Business

CBS News reports: Some of the biggest makers of cereals, frozen and packaged food have submitted dozens of claims to the Food and Drug Administration objecting to new rules that would exclude food with high amounts of added sugar and salt from being labeled as “healthy” on packaging. Some manufacturers have even called the regulations unconstitutional, saying they violate companies’ …

The Guardian reports: Elon Musk is facing yet another lawsuit as shareholders of Tesla accuse the chief executive and his company of overstating the effectiveness and safety of their electric vehicles’ autopilot and full self-driving technologies. Shareholders have alleged in the proposed class-action lawsuit that Tesla defrauded them over four years with false and misleading statements that concealed how its …

Reuters reports: Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This week, fans hope, he will explain what he has in mind – and perhaps how he can afford to build it. Musk said last year he shelved the plan for a $25,000 car, known as Model 2, and …

The New York Times reports: Twitter laid off at least 200 of its employees on Saturday night, three people familiar with the matter said, or about 10 percent of the roughly 2,000 who were still working for the company. Elon Musk has steadily pared back its work force from about 7,500 employees as he has sought to reduce costs. The …

The Glenwood Post reports: Cerveza, margaritas and enchiladas rancheras are coming to a downtown Rifle spot that formerly dished out burgers and fries by pistol-packing servers. Tapatios of New Castle is currently in the process of opening a new location inside the vacant downtown Rifle storefront that used to house Shooters Grill. The former Shooters was owned by Silt Republican …

Roll Call reports: Donations from corporate and trade association PACs declined in the 2022 cycle by 10 percent to Republicans who voted against certifying the 2020 election for President Joe Biden, according to an analysis of campaign reports by Accountable.us. The nonpartisan group, which seeks to curb corporate influence in politics, looked at the political action committees of Fortune 500 …

The Associated Press reports: Soy, oat, almond and other drinks that bill themselves as “milk” can keep using the name, according to draft federal rules released Wednesday. Food and Drug Administration officials issued guidance that says plant-based beverages don’t pretend to be from dairy animals – and that U.S. consumers aren’t confused by the difference. Dairy producers for years have …

The Hill reports: President Biden has upheld an International Trade Commission (ITC) ruling that could result in an import ban on the Apple Watch, according to AliveCor, a medical device company that has accused Apple of patent infringement. The California startup said it was informed of Biden’s decision by the Office of the U.S. Trade Representative (USTR) on Tuesday. It’s …

NBC News reports: The Environmental Protection Agency announced a sweeping enforcement action against Norfolk Southern on Tuesday, compelling the rail company to conduct and pay for cleanup actions associated with the Feb. 3 derailment of a train carrying toxic chemicals in East Palestine, Ohio. “The Norfolk Southern train derailment has upended the lives of East Palestine families, and EPA’s order …

Bloomberg News reports: The US National Highway Traffic Safety Administration asked Tesla Inc. for more information about one of its vehicles colliding with a fire truck in a fatal crash in the San Francisco Bay area. The agency reached out to the manufacturer after the incident in Contra Costa County during the Presidents’ Day holiday weekend. The county fire department …

Bloomberg News reports: The new Meta Verified service for Facebook and Instagram will allow users to join celebrities and other public figures in having a blue check that confirms their identity, starting from $11.99 per month, the company said in a statement. The Meta Verified feature may add $2 billion to $3 billion to Meta’s annual sales, Bloomberg Intelligence analyst …

Axios reports: Meta, the parent company of Facebook and Instagram, announced on Sunday that it will be testing out a monthly subscription service that allows users to verify their accounts. The move is aimed at “increasing authenticity and security across our services,” Meta CEO Mark Zuckerberg wrote in a Facebook post announcing the news. It will allow users to verify …

Reuters reports: Twitter said on Friday it will allow only paid subscribers to use text messages as a two-factor authentication (2FA) method to secure their accounts. After March 20, “only Twitter Blue subscribers will be able to use text messages as their two-factor authentication method,” the company tweeted. Two-factor authentication, meant to make accounts more secure, requires an account holder …

The Street reports: If there’s one thing Tesla CEO Elon Musk is known for, it’s jumping into the comments on Twitter specially when someone is criticizing him. In his latest social media appearance, Musk popped up after The Washington Post shared a story that insinuates that Musk’s changes to Twitter after his purchase of the social media platform in October …

The New York Times reports: Tesla is recalling more than 362,000 cars equipped with its Full Self-Driving driver-assistance system after government regulators found it increased the risk of accidents. The company’s technology, which can steer, accelerate, brake and change lanes on its own, allows vehicles to travel above legal speed limits and through intersections in “an unlawful or unpredictable manner,” …

Axios reports: Twitter on Wednesday updated its advertising policies to allow cannabis ads to run on its service in states where cannabis is legal, in accordance with federal guidelines. The policy represents the biggest step forward that any major tech company has made toward allowing cannabis advertising where it’s legal in the U.S. Twitter will only accept cannabis advertisers that …

The New York Times reports: Hundreds of Ohio residents gathered in a school gym on Wednesday night to demand answers about the ongoing fallout from a derailed train carrying hazardous chemicals, transforming what had been billed as an informational meeting into a heated town hall where officials with the railroad company didn’t even show up. The mayor pleaded with the …

Platformer reports: Biden’s tweet, in which he said he would be supporting his wife in rooting for the Philadelphia Eagles, generated nearly 29 million impressions. Musk, who also tweeted his support for the Eagles, generated a little more than 9.1 million impressions before deleting the tweet in apparent frustration. In the wake of those losses — the Eagles to the …

Yahoo Entertainment reports: As Netflix begins its crackdown on password sharing, the streaming giant’s Canadian division has introduced a new way to stop people from sharing. Netflix Canada confirmed via a release on its website stating the new procedure. Users will have to set a primary location where anyone living in that household can access Netflix. Any additional users on …

The BBC reports: Adidas has warned of a potential major impact on its profits after ending its partnership with rapper and fashion designer Kanye West last November. The firm’s new boss said it could lose hundreds of millions of dollars this year if it decides not to sell its stock of Yeezy sneakers. The sportswear giant cut ties with West, …