Tag: Regulation and Deregulation of Industry

Senate Votes to Scrap Biden Vaccine Mandate as Republicans Eye 2022

WASHINGTON — The Senate on Wednesday voted narrowly to roll back President Biden’s vaccine and testing mandate for large employers, taking mostly symbolic action as Republicans escalate their protest of the administration’s push to immunize Americans against a deadly pandemic. The vote was bipartisan, as two centrist Democrats — Senators Joe Manchin III of West […]

Read More

Group Backed by Top Companies Moves to Combat A.I. Bias in Hiring

Artificial intelligence software is increasingly used by human resources departments to screen résumés, conduct video interviews and assess a job seeker’s mental agility. Now, some of the largest corporations in America are joining an effort to prevent that technology from delivering biased results that could perpetuate or even worsen past discrimination. The Data & Trust […]

Read More

Saule Omarova, Biden’s Pick for Key Banking Regulator, Backs Out

Saule Omarova, a Cornell Law School professor whom critics painted as a communist after President Biden picked her for a key banking regulator job, is withdrawing from consideration for the post. In a letter to the White House on Tuesday, Ms. Omarova said it was “no longer tenable” for her to seek the position of […]

Read More

China Cuts RRR as Evergrande, Kaisa Face Deadlines

China’s debt-loaded property market is headed for a reckoning, as China Evergrande Group and another troubled housing developer face deadlines for millions of dollars worth of payments in a test of Beijing’s narrative that it can handle the threat to the Chinese economy. Evergrande, with bills totaling $300 billion or more, will need to come […]

Read More

Didi of China Moves to Delist From New York Stock Exchange

With 377 million active users a year in China and services in 16 other countries, Didi Chuxing has been celebrated in China as a homegrown tech champion. It vanquished its American rival, Uber, and bought that company’s Chinese operations in 2016. Promises to use its banks of data to unsnarl traffic and develop driverless car […]

Read More

Jack Dorsey Steps Down and Other Silicon Valley Transitions

(If you want more analysis, read this fine piece by my colleague Greg Bensinger, a member of the Times editorial board, on what it will take for Agrawal to fix the company, including cleaning up bots and misinformation. And, here, The Times’s Kevin Roose looked at the restlessness of tech moguls like Dorsey.) 4 Questions […]

Read More

Biden and Trump S.E.C. Chiefs Trade Tips on How to Regulate Crypto

Regulators on the left and right rarely agree on policy. Yet, when it comes to cryptocurrency, two men who have led the Securities and Exchange Commission are remarkably aligned: The technology and offerings may be new, but old rules still apply. Jay Clayton, the Republican S.E.C. chairman under President Donald J. Trump, interviewed Gary Gensler, […]

Read More

Big Tech ‘Amplification’: What Does That Mean?

Lawmakers have spent years investigating how hate speech, misinformation and bullying on social media sites can lead to real-world harm. Increasingly, they have pointed a finger at the algorithms powering sites like Facebook and Twitter, the software that decides what content users will see and when they see it. Some lawmakers from both parties argue […]

Read More

In China, Buying That Toy Gun Could Get You Arrested

China’s strong gun controls mean that fatal shootings are rare, and many citizens support the laws to keep it that way. But there has been a growing debate over the legal definition of a firearm. Experts say that China’s regulations — which ban buying, selling or owning weapons above a very low threshold of force […]

Read More

The Build Back Better Plan and American Economic Policy

Constrained supply ultimately results when providers use their political power to insulate themselves from the market forces that drive innovation and cost reductions in the long run. A family physician can see only one patient at a time, for example, but for every doctor there are many nurse practitioners, physician assistants and other practitioners who […]

Read More

F.D.A. Plans to Authorize Pfizer Boosters for All Adults This Week

WASHINGTON — The Food and Drug Administration is aiming to authorize booster doses of Pfizer-BioNTech’s coronavirus vaccine for all adults as early as Thursday, a move that would expand the number of Americans eligible for additional shots by tens of millions, according to people familiar with the agency’s plans. The Centers for Disease Control and […]

Read More

Pfizer Asks F.D.A. to Authorize Covid Pill For Unvaccinated People

Pfizer has applied to the Food and Drug Administration to authorize its antiviral pill to treat unvaccinated people with Covid-19 who are at high risk of becoming severely ill, the company said on Tuesday. The drug, which will be sold under the brand name Paxlovid, could become available within weeks if authorization is granted. It […]

Read More

Climate Promises Made in Glasgow Now Rest With a Handful of Powerful Leaders

GLASGOW — After two weeks of lofty speeches and bitter negotiations among nearly 200 nations, the question of whether the world will make significant progress to slow global warming still comes down to the actions of a handful of powerful nations that remain at odds over how best to address climate change. The United Nations […]

Read More

Biden to Choose Robert Califf to Lead F.D.A., Despite Drug Industry Ties

Dr. Califf was confirmed for the job in a vote of 89 to 4; in addition to Mr. Manchin, Senators Edward J. Markey, Democrat of Massachusetts; Richard Blumenthal, Democrat of Connecticut; and Kelly Ayotte, Republican of New Hampshire, voted against him. But other Republicans, led by Senator Mitch McConnell of Kentucky, then the majority leader, […]

Read More

Key takeaways from Week 10 of the Elizabeth Holmes trial.

This week, the main witnesses at the fraud trial of Elizabeth Holmes, the founder of the blood testing start-up Theranos, were former lab directors who testified about some of the inner workings of the failed company. But a different issue increasingly loomed over the proceedings: Just how long is Ms. Holmes’s trial going to last? […]

Read More

Drunken-Driving Warning Systems Would Be Required for New Cars Under U.S. Bill

Intelligent braking systems can predict a collision, while blind spot sensors warn drivers not to change lanes. But what if standard car safety systems could detect if a driver had consumed too much alcohol? As soon as 2026, automakers would be required to equip cars with technology geared toward preventing drunken or impaired driving under […]

Read More

Google Loses Appeal of $2.8 Billion E.U. Antitrust Fine

In a major ruling that bolsters the European Union’s efforts to clamp down on the world’s largest technology companies, Google lost an appeal on Wednesday to overturn a landmark antitrust ruling by European regulators against the internet giant. The decision by the Luxembourg-based General Court related to a 2017 decision by the European Commission, the […]

Read More

Alibaba Downplays Singles Day for a Tense Time in China

Singles Day used to be the biggest, most unabashed celebration of consumerism on earth: a 24-hour online retail extravaganza, kicking off with a confetti-filled gala and culminating in stupendous piles of riches for brands, celebrity pitchmen and Alibaba, the Chinese e-commerce titan at the center of it all. This Singles Day, an annual Nov. 11 […]

Read More

Pfizer Asks F.D.A. to Expand Booster Eligibility to All Adults

WASHINGTON — Pfizer and BioNTech asked federal regulators Tuesday to authorize their coronavirus booster shot for those 18 and older, a move that would likely make every adult in America eligible for an extra injection. The Food and Drug Administration is expected to grant the request, perhaps before Thanksgiving and well ahead of Christmas travel […]

Read More

How Data Is Reshaping Real Estate

Jordan Fisher was troubled. Every variety of the Red Bull energy drink comes in a similar metallic can, and his company’s camera system, which tracks products that customers pick up in stores, was having trouble distinguishing them. This obstacle was one of many that his company, Standard AI, faced while retrofitting a Circle K convenience […]

Read More

US Urges Court Not to Block Vaccine Mandate on Employers

WASHINGTON — The Biden administration on Monday argued that the federal government had all the power it needed to require large employers to mandate vaccination of their workers against the Covid-19 virus — or to require those who refuse the shots to wear masks and submit to weekly testing. In a 28-page filing before the […]

Read More

Democrats Choosing Less Risky Path on Drug Prices

Venture firms that invest in biotech now don’t necessarily have to. Their money could just as easily go into other profitable sectors of the economy, like technology. Early stage drug companies are funded, in part, because America’s high drug prices mean that a successful drug will be worth a huge jackpot. Since the rest of […]

Read More

Is Meta’s Facial Recognition Retreat Another Head Fake?

Why do you think Meta is making so much noise about this tech now? Is it because Facebook itself is dying a slow death? I don’t fully buy Kevin Roose’s argument that Facebook is dying. Perhaps in the U.S., where the cool kids have moved onto TikTok, but in much of the world, Facebook’s products […]

Read More

Covid Deaths Are On the Rise Again in Nursing Homes

So, No. 1, we need to strengthen people’s rights. No. 2, we need a public option: a viable public takeover plan for when the industry and the market are failing, to step in and take back the facilities. In lieu of us having a viable plan, the market and the industry will never fix themselves […]

Read More

Is the Problem Facebook? Or the Internet?

Produced by ‘Sway’ The Facebook Papers and whistle-blower testimony have given us yet more insight into the company’s impact on polarization and mental health, but if you could wave a magic wand and “pull the plug on Facebook,” would these problems go away? Casey Newton, the journalist behind the newsletter Platformer, says no. Imagining a […]

Read More

Democrats Work to Salvage Methane Fee Amid Opposition From Manchin

WASHINGTON — Democrats struggled on Tuesday to salvage a major initiative to address climate change in their sweeping social and environmental policy bill amid opposition from Senator Joe Manchin III of West Virginia, a key Democratic holdout. Mr. Manchin, a centrist from one of the top coal- and gas-producing states, has pushed to remove or […]

Read More

Biden Administration Moves to Limit Methane, a Potent Greenhouse Gas

GLASGOW — The Biden administration planned to announce on Tuesday that it would heavily regulate methane, a potent greenhouse gas that spews from oil and natural gas operations and can warm the atmosphere 80 times as fast as carbon dioxide in the short term. For the first time, the Environmental Protection Agency intends to limit […]

Read More

Regulators Ask Congress to Create New Rules for Cryptocurrencies

WASHINGTON — Federal regulators say they urgently need more power from Congress to properly regulate stablecoins, a fast-growing type of cryptocurrency that they warn could result in bank runs, consumer abuse and payment snafus unless lawmakers act quickly, according to a report issued Monday by the Treasury Department. The call for congressional action comes at […]

Read More

Big Hires, Big Money and a D.C. Blitz: A Bold Plan to Dominate Crypto

WASHINGTON — There was lunch at a French bistro near Congress with Senator Kirsten Gillibrand of New York, and a meeting with some of President Biden’s top economic aides. Then came a private dinner with a major financial regulator. The topic was always the same: “how to win the future” in the global race for […]

Read More

The Metaverse Is Mark Zuckerberg’s Escape Hatch

But the most interesting question, to my mind, is: Why is Mr. Zuckerberg doing this? After all, it’s not a prelude to a huge corporate reorganization or a sign of a chief executive who wants to give himself an easier job, as was the case when Google renamed itself Alphabet in 2015 and Larry Page […]

Read More

Facebook Is Bad. Fixing It Rashly Could Make It Much Worse.

The nicest thing you can say about the Health Misinformation Act, proposed in July by the Democratic senators Amy Klobuchar and Ben Ray Luján, is that it means well. The internet has been a key accelerant of widespread myths, misunderstandings and lies related to Covid-19; Klobuchar and Luján’s bill would force online companies like Facebook […]

Read More