Business

Gothamist reports: Dozens of businesses that have been shut down in the cannabis enforcement blitz that New York City Mayor Eric Adams launched in early May are filing a class-action lawsuit against the city to stop the expedited closures, claiming they’re unconstitutional. The enforcement effort, dubbed “Operation Padlock to Protect,” closed more than 300 stores suspected of making unlicensed cannabis …

NBC News reports: Tesla CEO Elon Musk won the backing of shareholders Thursday in his fight to reclaim a $56 billion pay package voided by a Delaware judge who ruled the record-breaking compensation was excessive. Shareholders voted in favor of restoring the package they approved in 2018, Brandon Ehrhart, Tesla’s general counsel and board secretary, announced on stage at the …

Courthouse News reports: Walt Disney Co. on Wednesday asked a federal judge to throw out the Elon Musk-funded wrongful termination lawsuit by actress Gina Carano, who was dropped from “The Mandalorian” television series after comparing the treatment of conservatives in the U.S. to that of Jews in Nazi Germany. In their request to dismiss Carano’s complaint, Disney and its Lucasfilms …

NBC News reports: Eight former SpaceX employees are suing the rocket company and its CEO Elon Musk, alleging that Musk personally ordered their firing after they accused SpaceX of tolerating sexual harassment in the workplace. The eight employees were all fired in 2022 after they circulated an “open letter” within SpaceX alleging that Musk’s “behavior in the public sphere is …

Reuters reports: Martin Shkreli has been sued in New York by a digital art collective that said it paid $4.75 million for a one-of-a-kind album by the hip-hop group Wu-Tang Clan, only to learn that the convicted pharmaceutical executive made copies and is releasing the music to the public. Shkreli paid $2 million in 2015 for “Once Upon a Time …

The Texas Tribune reports: Families of survivors of the Robb Elementary School shooting are suing the package shipping companies UPS and FedEx for allegedly violating state and federal law and their own corporate safety standards. On the day of the shooting, the gunman was armed with a weapon ordered online and shipped to Oasis Firearms in Uvalde where it was …

The Associated Press reports: Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into its Florida resort and opens the door to a fifth major theme park at Walt Disney World. The five DeSantis-appointed …

CNBC reports: Milwaukee based department store giant Kohl’s says it will not sponsor any events related to the Republican National Convention in that city this summer, where Donald Trump will be crowned the party’s nominee for president. “Kohl’s is not a political organization nor donor and is not sponsoring nor engaging in any specific RNC events,” a spokeswoman for the …

The Verge reports: Tesla board chair Robyn Denholm is calling on the company’s shareholders to approve Elon Musk’s massive $56 billion pay package or risk driving the billionaire CEO to greener pastures. On June 13th, Tesla shareholders will decide the fate of Musk’s compensation package, which is estimated to be worth as much as $56 billion. Denholm implying that Musk …

CNN Business reports: A nationwide AT&T outage is once again leaving some customers in the dark on Tuesday. In a statement sent to CNN, the company said a problem is preventing many AT&T customers from completing calls between carriers. That also means customers from a rival service can not place calls to an AT&T customer. Calls between AT&T customers are …

From the Justice Department: Envigo RMS LLC pleaded guilty today to conspiring to knowingly violate the Animal Welfare Act, and Envigo Global Services Inc. pleaded guilty to a felony of conspiring to knowingly violate the Clean Water Act. Both pleas are in relation to a dog breeding facility located in Cumberland County, Virginia, from which the Justice Department secured the …

Axios reports: The Federal Aviation Administration has authorized Amazon’s delivery drones to fly longer distances without visual spotters, a key hurdle that will allow the retailer to expand its fledgling Prime Air service. Amazon’s goal is to deliver 500 million packages a year by drone by 2029. But first, it had to satisfy government regulators that it could fly safely …

Business Insider reports: Pride this year at Target is shaping up to be a lot smaller, shorter, and quieter than it once was — and there’s a good chance you might not see it at all. Whereas last May, Target’s Pride collection featured more than 2,000 items online, this year’s assortment consists of several dozen items — fewer than 75 …

Fox Business reports: Walmart promoted its new Pride apparel on social media ahead of Pride month on Saturday, writing on Instagram, “Not just a slogan. #PrideAlways is a reminder to lead with love.​” The company’s promotion comes just weeks after Target said its Pride collection would only be available in “select stores” following a major backlash by conservatives last year. …

NBC News reports: It may be the highest-stakes popularity contest in history. Friends and foes of tech billionaire Elon Musk are in the middle of a two-month battle over whether to reinstate a record $56 billion pay package for the Tesla CEO, months after a Delaware state judge struck down his compensation as improperly awarded. The fight is in the …

CBS News reports: The Justice Department is set to file an antitrust lawsuit against entertainment conglomerate Live Nation as early as Thursday, multiple sources familiar with the matter confirmed to CBS News. The federal government will be joined in its legal challenge by several state attorneys general. Prosecutors are expected to challenge the Ticketmaster parent company’s practices and could seek …

Axios reports: Tesla Motors’ brand reputation continued to slip over the last year as the antics of polarizing CEO Elon Musk and other issues tarnished its once-impeccable image, according to new Axios Harris Poll 100 survey results. Tesla soared to 8th place in 2021’s ranking of America’s 100 most visible companies by their perceived image, but has since plummeted to …

NBC News reports: Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, according to people with knowledge of Amazon’s plans. The Seattle-based tech and retail giant will launch a more conversational version of Alexa later this year, potentially positioning it to better …

The New York Times reports: Ivan F. Boesky, the brash financier who came to symbolize Wall Street greed as a central figure of the 1980s insider trading scandals, and who went to prison for his misdeeds, died on Monday. He was 87. An inspiration for the character Gordon Gekko in Oliver Stone’s movie “Wall Street” and its sequel, Mr. Boesky …

Bloomberg News reports: Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. The Orlando, Florida-based company filed for Chapter 11 protection on Sunday, listing assets and liabilities of $1 billion to $10 billion each in its bankruptcy petition. The filing allows the company to keep operating while it …