TikTok, Facebook and YouTube sued by New York City for alleged harm to kids’ mental health
New York City Mayor Eric Adams said his administration filed a lawsuit against the parent companies of TikTok, Instagram, Facebook, Snapchat and YouTube.
SpaceX files to move incorporation site from Delaware to Texas
After a Delaware court ordered Tesla to rescind CEO Elon Musk’s $56 billion 2018 pay package, the billionaire plans to move SpaceX’s incorporate site to Texas.
After 8 months stuck in orbit, Varda’s drug spacecraft gets FAA approval to return
Space startup Varda received long-awaited approval from the Federal Aviation Administration on Wednesday to return its first spacecraft.
Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company
The symbolic milestone is more confirmation that Nvidia has become a Wall Street darling on the back of elevated AI chips sales
Meta says Broadcom CEO Hock Tan is joining board of directors
Meta said Wednesday that Broadcom CEO president Hock Tan and former Enron executive John Arnold are joining the company’s board of directors.
Gunfire at Chiefs’ Super Bowl celebration kills 1 and wounds nearly two dozen, including children
One person was killed and at least 15 were injured, including some children, in a shooting at the end of the parade to celebrate the Super Bowl win by the Kansas City Chiefs.
Democrats see New York special election win as a blueprint for defeating Trump in November
Joe Biden and Democrats are not only hailing the special election as a validation of his agenda but taking notes on how to defeat Donald Trump in November.
Higher rates raising ‘downside risks’ for regional banks, warns Bank of America
Higher-for-longer interest rates could squeeze margins and pressure capital levels in a sector still reeling from the March regional banking crisis last year.
Biden administration examining role of supply chain middlemen in generic drug shortages
The FTC and HHS are seeking public comment on the contracting practices and market concentration of group purchasing organizations and drug wholesalers.
How Elon Musk’s war on Delaware could change the way corporations make some of their biggest decisions
Delaware is home to over 60% of the Fortune 500, but Elon Musk moved SpaceX and Neuralink out of the state this week, and is aiming to spur a corporate exodus.
