Twitter adopts ‘poison pill’ defense in Musk takeover bid
Twitter’s plan would take effect if Musk’s roughly 9% stake grows to 15% or more. Even then, Musk could still take over the company with a proxy fight by voting out the current directors.
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Economic toll worsens as trucks remain stopped at Mexico border
Trucks containing household goods, car parts and other shelf-stable goods have been delayed, tangling up supply chains that involve hundreds of thousands of jobs on both sides of the border.
E-cigs using synthetic nicotine come under FDA oversight
U.S. regulators will soon begin cracking down on vaping companies using a now-closed loophole, including a line of fruit-flavored e-cigarettes that have become teenagers’ top choice.
Retail sales rose 0.5% in March amid soaring inflation
Soaring prices on everything, particularly at the gas pump, are now making shoppers choosier about how they spend their money.
U.S. jobless claims tick up, but remain near a half-century low
Jobless claims rose by 18,000, to 185,000, the Labor Department said Thursday, after nearly touching the lowest level since 1968 in the previous week.
Tesla CEO Elon Musk offers to buy Twitter
Musk has been a vocal critic of Twitter in recent weeks, mostly over his belief that it falls short on free speech principles. He now says, “Twitter needs to be transformed as a private company.”
Amazon adds 5% ‘fuel and inflation surcharge’ to seller fees
In a notice sent to sellers Wednesday, the company said its costs had gone up since the beginning of the pandemic due to increases in hourly wages, the hiring of workers and construction of more warehouses.
Buttigieg visits Ohio River port in Indiana to discuss grant for pier
The new pier will help increase port productivity by up to 60% and help maintain 1,000 jobs in a town of about 7,000 people, the U.S. Department of Transportation said.
UPDATE: CDC extends travel mask requirement to May 3
The Centers for Disease Control and Prevention is set to extend the order, which was to expire on April 18, to monitor for any observable increase in severe virus outcomes as cases rise in parts of the country, according to a person familiar with the matter.
U.S. agencies issue joint alert over control systems malware
Multiple agencies warned of the discovery of malicious cyber tools created by unnamed advanced-threat actors that they said were capable of gaining “full system access” to multiple industrial control systems.
Trucker blockade snarls U.S.-Mexico trade route at border
One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday as frustration and traffic snarls mounted over orders by Texas Gov. Greg Abbott requiring extra inspections of commercial trucks.
Southwest pilots union says fatigue is safety problem
The Southwest Airlines Pilots Association, which is currently negotiating with the airline for a new contract, said the number of pilots asking to be relieved from a flight assignment because of fatigue jumped 330% in March compared with the same month in pre-pandemic years.
Japanese e-vehicle battery company to build $2B Kentucky plant
Kentucky Gov. Andy Beshear said Envision AESC’s plan to build a 2,000-employee plant will help make Indiana’s southern neighbor the “undisputed electric battery production capital of the United States of America.”
COVID-19, overdoses pushed U.S. to record death total in 2021
The total number of U.S. deaths often increases year to year as the U.S. population grows. But 2020 and 2021 saw extraordinary jumps in death numbers and rates, due largely to the pandemic.
GOP rivals crowd field for open Indiana congressional seat
Nine candidates are running in the May 3 primary for the district that U.S. Rep. Trey Hollingsworth is giving up after six years, making him the only Indiana congressional incumbent not seeking reelection.
INDOT selects preferred route of planned Mid-States Corridor
State officials have chosen the “Alternative P” route over several other options as the preferred route of a proposed highway that would run from the Ohio River to Interstate 69, linking small southern Indiana communities to I-69.
Biden waiving ethanol rule in bid to lower gasoline prices
Administration officials said the EPA has begun analyzing the “emergency” step of allowing more E15 gasoline sales for the summer and determined it is not likely to have significant on-the-ground air quality impacts.
U.S. inflation jumped 8.5% over past year, highest since 1981
Even excluding volatile food and energy prices, which have driven overall inflation, so-called core inflation jumped 6.5% over the past 12 months, the biggest such increase since 1982.
Honda outlines $40B strategy to forge ahead on EVs
Efforts in North America will focus on the collaboration with General Motors Co., under which Honda Motor Co. is jointly developing two midsize to large EV models, set for sale in 2024.
Zuckerberg money won’t be in next round of aid for elections
The not-for-profit that distributed most of the $350 million in donations from Facebook founder Mark Zuckerberg to election offices in 2020 said Monday that it won’t disburse similar donations this year after backlash from conservatives.