Business

Bloomberg News reports: Target Corp. won’t sell LGBTQ-themed merchandise in some stores during Pride Month in June, after a backlash dented revenue last year. Target faced threats from some customers last year over its Pride merchandise. The Minneapolis-based retailer plans to offer the full assortment online but is considering store-level data to decide which physical locations will carry the products, …

Ars Technica reports: Amazon Prime Video subscribers will see new types of advertisements this broadcast year. Amazon announced today that it’s adding new ad formats to its video streaming service, hoping to encourage people to interact with the ads and shop on Amazon. Those who opted for Prime Video with commercials will soon see shoppable carousel ads, interactive pause ads, …

Bloomberg News reports: Surely someone in that Cupertino spaceship in California could comprehend the grim imagery of its new iPad ad — titled simply “Crush!”— in which a giant crushing machine slowly squeezes a pile of beloved creative tools. First, a trumpet, buckling. Then paint splattering everywhere. A bust, squashed. An upright piano, crushed, strings and hammers flying out with …

The New York Times reports: General Motors said on Wednesday that it would stop making the Chevrolet Malibu, the last sedan in its U.S. model lineup and a venerable nameplate that was introduced in the 1960s when the company was a dominant force in the U.S. economy. For years, American drivers have been gravitating toward sport utility vehicles and away …

Bloomberg News reports: Steven Mnuchin, the former US Treasury Secretary, said he’s still interested in buying TikTok’s US operation from its Chinese owner, and believes the social media app’s critical video recommendation technology could be replicated. “I’ve actually spoken to a lot of tech companies on working about rebuilding this,” Mnuchin said Tuesday in an interview with Bloomberg Television. “I …

The Sacramento Bee reports: California grocery and drug stores would be prohibited from operating self-service checkout stations without adequate staffing, under a proposed law being considered in Sacramento. The bill is being championed by organized labor and opposed by business groups. Under Senate Bill 1446, by Sen. Lola Smallwood-Cuevas, D-Los Angeles, grocery and drug stores would be required to provide …

Reuters reports: U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. While Tesla has warned drivers to stay ready to take over driving, the Justice Department is examining other statements by Tesla and Chief Executive Elon Musk suggesting its …

Axios reports: President Biden will travel to Racine County, Wisconsin, on Wednesday to unveil a $3.3 billion investment by Microsoft to build a new artificial intelligence data center, according to Biden officials. It’s another high-profile announcement from the president on how he’s helping to create jobs with private sector investment — but with a twist. He’ll be taking a not-so-subtle …

CBS News reports: After being notified by Boeing that some company employees failed to complete specific inspections on some 787 Dreamliners but reported the checks as having been completed, essentially falsifying inspection records, the Federal Aviation Administration has opened a formal investigation. The inspections verify there is adequate bonding and grounding of the fasteners connecting the wings to the fuselage. …

The Wall Street Journal reports: TikTok said it filed a federal lawsuit Tuesday challenging the constitutionality of a new law that requires a sale or ban of the popular social-media app, setting up a court showdown over national security and free speech in the age of global information wars. The suit, filed directly with a federal appeals court in Washington, …

Media Matters reports: The Daily Wire announced the launch of a new “men’s lifestyle” company named Responsible Man on May 1, promoting its only current product — a men’s dietary supplement that it says is “designed to help … sharpen brain cognition” and that it suggests will help address what the outlet calls the “increasing health risk” of declining “sperm …

Bloomberg reports: The Swiss Army Knife, the iconic, more than century-old fold-up tool used by whittlers, soldiers and even astronauts, will soon be available without a blade. Victorinox, the company behind the quintessentially Swiss product, is responding to tighter regulations around weapons around the world, Chief Executive Officer Carl Eisner told the Blick newspaper on Monday. Instead, it plans to …

CNBC reports: The auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced. The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, …

CNN Business reports: Truth Social’s average number of daily active US users on iOS and Android dropped by 19% year over year in April to about 113,000, according to data shared exclusively with CNN from Similarweb, a data intelligence company. The Similarweb data, which captures the first 29 days of April, showed that the average number of users dipped 4% …

Courthouse News reports: A panel of automotive industry experts and advocates on Tuesday sought to dissuade lawmakers from moving forward with a bill that would require new vehicles to be fitted with analog radio receivers, despite growing bipartisan momentum behind the measure. Both the House and Senate are considering versions of the AM Radio for Every Vehicle Act, which would …

NBC News reports: The Supreme Court on Monday turned away tech billionaire and Tesla CEO Elon Musk’s attempt to challenge the terms of an agreement he reached with the Securities and Exchange Commission that required a lawyer to review some of his social media posts. The justices rejected Musk’s appeal of a ruling by the New York-based 2nd U.S. Circuit …

The Associated Press reports: Home products retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission “Made in USA” order. Williams-Sonoma was charged with advertising multiple products as being “Made in USA” when they were in fact manufactured in other countries, including China. That violated a 2020 commission order requiring the San Francisco-based company to …

Reuters reports: U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after the agency identified concerns due to crash events after vehicles had the recall …

CNN reports: Southwest Airlines announced Thursday it will stop serving four airports after reporting increased losses in the first quarter and more delays in the delivery of promised jets from Boeing. The four airports are Bellingham International Airport in Washington state, Cozumel International Airport in Mexico, Syracuse Hancock International Airport in New York and Houston’s George Bush Intercontinental Airport. Southwest …

NBC News reports: TikTok CEO Shou Chew said Wednesday that the company would go to court to try to remain online in the United States. In a video posted on the app, Chew denounced a potential ban signed into law by President Joe Biden. The law has a built-in delay of nine months, giving TikTok’s Beijing-based parent company, ByteDance, a …