Category: Law and Legislation

Clean Energy Quest Pits Google Against Utilities

The New York Times – Business:
Google says it can’t meet its goals for renewable power unless state-regulated utilities, particularly in the Southeast, give way to market competition.
Restaurateur, Political Donor, Tipster: The Many Roles of FTX’s Ryan Salame

The New York Times – Business:
The co-chief executive of an FTX unit who told regulators about wrongdoing at the exchange was a big Republican donor. He also bought restaurants.
Hardship 401(k) Withdrawals, Explained

The New York Times – Business:
Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options.
Can a Federally Funded ‘Netflix Model’ Fix the Broken Market for Antibiotics?

The New York Times – Business:
Shortages and drug-resistant germs have renewed attention on a $6 billion proposal in Congress that would reconfigure the way antimicrobial drugs are developed and sold.
Sam Bankman-Fried’s Parents Under Scrutiny in FTX Collapse

The New York Times – Business:
The FTX founder Sam Bankman-Fried’s mother and father, who teach at Stanford Law School, are under scrutiny for their connections to their son’s crypto business.
Supreme Court Refuses to Block California’s Ban on Flavored Tobacco

The New York Times – Business:
The state’s voters had overwhelmingly supported letting a two-year-old law take effect, and lower courts had refused to put it on hold.
State Officials Seek to Revisit Sports-Betting Arrangements

The New York Times – Business:
Officials in New York, Kansas and elsewhere are voicing new concerns about the rise of online sports betting after a series of articles in The Times examined it.
Why Losing to Meta in Court Could Still Be a Win for Antitrust Regulators

The New York Times – Business:
As the Federal Trade Commission prepares to face off in court against Meta over a V.R. start-up deal, the agency is testing a novel argument as part of a strategy to push antitrust law.
With Senate Vote, Congress Moves to Avert Rail Strike

The New York Times – Business:
Bipartisan coalitions in the House and Senate pushed through a bill that would impose an agreement between rail companies and their workers.
State Tax Cut Policies Prop Up Income, Fanning Inflation Worries

The New York Times – Business:
Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
Two Fintech Companies Fueled Extensive PPP Loan Fraud, House Report Finds

The New York Times – Business:
Executives at Womply and Blueacorn, which facilitated millions of Paycheck Protection Program loans, flouted rules and themselves collected improper loans, investigators said.
What to Know About Biden’s and Congress’s Involvement in the Rail Strike

The New York Times – Business:
President Biden called on Congress to pass legislation to head off a holiday-season rail strike, warning that a disruption to service could cause dire economic damage.