A celebration for Stability AI, the start-up behind the controversial Stable Diffusion image generator, represents the arrival of a new A.I. boom.
Category: Regulation and Deregulation of Industry
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Appeals Court Finds Consumer Bureau’s Funding Unconstitutional
The New York Times – Business:The decision, expected to be appealed, could upend every regulation and enforcement action the bureau has issued.
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FDA Panel Recommends Pulling Preterm Birth Drug From the Market
The New York Times – Business:The agency has weighed years of study that showed the treatment given accelerated approval 11 years ago was not effective.
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Treasury Dept. to Ask Insurers for Data on Climate Risks to Measure Coverage Affordability
The New York Times – Business:The department is proposing to gather information from across the country to establish where climate change is making property insurance unaffordable or inaccessible.
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In Xi’s China, the Business of Business Is State-Controlled
The New York Times – Business:The Chinese leader has increasingly demanded that businesses conform to the aims of the Communist Party, an agenda he doubled down on this week at an important political gathering.
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Kroger and Albertsons Announce Plan to Merge in $25 Billion Deal
The New York Times – Business:The deal, an effort to bulk up against deep-pocketed rivals Walmart and Amazon, is likely to invite serious antitrust scrutiny from regulators.
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What the $24.6 Billion Kroger-Albertsons Merger Could Mean for Groceries
The New York Times – Business:Two of the largest U.S. supermarket chains hope to join forces as inflation pushes food prices higher and as Amazon and Walmart become more powerful.
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Elizabeth Warren Singles Out Wells Fargo for ‘Alarming Pattern’ of Zelle Fraud
The New York Times – Business:Customers’ claims have risen sharply in recent years and exceed the rate reported by other large banks, the senator said in a letter to the bank’s leader.
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Battle Over Wage Rules for Tipped Workers Is Heating Up
The New York Times – Business:A system counting tips toward the minimum wage is being fought in many places. Critics say it’s often abused. Defenders say workers benefit overall.