WASHINGTON—General Motors said on Monday it will recall 42,000 sport utility vehicles in Canada from the 2014 through 2017 model years because the driver’s air-bag inflator may explode during deployment. On Friday, GM recalled 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles in the United States from the 2014–2017 model years with modules produced…
80 Years Before Australia Reaches Net-Zero Goals: Former Snowy Hydro CEO
The former CEO of Australia’s largest renewable energy provider has taken issue with the Albanese Labor government’s green energy policies. Paul Broad, former head of the government-owned Snowy Hydro company, said the government would fail to meet its target of producing 82 percent of the country’s energy from renewable sources by 2030. The comments came…
80 Years Before Australia Reaches Net-Zero Goal: Former Snowy Hydro CEO
The former CEO of Australia’s largest renewable energy provider has taken issue with the Albanese Labor government’s green energy policies. Paul Broad, former head of the government-owned Snowy Hydro company, said the government would fail to meet its target of producing 82 percent of the country’s energy from renewable sources by 2030. The comments came…
Musk’s Request to Modify Deal Requiring Vetting of His Twitter Posts Denied by Appeals Court
A federal appeals court has rejected Elon Musk’s plea to dismiss or amend the 2018 fraud settlement he reached with the U.S. Securities and Exchange Commission (SEC). The settlement, which established a consent decree mandating that Musk’s tweets be vetted by a lawyer before posting, will remain in effect. The decision raises questions about Musk’s compliance…
Johnson & Johnson COVID-19 Vaccine Becomes Unavailable in US
May 15, 2023
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One of the four COVID-19 vaccines authorized in the United States is no longer available, the nation’s public health agency says. The Johnson & Johnson COVID-19 vaccine “is no longer available in the U.S.,” the U.S. Centers for Disease Control and Prevention (CDC) said in a recent update. That’s due to the vaccine expiring on…
Microsoft Wins EU Antitrust Approval for Activision Deal
May 15, 2023
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The European Union (EU) gave its approval to Microsoft’s $69 billion acquisition of gaming giant Activision Blizzard. The decision comes just weeks after the United Kingdom’s merger regulator stunned the gaming industry by vetoing the deal. The EU’s analysis indicated that the acquisition would not harm competition, especially as Microsoft has made a commitment to…
Trump Reveals New 2024 Media Strategy, Issues Warning to Fox News
May 15, 2023
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2024 electionBusiness & MarketsCompaniesDonald TrumpMedia & Big TechPoliticsRepublican CandidatesTucker CarlsonUS
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Former President Donald Trump suggested in a new interview that he knows he needs corporate media to cover his campaign in order to have a chance at winning in 2024. “I’m doing a lot of different media. I was disappointed with Fox,” Trump told The Messenger. “I thought the firing of Tucker [Carlson] was a tremendous…
Anheuser-Busch Makes Changes to Company Amid Bud Light Boycott
Anheuser-Busch revealed that it is making attempts to change its marketing structure in the midst of a backlash over after Bud Light produced a can featuring a transgender activist’s face for a social media promotion. While the firm did not make mention of the controversy and boycott, a spokesperson for the brewing giant told Fox2Now…
Vice Media Files for Chapter 11 Bankruptcy, the Latest in a String of Digital Media Setbacks
NEW YORK—Vice Media is filing for Chapter 11 bankruptcy protection, the latest digital media company to falter after a meteoric rise. Vice said Monday that it has agreed to sell its assets to a consortium of lenders—Fortress Investment Group, Soros Fund Management, and Monroe Capital—in exchange for $225 million in credit. Other parties will also…
Biggest Fear Among US Business Leaders Is ‘Catastrophic’ Debt Default: White House Economic Adviser
May 15, 2023
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Business & MarketsCompaniesdebt defaulteconomyExecutive BranchinflationMarketsPoliticsrecessionUSUS News
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A key aide to President Joe Biden said Sunday that American business leaders’ chief concern is not inflation or recession but the looming threat of a “catastrophic” government debt default. Lael Brainard, director of the White House National Economic Council, told CBS’ “Face the Nation” on Sunday that the country’s top business leaders have told her…
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