Makan Delrahim, the U.S. Justice Department’s top enforcer of antitrust laws, is likely to leave his post early in calendar 2021 regardless of the outcome of the Nov. 3 presidential election, Reuters reported on Thursday (Oct. 8). Reuters said the Justice Department did not immediately...
In a unanimous, bipartisan vote, a U.S. Senate Committee ordered the CEOs of Facebook, Google and Twitter to testify on Capitol Hill about a federal law that protects tech companies from liability on the removal of third-party content, CNBC reported. The Senate Commerce Committee wants...
Six months after the Democrat-controlled House passed a $3.2 trillion coronavirus stimulus package, Senate Republicans say they are prepared to vote on their version as early as this week. CNBC reported that U.S. Senate Majority Leader Mitch McConnell (R-Kentucky) said the chamber will consider a...
Some $454 billion allocated for the federal government’s COVID-19 response remains unused, The Wall Street Journal reported on Thursday (Aug. 27). The paper says that less than $17 billion of the money had been used for loans and less than half was earmarked for related...
President Trump’s threat to ban WeChat in the U.S. has shaken the stock markets and is now roiling the corporate world. Shares of Tencent Holdings, its parent company, fell as much as 10 percent on Friday (Aug. 7) hours after the president issued his ban,...
A $1 trillion Republican version of a 4.0 COVID-19 stimulus bill is expected to be on Capitol Hill Monday (July 27). “This is all about kids and jobs,” U.S. Treasury Secretary Steven Mnuchin told Fox News Sunday. “This is our focus, and we want to...
International Business Machines Corp. (IBM) is getting out of the facial recognition business, citing its misuse by law enforcement. In a letter to Congress, IBM’s CEO Arvind Krishna said the company will stop offering facial recognition software and opposes use of the technology for racial...
The head of the U.S. Chamber of Commerce, the largest and most powerful business lobbying group in the country, criticized presidential candidates challenging President Donald Trump on their proposed policies concerning Medicare and taxing of the wealthy, according to a report by the Financial Times....
Former U.S. President Barack Obama is concerned about the impact technology can have on society. “Big disruptive” information technologies can sometimes be “dangerous,” Obama said during a talk with Salesforce CEO Marc Benioff. “People don’t know what’s true and what’s not, and what to believe,”...
