A trial court properly found that Tesla Inc. CEO Elon Musk did not push the electric carmaker to overpay for SolarCity in 2016, the Delaware Supreme Court said on Tuesday, ending years of litigation over the $2.6 billion deal. Musk was the biggest shareholder in both companies at the time, and Tesla shareholders alleged the…
Court Upholds Musk’s Win in $13 Billion Lawsuit Over Tesla-SolarCity Deal
New 787 Dreamliner Issue Could Slow Delivery of 90 Jets in Boeing’s Inventory
WASHINGTON—Boeing said on Tuesday it is slowing deliveries of its 787 Dreamliner after the company discovered a new production flaw, but expressed optimism that it can still deliver 70-80 of the widebody jets this year as planned. The problem, which does not pose a flight safety concern, involves a fitting for the 787’s horizontal stabilizer…
Recalled Pillows Linked to 10 Infant Deaths Still Being Sold on Facebook Marketplace, US Agency Says
WASHINGTON—Federal safety regulators are urging consumers to stop using baby pillows that have been linked to 10 infant deaths but are still being sold on Facebook Marketplace, despite being recalled two years ago. The U.S. Consumer Product Safety Commission (CPSC) said Tuesday that Boppy Newborn Loungers are no longer legally for sale but it has…
Republicans Warn of Blackouts Under Toughest-Ever ‘Green’ Power Plant Standards
June 6, 2023
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Republicans warned the toughest-ever standards for power plant emissions may imperil Americans’ power. “We’re starting down a path to severe grid reliability challenges throughout the country,” said Rep. Bill Johnson (R-Ohio) during the June 6 hearing. He highlighted a recent report from the nation’s largest electric grid operator, PJM Interconnection, warning of the potential for…
UnitedHealth Offers Over $3 Billion for Home Health Firm Amedisys
UnitedHealth Group on Monday made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc., pitting itself against another healthcare company set to buy the home health and hospice care firm. Interest in the home health sector has jumped since the pandemic as patients and caregivers increasingly prefer accessing medical services from the safety of…
GM to Invest More Than $1 Billion in 2 Flint, Michigan, Plants
FLINT, Michigan—General Motors plans to invest more than $1 billion in two Flint, Michigan, manufacturing plants for the production of the next-generation internal combustion engine heavy-duty trucks. Gerald Johnson, executive vice president, Global Manufacturing and Sustainability, said Monday that the company will build internal combustion vehicles throughout this decade, in addition to making electric vehicles….
Crude Oil Prices to Rise in 2023, 2024 Amid Tighter Supplies: EIA
Crude oil prices will be higher in 2023 and 2024 as global supplies become tighter, the U.S. Energy Information Administration (EIA) predicted in its latest Short-Term Energy Outlook (STEO). The EIA forecasts that the average spot price for Brent, the international benchmark for global oil prices, will be $79.54 per barrel this year, up 1.1…
Republicans Considering Legislation to Counter ‘Lawfare’ Abuse
June 6, 2023
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Lawfare abuses orchestrated by left-wing activists and sympathetic government officials that enact harmful policies and enrich activist groups need to be curbed, a congressional panel heard on June 6. The former Trump administration curbed such abuses but the Biden administration revoked the Trump policy and as a result, energy development has been shut down on…
Australia’s Official Cash Rate Rises to 4.1 Percent in June
June 6, 2023
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AustraliaBusiness & Marketseconomic policieseconomyinterest rate hikesphilip loweReserve Bank of AustraliaWorld
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Australian borrowers have been hit with another round of interest rate hikes after the Reserve Bank of Australia (RBA) raised the official cash rate by 0.25 percent to 4.1 percent, the highest level since April 2012. This comes after a 0.25 percent increase in May and a brief pause in April. In delivering the RBA’s…
Tucker Carlson Launches New Twitter Show Weeks After Leaving Fox
June 6, 2023
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Business & MarketsCompaniesFox NewsMedia & Big TechPoliticsSocial IssuesSocial MediaTechTucker CarlsonUSUS News
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Former Fox News host Tucker Carlson released the first episode of his new show on Twitter on Tuesday night, delving into the mysterious destruction of a dam in Ukraine. “As of today, we have come to Twitter, which we hope will be the short wave radio under the blankets,” Carlson stated toward the end of…
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