Category: Regulation and Deregulation of Industry

Regulators Rebut Claims by Silicon Valley Bank’s Ex-C.E.O.

The bank had not fixed its problems before it failed, they said. Its leader was not excluded from the sale process.
Unions Accuse UPMC of Wielding Market Power Against Workers

A coalition of unions has filed an antitrust complaint with the Justice Department, accusing the Pennsylvania hospital system of suppressing wages and worsening working conditions.
Senators and Sam Altman, OpenAI’s CEO, Debate How to Regulate AI

Lawmakers and Sam Altman, the chief executive of OpenAI, agreed that artificial intelligence should be regulated. How to do that remains an open question.
SVB’s Ex-C.E.O. Becker Deflects Blame for Collapse

Senators derided Gregory Becker at a hearing about the failure of his bank. “It sounds a lot like ‘my dog ate my homework’,” one said.
Strippers and California Club Reach Accord on Union After Long Fight

The club agreed not to block the dancers from affiliating with Actors’ Equity, a move that would be the industry’s first unionization since the 1990s.
Sam Altman, ChatGPT Creator and OpenAI CEO, Urges Senate for A.I. Regulation

The tech executive and lawmakers agreed that new A.I. systems must be regulated. Just how that would happen is not yet clear.
The C.E.O. of OpenAI Heads to Congress to Discuss Rules for A.I.

Sam Altman, who leads ChatGPT’s parent company, is expected to call for some regulation of artificial intelligence as Washington weighs its next steps.
Wells Fargo to Pay $1 Billion to Settle Lawsuit by Shareholders

A group of plaintiffs had claimed that the bank misled investors about its progress in cleaning up after a sham accounts scandal a decade ago.
San Francisco Fed Ties to S.V.B. Chief Attracts Scrutiny to Century-Old Setup

As Greg Becker, the former C.E.O. of Silicon Valley Bank, prepares to testify before Congress, boards that oversee regional Federal Reserve branches are in the spotlight.
E.U. Approves Microsoft’s $69 Billion Deal for Activision

The green light follows objections to the blockbuster deal by American and British regulators on the grounds that it would undercut competition.
The $69 Billion Microsoft-Activision Deal Faces a Big E.U. Test

The bloc’s antitrust regulators could side with Microsoft on Monday, but the tech giant still faces an uphill battle to gaining full approval.
First Came the Sports Betting Boom. Now Comes the Backlash.

In many U.S. states and across the world, regulators are cracking down on the sports gambling industry, citing harm to the public and, in some cases, to athletes.