Musk’s X Sues California Over Content Moderation Legislation
Elon Musk’s X Corp. sued California over a law requiring social media companies to explain how their content is moderated.
Bloomberg Tech
Taiwan Determined to Remain ‘Indispensable’ Source of Best Chips
Taiwan will remain the world’s “indispensable and irreplaceable” source of the world’s most advanced microchips, the island’s US representative said, even as the Washington looks to ease its reliance on foreign partners for semiconductors.
Chinese Battery Maker Picks Illinois for $2 Billion Factory
A Chinese battery maker picked Illinois for a $2 billion gigafactory that’s set to start production next year.
Just Eight Exchanges Handle 90% of All Crypto Trading Volume
In cryptocurrency markets, liquidity is uber-concentrated and has become more so over time, with nearly all of it found on just eight exchanges.
New York Governor Seeks Refunds for Charter Customers Who Have Lost ABC and ESPN
NY Governor Kathy Hochul is seeking refunds for Charter Communications Inc. cable subscribers who have lost access to Walt Disney Co.-owned channels as a result of a contract renewal dispute between the two companies.
Illinois Uses Incentives to Get $2 Billion Chinese Battery Plant
A Chinese battery maker picked Illinois for a $2 billion gigafactory that’s set to start production next year.
FAA Seeks New Technology in Response to Uptick in Close Calls on Runways
The US Federal Aviation Administration is taking the first step toward mandating cockpit-alerting technologies to reduce the risk of runway mishaps.
World’s Biggest Currency Rally Triggers Deflation in Costa Rica
In a region known for rampant inflation, one country now has falling consumer prices.
VC Intel Provider CB Insights to Weigh $800 Million Sale
CB Insights, a provider of market intelligence on venture capital firms and startups, is exploring a potential sale, according to people familiar with the matter.
IPhone Hacked Using Pegasus Spyware from Israel’s NSO Group
An iPhone belonging to a staffer at a Washington-based civil society organization was hacked remotely with spyware created by Israel’s NSO Group.