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At the beginning of this year, she started hearing an eerie hum that got louder at night. Virginia has had explosive growth in data centers since the early 2000s, when Loudoun County started allowing data centers to be built. Loudoun County residents say the noise started this past winter and gets louder at night when it's cooler. In Loudoun County, residents said they could hear the data center even with their windows closed. Unlike previous data centers, the new ones use so-called free air cooling , designed to leverage lower temperatures to use less electricity than most data centers.
Persons: Stephanie Brookes, Brookes, Les Blomberg, he's, Mike Turner, Ted Lewis, Turner, Eric Lee, Jeff Mach, Mach, Katy Hancock, Hancock, Chris Crosby, Blomberg, it's, Lewis, Arline Bronzaft, Wire Blomberg Organizations: Business, Compass, Pollution, The Washington Post, county's, Supervisors, Loudoun County's, Public, Lehman College Locations: Loudoun County , Virginia, Virginia, Loudoun County, Leesburg, New York, Ashburn, Loudoun, Loudoun County's
Mortgage giant Fannie Mae abandoned work on the program in August. Photo: Eric Lee for The Wall Street JournalWASHINGTON—The Biden administration pushed to save homeowners thousands of dollars in closing costs on certain mortgages, part of a broad effort to slash fees and save Americans money. Objections from an obscure industry and from lawmakers helped kill the plan. Government-controlled mortgage giant Fannie Mae was preparing this summer to finalize a program to test out eliminating one of the biggest fixed costs associated with closing on a mortgage: title insurance.
Persons: Fannie Mae, Eric Lee, The Wall Street Journal WASHINGTON —, Biden Organizations: The Wall Street Journal WASHINGTON Locations: Government
Deputy Attorney General Lisa Monaco, shown in April, emphasized in a speech in October the importance of taking national security concerns into account when evaluating a target company. Photo: Eric Lee/Bloomberg NewsA Justice Department policy shift around the disclosure of possible wrongdoing uncovered in mergers and acquisitions reinforces the need for buyers to dive deep into a target’s compliance efforts, both before and after a deal closes, corporate advisers said. Under a new policy announced in October, an acquiring company that discloses potential wrongdoing at a company being acquired within six months of either side of the deal closing date—and fully cooperates and fixes the underlying problems within a year of closing—can presume it won’t be prosecuted by the Justice Department.
Persons: Lisa Monaco, Eric Lee Organizations: Bloomberg, Justice Department
To see a field of common milkweed in midsummer — a sea of a thousand nodding pink flower heads — you would not imagine that anything could ever stand in the way of the genus Asclepias. Yes, common milkweed (Asclepias syriaca), the most widespread milkweed east of the Rocky Mountains, can colonize disturbed sites and form impressive stands. But it is an exception among the more than 90 recognized North American species of milkweed, many of which often find it not so easy to continue making themselves at home. “The milkweed is a displaced citizen in its own land,” writes Eric Lee-Mäder in the opening of his new book, “The Milkweed Lands: An Epic Story of One Plant, Its Nature and Ecology.” “Where once it owned the continent, it’s now a kind of vagrant, occupying the botanical equivalent of homeless encampments.”As one example, he cites 2012 research, by John M. Pleasants of Iowa State University and Karen S. Oberhauser of the University of Minnesota, that estimates a nearly 60 percent decrease in the milkweed populations of the Midwest since 1999.
Persons: , Eric Lee, John M, Karen S Organizations: North, Iowa State University, University of Minnesota Locations: Rocky
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Persons: Dow Jones
Left to right: Microsoft's CTO Kevin Scott, OpenAI CEO Sam Altman, Google DeepMind CEO Demis Hassabis. Joy Malone/David Ryder/Bloomberg/Joel Saget/AFP/Getty ImagesSome AI industry experts say that focusing attention on far-off scenarios may distract from the more immediate harms that a new generation of powerful AI tools can cause to people and communities, including spreading misinformation, perpetuating biases and enabling discrimination in various services. “Motives seemed to be mixed,” Gary Marcus, an AI researcher and New York University professor emeritus who testified before lawmakers alongside Altman last month, told CNN. In his testimony before Congress, Altman also said the potential for AI to be used to manipulate voters and target disinformation were among “my areas of greatest concern.”Even in more ordinary use cases, however, there are concerns. Influencing regulatorsRegulators may be the real intended audience for the tech industry’s doomsday messaging.
Persons: Sam Altman, Altman, Demis Hassabis, Kevin Scott, Elon Musk, Joy Malone, David Ryder, Joel Saget, ” Gary Marcus, , Marcus, Gary Marcus, Eric Lee, Emily Bender, Bender, ” Bender, , we’re Organizations: CNN, Google, Microsoft, Bloomberg, Getty, New York University, OpenAI, University of Washington, Laboratory, Washington Locations: Valley, AFP, Washington , DC, Congress
Pentagon Trying to Get Weapons to Allies Faster
  + stars: | 2023-06-13 | by ( Gordon Lubold | ) www.wsj.com   time to read: 1 min
During fiscal 2022, the Pentagon had oversight of more than 15,000 foreign military sales cases totaling in excess of $679 billion. Photo: Eric Lee for The Wall Street JournalWASHINGTON—The Pentagon plans to beef up training for its corps of officers who help execute foreign weapons sales, said senior Defense Department officials, part of an effort to cut red tape and speed up sales to allies and partners, who complain along with others that the Pentagon is sluggish, ponderous and ineffective.
Persons: Eric Lee Organizations: Pentagon, The Wall Street Journal WASHINGTON, Defense Department
The FDA has said some labs aren’t careful enough about whether their tests can really show what they claim and whether they have too many false results. Photo: Eric Lee For The Wall Street Eric Lee for The Wall Street Journal
Persons: Eric Lee Organizations: FDA, The Wall Street
FTC’s Amgen Activism Will Spare Smaller Biotechs
  + stars: | 2023-05-16 | by ( David Wainer | ) www.wsj.com   time to read: 1 min
The Federal Trade Commission’s effort to block Amgen’s acquisition of Horizon Therapeutics is putting a damper on the recent biotech stocks rally. Photo: Eric Lee for The Wall Street JournalBiotech stocks were on a tear in recent weeks, rebounding from the sector’s horrid performance of the last two years. The euphoria was based on the premise that pharma companies would keep paying massive premiums for biotech companies because their own blockbuster drugs were going off patent.
FTC’s Amgen Activism Will Spare These Biotechs
  + stars: | 2023-05-16 | by ( David Wainer | ) www.wsj.com   time to read: 1 min
The Federal Trade Commission’s effort to block Amgen’s acquisition of Horizon Therapeutics is putting a damper on the recent biotech stocks rally. Photo: Eric Lee for The Wall Street JournalBiotech stocks were on a tear in recent weeks, rebounding from the sector’s horrid performance of the last two years. The Federal Trade Commission’s effort to block Amgen ’s acquisition of Horizon Therapeutics is putting a damper on that rally. The SPDR S&P Biotech exchange-traded fund was down 3.4% on Tuesday morning, with Horizon plunging 18%. Seagen , which agreed to sell itself to Pfizer for $43 billion in March, was down 6%.
DOJ Settles Antitrust Case, Clearing Way for Assa Abloy Deal
  + stars: | 2023-05-05 | by ( Jan Wolfe | ) www.wsj.com   time to read: 1 min
The Justice Department’s settlement clears the way for the completion of a $4.3 billion deal. Photo: Eric Lee for The Wall Street JournalThe Justice Department said Friday that it has settled its antitrust challenge to the Swedish lockmaker Assa Abloy ’s planned acquisition involving a U.S. rival, putting the $4.3 billion deal on track for completion. Assa Abloy sells locks under various brand names. In September 2021, it announced plans to buy Middleton, Wis.-based Spectrum Brands ’ Hardware and Home Improvement segment. The Justice Department sued in September 2022 to block the deal, saying it would diminish competition in the residential door hardware industry and raise prices.
House Minority Leader Hakeem Jeffries, a Democrat from New York, wrote: ’It is now time for MAGA Republicans to act in a bipartisan manner.’ Photo: Eric Lee/Bloomberg NewsWASHINGTON—House Democrats took the next step in starting a discharge petition for a debt-ceiling increase, a maneuver that could allow them to go around Republican leaders if they can win a handful of GOP votes. The petition process allows a majority of House lawmakers to bring a bill directly to the floor without the cooperation of leadership. But it is time-consuming and rarely successful, and Democrats earlier this year said they had shelved the idea as too difficult.
The NIH’s $47 billion budget gives it a powerful role in investigating diseases and exploring new treatments. Photo: Eric Lee for The Wall Street JournalThe White House is nearing a decision to nominate Monica Bertagnolli to run the federal government’s National Institutes of Health life-sciences research agency, people familiar with the matter said. Since October, Dr. Bertagnolli has been running the National Cancer Institute, the largest of the 27 research institutes that make up the NIH.
The voice on the other end asked Roscoe if he would serve as an eleventh-hour mediator in the massive defamation lawsuit filed by Dominion Voting Systems against Fox News. “I said yes,” Roscoe told CNN on Wednesday, recalling advice his father gave him at the age of 16 about accepting work assignments while on vacation. Eduardo Munoz/Reuters/Eric Lee/Bloomberg/Getty ImagesIn the lead up to the last-second deal, attorneys for both Fox News and Dominion were fully expecting a trial. Last week, Dominion had notified Fox News that one of its first witnesses would be Rupert Murdoch, the 92-year-old Fox Corporation chairman, a person familiar with the matter told CNN. “Presence in the courtroom often tends to crystalize the focus of the risks and benefits of litigation,” Roscoe told CNN.
Binance Sued by CFTC Over Evading U.S. Rules
  + stars: | 2023-03-27 | by ( Dave Michaels | ) www.wsj.com   time to read: 1 min
Photo: Eric Lee for The Wall Street JournalThe CFTC and other federal agencies have been investigating Binance for several years. The Commodity Futures Trading Commission on Monday sued Binance Holdings Ltd., alleging the operator of the world’s largest cryptocurrency exchange violated U.S. rules that require futures and other derivatives to be traded on regulated platforms. The CFTC’s lawsuit also named Binance founder Changpeng Zhao and Samuel Lim , who the agency said was Binance’s first chief compliance officer, as defendants. The lawsuit seeks restitution and fines as well as an order that would prevent the companies from any continuing conduct that violates U.S. rules.
Photo: Eric Lee for The Wall Street JournalThe Securities and Exchange Commission has told Coinbase it is likely to recommend enforcement action against the company over listing assets that regulators believe are securities. WASHINGTON—Crypto has picked an unlikely ally in its battle against oversight by Wall Street’s chief regulator: a former Coinbase Global Inc. employee convicted of insider trading. Ishan Wahi, a former manager at Coinbase, pleaded guilty this year to giving his brother and a college friend trading tips that generated almost $1.5 million in illicit profits. An Indian immigrant, he could serve more than three years in prison and be deported after doing time.
Photo: Eric Lee for The Wall Street JournalThe Justice Department opens the probe as the Biden administration shifts to a tougher approach toward the video-sharing app. The Justice Department is investigating the surveillance of American journalists by TikTok’s Chinese owners, a person familiar with the matter said, a revelation that comes as the Biden administration has shifted toward a tougher approach to address the perceived security threat from the video-sharing app. The federal investigation began after the Beijing-based ByteDance Ltd. in December acknowledged that its employees misused their authority to access the data of journalists in an effort to identify leaks of confidential company information.
Eye Drops Recalled by Two Companies Over Safety Concerns
  + stars: | 2023-03-08 | by ( Talal Ansari | ) www.wsj.com   time to read: 1 min
Photo: Eric Lee For The Wall Street JournalThe Food and Drug Administration posted voluntary recalls of eye drops from two companies. Two companies have recalled eye drops because of safety risks that could cause infections and other problems. The Food and Drug Administration posted the companies’ voluntary recalls, announced earlier this month, on its website.
Photo: Eric Lee for The Wall Street JournalMakena was the only drug approved by the FDA to reduce the risk of preterm birth in women with a history of early deliveries. Covis Pharma Group said it will stop selling its drug to prevent preterm births, after a study couldn’t confirm the medicine worked and U.S. health regulators were taking steps that could have it pulled. Makena was the only drug approved by the Food and Drug Administration to reduce the risk of preterm birth in women with a history of early deliveries.
Biden Snub on Crime Law Reminds D.C. Who’s in Charge
  + stars: | 2023-03-04 | by ( Annie Linskey | ) www.wsj.com   time to read: 1 min
Photo: Eric Lee for The Wall Street JournalThe nation’s capital is subject to congressional oversight because of a provision in the Constitution. WASHINGTON—The city that hosts the most powerful government in the world doesn’t have much power. President Biden’s decision to side with Republicans and some Democrats in blocking changes to the District of Columbia’s crime code is the latest in a long string of interventions regarding contentious local laws. Federal lawmakers say they are exercising needed oversight for the federal district, while local elected officials argue Congress is undercutting the democratic process to score political points.
Photo: Eric Lee for The Wall Street JournalTwo Democratic lawmakers are requesting recommendations for how ethics rules and regulations in Washington can be strengthened. WASHINGTON—Two Democratic lawmakers called on the executive branch to root out financial conflicts-of-interest among top government officials. In letters sent to eight federal agencies Tuesday, Sen. Elizabeth Warren of Massachusetts and Rep. Pramila Jayapal of Washington asked that internal investigators launch probes into conflicts of interest and review the effectiveness of the agencies’ rules.
Photo: Eric Lee for The Wall Street JournalThe Food and Drug Administration, headquartered in Silver Spring, Md., has said it is willing to approve a drug based on results from one trial and “confirmatory evidence.”Federal regulators approved a drug to treat a debilitating disease using data collected about patients over decades, creating an opening for researchers of other rare conditions who often struggle to prove their treatments work. The Food and Drug Administration on Tuesday approved Reata Pharmaceuticals Inc.’s drug Skyclarys, or omaveloxolone, for treating the neurological disorder Friedreich’s ataxia in adults and adolescents age 16 and older.
That money was to be given in $2 billion annual installments of Foreign Military Financing, or FMF, grants over five years. Republicans accused Biden's administration of failing to advocate strongly enough for the Taiwan grants, given that his fellow Democrats controlled both the Senate and House last year. "Securing FMF funding is always a challenge given the tight budget constraints, even for priority partners like Taiwan," said Eric Lee of the Project 2049 Institute think tank. "I would prefer to see a revival of FMF grants, but with clear strings attached," said Michael Hunzeker, a Taiwan military expert at George Mason University. Grants to buy specific weapons could be made on condition of Taiwan showing further moves toward asymmetric defense, he said.
Social Security disability benefits are generally available to workers who have earned enough credits through payroll taxes — typically 40 credits, though younger workers may qualify with less. Supplemental Security Income, or SSI, is a federal benefit available to disabled individuals who may not qualify for Social Security disability based on their work records. Allsup, which works with NASA, helped Perry get his Social Security disability benefits application approved. "That can really make or break a Social Security disability case," he said. Social Security disability benefits are aimed at long-term conditions.
But the federal investigation has been strained, spread thin and strapped for resources as a sometimes less-than-agile federal bureaucracy adapts to the overwhelming scope of the caseload. While the FBI arrested more than 700 defendants in the first year of the investigation, it arrested about 200 in the second. Online sleuths have done their best to bust those myths, too. “That was it.”The Sedition Hunters website features images of people online sleuths say took part in the Jan. 6 attack, including many (in blue) who have been identified. Some charging documents in Jan. 6 cases make the role that online sleuths played clear.
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