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Congress Faces Crunchtime in Fight on Spending Cuts
After the summer break, lawmakers on Capitol Hill will need to pass spending bills by Oct. 1 to avoid a government shutdown. Source link
Cannabis Industry Confronts Billion-Dollar Threat: Weak Weed
A pathogen spreading among crops is cutting the recreational drug’s potency, forcing growers to cull “dudded” plants. Source link
Why Trucking Company Yellow Verges on Collapse
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has
Biogen to Buy Reata in $7.3 Billion Deal
The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases. Source link
$2 Billion Default Followed Warnings to Everyone but Investors
Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC
Facebook Bowed to White House Pressure, Removed Covid Posts
Internal Meta emails say pressure from Washington was behind a decision to take down posts attributing the pandemic to a man-made virus. Source link
Steve Wynn Agrees to Stay Out of Nevada's Gambling Industry
The former casino magnate has agreed to an effective ban from Nevada’s gambling industry in a settlement over his alleged sexual misconduct against former employees.
Why Elon Musk's Plan to Build a Super App Won't Be Easy
Lots of U.S. companies have talked about a super app, including PayPal, Snap and Block. Source link
Mark Zuckerberg Could Be Held in Contempt of Congress: What to Know
What to Read Next Source link
Microsoft Faces European Probe Over Bundling of Teams Software
The European Union opened an antitrust investigation into whether Microsoft is abusing its position by bundling its Teams videoconferencing app with its popular Office software.