Category: Business & Markets

Mother of Titan Submersible Victim Gave ‘Excited’ Son Her Spot on Doomed Vessel

The wife and mother of Titan submersible victims Shahzada Dawood and Suleman Dawood originally planned to make the trip with her husband but gave the spot to her 19-year-old son because he was “so excited” about the project and “really wanted to go.” Christine Dawood told the BBC on Monday that she had initially planned to…


Supreme Court Rejects Music Lawsuit Accusing Google of Stealing Song Lyrics

The U.S. Supreme Court declined to hear an appeal by music website Genius Media Group after a lower court threw out its lawsuit against Alphabet, the parent company of Google, for stealing millions of song transcripts. On June 26, Supreme Court left in place a ruling that dismissed the suit by Genius, which accused Google…


3 Factors Continue to Drive Foreign Investment out of China: Experts

Foreign investments have continued to flee China as the country’s economy remains sluggish. Experts pointed out three major factors causing it. Since last December when Beijing abandoned the restrictive “Zero-COVID” policy, foreign investors were optimistic about the Chinese market. Foreign investment poured back into China in the first few months of this year, but this…


American States Considering Taxing Vehicle Owners Based on Distances Traveled

Multiple U.S. states are weighing policies to charge vehicle owners a fee based on the miles they travel as authorities seek to replace gas taxes which have been declining for some time. For more than a century, gas taxes have been a major source of revenue for state transportation funding. This has contributed to maintaining…


US States Consider Taxing Vehicle Owners Based on Miles Traveled

Multiple U.S. states are weighing whether to charge vehicle owners a fee based on the miles they travel as officials seek to replace gas taxes, which have been declining for some time. For more than a century, gas taxes have been a major source of revenue for state transportation funding. This has contributed to maintaining…


Merck Facing Lawsuits for Allegedly Hiding Severe Psychiatric Side Effects of Asthma Drug

Pharmaceutical company Merck & Co. Inc. is facing lawsuits that accuse the firm of downplaying potential negative psychiatric effects of its asthma medication Singulair, including thoughts of suicide. Singulair, also known as montelukast, was launched by Merck in 1998, with the product label stating that the drug’s distribution in the brain was “minimal.” The company…


Fox News Announces Major Primetime Shakeup Months After Tucker Carlson’s Exit

Fox News announced Monday that it will launch a new primetime weekday lineup, coming two months after it announced it is parting ways with host Tucker Carlson. Nielsen data show that Fox News’ primetime ratings have dropped after Carlson’s departure. In March, the full month before Carlson’s departure, the former Fox News host’s 8 p.m….


Hollywood Star Ryan Reynolds Among New Investors Backing F1 Team Alpine in $218 Million Deal

BOULOGNE-BILLANCOURT, France—After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One. F1 team Alpine has secured a 200 million euro ($218 million) investment from a group of investors that includes the actors. French automotive company Renault Group—Alpine’s parent company—said Monday that the group has acquired a 24 percent stake…


White House Unveils $42 Billion Investment Plan to Expand Internet Access

The Biden administration has detailed how the government will divvy up $42 billion among the nation’s 50 states in an effort to expand high-speed broadband to every household and small business throughout the United States by 2030. In a fact sheet released on June 26, the White House said access to high-speed internet is no longer…


White House Announces $42 Billion Investment Plan to Expand Internet Access

The Biden administration has announced that the government will divvy up $42 billion among the nation’s 50 states in an effort to expand high-speed broadband to every household and small business throughout the United States by 2030. In a fact sheet released on June 26, the White House said access to high-speed internet is no longer…