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...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...After 87 per cent voted in favour, Musk said he “will move immediately to hold a shareholder vote to transfer state of incorporation to Texas”....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X. Good, fine, whatever....
...Johnson & Johnson had received scorn for executing the so-called Texas Two-Step bankruptcy strategy. The healthcare titan was facing thousands of claims about allegedly carcinogenic talcum powder....
...But the FT reported that months earlier, Merck, a German healthcare and life sciences group, had proposed buying a majority stake in the Japanese company....
...It is undisputed that the only possible connection between the Debtors and the Southern District of Texas before the filing of these cases were two economically insignificant transactions . . . . the rental...
...The insurer-owned benefit managers argue that these rebates are passed on to patients in the form of lower premiums, but they pocket some of the discount for themselves....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...“Delaware thinks: ‘We’re smarter than you are, and we’re going to have judges up here in Wilmington look at the economics of your transaction,” said Byron Egan, an elder statesman of the Texas corporate...
...It had also made “extraordinary, additional commitments” in a 90-page draft security agreement developed with the Committee on Foreign Investment in the United States....
...It spent $1.6tn on Medicare and Medicaid healthcare benefits in 2021 — or more than a third of total healthcare spending. To contain spiralling costs, the US has pushed for more value-based care....
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...Undocumented immigrants make up a crucial part of New York state’s economy, accounting for roughly 10 per cent of the workforce in construction, hospitality and healthcare, according to a 2023 report by...
...Those workers walked off the job in September in hopes of improving wages and healthcare benefits....
...That designation would give them access to benefits, such as social security and healthcare. The onus now will be on companies to prove that their workers are not employees....
...Texas has a long way to go to match it, and the southwestern state’s judges would not gain credibility if they merely did the bidding of wilful entrepreneurs....
...Yet when President Joe Biden visited on Wednesday, his only stop was to the headquarters of the United Steelworkers....
...“This is a significant expansion of the country’s pipeline network, and it’s the first with direct access without having to rely on the United States,” said Lisa Baiton, chief executive of the Canadian Association...
...Read a transcript of this episode on FT.com...
...By contrast, rival United Airlines is asking its pilots to take unpaid time off because of the plane shortage....
...It could also benefit other social media platforms if users turn to alternative apps seeking similar experiences....
...University of Texas at Austin and author of Power Trip: The Story of Energy....
...benefits of relocation....
...In late 2022, after it was placed on a list of financial firms boycotting fossil fuel companies in Texas, BlackRock said it had invested more than $100bn in Texas energy companies, notably ExxonMobil....
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