New York Sues over Net Neutrality, and an Early Uber Investor Leaves His Company
New York Attorney General Eric Schneiderman filed a suit to block the FCC from repealing net neutrality protections. The state's top lawyer says the agency's move is "illegal" and that its system to collect comments on the issue was "corrupted."
Plus Shervin Pishevar, one of Uber's early investors and an executive at Virgin Hyperloop One, stepped down from his venture capital firm amid allegations of sexual harassment. He says he's focused on the legal battle against those launching a "smear campaign" against him.
And is Twitter up for sale? A picture posted by Goldman Sachs CEO Lloyd Blankfein with the social media platform's Jack Dorsey sparked speculation that the two might be working on a deal.
Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the economic impact of interest rate hikes.
Amazon on Thursday reported stronger-than-expected revenue and profits for the first quarter, sending its stocks higher in after-hours trading. But its prices took a dip in the evening amid concerns about a continued slowdown in the company's profitable cloud computing unit AWS.
A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year.
As a growing number of overweight Americans clamor for Ozempic and Wegovy — drugs touted by celebrities and on TikTok to pare pounds — an even more powerful obesity medicine is poised to upend treatment.
A California judge is ordering Tesla CEO Elon Musk to be interviewed under oath regarding statements about the safety and capability of the car maker's autopilot features.
