Business

CNBC reports: Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had closed Thursday at $28.63 after surging on reports that a deal was imminent. Kroger is the second-largest grocer by market share in the United …

The Guardian reports: Elon Musk is under a federal investigation related to his $44bn takeover of Twitter, the social media company has said in a court filing made public on Thursday. While the filing said he was under investigation, it did not say what the focus was, or which federal authorities were investigating. Twitter, which sued Musk in July to …

Ars Technica reports: Hackers have stolen around $570 million in tokens from Binance, in a rare blow to the world’s biggest crypto exchange and another dent to the troubled digital assets industry struggling to regain trust after a collapse in prices. It comes at a time when digital assets are trying to recover from a credit crisis that wiped nearly …

The Associated Press reports: Elon Musk’s lawyers said Thursday that Twitter is refusing to accept the Tesla billionaire’s renewed $44 billion bid for the social media company. Musk made a renewed offer to take over to company earlier this week, hoping to end a protracted legal dispute that began when Musk tried to back out of the April deal and …

The Guardian reports: A Delaware judge has said the Twitter v Elon Musk trial is still going ahead later this month because neither side has asked to pause proceedings. Kathaleen McCormick, the judge on Delaware’s Court of Chancery, wrote that no one has applied for a “stay” in the action, despite Musk performing a U-turn on Monday on his decision …

Bloomberg News reports: Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share. Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing confidential information. Shares in Twitter climbed as much as 18% on the news, after trading was briefly …

Ars Technica reports: Pharmacy giants CVS and Walmart will have to face trials over claims that placing ineffective homeopathic products alongside legitimate over-the-counter medicines on store shelves deceives consumers into thinking that the pseudoscientific products are akin to evidence-based, Food and Drug Administration-approved drugs. The claims come from the nonprofit organization Center for Inquiry (CFI), which filed nearly identical lawsuits …

Via press release from the SEC: The Securities and Exchange Commission today announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. Kardashian agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing …

Reuters reports: Tesla CEO Elon Musk showed off on Friday a prototype of its humanoid robot ‘Optimus’, predicting the electric vehicle maker would be able to produce millions and sell them for under $20,000 – less than a third of the price of a Model Y. An experimental test robot that Tesla said was developed in February walked out to …

Bloomberg News reports: Palantir Technologies had a secret plan to deepen its relationship with the UK’s National Health Service without public scrutiny. The US data-analytics company aimed to buy up smaller rivals that already had an existing relationship with the NHS, according to emails and strategy documents seen by Bloomberg. This approach would hopefully allow Palantir to avoid further scrutiny …

Los Angeles’s ABC affiliate reports: American Airlines says a mechanical issue was responsible for strange sounds coming from a plane’s public announcement system during a flight from LAX to Dallas. A viral video posted on social media showed one passenger’s reaction to the strange sounds, describing it as “somewhere between an orgasm and vomiting.” In the video, passenger Emerson Collins …

Reuters reports: Sterling crashed to a record low early on Monday as traders rushed for the exits on mounting concern that the new government’s economic plan will stretch Britain’s finances to the limit. The British pound’s searing drop helped lift the safe-haven U.S. dollar to a new two-decade peak against a basket of major currencies, while the euro hit a …

NPR reports: Carbon dioxide has no taste, no odor, and no color — but it’s a vital ingredient in the beer business, from putting frothy bubbles in brews to blocking oxidization that makes beer taste stale. But brewers are now worried that a carbon dioxide shortage could force production cuts and price hikes. It’s the latest threat to an industry …

NBC New York reports: As of now, Newark, JFK Airport and LaGuardia Airport are all listed under the city code “NYC.” Because of that, many airlines allow travelers to switch flights among the three airports without paying a penalty. However, starting Oct. 3, that changes. Newark Airport will get its own code (EWR), which means that it will operate under …

The Associated Press reports: Tesla is recalling nearly 1.1 million vehicles in the U.S. because the windows can pinch a person’s fingers when being rolled up. Tesla says in documents posted Thursday by U.S. safety regulators that the automatic window reversal system may not react correctly after detecting an obstruction. The National Highway Traffic Safety Administration says that’s a violation …

The Guardian reports: Twitter will question Elon Musk under oath in Delaware next week as part of the litigation in the billionaire’s bid to walk away from his $44bn deal for the social media company. A Tuesday filing in Delaware’s court of chancery said Musk’s deposition is scheduled for 26-27 September and may stretch into 28 September if necessary. Each …

Reuters reports: Tesla Chief Executive Elon Musk blamed overreliance on factory robots for sending the electric carmaker to “production hell” four years ago, saying humans were better at certain jobs. My, how times have changed. Musk’s Texas company now is floating ambitious plans to deploy thousands of humanoid robots, known as Tesla Bot or Optimus, within its factories, expanding eventually …

USA Today reports: Drivers are suing electric car manufacturer Tesla, accusing the company of deceiving consumers about the abilities of its autopilot system, which is sold for thousands of dollars as an add-on to its cars. The class-action lawsuit filed this week in a California court by Tesla customer Briggs Matsko, who said he paid $5,000 for the autopilot upgrade …

ABC News reports: The New York City Parks Department has again rejected calls by members of the city council to terminate the Trump Organization’s license to operate a city-owned golf course in the Bronx. Council members on Thursday called for the “immediate termination” of the Trump Organization’s license to operate the golf course at Ferry Point Park, a month before …

Axios reports: Rail companies and unions struck a tentative agreement on Thursday to avoid a strike that businesses feared would’ve led to severe supply chain disruptions, the White House said. President Biden, in a pre-dawn statement, called the agreement “an important win for our economy.” A strike could have driven up prices at a time when inflation is showing signs …