Business

CNBC reports: Elon Musk will join Twitter’s board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC. “Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet. Musk’s purchase comes after …

CNBC reports: Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for failing to uphold the tenets of free speech. Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to the Securities and …

The New York Times reports: A brief but intense push to abolish a law that bars drivers in New Jersey from pumping their own fuel at gas stations has hit a speed bump, if not a complete dead-end. Nicholas Scutari, the Democratic president of the State Senate whose backing would be crucial to any law change, put an end to …

Bloomberg News reports: The “pizza principle,” a mainstay of New York economics for more than four decades, states that a slice of cheese pizza will always be the same price as a subway ride. The rule has largely held true since first conjectured in the New York Times in 1980, with any increase in pizza prices tending to predict a …

The New York Times reports: Workers at Amazon’s massive warehouse on Staten Island voted by a wide margin to form a union, according to results released on Friday, in a landmark win for a campaign targeting the country’s second-largest employer and one of the biggest victories for organized labor in a generation. Employees cast 2,654 votes to be represented by …

Mediaite reports: Florida Gov. Ron DeSantis accused Disney of imposing a “woke ideology” and warned that it’ll “destroy” the United States if left “unabated” in an appearance on Fox & Friends on Friday. DeSantis went on to say there’s a difference between “policy disputes” and imposing “a woke ideology.” “There’s policy disputes and that’s fine, but when you’re trying to …

CNN Business reports: Bob Chapek, Bob Iger’s successor, initially opted not to speak out against the controversial law. But corporate executives should voice their opinions about ethical dilemmas, Iger recently told CNN+ host Chris Wallace. “A lot of these issues are not necessarily political,” Iger told CNN+ host Chris Wallace. “It’s about right and wrong. So, I happen to feel …

CNN Business reports: Florida Gov. Ron DeSantis on Thursday signaled support for stripping Disney of its 55-year-old special status that allows the entertainment company to operate as an independent government around its Orlando-area theme parks. “Disney has alienated a lot of people now,” DeSantis said at a West Palm Beach press conference. “And so the political influence they’re used to …

The Verge reports: The latest court filing in Elon Musk’s battle to wrest back control of his Twitter account from the SEC includes a citation of the 2002 song Without Me by rapper Eminem. Yes, really. In the song, the rapper complains that “The FCC won’t let me be or let me be me so let me see/ They tried …

Politico reports: A new $1.4 billion stadium for the Buffalo Bills will receive a record public subsidy of $850 million between state and county funding, Gov. Kathy Hochul announced Monday. The combined $850 million would set a record for the most public money ever spent on an NFL stadium, topping the $750 million recently spent in Las Vegas. Hochul said …

Via press release from the Walt Disney Company: Florida’s HB 1557, also known as the ‘Don’t Say Gay’ bill, should never have passed and should never have been signed into law. Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national …

The Wall Street Journal reports: Walmart Inc. is ending cigarette sales in some U.S. stores after years of debate within the retail company’s leadership ranks about the sale of tobacco products, according to people familiar with the matter. Cigarettes are being removed in various markets, including some stores in California, Florida, Arkansas and New Mexico. Walmart, which has more than …

The New York Times reports: New Yorkers ordering a ride on the Uber app could choose a yellow taxi under a new partnership between the ride-hail company and two taxi technology companies. The taxi option will begin later this spring and will be available to all Uber riders in New York City, Uber said. Uber riders will pay roughly the …

Reuters reports: Billionaire philanthropist MacKenzie Scott donated $275 million to women’s healthcare provider Planned Parenthood, the largest gift from a single donor in the organization’s more than 100-year history, Planned Parenthood said on Wednesday. The donation, which is part of Scott’s pledge to give away the majority of her wealth, was made to Planned Parenthood’s national office and 21 regional …

The Guardian reports: The French carmaker Renault has resumed manufacturing in its plants in Moscow, bucking the trend of many other large global companies that have cut ties with Russia over its war on Ukraine. Renault had suspended production at the plant last month, citing logistical problems after the invasion of Ukraine on Vladimir Putin’s orders. However, Renault’s decision to …

The Associated Press reports: With some workers across the U.S. threatening a walkout Tuesday, The Walt Disney Co. finds itself in a balancing act between the expectations of a diverse workforce and demands from an increasingly polarized, politicized marketplace. One of the organizers of the walkout, a New York-based employee, said they were expecting participation by workers with the “privilege” …

The Verge reports: Early in March, Facebook users got a mysterious, spam-like email titled “Your account requires advanced security from Facebook Protect” and telling them that they were required to turn on the Facebook Protect feature by a certain date, or they would be locked out of their account. It actually wasn’t spam. In fact, it was real. The first …

The BBC reports: The Moscow stock exchange has partially reopened after a nearly month-long suspension over the war in Ukraine. Only bonds issued by the Russian government can be traded as part of a phased re-opening of the market. The exchange closed hours after Russian President Vladimir Putin sent thousands of troops into Ukraine on 24 February. Andrei Braginsky, a …

CNBC reports: More than two dozen U.S. lawmakers received roughly $110,000 in campaign contributions from Koch Industries in the weeks leading up to Vladimir Putin’s attack on Ukraine — money some ethics lawyers say should be returned given the company’s decision to maintain operations in Russia. U.S. lawmakers are being scrutinized for accepting campaigns contributions from the conglomerate, which is …

The Verge reports: PayPal is expanding the services available to its Ukrainian users and waiving fees to help with humanitarian efforts in the country during Russia’s ongoing invasion. According to a news release, Ukrainians will be able to send and receive peer-to-peer PayPal or Xoom payments, and the company won’t apply its normal fees to either side of the transaction. …