Antitrust enforcers to investigate leading AI companies Microsoft, Nvidia, OpenAI
Federal officials have signaled for more than a year that they’ve been watching out for monopolistic behavior in the rapidly advancing industry.
Regulation
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FDIC Chair Martin Gruenberg says he will resign after hostile workplace claims
An independent investigation led by an outside law firm found rampant instances of abusive workplace conduct at the FDIC, including sexual harassment, stalking and inappropriate supervisor-subordinate relationships.
Water systems, manufacturers brace for limits on ‘forever’ chemicals
The U.S. Environmental Protection Agency took a historic step in April to protect communities from so-called “forever chemicals,” with the federal agency releasing a final rule that established legally enforceable limits.
Corporate transparency: New federal law imposes reporting requirements on some businesses
The law is intended to provide law enforcement with ownership information about many companies for the purpose of detecting, preventing and punishing terrorism, money laundering and other misconduct through business entities.
What fliers should know about new refund rules for airlines
New federal rules for airlines will go into effect later this year, giving travelers a better picture of the full cost of flights before they book—and getting them an easier refund if things go awry.
Groups sue to block FTC’s new rule barring noncompete agreements
The U.S. Chamber of Commerce and other business groups on Wednesday sued the Federal Trade Commission over a new rule that would make most noncompete agreements illegal, setting up a potential showdown over the scope of the agency’s authority.
Kroger, Albertsons—still hoping to merge—agree to sell more stores to satisfy regulators
It’s unclear if the new plan will satisfy regulators. In February, the U.S. Federal Trade Commission sued to block the $24.6 billion merger between the grocery giants.
EPA designates two forever chemicals as hazardous substances, eligible for Superfund cleanup
Designation as a hazardous substance under the Superfund law doesn’t ban the chemicals, known as PFOA and PFOS. But it requires that releases of the chemicals into soil or water be reported to federal, state or tribal officials if they meet or exceed certain levels.
Internet providers must now be more transparent about fees, pricing, FCC says
The labels are expected to provide easy-to-understand, accurate information about the cost and performance of high-speed internet service to help consumers avoid junk fees, price hikes, and other unexpected costs.
EPA delays rules for existing natural gas power plants until after November election
In a turnaround from previous plans, the agency said it will review standards for existing gas plants and expand the rules to include more pollutants.
Supreme Court seems poised to halt EPA plan to cut cross-state pollution
Three states—Ohio, Indiana and West Virginia—and various industry groups asked the high court to put the EPA plans on hold while they work to defeat the rules in the lower courts.
Meta, TikTok and other social media CEOs testify in heated Senate hearing on child exploitation
On Wednesday, the CEOs went before the Senate Judiciary Committee to testify as lawmakers and parents grow increasingly concerned about the effects of social media on young people’s lives.
Biden administration to finalize scaled back regulations on gas stoves
The move, part of a broader effort to curb planet-warming emissions from household appliances, could prompt political backlash even though it reflects a compromise with U.S. manufacturers.
Supreme Court wrestles with major challenges to power of federal regulators
Conservative Supreme Court justices on Wednesday voiced support for weakening the power of federal regulators, but it was not clear whether a majority would overturn a precedent that has guided American law for four decades.
Inspections to begin on grounded Boeing 737 Max 9 jets
The FAA’s emergency airworthiness directive grounding the planes affects 171 aircraft. Two airlines in the United States—Alaska Airlines and United Airlines—have Boeing Max 9 aircraft in their fleets.
Alaska Airlines again grounds all Boeing 737 Max 9 jetliners as more maintenance may be needed
The airline again grounded all of its Boeing 737 Max 9 jetliners on Sunday after federal officials indicated further maintenance might be required to assure that another inflight blowout like the one that occurred Friday doesn’t happen again.
More than 2.5 million Hondas, Acuras under recall due to fuel pump defect
If the fuel pump module doesn’t work, the car’s engine may not start or can stall while driving, regulators said, increasing crash and injury risks.
Small businesses face new regulations in 2024
Regulations are created to improve business dealings, discourage unfair or illegal business activity, and protect workers. But, for small business owners, they often mean more red tape, higher costs and possible penalties for failing to comply.
Tesla recalls nearly all vehicles sold in U.S. to fix Autopilot monitoring system
The recall of more than 2 million vehicles comes after a two-year investigation by the National Highway Traffic Safety Administration into a series of crashes that happened while the Autopilot partially automated driving system was in use. Some were deadly.
FDA approves Lilly’s diabetes drug for weight management
Eli Lilly and Co.’s hot-selling diabetes drug, Mounjaro, will now be sold for a second use, chronic weight management, using a separate brand name, Zepbound.