Trump seeks UAW endorsement while criticizing EVs, Biden in Michigan
Trump, several times, asked United Auto Workers members to encourage union leaders to endorse him during his roughly hourlong speech.
Merck, AstraZeneca, Bristol Myers Squibb to participate in Medicare drug price negotiations
Merck, AstraZeneca, Bristol Myers Squibb and other drugmakers have filed at least eight lawsuits seeking to declare the Medicare price talks unconstitutional.
Microsoft technology chief says supply of Nvidia’s AI chips is improving
Kevin Scott, Microsoft’s chief technology officer, said supply of Nvidia’s graphics processing units is improving now that generative AI hype has cooled a bit.
UAW leader condemns Trump ahead of Michigan visit during union strike
UAW President Shawn Fain criticized Trump’s track record with unions as well as his Wednesday visit being at a nonunion company called Drake Enterprises.
Meta announces new Quest 3 VR headset as Apple competition looms
Preorders open on Wednesday and it ships on Oct. 10.
Amazon lawsuit protects ‘free and fair competition,’ says FTC Chair Lina Khan
FTC Chair Lina Khan defended the agency’s decision to pursue the company in an interview on CNBC’s “Squawk Box.”
Amazon hires former Microsoft product chief to oversee devices unit
Panay is joining Amazon at a precarious moment for its devices and services unit, which was hit with layoffs as part of the largest job cuts in company history.
Fed’s Neel Kashkari isn’t sure if interest rates are high enough to stop inflation
Kashkari told CNBC that the neutral rate of interest, or one that is neither holding back the economy nor stimulating it, may have gone higher.
Flexport fires CFO, HR chief departs weeks after sudden ouster of Dave Clark as CEO
After firing CEO Dave Clark earlier this month, Flexport has removed its finance chief, and its head of human resources has resigned
60% of Americans are still living paycheck to paycheck as inflation hits workers’ wages
The number of Americans who say they are stretched thin has remained stubbornly high as inflation weighs on worker paychecks.
