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Walmart is offering $3.1 billion to settle opioid epidemic lawsuits against its dispensaries
Walmart is offering $3.1 billion to settle opioid epidemic lawsuits against its dispensaries
Retail giant Walmart on Tuesday became the latest major player in the drug industry to announce a plan to resolve lawsuits filed by state and local governments over the toll of strong prescription opioids sold at its dispensaries with state and local governments in were sold to the United States The $3.1 billion proposal follows similar announcements made Nov. 2…
Construction workers at Tesla’s Gigafactory in Texas complain about working conditions
Construction workers at Tesla’s Gigafactory in Texas complain about working conditions
The opening of Tesla’s gigafactory in Texas was celebrated with a huge party led by Elon Musk in a cowboy hat and sunglasses – but those who built it have reported dangerous and exploitative working conditions. Construction workers are suing the company for labor violations and will file their complaints with the federal labor ministry on Tuesday. Whistleblowers working at…
Biden, Zelenskyy urge G20 to further isolate Russia and call for “unconditional withdrawal.”
Biden, Zelenskyy urge G20 to further isolate Russia and call for “unconditional withdrawal.”
Leaders of the world’s largest economies appeared poised to deliver a strong message on Tuesday, most condemning Russia’s invasion of Ukraine, as President Joe Biden and Ukrainian President Volodymyr Zelenskyy urged the group to Maintaining pressure on Moscow over its nine-month war that has devastated Ukraine shook the world economy. A draft statement by leaders of the Group of 20…
Sam Bankman-Fried Realizes His Twitter War With Rival CZ May Have Killed FTX: ‘Not A Good Strategic Move On My Part’
Sam Bankman-Fried Realizes His Twitter War With Rival CZ May Have Killed FTX: ‘Not A Good Strategic Move On My Part’
Sam Bankman-Fried, the founder of the collapsed crypto exchange FTX, has many regrets. But the most important among them is the one that may have directly led to the downfall of his company. While campaigning for favorable crypto regulation in Washington, DC, Bankman-Fried has held private meetings to criticize Changpeng Zhao, the CEO of rival exchange Binance. News of the…
Department of Transportation: 6 airlines refund $600 million for delayed or canceled flights
Department of Transportation: 6 airlines refund $600 million for delayed or canceled flights
Frontier Airlines and five foreign airlines have agreed to reimburse travelers whose trips have been canceled or significantly delayed since the pandemic began, a total of more than $600 million, federal officials said Monday. The US Department of Transportation said it fined the same airlines more than $7 million for delaying refunds for so long that they violated consumer protection…
Fed Banking Regulator Before Congress After FTX Implosion: Crypto Industry Needs “Strong Guardrails”
Fed Banking Regulator Before Congress After FTX Implosion: Crypto Industry Needs “Strong Guardrails”
The US Federal Reserve’s top banking regulator is urging Congress to pass legislation that would regulate cryptocurrencies following last week’s rapid collapse of FTX, a leading crypto exchange. Michael Barr, vice chairman of the Fed, said in prepared testimony released Monday that “recent events in crypto… have highlighted the risks for investors and consumers associated with new and novel asset…
Despite praising freedom of expression, Elon Musk fires Twitter engineers who criticize him online
Despite praising freedom of expression, Elon Musk fires Twitter engineers who criticize him online
Twitter owner Elon Musk, who describes himself as a “free speech absolutist,” has resorted to firing company engineers who publicly criticize him on the social media service. In one instance, Musk announced the layoff in a tweet. In another, the former employee said he was fired after openly rebuking Musk. Engineer Eric Frohnhoefer, who worked on the Twitter app for…
The writing was on the wall for the collapse of FTX and crypto, says a leading supporter of DC’s financial reform
The writing was on the wall for the collapse of FTX and crypto, says a leading supporter of DC’s financial reform
The writing was on the wall for the crash of the FTX and crypto sector. Continue reading
Jeff Bezos’ girlfriend says she’s going to space next year, but not with him
Jeff Bezos’ girlfriend says she’s going to space next year, but not with him
Amazon founder Jeff Bezos flew to and from space in 11 minutes last year, and now his girlfriend is planning to make her own trip sometime next year. But instead of traveling with her partner, Lauren Sánchez told CNN on Monday that she was being accompanied by a “great group of women.” Last year, Bezos – then the richest man…
Binance’s CZ says he’s never shorted FTX’s crypto token — and that the decision to stop selling was “very expensive.”
Binance’s CZ says he’s never shorted FTX’s crypto token — and that the decision to stop selling was “very expensive.”
Binance has emerged as one of the biggest winners from the FTX collapse, but its CEO says it has not shorted its rival. Continue reading