Business

The Verge reports: Twitter still hopes to close the deal, despite Musk’s attempted termination. Twitter board chairman Bret Taylor wrote that the company will “pursue legal action to enforce the merger agreement” and feels “confident we will prevail” in court. It’s incumbent that Musk prove that Twitter has breached their agreement, as he can’t just pull out the signed agreement …

Reuters reports: Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc (TWTR.N), citing material breach of multiple provisions of the agreement. Shares of Twitter fell 6% in extended trading. The announcement brings to an end a will-he-won’t-he saga after the world’s richest person clinched a deal for Twitter in April but …

Bloomberg News reports: Elon Musk told the father of a teenager who died in a Tesla Model S crash that the carmaker made a mistake in removing a speed limiter from the vehicle without the father’s permission, a lawyer for the family said in court. Curtis Miner, the attorney, told a jury Thursday that the billionaire chief executive officer of …

The Washington Post reports: Elon Musk’s deal to buy Twitter is in serious jeopardy, three people familiar with the matter say, as Musk’s camp concluded that Twitter’s figures on spam accounts are not verifiable. Musk’s team has stopped engaging in certain discussions around funding for the $44 billion deal, including with a party named as a likely backer, one of …

The Sioux City Journal reports: Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices, which will likely only add to concerns about how the lack of competition in the industry affects meat prices. Lawyers began notifying companies affected by this latest settlement Tuesday. Previously, …

Futurism reports: What happens in VR in Vegas, amirite? Forget strap-ons — a porn outfit called VR Bangers is helping customers strap into a brand new porn experience in Sin City. For the curious and/or terminally lonely, the adult entertainment outfit says it’s delivering smut-enabled VR headsets via delivery robots. Although the city’s notorious getaways often offer adult movies for …

The New York Times reports: A listeria outbreak blamed for the death of one person and the hospitalization of 22 people across 10 states has been linked to ice cream made in Florida, the federal authorities said on Saturday. Big Olaf Creamery, a family-owned company in Sarasota, Fla., exclusively sells ice cream in Florida, the federal Centers for Disease Control …

The Associated Press reports: Tesla CEO Elon Musk, whose $44 billion bid to buy Twitter remains in limbo, used the social media platform to announce he had met with Pope Francis. “Honored to meet @Pontifex yesterday,” Musk tweeted of the Friday afternoon audience, alongside a photo showing Musk, Francis and four of Musk’s teenage children. Francis frequently meets with high-profile …

The New York Times reports: As of Saturday night, nearly 650 flights in the United States had been canceled and more than 5,200 flights within, into or out of the country had been delayed, according to the flight tracking website FlightAware. FlightAware data showed that the three airports in the United States most affected by cancellations and delays on Saturday …

Bloomberg News reports: Tesla Inc. was sued by 15 Black current or former employees who allege a racist work environment including harassment and intimidation at plants in California, the latest in a string of such lawsuits against the electric-car maker. The lawsuit, filed Thursday in state court in Alameda County, extensively details racist slurs and graffiti and other acts the …

Via press release from Airbnb: At Airbnb, we believe the neighborhoods and communities in which we operate are as important as the Hosts and guests who use our service. We know that the overwhelming majority of our Hosts share their homes responsibly, just as the overwhelming majority of guests are responsible and treat their listings and neighborhoods as if they …

The Christian Post reports: Aaron and Melissa Klein, a Christian couple whose bakery has been held up in the courts for years and were ordered to pay $135,000 in damages for refusing to bake a cake for a same-sex wedding, are now working on opening a new shop to “show God’s goodness to everyone.” The Kleins, who owned Sweet Cakes …

ABC News reports: Airlines under scrutiny for widespread flight disruptions are renewing their criticism of the government agency that manages the nation’s airspace, saying that understaffing at the Federal Aviation Administration is “crippling” traffic along the East Coast. Airlines for America, which represents the largest U.S. carriers, said Friday it wants to know FAA’s staffing plans for the July Fourth …

The New York Times reports: A federal appeals court on Friday granted a temporary reprieve to Juul Labs that will allow it to keep its e-cigarettes on the market, pending further court review of a decision just a day earlier by the Food and Drug Administration to ban sales of the company’s products. It will be up to the appeals …

TechCrunch reports: A hacker has exploited a vulnerability to steal $100 million from Harmony’s Horizon Bridge, which allows users to transfer their crypto assets from one blockchain to another. Harmony, the U.S. crypto startup behind Horizon, said in a blog post on Friday that it was notified of a “malicious attack” on its proprietary Horizon blockchain bridge on Thursday. Blockchain …

Axios reports: Multiple companies said Friday that they would help employees access reproductive health care and pay for travel expenses. Disney told employees Friday that “we recognize the impact of the ruling” and the company will provide access to quality and affordable care for employees and their families, which includes family planning and reproductive care, a Disney spokesperson told Axios. …

Reuters reports: U.S. companies Cisco Systems and Nike plan to fully exit Russia, the two firms told Reuters on Thursday, as the pace of Western firms departing accelerated. Telecoms equipment maker Cisco will wind down its business in Russia and Belarus, the company said. Nike is making a full exit from Russia three months after suspending its operations there, the …

The New York Times reports: The Food and Drug Administration on Thursday ordered Juul to stop selling e-cigarettes on the U.S. market, a profoundly damaging blow to a once-popular company whose brand was blamed for the teenage vaping crisis. The order affects all of Juul’s products on the U.S. market, the overwhelming source of the company’s sales. Juul’s sleek vaping …

Bloomberg News reports: Elon Musk said Tesla Inc.’s new plants in Germany and Texas are losing “billions of dollars” as the electric-vehicle maker tries to ramp up production. “Both Berlin and Austin factories are gigantic money furnaces right now,” the chief executive officer said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday. The comments, part …

USA Today reports: Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing with the U.S. Securities and Exchange Commission (SEC) Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though …