business-and-politics5.375 min read
"DOJ Sues Apple Over iPhone, Crypto Mogul Sentenced to 25 Years"
1 year ago•Source: NPR
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"Disney and Ron DeSantis Settle Lawsuit Over Florida Tourism Oversight District"
Disney and Ron DeSantis have reached a settlement in the lawsuit over the Central Florida Tourism Oversight District, ending almost two years of litigation. The settlement agreement involves dropping covenants and a development agreement made with Disney supporters and operating under an earlier plan. This comes after DeSantis took over the district following Disney's opposition to Florida's "Don’t Say Gay" law. The agreement also includes the appointment of new board members and signals a new chapter of constructive engagement between Disney and the district's new leadership.
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"Navigating SEC's Weakened Climate Rule: CFOs Face Cost Challenges"
Greater Baton Rouge Business Report•1 year ago
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"Biden vs. Trump: Impact on Global Business and Politics"
Wall Street appears to favor a Donald Trump victory in the upcoming presidential election, as stock returns have shown a clear pattern of performing better when Trump leads in the polls. Billionaire hedge fund manager Scott Bessent noted that stock returns have been significantly higher when Trump is ahead, attributing this to the stark policy differences between Trump and Biden, particularly in areas such as tax cuts, regulation, and international relations. The collective wisdom of Wall Street seems to be aligning with Main Street, as both are showing preference for the candidate whose policies are perceived to be more favorable for American business and economic growth.
"US Prison Labor's Impact on Popular Food Brands Revealed"
The Associated Press investigation reveals that U.S. prison labor supports a wide range of popular food brands, with goods produced by incarcerated individuals ending up in the supply chains of products from major companies like Coca-Cola, McDonald's, and Walmart. The investigation highlights the disproportionate impact on people of color, the legal and historical context of prison labor, and the involvement of large corporations and commodity traders. While some companies have acknowledged and are addressing their connections to prison labor, critics emphasize the need for fair compensation, humane treatment, and voluntary work for incarcerated individuals.
"Link Between US Prison Labor and Major Food Brands Revealed"
An investigation by The Associated Press has revealed that goods produced by U.S. prisoners are making their way into the supply chains of popular food brands, with people of color disproportionately affected. The use of prison labor, which is legal under the 13th Amendment, extends to a wide range of businesses, including giants like McDonald’s, Walmart, and Costco. While some companies have acknowledged connections to prison labor and are taking steps to address the issue, others have not responded to inquiries. Corrections officials argue that prison jobs provide valuable skills and a sense of purpose, but critics emphasize the need for fair compensation, humane treatment, and voluntary work.
"Pro-Life Diaper Company Features Elon Musk Quote in Times Square Ad: 'Having Children Saves the World'"
Pro-life diaper company EveryLife has launched its "Make More Babies" campaign with a Times Square billboard featuring a quote from Elon Musk stating, "Having children is saving the world." The campaign aims to combat "population control ideologies" and will coincide with the upcoming March for Life rally. EveryLife, a financial partner of the pro-life group Live Action, emphasizes its support for parenthood and offers discounts to pro-life organizations and nonprofits.
"PM Modi's Diplomatic Triumph: Business Leaders Praise Leadership, Investment Pledges Made"
Business leaders at the Vibrant Gujarat Global Summit praised Prime Minister Narendra Modi's leadership and vision, with Mukesh Ambani calling him the "greatest global leader" of the current generation. They credited Modi for the success of the summit and highlighted his impact on India's economic growth, belief in global unity, and support for manufacturing industries. The leaders expressed confidence in India's future as a major economic player under Modi's leadership.
"Powerhouse Lineup: Kamala Harris, Elon Musk, and More at DealBook Summit Live"
The 2023 DealBook Summit is currently taking place in New York, featuring speakers such as Vice President Kamala Harris, Israeli President Isaac Herzog, and Elon Musk. Topics discussed include artificial intelligence, the China-U.S. trade war, and the recent attacks on Israel by Hamas. President Herzog mentioned ongoing talks for a possible extension of the cease-fire with Hamas, while Vice President Harris addressed issues of political polarization and the regulation of social media platforms. Other speakers at the summit include Jensen Huang of Nvidia, Lina Khan of the F.T.C., and Shonda Rhimes.
Macron strengthens business and military ties with China while urging help to end Ukraine war.
French President Emmanuel Macron ended his China trip with a pact to strengthen business and military ties between the two countries. The joint statement with Chinese leader Xi Jinping did not include a commitment from Beijing to end Russia's war on Ukraine, which was a key request from Macron. The move reflects Macron's desire to increase French firms' presence in the Chinese market, while others in the West are looking to reduce their dependence on China.