Tucker Carlson, prior to leaving Fox News, appeared to have critical things to say about Fox News’ Fox Nation streaming service, according to a leaked video. “Nobody watches Fox Nation because the site sucks,” Carlson said in the video, later adding, “The site doesn’t work.” The video, obtained by Media Matters, a politically left-leaning media watchdog…
Pornhub Blocks Access in Utah After State Passes New Age Verification Law
May 2, 2023
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Business & MarketsCompaniesMedia & Big TechPolicies & ImpactsPoliticsPornhubRegional & State NewsSocial IssuesState NewsUSUS NewsUtah
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Pornhub has disabled access to its website in Utah in response to a new law requiring companies publishing adult content to verify users’ ages before allowing them to view the X-rated material on their platforms. The pornography website confirmed to Axios that it completely disabled its websites for individuals located in the state on May 1. Individuals in Utah attempting…
Ford Wins Reversal of $105 Million Trade Secrets Verdict
A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co. to pay Versata Software Inc. $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. U.S. District Judge Matthew Leitman said that while Versata Software, which licensed software to Ford from 1998 to 2015, offered sufficient evidence…
JPMorgan Chase’s Takeover of First Republic: What to Know
JPMorgan Chase will acquire most of First Republic Bank’s assets for $10.6 billion after U.S. regulators seized control of the embattled institution and facilitated its sale over the weekend. President Joe Biden and JPMorgan Chase CEO Jamie Dimon reiterated that the worst of the crisis is over. “These actions are going to make sure that…
Australian Businesses to Pay Super on Payday
Employers will be required to pay superannuation on fortnightly cycles instead of every three months in the latest crackdown on pension underpayments. The changes will apply to businesses of all sizes across the country from July 1, 2026. The Labor government said the policy would allow an average 25-year-old income earner to get an extra…
FDA Panel Backs Restricted Use of AstraZeneca’s Prostate Cancer Drug
A panel of U.S. Food and Drug Administration (FDA) advisers on Friday voted for the restricted use of British drugmaker AstraZeneca Plc.’s experimental treatment, jointly developed with Merck & Co., for a type of prostate cancer. The FDA panel voted 11–1 with one abstention, in favor of Lynparza, in combination with other medications—abiraterone and prednisone…
Pennsylvania Mulls EV Fee for Road Use
May 1, 2023
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Business & MarketseconomyenergyEVPennsylvaniaPolicies & ImpactsRegional & State NewsState NewsUSUS News
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Pennsylvanians pay the highest state gas tax in the nation at 61 cents per gallon. That is on top of the 18.4 cents per gallon for the federal gas tax drivers pay in every state. Gas tax money is used for road repairs, but electric vehicle (EV) drivers don’t buy gas, and so don’t contribute…
Investors Sue Adidas Over Kanye West Partnership, Fallout
WASHINGTON—Adidas is facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, the rapper formerly known as Kanye West, years before ending its partnership with him. The German sportsbrand cut ties with its star collaborator in late October, following Ye’s antisemitic comments on social media and…
IN-DEPTH: America Fails to Grasp China’s Rare Earth Dominance, Analysis Finds
May 1, 2023
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AMERICABusiness & MarketsChinacritical mineralsDefending AmericaeconomyEducation & Family NewsenergyEnvironmentFeatured TopicsNational SecurityPolicies & Impactsrare earthsScienceSpecial TopicsTechTech CompetitionTech NewsThreat from Communist ChinaUSUS NewsUS-China relations
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Over the past several years, China’s powerful grip on rare earth elements has motivated action by Congress and multiple presidents. Millions in government funding went to an American rare earth and critical mineral refinery and a rare earth separation plant. Just last week, Reps. Guy Reschenthaler (R-Penn.) and Eric Swalwell (D-Calif.) reintroduced a bill that…
Regional Bank Shares Take Beating After First Republic Collapses
May 1, 2023
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Business & MarketsCompanieseconomic policieseconomyFDICFirst Republic BankinflationInvestmentJPMorgan ChaseMarketsPolicies & ImpactsrecessionUS
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U.S. regional bank shares took a beating after the collapse of First Republic and its takeover by JP Morgan Chase & Co. The Federal Deposit Insurance Corporation (FDIC) seized First Republic Bank in the second-largest bank failure in American history in what is also the third regional bank to fail this year. Shares of several…
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