By Hyunjoo Jin and Sheila Dang (Reuters) -Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former U.S. President Donald Trump’s account on the platform, with early results showing roughly 60% voting yes. “Vox Populi, Vox Dei,” Musk tweeted, a Latin phrase that roughly means meaning “the…
By David Shepardson WASHINGTON (Reuters) – Relatives of passengers killed in two Boeing 737 MAX crashes pressed U.S. Justice Department lawyers on Friday to unwind a 2021 deal that allowed the U.S. planemaker to escape criminal prosecution. U.S. District Judge Reed O’Connor in Texas ruled last month that people killed in two Boeing 737 MAX…
(Reuters) – Autonomous delivery vehicle maker Nuro is laying off about 20% of its workforce after admitting that rapid hiring in the past year was a mistake, the company’s co-founders wrote in an email to employees on Friday. “Laying off team members is always the last resort, but unfortunately it was needed after other options…
By Tom Hals WILMINGTON, Del. (Reuters) – After five days of testimony, including three hours from Elon Musk, a Delaware judge will now decide whether Musk’s $56 billion pay package from Tesla Inc was justified by the company’s explosive growth or undermined by a flawed process. Musk and the Tesla directors named as defendants repeatedly…
By Hyunjoo Jin (Reuters) -Elon Musk on Friday asked any remaining Twitter employees who write software code to report to the 10th floor of the office in San Francisco by early afternoon, according to an email reviewed by Reuters. The billionaire said in a follow-up email: “If possible, I would appreciate it if you could…
By Herbert Lash and Carolyn Cohn NEW YORK/LONDON (Reuters) -Global equities edged up and a key part of the Treasury yield curve inverted further on Friday, a sign the U.S. economy will stall next year and that investors hope will lead the Federal Reserve to back off its aggressive hiking of interest rates. Surprisingly strong…
Airline lawyers and the Justice Department delivered starkly contrasting views of an alliance between American Airlines and JetBlue during closing arguments Friday in a case that will test the Biden administration’s aggressive enforcement of antitrust laws. The partnership lets American and JetBlue coordinate schedules and share revenue on many routes to and from New York…
Twitter is in chaos. Elon Musk, its new owner, has decimated its staff and this week gave those remaining an ultimatum — work grueling hours and be “extremely hardcore ” or leave. Hundreds chose the latter and headed for the door. There are already signs that the exodus is stressing the system. Some users noticed…
By Ahmed Aboulenein WASHINGTON (Reuters) – The divided U.S. Congress after the November midterm elections undermines pharmaceutical companies who want to weaken a new law that allows the government to negotiate drug prices, Republican strategists, policy experts and pharmaceutical executives say. Democratic President Joe Biden’s signature Inflation Reduction Act, which Democrats passed in August against…
WASHINGTON (Reuters) – The U.S. Justice Department has opened an antitrust investigation into Ticketmaster’s owner, Live Nation Entertainment, the New York Times reported on Friday after the company’s sale of Taylor Swift concert tickets this week overwhelmed its website. (Reporting by Diane Bartz; Editing by Chris Reese)
