Business

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 …

The Associated Press reports: Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet-to-be-named cereal and plant-based foods companies should be completed by the end of next year. Kellogg’s …

Bloomberg News reports: Tesla Inc. Chief Executive Officer Elon Musk said he’s undecided about who he’d support in the 2024 presidential election when asked specifically if he’d back former president Donald Trump. “I think I’m undecided at this point about that election,” Musk said in an interview with Bloomberg News. The world’s richest man also said he’s willing to put …

Reuters reports: Elon Musk’s transgender daughter has filed a request to change her name in accordance with her new gender identity and because “I no longer live with or wish to be related to my biological father in any way, shape or form.” The petition for both a name change and a new birth certificate reflecting her new gender identity …

Vice News reports: Supermarket workers at stores in the Czech Republic were shocked to find a record haul of cocaine hidden among crates of bananas from Central America. Police said in total staff found 840kg of cocaine wrapped in green packages stuffed in banana crates sent to supermarkets in the towns of Jicin and Rychnov nad Kneznou in the north …

NBC News reports: Thousands of flights wound up cancelled and delayed during the Juneteenth and Father’s Day holiday weekend, which included the busiest air travel day of the year on Friday, according to the TSA. More than 6,300 flights were delayed within, into or leaving the U.S. on Saturday, and 859 flights were cancelled, according to the flight tracking platform …

The Associated Press reports: The day after Transportation Secretary Pete Buttigieg met with airline leaders to quiz them about widespread flight disruptions, his own flight was canceled and he wound up driving from Washington to New York. “That is happening to a lot of people, and that is exactly why we are paying close attention here to what can be …

The Washington Post reports: Apple workers in the Baltimore area voted to join a union Saturday, becoming the first of the tech giant’s U.S. retail stores to do so. The vote means workers at the Towson, Md., store plan to join the International Association of Machinists and Aerospace Workers (IAM) once a contract is ratified. Saturday evening’s initial tally was …

USA Today reports: For a third day in a row, travelers across the country are facing high numbers of flight delays and cancellations. As of noon ET on Saturday, more than 2,030 U.S. flights were delayed and almost 690 U.S. flights were cancelled, according to FlightAware, which tracks flights in real time. Friday reported a whopping total of over 8,900 …

USA Today reports: More than 1,000 U.S. flights are canceled as of noon on the East Coast Friday with over 2,000 more posting delays. New York area airports account for nearly a third of cancellations so far, according to FlightAware, which tracks flights in real time. The headaches come on the heels of one of the worst days yet for …

The Hill reports: A cryptocurrency investor has sued Elon Musk for $258 billion, saying the Tesla co-founder ran a pyramid scheme via Dogecoin. The lawsuit filed by plaintiff Keith Johnson in New York, has accused Musk and his companies, Tesla and Space X, of running a “pyramid scheme” to inflate the price of the cryptocurrency. The lawsuit added that, “Defendants …

The New York Times reports: SpaceX, the private rocket company, on Thursday fired employees who helped write and distribute an open letter criticizing the behavior of chief executive Elon Musk, said three employees with knowledge of the situation. Some SpaceX employees began circulating the letter, which denounced Mr. Musk’s activity on Twitter, on Wednesday. The letter called the billionaire’s public …

NBC New York reports: The New York City Sheriff’s office seized at least a dozen trucks operating for Weed World Candies, which may or may not be shopping more than CBD products, for outstanding parking tickets totaling a half-million dollars. Twelve trucks were towed from the area of 45th Street and 12th Avenue in Manhattan and officials said more were …

Reuters reports: Revlon Inc has filed for bankruptcy after the U.S cosmetics firm buckled under debts it built up in a bid to compete with online-focused upstarts. Known for its nail polishes and lipsticks, the 90-year-old company listed assets and liabilities of between $1 billion and $10 billion in a court filing on Wednesday. Revlon has in recent years lost …