for-profit milk banks prioritize feeding medically fragile infants.
Keeping schools out of NIL dealings opened door for boosters
As the NCAA and its highest-profile Division I member schools try to rein in booster-fueled organizations known as collectives, part of the solution could be taking down the firewalls between athletic departments and athletes when it comes to name, image and likeness compensation.
Americans have bet $125B on sports in four years since legalization
In just four years, the industry has worked itself into the daily lives of millions of Americans—from those who plunk down money hoping for a certain outcome to those who watch TV broadcasts with odds calculations to those struggling with gambling problems.