Author: franperez66q@protonmail.com

Amazon may face penalties from potential FTC ad suit, Bloomberg News reports Source link

Slater’s replacement, Acting Assistant Attorney General Omeed Assefi, insisted in an interview with Reuters in March that the Paramount/Warner deal will not be fast-tracked for approval because of political factors. “The idea that somehow enforcement has been politicized is ludicrous,” he said. DOJ says merger will boost competition The DOJ announcement of its approval said the deal is likely to increase competition in the streaming video market “by offering consumers a more robust competitive alternative” to the larger offerings. The deal would combine Paramount+ with HBO Max. The DOJ also said the merger is unlikely to harm competition in the…

In an aerial view, family homes line the streets of a neighborhood on May 23, 2026 in Thousand Oaks, California. Kevin Carter | Getty ImagesAn affordable housing bill limiting how many single-family homes major investors can buy is poised to be signed into law before the end of the month after key lawmakers in the House and Senate reached an agreement Tuesday. The bill, which is focused on increasing the supply of homes, would not include a controversial provision requiring major investors to sell any housing units they build within seven years, but would cap the number of single-family homes…

The SpaceX initial public offering was, by all accounts, a major success , and it has stayed red hot out of the gate. On Tuesday, its third day of trading, the stock peaked over $225 a share, before closing well off the highs at $201.68. For much of the day, Elon Musk’s rocket-and-AI company had a market capitalization larger than Amazon , which is worth $2.65 trillion. They finished the day roughly even. The question to ask now: Has the IPO and early trading revealed the true demand for SpaceX stock, or are we still in the honeymoon period, when…

Potential Tropical Cyclone One forms off Texas coast, threatening dangerous flash flooding Source link

Nikolas Kokovlis | Nurphoto | Getty ImagesWith SpaceX’s stock rocketing during its first three days of trading, Elon Musk’s company is getting an assist from the Department of Justice, which asked a federal court in Mississippi to toss a case against the company brought by the NAACP. The suit was filed in April by the NAACP, which claimed that xAI, Musk’s artificial intelligence lab now owned by SpaceX, violated the federal Clean Air Act by using dozens of methane gas-burning turbines to power its AI data centers without proper permits or pollution controls. The turbines emit smog-forming pollutants and particulate…

Campaigners say requirements to cut livestock grazing could lead to a 90% cull of its hill ponies. Source link

Oil prices fell to their lowest level in three months Tuesday, as the U.S. will reportedly allow Iran to immediately begin selling crude under the terms of the deal to end the conflict. Brent crude futures fell 5% to close at $78.96 per barrel, the first time the international benchmark has fallen below $80 since March. U.S. West Texas Intermediate futures lost 5.8% to settle at $76.05.People familiar with the matter told The Wall Street Journal that oil sanctions relief for Iran will take effect immediately after the agreement is signed. A senior U.S. official told CNBC that Iran can…

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK, June 16 (Reuters) – Trading in options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company. Some 1.3 million SpaceX contracts traded by 2 p.m. ET (1800 GMT), handily surpassing Meta Platforms’ — then known as Facebook — options debut in 2012, which held the previous first-day volume record of about 365,000 contracts, according to Trade Alert data.  “We’ve never seen anything like it,” said Henry Schwartz, global head of client…

It’s unclear what processes the Pentagon has in place to review the accuracy of its AI-generated reports to Congress. But such reports are a crucial element of congressional oversight intended to hold the US military accountable for how it uses taxpayer dollars—and so any AI-induced errors or mischaracterizations could undermine the accountability mechanism of such reports. This also comes at a time when the Pentagon has requested an unprecedented $1.5 trillion budget for the 2027 fiscal year. Members of the US military have also been using generative AI tools to write personnel evaluation reports for non-commissioned officers and commissioned officers,…