Elon Musk, the CEO of Tesla and SpaceX, endorsed the idea of allowing presidents to intervene in Federal Reserve policy, as proposed by Sen. Mike Lee. This reflects a broader pressure campaign on Fed independence that may manifest during the next Trump administration. Fed Chair Jerome Powell recently stated he would not resign if asked by Trump, potentially reigniting a contentious relationship between the Fed chair and the president-elect.
Full Article
Court merges more than 1,600 sexual assault lawsuits against Uber
The 9th Circuit Court of Appeals ruled that over 1,600 sexual assault cases against Uber will proceed before a San Francisco judge, impacting similar apps like Lyft. Uber's attempt to block mass lawsuits through a user agreement clause was rejected, setting a legal precedent for app user agreements and collective lawsuits. The decision supports centralized litigation for efficiency, cost savings, and systemic change in the tech industry, potentially leading to enhanced safety measures for users...
Read more