Business

Elon Musk Has Vatican Audience With Pope Francis

The Associated Press reports: Tesla CEO Elon Musk, whose $44 billion bid to buy Twitter remains in limbo, used the social media platform to announce he had met with Pope Francis. “Honored to meet @Pontifex yesterday,” Musk tweeted of the Friday afternoon audience, alongside a photo showing Musk, Francis and four of Musk’s teenage children. Francis frequently meets with high-profile …

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Thousands Of Flights Delayed Or Cancelled [VIDEO]

The New York Times reports: As of Saturday night, nearly 650 flights in the United States had been canceled and more than 5,200 flights within, into or out of the country had been delayed, according to the flight tracking website FlightAware. FlightAware data showed that the three airports in the United States most affected by cancellations and delays on Saturday …

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Tesla Sued Again Over Alleged Racism At CA Plants

Bloomberg News reports: Tesla Inc. was sued by 15 Black current or former employees who allege a racist work environment including harassment and intimidation at plants in California, the latest in a string of such lawsuits against the electric-car maker. The lawsuit, filed Thursday in state court in Alameda County, extensively details racist slurs and graffiti and other acts the …

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Airbnb Permanently Bans House Parties At Its Rentals

Via press release from Airbnb: At Airbnb, we believe the neighborhoods and communities in which we operate are as important as the Hosts and guests who use our service. We know that the overwhelming majority of our Hosts share their homes responsibly, just as the overwhelming majority of guests are responsible and treat their listings and neighborhoods as if they …

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Anti-Gay Bakers Launch Money Beg For New Bakery

The Christian Post reports: Aaron and Melissa Klein, a Christian couple whose bakery has been held up in the courts for years and were ordered to pay $135,000 in damages for refusing to bake a cake for a same-sex wedding, are now working on opening a new shop to “show God’s goodness to everyone.” The Kleins, who owned Sweet Cakes …

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Airlines Blame FAA Staffing For Flight Disruptions

ABC News reports: Airlines under scrutiny for widespread flight disruptions are renewing their criticism of the government agency that manages the nation’s airspace, saying that understaffing at the Federal Aviation Administration is “crippling” traffic along the East Coast. Airlines for America, which represents the largest U.S. carriers, said Friday it wants to know FAA’s staffing plans for the July Fourth …

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Federal Court Temporarily Blocks FDA Ban On Juul Sales

The New York Times reports: A federal appeals court on Friday granted a temporary reprieve to Juul Labs that will allow it to keep its e-cigarettes on the market, pending further court review of a decision just a day earlier by the Food and Drug Administration to ban sales of the company’s products. It will be up to the appeals …

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Hacker Rips Off Cryptocurrency Startup For $100M

TechCrunch reports: A hacker has exploited a vulnerability to steal $100 million from Harmony’s Horizon Bridge, which allows users to transfer their crypto assets from one blockchain to another. Harmony, the U.S. crypto startup behind Horizon, said in a blog post on Friday that it was notified of a “malicious attack” on its proprietary Horizon blockchain bridge on Thursday. Blockchain …

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Companies Pledge To Help Employees Access Abortion

Axios reports: Multiple companies said Friday that they would help employees access reproductive health care and pay for travel expenses. Disney told employees Friday that “we recognize the impact of the ruling” and the company will provide access to quality and affordable care for employees and their families, which includes family planning and reproductive care, a Disney spokesperson told Axios. …

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Nike And Cisco Systems To Fully Exit Russia [VIDEO]

Reuters reports: U.S. companies Cisco Systems and Nike plan to fully exit Russia, the two firms told Reuters on Thursday, as the pace of Western firms departing accelerated. Telecoms equipment maker Cisco will wind down its business in Russia and Belarus, the company said. Nike is making a full exit from Russia three months after suspending its operations there, the …

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FDA Orders Juul Brand To Stop Selling E-Cigarettes

The New York Times reports: The Food and Drug Administration on Thursday ordered Juul to stop selling e-cigarettes on the U.S. market, a profoundly damaging blow to a once-popular company whose brand was blamed for the teenage vaping crisis. The order affects all of Juul’s products on the U.S. market, the overwhelming source of the company’s sales. Juul’s sleek vaping …

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Musk Claims New Tesla Factories Are Losing “Billions”

Bloomberg News reports: Elon Musk said Tesla Inc.’s new plants in Germany and Texas are losing “billions of dollars” as the electric-vehicle maker tries to ramp up production. “Both Berlin and Austin factories are gigantic money furnaces right now,” the chief executive officer said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday. The comments, part …

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Twitter Board Tells Shareholders To Okay Musk Buyout

USA Today reports: Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing with the U.S. Securities and Exchange Commission (SEC) Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though …

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Kellogg To Split, Create Plant-Based Food Company

The Associated Press reports: Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet-to-be-named cereal and plant-based foods companies should be completed by the end of next year. Kellogg’s …

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Elon Musk “Undecided” On Backing Trump In 2024

Bloomberg News reports: Tesla Inc. Chief Executive Officer Elon Musk said he’s undecided about who he’d support in the 2024 presidential election when asked specifically if he’d back former president Donald Trump. “I think I’m undecided at this point about that election,” Musk said in an interview with Bloomberg News. The world’s richest man also said he’s willing to put …

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Musk’s Trans Daughter Seeks To Sever Ties To Him

Reuters reports: Elon Musk’s transgender daughter has filed a request to change her name in accordance with her new gender identity and because “I no longer live with or wish to be related to my biological father in any way, shape or form.” The petition for both a name change and a new birth certificate reflecting her new gender identity …

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$68M In Cocaine Shipped To Czech Supermarkets

Vice News reports: Supermarket workers at stores in the Czech Republic were shocked to find a record haul of cocaine hidden among crates of bananas from Central America. Police said in total staff found 840kg of cocaine wrapped in green packages stuffed in banana crates sent to supermarkets in the towns of Jicin and Rychnov nad Kneznou in the north …

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US Air Travel Disruptions Continue For Fourth Day

NBC News reports: Thousands of flights wound up cancelled and delayed during the Juneteenth and Father’s Day holiday weekend, which included the busiest air travel day of the year on Friday, according to the TSA. More than 6,300 flights were delayed within, into or leaving the U.S. on Saturday, and 859 flights were cancelled, according to the flight tracking platform …

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Buttigieg: US May Act Against Airlines Over Disruptions

The Associated Press reports: The day after Transportation Secretary Pete Buttigieg met with airline leaders to quiz them about widespread flight disruptions, his own flight was canceled and he wound up driving from Washington to New York. “That is happening to a lot of people, and that is exactly why we are paying close attention here to what can be …

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Maryland Apple Store Workers Vote To Join Union

The Washington Post reports: Apple workers in the Baltimore area voted to join a union Saturday, becoming the first of the tech giant’s U.S. retail stores to do so. The vote means workers at the Towson, Md., store plan to join the International Association of Machinists and Aerospace Workers (IAM) once a contract is ratified. Saturday evening’s initial tally was …

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