Business

Bloomberg Law reports: A California federal district court judge has recused himself from hearing a lawsuit four former Twitter Inc. executives brought against Elon Musk for allegedly refusing to pay them severance. Judge Gilliam Haywood said he is “disqualified” from the case led by Parag Agrawal, who served as the chief executive officer of the social media site that Musk …

CNBC reports: Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates. The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics reported Tuesday. The monthly …

Via press release from Airbnb: Airbnb is banning the use of indoor security cameras in listings globally as part of efforts to simplify our policy on security cameras and other devices and to continue to prioritize the privacy of our community. Historically, Airbnb allowed the use of indoor security cameras in common areas of listings, such as hallways and living …

Inside Radio reports: Questions remain about the legislative prospects for a bill that would require AM radio in vehicle dashboards. But if it does come to a vote in the House, the radio industry can rest assured that it will pass. After a day of Capitol Hill lobbying by broadcasters, several lawmakers joined the list of backers of the AM …

The New York Times reports: Unlike Bill Gates, who has deployed his fortune in an effort to improve health care across Africa, or Walmart’s Walton family, which has spurred change in the American education system, Mr. Musk’s philanthropy has been haphazard and largely self-serving — making him eligible for enormous tax breaks and helping his businesses. Since 2020, he has …

CBS News reports: The Justice Department is investigating the Jan. 5 Alaska Airlines door blowout and whether anything that led up to, or contributed to it, could affect the deferred prosecution agreement aircraft manufacturing giant Boeing entered into with the Justice Department in 2021, a person familiar with the investigation confirmed to CBS News. As part of the agreement, which …

Mint reports: Elon Musk has revealed that long-form videos will soon be accessible on smart television sets through the social network X. The announcement comes in the wake of reports by Fortune magazine stating that the platform is gearing up to launch a TV app next week for Amazon and Samsung users. Responding to a user’s inquiry on X, Musk …

The Washington Post reports: Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid. A major factor behind the skyrocketing demand is the rapid innovation in artificial intelligence, which is …

The Texas Tribune reports: Xcel Energy on Thursday acknowledged its involvement in the Smokehouse Creek fire, which started last week and quickly became the largest wildfire in state history, burning more than 1 million acres. “Based on currently available information, Xcel Energy acknowledges that its facilities appear to have been involved in an ignition of the Smokehouse Creek fire,” the …

Axios reports: Oscar Mayer is introducing its first plant-based products: hot dogs and sausages in bratwurst and Italian flavors, made from ingredients like bamboo fiber, mushroom and pea protein. The splashy announcement shows there’s still momentum in the plant-based meat sector, for which many obituaries have been written. Oscar Mayer NotHotDogs and NotSausages will hit grocery stores in the second …

Ars Technica reports: Elon Musk and X Corp. were sued yesterday by four former Twitter executives who say they were cheated out of more than $128 million in severance when Musk bought the social network and fired them. Former Twitter CEO Parag Agrawal, former CFO Ned Segal, former Chief Legal Officer Vijaya Gadde, and former General Counsel Sean Edgett filed …

NPR reports: The cost of a late payment on your credit card could soon be going down. Federal regulators issued a new rule Tuesday capping credit card late fees at $8, down from the current average of $32. The move is expected to save customers $10 billion a year. Consumer advocates praised the measure as providing welcome relief for millions …

Reuters reports: Rocket maker SpaceX on Tuesday will appear before a U.S. labor board judge to face claims that it fired eight engineers for criticizing CEO Elon Musk and accusing him of sexist conduct in a letter to company executives. The NLRB’s general counsel, which acts as a prosecutor, claims SpaceX violated U.S. labor law by firing the engineers in …

Changing America reports: Although marijuana is illegal under federal law, 54% of Americans live in a state where recreational use of marijuana is legal, according to an analysis from the Pew Research Center. The analysis revealed that 74% of Americans live in a state where marijuana is legal for either medical or recreational use. Additionally, 79% of Americans live in …

CNBC reports: JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge in January blocked JetBlue’s attempted takeover of budget carrier Spirit after the Justice Department sued to bar the deal last year. The Justice Department alleged the acquisition would stifle …

USA Today reports: More than 50 years after the oral contraceptive pill went on the market in the United States, the country’s first over-the-counter birth control pill will be available in stores and online nationwide later this month. Known as Opill, the birth control pill will be available without prescription necessary in major retailers and pharmacies nationwide in late March, …

Bloomberg News reports: Apple Inc. was hit Monday with a €1.8 billion ($2 billion) penalty from the European Union over an investigation into allegations it shut out music-streaming rivals, including Spotify Technology SA, on its platforms. The European Commission also ordered the Cupertino, California-based firm to stop preventing music-streaming apps from informing users of cheaper deals away from Apple’s App …

Bloomberg News reports: Elon Musk, a cofounder of OpenAI who is no longer involved in the company, sued OpenAI and its Chief Executive Officer Sam Altman late Thursday, alleging the company’s close relationship with Microsoft Corp. has undermined its original mission of creating open-source technology that wouldn’t be subject to corporate priorities. OpenAI Chief Strategy Officer Jason Kwon pushed back …

The New York Times reports: The two largest pharmacy chains in the United States will start dispensing the abortion pill mifepristone this month, a step that could make access easier for some patients. Officials at CVS and Walgreens said in interviews on Friday that they had received certification to dispense mifepristone under guidelines that the Food and Drug Administration issued …

Reuters reports: A California state judge tentatively ruled that nearly 6,000 Black factory workers can sue Tesla as a group for the electric vehicle maker’s alleged failure to address rampant race discrimination and harassment at its Fremont plant. California Superior Court Judge Noel Wise in Oakland said in a written order issued on Wednesday that the lawsuit presents questions common …