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Monthly Archives: April 2023

Elon Musk met with Schumer to discuss A.I. regulation

Twitter CEO Elon Musk speaks at the “Twitter 2.0: From Conversations to Partnerships,” marketing conference in Miami, Florida, on April 18, 2023. Chandan Khanna | AFP | Getty Images After being spotted on Capitol Hill on Wednesday, Elon Musk tweeted that he’d met with Senate Majority Leader Chuck Schumer, D-N.Y., …

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Mobileye cuts guidance amid Tesla’s EV price war

Mobileye signage during the company’s IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. …

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Amazon (AMZN) Q1 earnings report 2023

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sport | Getty Images Amazon is scheduled to report …

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Why Wall Street isn’t buying into GM’s guidance raise

Mary Barra, chief executive officer of General Motors Co., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023.   Jordan Vonderhaar | Bloomberg | Getty Images DETROIT – When a company beats Wall Street’s earnings expectations and raises guidance amid recessionary fears and other …

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What it means for FTC

People try Activision Blizzard Inc.’s ‘Call of Duty: Modern Warfare 3’ on Microsoft Corp. XBox 360 video game consoles. Stephen Yang | Bloomberg | Getty Images The U.K. Competition and Markets Authority’s decision to block Microsoft’s proposed acquisition of “Call of Duty” maker Activision means the U.S. does not need …

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OPEC says IEA should be careful with calls to stop investing in oil

OPEC Secretary General Haitham Al Ghais said finger-pointing and misrepresenting the actions of OPEC and OPEC+ was “counterproductive.” Anton Petrus | Moment | Getty Images Oil producer group OPEC on Thursday lashed out at the International Energy Agency, saying the world’s leading energy authority should be “very careful” about undermining …

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Comcast (CMCSA) Q1 2023 earnings

Comcast topped analyst expectations with its first quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock losses. Shares of the company rose more than 3% in premarket trading. The stock is up more than 4% so far this year through Wednesday’s …

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Recession and inflation fears stoking investor confusion: strategist

Market participants are contending with the risk of persistently higher inflation and a bleak economic outlook, which strategists say is stoking a heady mix of confusion and pessimism. It comes as investors monitor a fresh batch of U.S. economic data that will provide further clues as to whether inflation is …

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Stolen or Original? Hear Songs From 7 Landmark Copyright Cases.

April 27, 2023 There’s an adage, of murky provenance, that music executives like to cite whenever another copyright infringement lawsuit lands: “Where there’s a hit, there’s a writ.” The trial over Ed Sheeran’s Grammy-winning song “Thinking Out Loud” (2014), which began on Monday in Federal District Court in Manhattan, is …

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EU outlines its plan to equalize drug access and lower prices

A molecular biologist examines wastewater samples for pathogens in the safety laboratory at the Max Delbrück Center for Molecular Medicine in Mitte. Picture Alliance | Picture Alliance | Getty Images The European Union on Wednesday launched its long-awaited overhaul of existing pharmaceutical legislation, reflecting the bloc’s biggest shake-up of laws …

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