Business

Axios reports: X on Tuesday filed a federal antitrust lawsuit against an advertising industry coalition and its members—including CVS Health, Mars, Orsted and Unilever—alleging the group abused its influence over marketers and ad agencies to discriminate unfairly against X, prompting an ad boycott. GARM was created by members of the World Federation of Advertisers (WFA) in 2019 to set standards …

Reuters reports: Alphabet’s Google broke the law with its monopoly over online searches and related ads, a federal judge ruled on Monday, in the U.S. Justice Department’s first victory against a monopoly in more than 20 years. The decision is a significant win for the Justice Department, which had sued the search engine giant over its control of about 90% …

Reuters reports: The parents of a motorcyclist who was killed in a 2022 crash involving a Tesla Model 3 on Autopilot in Utah sued the electric carmaker and the vehicle’s driver, claiming that the driver assistant software and other safety features are “defective and inadequate.” Landon Embry, 34, died on the scene after the Model 3 put on Autopilot at …

The business site Benzinga reports: Elon Musk said on Friday that he discussed the idea of a ‘government deficiency commission’ with Republican Presidential candidate Donald Trump in case the former President reclaims the White House. The CEO also expressed his willingness to be part of it. “I have discussed with Trump the idea of a government deficiency commission,” Musk told …

The Texas Tribune reports: Chevron Corporation will move its headquarters from San Ramon, California, to Houston before the end of the year, the company said Friday. Chevron is the latest company to leave California for Texas seeking a laxer, more business-friendly regulatory environment. Last month, Elon Musk said he’ll move X and SpaceX to Texas because California Gov. Gavin Newsom …

Reuters reports: More than 100 venture capitalists including entrepreneur Mark Cuban threw their support behind U.S. Democratic presidential candidate Kamala Harris on Wednesday, a counterweight to tech billionaires backing Republican rival Donald Trump. Silicon Valley has traditionally been seen as a liberal bastion, but Republicans have won support from prominent industry figures in this election cycle. They were bolstered by …

CNBC reports: Meta agreed to pay a record $1.4 billion to settle a lawsuit by the state of Texas over the Facebook owner’s unauthorized use of biometric data by users, Texas Attorney General Ken Paxton said Tuesday. The suit, filed by Paxton in February 2022, accused Meta of capturing and using the biometric data of millions of Texas residents — …

CBS News reports: Delta Air Lines has hired famed attorney David Boies to seek potential damages following days of canceled flights related to a CrowdStrike bug that disabled Microsoft programs, taking down the airline’s internal systems and causing chaos for travelers. Boies’ firm, Boies Schiller Flexner LLP, is evaluating claims against CrowdStrike and Microsoft, CBS News has confirmed. Boies previously …

Courthouse News reports: Boeing will plead guilty to one count of conspiracy and the company’s board will pay over $940 million after the crashes of two 737 Max aircraft that killed 346 people, federal prosecutors told a federal judge Wednesday evening. Prosecutors say in the proposed plea agreement filed Wednesday that the Virginia-based aerospace manufacturer will plead guilty to conspiracy …

CNBC reports: Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying. The airline plans to start selling the first flights that will offer extra legroom next year, it said Thursday. The …

Axios reports: Delta Air Lines is under federal investigation over how it’s been handling delays and cancellations amid technical issues with its crew scheduling software. Delta’s continuing problems, as its competitors have rebounded from a widespread software outage, are a black eye for the company. Every major U.S. airline except Delta was back to normal operations by Monday morning. Delta …

Quartz reports: Elon Musk’s endorsement of former President Donald Trump — the man who has promised the U.S. will “drill, baby, drill” for more oil — isn’t endearing his company to potential Tesla buyers. The electric vehicle maker’s favorability among Democrats has dropped to 16% as of July 16, down 20 percentage points from January, Yahoo Finance reports, citing new …

Bloomberg reports: Mark Zuckerberg said that former President Donald Trump’s immediate reaction after being shot was “badass” and inspiring, and helps explain his appeal to voters. “Seeing Donald Trump get up after getting shot in the face and pump his fist in the air with the American flag is one of the most badass things I’ve ever seen in my …

NBC News reports: John Deere said Wednesday it would cease lending its name to social events like LGBTQ Pride parades — the latest corporation to reassess its stance on hot-button social issues as the culture wars ignite ahead of the presidential election. In a statement posted on its X account, the nearly 200-year-old industrial and farming equipment manufacturer said it …

The Associated Press reports:  Prime Day, a two-day discount event for Amazon Prime members, kicks off on Tuesday and runs through Wednesday. The Better Business Bureau reminded consumers to watch out for lookalike websites, too-good-to-be-true social media ads, and unsolicited emails or calls during sales events this month. The Israel-founded cybersecurity company Check Point Software Technologies said more than 1,230 …

CBS News reports: SpaceX launched another batch of Starlink internet satellites from California Thursday, but the engine powering the rocket’s second stage suffered a catastrophic failure, if not an explosion, during an attempt to carry out a final “burn” to raise the low point of the orbit, company founder Elon Musk posted early Friday on X. Musk referred to the …

The Associated Press reports: The Beastie Boys are suing the parent company of Chili’s in a case that accuses the chain restaurant of running an advertisement that used the hip-hop trio’s smash hit “Sabotage” without permission. The rap group, in a federal case filed Wednesday in New York, alleged Brinker International created a Chili’s ad that used significant portions of …

TechCrunch reports: U.S. phone giant AT&T confirmed Friday it will begin notifying millions of consumers about a fresh data breach that allowed cybercriminals to steal the phone records of “nearly all” of its customers, a company spokesperson told TechCrunch. In a statement, AT&T said that the stolen data contains phone numbers of both cellular and landline customers, as well as …

NBC News reports: DVD rental service Redbox is set to shut down after 22 years in business, as streaming continues to dominate the at-home entertainment market. Redbox’s parent company, Chicken Soup for the Soul Entertainment, changed its Chapter 11 bankruptcy case, filed last month, to a Chapter 7 liquidation case on Wednesday. The conversion signifies that the company couldn’t come …

NBC News reports: Target will soon stop accepting personal checks as a form of payment at checkout. In a statement to NBC News, the retail giant said it was committed to creating an easy and convenient checkout experience — but that due to “extremely low volumes,” it would no longer take personal checks starting July 15. It said it has …