Business

New York May Create Hotline For Threatened CEOs

CNN reports: The office of New York Gov. Kathy Hochul is convening business leaders and law enforcement to discuss safety this week. Kathryn Garcia, Hochul’s director of operations and infrastructure, will hold a call with several business leaders and law enforcement on Tuesday, a spokesperson for the governor’s office told CNN. Kathryn Wylde, president and CEO of the Partnership for …

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SpaceX Seeks To Incorporate As Official Texas City

The Texas Tribune reports: SpaceX’s goal is to colonize Mars. But first, it wants to create an official city in Texas. Employees living on the site of SpaceX’s operations in South Texas are requesting a special election to determine whether the site can be incorporated into a city. Current residents of Starbase, the company’s South Texas headquarters and launch site, …

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Apple CEO Tim Cook Dines With Trump At Mar-A-Lago

The Associated Press reports: Donald Trump hosted Apple CEO Tim Cook for a Friday evening dinner at the president-elect’s Mar-a-Lago resort, according to a person familiar with the matter who was not authorized to comment publicly. Cook is the latest in a string of big tech leaders — including OpenAI’s Sam Altman, Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos — …

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Granola Bars Recalled Over “Potential Metal Pieces”

Via press release from the FDA: Riverside Natural Foods Inc. is voluntarily recalling certain batches of MadeGood granola bars due to the potential presence of a piece of metal in the product, which, if consumed, may result in a safety hazard. The health and safety of our consumers is our highest priority. This recall is being initiated as a precautionary …

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UnitedHealth Chief: We Know The System Is Flawed

UnitedHealth Group’s CEO writes for the New York Times: We greatly appreciate the enormous outpouring of support for Brian Thompson, who ran our health insurance business, UnitedHealthcare, as well as for our wider company, which I lead. Yet we also are struggling to make sense of this unconscionable act and the vitriol that has been directed at our colleagues who …

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Amazon To Donate $1M To Trump’s Inauguration Fund

CNN reports: Amazon is planning to donate $1 million to President-elect Donald Trump’s inauguration. Amazon founder Jeff Bezos is expected to visit with Trump in person in the coming days, as he and other tech founders seek closer relationships with the incoming president. Bezos and Trump spoke over the summer after the first assassination attempt. Bezos publicly praised Trump at …

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Amazon Launches Hyundai Sales, Including Financing

Via press release from Amazon: Starting today, vehicle shoppers in 48 U.S. cities can browse, order, finance, and schedule pickup of a new Hyundai vehicle from their local participating dealer directly on Amazon. Amazon Autos offers online automotive shopping from Hyundai dealers across major metropolitan areas nationwide. We continue to add more Hyundai dealerships, and next year, we will roll …

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Meta Donates $1 Million To Trump’s Inauguration Fund

Axios reports: Meta donated $1 million to President-elect Trump’s inaugural fund, the social media giant confirmed to Axios late Wednesday. Big Tech CEOs have been working to gain access and influence with Trump since he won the election last month, “Neither Zuckerberg nor Meta donated to Trump’s inaugural fund in 2017 or to President Biden’s fund in 2021,” per the …

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Albertsons Sues Kroger Over Failed $25 Billion Merger

The New York Times reports: The grocery chain Albertsons said on Wednesday that it had backed out of its $25 billion merger with Kroger and sued its rival for failing to adequately push for regulatory approval, after both a federal and state judge blocked the deal on Tuesday. The deal, which would have been the biggest grocery store merger in …

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Dollar Tree: We’ll Drop Products Due To Trump’s Tariffs

Fox Business reports: Dollar Tree said Wednesday it may adjust or even eliminate certain products if President-elect Trump’s proposed tariffs take effect. The discount retailer, which has high exposure to China, told analysts it has a “wide range of potential actions” it can take to mitigate additional tariffs if they materialize, including changing product details or sizes and even getting …

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Dairy Org Pleads For “Workable Guestworker Program”

Stateline reports: The National Milk Producers Federation says it’s too early to say how it would cope with mass deportations under the Trump administration. But the group states it “strongly supports efforts to pass agriculture labor reform that provides permanent legal status to current workers and their families and gives dairy farmers access to a workable guestworker program.” Immigrants make …

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Texas Judge Blocks Federal Anti-Money Laundering Law

The Dallas Express reports: A judge in Texas has issued a nationwide injunction blocking the Corporate Transparency Act. The law pushed by the Biden Administration allegedly aimed at increasing corporate transparency and cracking down on financial crimes like money laundering. The injunction, issued by Judge Amos L. Mazzant III of the U.S. District Court for the Eastern District of Texas, …

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Woman Sues Mattel For “Emotional Distress,” Claims Daughter Visited Porn Site Listed On “Wicked” Boxes

Variety reports: Mattel is being sued for mistakenly printing the URL for a pornographic site on the packaging for special-edition “Wicked” dolls. According to court documents, a South Carolina resident is launching a class action lawsuit after purchasing the toy for her young daughter, who visited the X-rated website that had “nothing to do with the ‘Wicked’ doll.” “These scenes …

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The Container Store Expected To File For Bankruptcy

CNN Business reports: The Container Store’s future is in jeopardy. A weak housing market and steep competition have squeezed the chain. The Container Store, which first began in 1978 and has grown to around 100 US locations, now faces a critical holiday shopping season to save it from bankruptcy. Credit rating agencies rank the Container Store as one of the …

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Cucumbers Recalled In 26 States Over Salmonella Risk

CBS News reports: An Arizona produce company is recalling whole cucumbers distributed in 26 states and Canada because they could contain salmonella. In a filing posted by the Food and Drug Administration on Thursday, SunFed said the recalled cucumbers were sold between Oct. 12 and Nov. 26 and are being pulled from store shelves over possible contamination by the bacteria. …

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FDA: Costco Recalls Organic Eggs Over Salmonella Risk

Via press release from the FDA: Handsome Brook Farms is voluntarily recalling retail units of the Organic Pasture Raised 24-Count Eggs sold under the Kirkland Signature brand name because these eggs have the potential to be contaminated with Salmonella, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened …

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Axios: Trump Likely To Rescind Airline Refund Rules

Axios reports: As a record number of travelers fly this Thanksgiving, some may wind up enjoying new Biden-era refund rules that could be on the chopping block after President-elect Donald Trump takes office in January. Trump and his appointees will likely try to defang consumer protection efforts at the Transportation Department (DOT) and across the federal government, as they did …

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REPORT: Exxon Lobbyist Hacked Emails Of Activists

Reuters reports: The FBI has been investigating a longtime Exxon Mobil consultant over the contractor’s alleged role in a hack-and-leak operation that targeted hundreds of the oil company’s biggest critics, according to three people familiar with the matter. The operation involved mercenary hackers who successfully breached the email accounts of environmental activists and others, the sources told Reuters. Some environmental …

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Warren Buffett, 94, Pledges $150B Fortune To Charity

USA Today reports: Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death. Buffett, 94, plans to donate 99.5% of his remaining wealth, valued on Friday at $149.7 billion according to Forbes magazine, to a charitable trust overseen by his daughter and two sons when he dies. In …

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Mexico Warns Tariffs Would Cost 400,000 US Jobs

Reuters reports: Mexican Economy Minister Marcelo Ebrard [photo] said on Wednesday that a 25% across-the-board tariff proposed by U.S. President-elect Donald Trump would cause the loss of 400,000 jobs and slow growth in the United States, while also hitting Mexican exports. “It’s a shot in the foot,” he said in a morning press conference, adding that Mexico wanted more regional …

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