Business

The Hill reports: Lawmakers say the future of AM radio is in jeopardy after companies including Ford and Tesla announced some of their new models will no longer include AM receivers. “If Elon Musk has enough money to buy Twitter and send rockets to space, he can certainly afford to include AM radio in his Teslas,” Rep. Josh Gottheimer (D-NJ) …

“Disney announced the possibility of a Lake Nona campus nearly two years ago. Nothing ever came of the project, and the state was unsure whether it would come to fruition. Given the company’s financial straits, falling market cap and declining stock price, it is unsurprising that they would restructure their business operations and cancel unsuccessful ventures.” – DeSantis spox Jeremy …

The New York Times reports: In March, Disney called Gov. Ron DeSantis of Florida “anti-business” for his scorched-earth attempt to tighten oversight of the company’s theme park resort near Orlando. Last month, when Disney sued the governor and his allies for what it called “a targeted campaign of government retaliation,” the company made clear that $17 billion in planned investment …

Reuters reports: Hyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth more than $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners said on Thursday. In February, the Korean automakers said they would offer software upgrades to 8.3 million U.S. vehicles without anti-theft immobilizers to help curb increasing car thefts …

The Times Of Israel reports: Hours after tweeting that George Soros “hates humanity,” drawing rebuke from Israel’s Foreign Ministry and many others, Elon Musk bashed the Anti-Defamation League (ADL), appearing to draw praise from a series of white supremacist accounts on Twitter, which he owns. On Tuesday afternoon, Musk tweeted: “ADL should just drop the ‘A,’” meaning that the group, …

CNBC reports: Elon Musk told CNBC’s David Faber on Tuesday that he doesn’t care if his inflammatory tweets scare away potential Tesla buyers or Twitter advertisers. “I’ll say what I want, and if the consequence of that is losing money, so be it,” said Musk, who owns Twitter. Musk has for years tweeted controversial items, including conspiracy theories and comments …

The New York Times reports: Florida legislation that was designed to hamstring Disney could end up helping the company, at least in relation to a lawsuit in state court over development at Walt Disney World near Orlando. On Tuesday, Disney filed a motion to dismiss the state court case. As a matter of legal maneuvering, the filing was routine: Disney …

Courthouse News reports: Tesla CEO Elon Musk failed to overturn corporate monitoring of some of his tweets imposed by the SEC. In a 7-page ruling made public Monday, a three-judge panel for the Second Circuit found no reason to terminate oversight to which Musk had voluntarily agreed. The Securities and Exchange Commission mandated oversight of Musk’s social media posts concerning …

Reuters reports: Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. Vice said that the lender consortium, which includes Fortress Investment Group, Soros Fund Management and Monroe Capital, will provide about $225 million in the …

The Washington Post reports: Automakers, such as BMW, Volkswagen, Mazda and Tesla, are removing AM radios from new electric vehicles because electric engines can interfere with the sound of AM stations. And Ford, one of the nation’s top-three auto sellers, is taking a bigger step, eliminating AM from all of its vehicles, electric or gas-operated. Some station owners and advertisers …

NPR reports: Adidas plans to sell its stock of unsold Yeezy shoes and will donate the proceeds from the sales to charity, CEO Bjorn Gulden said Thursday. The German athletic and footwear brand cut ties with Kanye West late last year over his antisemitic remarks — leaving the company to figure out what to do with its Yeezy merchandise. During …

Florida Politics reports: Florida will no longer stand clear of the monorail doors. Gov. Ron DeSantis has signed legislation (HB 1305) that will allow state inspections of Walt Disney World’s monorail system. Those provisions were part of a larger transportation bill that also increases debt service for the state’s transportation trust fund and authorizes new projects and partnerships. But the …

The Orlando Weekly reports: Yasmin Flasterstein and Dandelion Hill had just one stop left on their way to a “transgender joy” event hosted by the Orlando group they co-founded, Peer Support Space. They walked into Publix at Colonialtown with the intention of picking out a cake and grabbing some flowers. But when the two asked the bakery associate to write, …

The New York Times reports: Elon Musk is in talks to hire Linda Yaccarino, the chair of global advertising and partnerships at NBCUniversal, as chief executive of Twitter, two people with knowledge of the matter said. The talks are at an advanced stage, said the people, who spoke on the condition of anonymity because the conversations are confidential. Ms. Yaccarino …

CBS News reports: Elon Musk on Thursday tweeted that he’s found “a new CEO for X/Twitter,” adding, “She will be starting in ~6 weeks!” Musk said that he’ll transition to executive chairman and chief technology officer of the social media network. Musk, who bought Twitter last year, didn’t disclose the name of the new CEO. The billionaire has said for …

Reuters reports: Walt Disney Chief Executive Bob Iger on Wednesday accused Florida politicians of retaliating against the company and questioned the state’s interest in the entertainment conglomerate’s continued investment in Walt Disney World. “We operate responsibly. We pay our fair share of taxes. We employ thousands of people. And by the way, we pay them above the minimum wage, substantially …

Reuters reports: Amazon.com is offering customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and returns amid slack consumer demand. Amazon over the last few days has emailed an unknown number of Prime subscribers offering them $10 to …

CNBC reports: Disney on Monday expanded its federal lawsuit against Florida Gov. Ron DeSantis, accusing the Republican leader of doubling down on his “retribution campaign” against the company by signing legislation to void Disney’s development deals in Orlando. Disney’s amended lawsuit also noted that Florida’s Republican-led legislature passed legislation last week targeting Walt Disney World’s monorail system. “Governor DeSantis and …

The Associated Press reports: Six people were hurt — two critically — when part of a heating and ventilation system collapsed at a resort pool in Colorado on Saturday, fire officials said. There were 50 to 100 guests in the pool when the collapse occurred about 9:50 a.m. at the Gaylord Rockies resort near Denver International Airport, Aurora Fire Rescue …

Fortune reports: In an about-face, Twitter says it has restored free access to a key tool for verified government and “publicly owned” services so they can tweet weather, transit and other alerts after New York City’s transit agency said earlier this week it would no longer use the platform for its service advisories. Last month, the company announced a new …