Category: Business

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Lawmakers Dismiss McKinsey’s Apology on Opioid Crisis as ‘Empty’

The consulting firm’s top executive was apologetic before Congress but denied that advising both opioid manufacturers and their federal regulator posed a conflict of interest.  » mehr lesen

Ford Lost $3.1 Billion in the First Quarter

The automaker was hurt by a sharp drop in the value of its holding in Rivian and by a global chip shortage that has limited production.  » mehr lesen

Elon Musk Loses His Bid to End SEC Twitter Settlement

Mr. Musk had challenged an agreement he reached with securities regulators after he claimed that he had the funding to take Tesla private.  » mehr lesen

After Amazon Takeover of MGM Michael De Luca and Pamela Abdy Depart

Michael De Luca and Pamela Abdy, brought on to ready MGM for a sale, announced their departures one month after its acquisition by Amazon.  » mehr lesen

The Museum of Contemporary Art San Diego Opens After Renovations

The Museum of Contemporary Art San Diego has undergone multiple renovations in its 80-plus years. This spring it has opened after yet another.  » mehr lesen

Can Japan Keep the Lights On? The Ukraine War Upends a Big Energy Bet.

The world’s third-largest economy has counted on imported liquefied natural gas as it shuts coal-fired plants and keeps nuclear sites closed. But Russia’s invasion has pushed prices sharply higher.  » mehr lesen

Zelle Is Being Questioned by Senators Over Reports of Rising Fraud

Two Democrats called the reports “disturbing” and blasted Zelle’s operator, Early Warning, and its owners for creating a “confusing and unfair” situation for consumers.  » mehr lesen

Robinhood Says It Will Lay Off 9% of Its Employees

The company’s co-founder Vlad Tenev said it had overhired during the height of the pandemic, and now needed to “increase our velocity.”  » mehr lesen

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