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...loosened federal spending in the tech sector....
...“This legislation is a clear violation of the First Amendment rights of TikTok’s 170mn American users,” he said in a memo to staff, according to people who saw it. “We’ll continue to fight.”...
...“For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban, and bars every American from participating in a unique online community...
...However, the bill was blocked by a federal judge in November before it was due to take effect on January 1. Montana is appealing against the decision....
...US inflation rose to 2.7 per cent in the year to March, another sign that price pressures remain stubbornly high, complicating the Federal Reserve’s plan to cut interest rates this year....
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...Most people in the US are feeling the sting of persistent inflation, but older Americans living on a fixed income have been hit particularly hard....
...President Joe Biden was hoping for a lift from the Federal Reserve this year. On Wednesday, the Fed dealt those hopes a blow....
...Now that money laundering was a federal crime, the stage was set for Castano-Ochoa’s trial....
...Under the classification change, cannabis would remain illegal under federal law....
...The global spread of the dollar makes the Federal Reserve willy-nilly into the world’s central bank. The dollar’s ubiquity also confers huge power on the American state....
...The Frozen Fed Yesterday, I wrote that the Federal Reserve was “stuck”, with “no choice to await an improvement in the data before cutting rates”....
...So a small decrease in reserve quantities could send banks scrambling for cash, and push the federal funds rate up....
...Crevoiserat: […] I’ll pick up the first part of that question in terms of the handbag category. This is an incredibly resilient and durable category....
...So this is a debate we need to have now, before the Fed fires the first shot....
...First, as I have argued in my pieces about Uber, is that stock-based compensation creates a strong bias in favour of stock buybacks....
...The US Federal Trade Commission has voted to ban non-compete agreements, taking aim at contracts that limit employees’ freedom to quit for a new job at a different employer....
...The company blamed in part softer demand in the Latin American region compared with the same period last year. However, Uber said demand remained “robust” across its delivery and mobility businesses....
...In the first half of April, sales of pure EVs and plug-in hybrids crept above half of new car sales in China for the first time, highlighting the decline of the industry producing cars with internal combustion...
...The company’s net loss widened to $617mn in its first quarter....
...In the recently completed first quarter, units sold rose 16 per cent. Shares rallied by a third in response....
...PBMs face increasing pressure from the Federal Trade Commission, the US antitrust regulator, and bipartisan legislation in the works aimed at encouraging the uptake of biosimilars....
...Robert Gordon’s The Rise and Fall of American Growth, which argued that the age of disruptive technology was over, came out around the same time....
...The Biosecure Act, introduced in the US Congress in January, would prohibit US companies receiving federal grant money from working with WuXi AppTec and any related entities....
...It has not been an ordinary year in the First State. About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
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