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Edison Will Reduce Executive Bonuses as a Result of the Eaton Fire22:29 Southern California Edison had said its electrical equipment most likely caused the blaze, which destroyed much of Altadena, a Los Angeles suburb. Fed Officials Signaled No Rush to Restart Rate Cuts, With Some Raising Possibility of Hikes, Minutes Show20:46 Barring a rapid deterioration in the labor market or a significant cooling of inflation, the Federal Reserve appears poised for an extended hold. The New York Times Wins 3 Polk Awards16:38 The Times was honored for its coverage of President Trump, the abuse of housekeepers and nannies in Saudi Arabia and brutality in New York prisons. Kentucky Derby Operator Accused of Regulatory ‘Freeloading’16:38 The Horseracing Integrity and Safety Authority filed a complaint saying Churchill Downs Inc. is not paying its fair share to support inspections and testing. Elon Musk’s xAI Gets $3 Billion Investment From Saudi-Backed A.I. Firm16:02 Humain, which was created by Crown Prince Mohammed bin Salman last year, said it made the investment just before xAI was acquired by SpaceX, Mr. Musk’s rocket company. F.D.A. Reverses Decision and Agrees to Review Moderna’s Flu Vaccine14:51 Moderna said it had held further discussions with regulators and announced that the agency would accept the company’s application for approval of its flu vaccine that uses mRNA technology. How Crypto’s Lobbying Muscle May Save the Clarity Act14:50 A market rout may have decimated the crypto industry. But its machine in Washington may power proposed regulation past concerned Democrats. Uber Taking Steps to Expand Number of EV Chargers Near Its Drivers13:05 The company said it would encourage companies that operated chargers to install them in neighborhoods where its drivers lived and work. The Sleepy Market for Japanese Government Bonds Is Now a ‘Battlefield’6:25 Trading of Japanese government bonds, long considered moribund, is roaring back to life as fears of the country’s debt have sent yields surging. Boneless Wings Are Still Wings, Judge Rules3:08 A Chicago man filed a lawsuit in 2023 against Buffalo Wild Wings, arguing that it had engaged in false advertising of its boneless wings. A judge said the claim “has no meat on its bones.” Trump Hails Japan’s First Batch of U.S. Investments1:27 The announcements were the first step in a $550 billion investment pledge aimed at securing tariff relief and sustaining relations with the Trump administration. Goldman Sachs to Drop D.E.I. Criteria for Board Members1:27 The move would be the Wall Street firm’s latest retreat from diversity mandates that its chief executive, David Solomon, had once made a priority. |
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