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Twitter has filed a lawsuit against Elon Musk in an effort to force the world’s richest man to honor his agreement to purchase the social media site. Musk is attempting to terminate the $44 billion deal last week amid concerns about bots and spam accounts on the site. If Twitter doesn’t win its argument, there…
Caterpillar, one of the nation’s largest construction equipment manufacturers, is relocating its headquarters from Deerfield, Illinois, to Irving, Texas. The announcement came after the state received recognition for being home to 54 Fortune 500 companies, the most in the country. Within the last several years, Tesla, Oracle, and Hewlett Packard Enterprise have made similar moves. …
Twitter shares sank 6% at Monday’s market open as investors reacted to Elon Musk backing out of his deal to buy the company. Twitter’s board plans to sue the eccentric billionaire to hold him to his $44 billion takeover deal he made three months ago. On April 25, when Twitter accepted the deal, shares closed…
Headlines for Monday July 11, 2022 include: Over-the-counter birth control: For the first time, a pharmaceutical company is seeking FDA approval for over-the-counter birth control. HRA Pharma is asking for permission to sell birth control without the need for a prescription. HRA Pharma’s application on Monday sets up a high-stakes decision for health regulators amid legal…
Headlines for Friday morning, July 8, 2022, include: Former Japanese Prime Minister Shinzo Abe was shot and killed during a campaign speech Friday morning. Abe was Japan’s longest serving leader before stepping down in 2020 over health concerns. He was shot twice from behind reportedly with a makeshift gun. The alleged gunman was arrested. Leaders…
Elon Musk’s SpaceX has been pushing for more than a year to get the OK from the Federal Communications Commission to provide mobile Starlink internet service to boats, planes and automobiles. The company got its wish this week when the FCC authorized the use of the technology on moving vehicles. SpaceX first asked the FCC…
More than 1 million voters in 43 states became Republicans in the last year. That’s according to data from the political firm L2 that was analyzed by the Associated Press. The biggest switches are happening in big suburban areas around Denver, Atlanta, Pittsburgh and Cleveland. There are also voters flipping in the suburbs around smaller…
Tesla CEO Elon Musk made his first in-person appearance since Reuters reported earlier this month the company was planning issue job cuts affecting 10% of salaried staff. Speaking virtually at an economic forum in Qatar, Musk described the cuts as “not super material.” According to Musk, the cuts will happen over the next three months. Since…
The Journal of the American Medical Association released a study last month with data showing the apparent rapid waning of COVID-19 vaccines in children. Twitter, which has invested considerable time and energy in policing tweets related to the COVID-19 pandemic, slapped a warning label on links to the JAMA report, telling readers the information could…
A movement to shrink the average work week from five days to four has been growing in popularity across the Western world. The U.K. just launched the world’s biggest test yet of the four-day work week to evaluate whether such a move is viable. The six-month pilot program, which started Monday, spans 70 companies — from…
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