Without Tariffs, China Will ‘Demolish’ American Auto Industry
Tesla CEO Elon Musk said the U.S. auto industry would be decimated if the U.S. didn't impose heavy tariffs on China. According to CNBC, Musk made the remarks during Tesla's earnings call this week, saying that without U.S. tariffs on China, Chinese automakers like BYD and Nio would “nearly wipe out” U.S. automakers. suggested. “Chinese […]
Fossil fuel industry unleashes on Biden for halting key natural gas projects
A large coalition of more than 30 fossil fuel industry groups is sounding the alarm over the expected White House decision to delay permitting of a major natural gas export facility due to potential climate impacts. There is. Those groups, including the American Petroleum Institute (API) and the American Exploration and Production Council (AXPC), sent […]
Climate change could critically harm $253 billion US fishing industry, experts tell senators
Climate change is steadily warming ocean temperatures, and experts warned senators on Wednesday that this could cause significant damage to fisheries. Andrea Dutton, a professor at the University of Wisconsin-Madison, said burning fossil fuels primarily causes climate change, which can cause a wide range of economic and environmental problems. Fossil fuels produce high levels of […]
Biden vetoes bipartisan bill protecting US EV industry from China
President Biden on Wednesday vetoed a bipartisan resolution that would have reversed his administration's decision to exempt taxpayer-funded electric vehicle (EV) charging stations from “Buy America” requirements. The resolution, authored by Florida Republican Sen. Marco Rubio and introduced in July, specifically seeks to overturn the Department of Transportation's (DOT) exemption from Buy America requirements for […]
Court upholds ‘Pharma Bro’ Martin Shkreli’s pharmaceutical industry ban
A federal appeals court on Tuesday upheld a permanent ban on businessman Martin Shkreli from the pharmaceutical industry. The U.S. Court of Appeals for the Second Circuit upheld a district court's ruling against Pharma Bro, barring him from participating in the pharmaceutical industry and charging him with a “nearly $65 million fine for his role […]
‘Pharma Bro’ Martin Shkreli’s lifetime drug industry ban upheld
Martin Shkreli, once known for raising the price of life-saving drugs by more than 4,000%, will not be able to return to the pharmaceutical industry after a federal appeals court on Tuesday upheld his lifetime ban. A three-judge panel of the 2nd Circuit Court of Appeals in Manhattan said the lower court judge acted appropriately […]
Greed is good? Not in the oil industry.
Many of us remember the 1987 movie “Wall Street.” In the film, fictional corporate raider Gordon Gekko declares: “Greed is good” In his view, greed will not only save companies, it will also save America. This statement is ironic, but it could be true. Industry greed becomes beneficial when it aligns perfectly with the public […]
Train drivers call off extra strike days after LNER minimum service law U-turn | Rail industry
Train drivers' union Aslef has called off another five-day strike at the LNER after the state-owned railway company withdrew plans to impose a minimum service level in industrial action next week. LNER, which runs trains on the East Coast Main Line from London to Scotland, had told Aslef it intended to use controversial new laws […]
Grayscale CEO says most of the 11 approved bitcoin ETFs won't survive, defends highest fees in industry – CNBC
Michael Sonnenschein attends the 2022 Forbes Iconoclasm Summit held at the New York Historical Society on November 3, 2022. Arturo Holmes | Getty Images Entertainment | Getty Images DAVOS, Switzerland — Michael Sonnenshein, CEO of Grayscale Investments, told CNBC: largely [says all 11 in the headline, summary and key point though] Some of the approved […]
Court decisions could scale back SEC authority over crypto industry
Check out what's being clicked on FoxBusiness.com Judge Katherine Polk Failla of the Southern District of New York heard arguments in a five-hour hearing Wednesday afternoon in a case that could determine the regulatory future of the $1.7 trillion cryptocurrency industry. did. Lawyers for Coinbase, the largest U.S. cryptocurrency exchange, have filed an SEC complaint […]