More from Simone Del Rosario
-
Ramaswamy says DOGE will scrutinize Rivian loan and CHIPS Act awards
Department of Government Efficiency co-chair Vivek Ramaswamy is going to put President Joe Biden’s “last-minute spending spree” under a microscope. He claims the funding awarded months before a power transition is inappropriate and will receive special scrutiny. High on his list of spending to claw back is a $6.6 billion loan to EV maker Rivian… -
Anthem cancels controversial anesthesia policy after widespread outrage
Anthem Blue Cross Blue Shield is canceling a proposed policy change on anesthesia coverage after extensive backlash. On Nov. 1, Anthem announced they would soon cap anesthesia coverage to a certain time limit and would deny anesthesia claims that exceeded the allotted minutes. While the American Society of Anesthesiologists promptly reacted to the proposal, the… -
Biden looks to stop paying workers with disabilities less than minimum wage
The Biden administration wants to end a Depression-era policy that allows qualified employers to hire workers with disabilities at less than the federal minimum wage of $7.25. The Labor Department proposed a new rule this week to phase out the practice. These 14(c) certificates are given to employers to prevent limiting job opportunities for workers… -
Trump announces crypto-friendly Paul Atkins to head the SEC
President-elect Donald Trump picked a cryptocurrency-friendly face to chair the Securities and Exchange Commission. The move to nominate former SEC commissioner Paul Atkins would fulfill a campaign promise made to the crypto community. Atkins served as SEC commissioner under President George W. Bush. In the early 1990s, he was on the staff of two former… -
DC accuses Amazon of ‘secretly’ excluding zip codes from 2-day delivery
Amazon is accused of “secretly” excluding “historically underserved” areas of Washington, D.C., from high-speed delivery with Prime. The lawsuit brought by Attorney General Brian Schwalb alleges the e-commerce giant kept two zip codes from getting the fastest delivery service promoted with Amazon Prime while still charging those residents the full-price fee. This lawsuit claimed the… -
Delaware judge rejects Elon Musk’s Tesla pay package for second time
Elon Musk lost in court for the second time over his pay compensation. The Tesla CEO failed to convince a Delaware judge to reverse her earlier ruling, which nullified his $56 billion pay package. “A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth.… -
Trump vows to tank $15B buyout of US Steel by Japan’s Nippon
President-elect Donald Trump doubled down on a campaign promise Monday, Dec. 2. Trump said he would block a $15 billion deal between Japan’s Nippon Steel and U.S. Steel, but its fate could be sealed before he ascends to the Oval Office. “I am totally against the once great and powerful U.S. Steel being bought by… -
What do you mean Enron is ‘back’? Parody post confuses the internet
Twenty-three years to the day after filing for bankruptcy, energy company Enron claimed to be “back” in a cryptic X post on Monday, Dec. 2. Enron became infamous for an accounting fraud scandal that cost shareholders tens of billions of dollars and lost thousands of employees their hard-earned pensions. “In the modern world you must… -
Intel CEO Pat Gelsinger abruptly retires amid chipmaker’s bad year
Intel Chief Executive Officer Pat Gelsinger retired effective Dec. 1, the chipmaker announced the morning of Monday, Dec. 2. The hole filled by Gelsinger’s abrupt exit will be filled by internal interim co-CEOs, current Chief Financial Officer David Zinsner and Intel products CEO MJ Holthaus. Gelsinger started with Intel in 1979. He was the tech… -
Hasbro stock jumps as Elon Musk toys with idea of buying company
A simple question Elon Musk posted on X led to Hasbro’s stock receiving a boost on Friday, Nov. 29. In the post, Musk asked, “How much is Hasbro?” toying with the idea of buying the company. The share price jumped 2% with speculation Musk may be interested in buying the legendary toy maker and owner… -
FTC probe targets Microsoft’s business model in Lina Khan’s last stand
It might be FTC Chair Lina Khan’s last stand. The Federal Trade Commission (FTC) launched a sweeping investigation into Microsoft, according to multiple reports. A demand for information that’s “hundreds of pages long” drills “into everything from the company’s cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products,” according to Bloomberg. The… -
Uniqlo risks boycott in China after CEO’s controversial Xinjiang comment
A Japanese retailer is facing a boycott in China after comments about where it sources its cotton. The global fashion chain Uniqlo is owned by Fast Retailing. The chief executive, Tadashi Yanai, told the BBC they don’t get cotton from China’s Xinjiang region. “We’re not using cotton from Xinjiang,” Yanai said. “By mentioning which cotton… -
Why Elon Musk and conservatives want to ‘delete’ CFPB
The forthcoming Department of Government Efficiency (DOGE) has a new target. Elon Musk is calling to “delete CFPB,” the Consumer Financial Protection Bureau. The agency has long been in conservatives’ crosshairs. Musk’s X post came after tech billionaire Marc Andreessen blasted the agency on Joe Rogan’s podcast. “It’s sort of Elizabeth Warren’s personal agency that she…