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☆ Boeing May Evade Criminal Charges for Violating Settlement
▼ + stars: | 2024-06-21 | by ( Mark Walker | Glenn Thrush | ) www.nytimes.com time to read: +1 min

The department has not made final decisions or ruled out bringing charges, or some other solution, the people said. But it is considering offering Boeing what is known as a deferred prosecution agreement, which is often used to impose monitoring and compliance obligations on businesses accused of financial crimes or corruption, as opposed to trying to convict the company. The agreement, if it is offered, might stipulate that Boeing install a federal monitor to oversee safety improvements, according to the people familiar with the situation. Federal prosecutors said in May that Boeing had violated a previous deferred prosecution agreement by failing to set up and maintain a program to detect and prevent violations of U.S. anti-fraud laws. The settlement was reached in 2021, after Boeing admitted in court that two of its employees had misled federal air safety regulators about a part that was at fault in the two crashes.

Persons: Max Organizations: Boeing

☆ Nvidia’s shares are on fire. The broader stock market looks less rosy
▼ + stars: | 2024-06-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.

Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, “, Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York

☆ Apple’s new China problem: ChatGPT is banned there
▼ + stars: | 2024-06-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Apple is banking on its upcoming AI features to boost iPhone sales especially in China, where demand has been lagging. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China. But China is one of the first countries in the world to regulate the generative AI technology that powers these popular services. Resurgent competitorsMeanwhile, Chinese smartphone brand Huawei’s smartphone sales growth was 70% in the first quarter, according to Counterpoint Research. In other parts of the world, Samsung uses its own propriety AI technology, along with Google’s (GOOGL) AI model Gemini, which is also banned in China.

Persons: ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, —, ”, Nabila Popal, ” Popal, what’s, Reece Hayden, Apple wouldn’t, Jeff Fieldhack, they’d Organizations: CNN, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC, Research, IDC Research, ABI Research, China, Baidu Locations: China

☆ Justices uphold Trump tax on overseas investments in win for Biden
▼ + stars: | 2024-06-20 | by ( John Fritze | Tami Luhby | ) edition.cnn.com time to read: +5 min

CNN —The Supreme Court on Thursday upheld a Trump-era tax on overseas investments, rejecting an argument from a Washington state couple in a case that could have jeopardized existing tax provisions and torpedoed Democratic talk of a wealth tax. Justice Brett Kavanaugh wrote the majority opinion and Justice Clarence Thomas wrote a dissent. In reading his opinion from the bench, Kavanaugh repeatedly stressed that the opinion was “narrow” and did not implicate the raging debate over a wealth tax. “Those are potential issues for another day, and we do not address or resolve any of those issues here,” Kavanaugh wrote in Thursday’s opinion. Elizabeth Warren of Massachusetts and Ron Wyden of Oregon and Independent Sen. Bernie Sanders of Vermont have also unveiled tax proposals that would hit the wealthiest Americans.

Persons: Brett Kavanaugh, Clarence Thomas, Kavanaugh, Charles, Kathleen Moore, Moores, Donald Trump, Joe Biden, ” Kavanaugh, “, ” Biden, Biden, Democratic Sens, Elizabeth Warren of, Ron Wyden, Independent Sen, Bernie Sanders, Paul Ryan, Moore, Samuel Alito, Alito, Charles Moore Organizations: CNN, Trump, Democratic, Government, Oregon, Independent, Capitol, Moores Locations: Washington, India, trillions, Elizabeth Warren of Massachusetts, Vermont

☆ Kaspersky: Biden administration bans Americans from using Russian-made cybersecurity software over national security concerns
▼ + stars: | 2024-06-20 | by ( Zachary Cohen | Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —The Biden administration is taking the unprecedented step of banning US companies and citizens from using software made by a major Russian cybersecurity firm because of national security concerns, Commerce Department Secretary Gina announced Thursday. Thursday’s announcement comes after CNN reported in April that the Biden administration was preparing to issue an order that would prevent US companies and citizens from using Kaspersky software. US government agencies are already banned from using Kaspersky Lab software, but action to prevent private companies from using the software is unprecedented. Founded in Moscow in 1997, Kaspersky Lab grew into one of the world’s most successful anti-virus software companies alongside American rivals like McAfee and Symantec. Some of the speculation and suspicion from US officials about the Russian company centers around Eugene Kaspersky, a charismatic computer expert who co-founded Kaspersky Lab in Moscow in 1997.

Persons: CNN —, Biden, Gina, Joe Biden, Donald Trump, ” Raimondo, “ We’re, Kaspersky, Raimondo, we’ve, Russian government’s, Eugene Kaspersky, ” Kaspersky Organizations: CNN, Commerce, Commerce Department, Kaspersky, McAfee, Symantec, Lab, —, Russian Ministry of Defense, West Locations: Russian, United States, Russia, Moscow, Israel, Eugene, Ukraine

☆ When the Only Escape From War in Gaza Is to Buy a Way Out
▼ + stars: | 2024-06-20 | by ( Adam Rasgon | ) www.nytimes.com time to read: 1 min

The only way for almost all people in Gaza to escape the horrors of the war between Israel and Hamas is by leaving through neighboring Egypt. And that is usually a complicated and expensive ordeal, involving the payment of thousands of dollars to an Egyptian company that can get Palestinians on an approved travel list to cross the border. Confronting the company’s stiff fees, as well as the widespread hunger in Gaza where there is no end in sight to Israel’s military campaign, many Palestinians have resorted to trying to raise money with desperate appeals on digital platforms like GoFundMe. Dr. Salim Ghayyda, a pediatrician in northern Scotland, posted one such plea in January after his sister texted from Gaza to say that their father had suffered seizures.

Persons: Dr, Salim Ghayyda, texted Locations: Gaza, Israel, Egypt, Scotland

☆ He tried to oust OpenAI’s CEO. Now, he’s starting a ‘safe’ rival
▼ + stars: | 2024-06-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —The OpenAI co-founder who left the high-flying artificial intelligence startup last month has announced his next venture: a company dedicated to building safe, powerful artificial intelligence that could become a rival to his old employer. Ilya Sutskever announced plans for the new company, aptly named Safe Superintelligence Inc., in a post on X Wednesday. Sutskever then worked on Google’s AI research team, before helping to found what would become the maker of ChatGPT. It’s also not clear exactly what the new company thinks of as “safety” in the context of highly powerful artificial intelligence technology. “By safe, we mean safe like nuclear safety as opposed to safe as in ‘trust and safety,’” Sutskever told Bloomberg in an interview published Tuesday.

Persons: Ilya Sutskever, Sutskever, Geoffrey Hinton, Sam Altman, Altman, Kara Swisher, ”, It’s, ” Sutskever, OpenAI, Jan Leike, Daniel Levy, Daniel Gross Organizations: New, New York CNN, Superintelligence Inc, SSI, Google, CNN, Bloomberg, Apple Locations: New York, OpenAI, “, Palo Alto , California, Tel Aviv, Israel

☆ TikTok ramps up attacks on Biden administration in challenging prospective ban
▼ + stars: | 2024-06-20 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

Whether the Biden administration overlooked a less restrictive alternative could become a factor in a potential test of the law’s constitutionality. In Thursday’s filing, TikTok said the agreement was never signed despite years of negotiations and dozens of meetings and phone calls with US government officials. The Trump administration tried to ban TikTok by executive action, but that was quickly stymied by legal challenges. US officials have not publicly presented evidence that China has accessed US users’ TikTok data. On Thursday, TikTok’s filing said the company has so far spent $2 billion voluntarily implementing Project Texas.

Persons: TikTok, Biden, Joe Biden, “, CFIUS, ’, Trump, Christopher Simkins, Simkins Organizations: CNN, US Air Force, Foreign Investment, Meta, Independent, Texas Locations: United States, TikTok, China

☆ TikTok Lays Out Past Efforts to Address U.S. Concerns
▼ + stars: | 2024-06-20 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

TikTok, the popular video app facing a new law that could lead it to being banned in the United States, released details Thursday about numerous confidential meetings with top federal officials as it tried to address concerns about the company’s Chinese ownership. The details of those interactions, TikTok said in a court filing, show that the federal government “ceased substantive engagement” with the company on its efforts in September 2022. TikTok said that a ban would violate the First Amendment. The new documents include a 90-page proposal from TikTok about how it planned to address concerns among American national security officials about the app, including worries that the Chinese government could use it to spread propaganda or collect sensitive user data. The Biden administration never blessed TikTok’s proposal, known as Project Texas, despite much back and forth about it with the company.

Persons: TikTok, “, Biden Organizations: Texas Locations: United States

☆ Elon Musk is trying to woo advertisers after telling them to ‘go f–k yourself’
▼ + stars: | 2024-06-20 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk told advertisers last year to “go f**k yourself.” This year, he is showcasing a much different attitude. The erratic billionaire, realizing that he very much needs major advertisers to power X, was in the South of France on Wednesday, attending Cannes Lions, the world’s largest advertising festival. Put together, it’s is no mystery why major brands have taken their advertising dollars elsewhere. Musk even said at the time that the damage to X’s bottom line was so great, it could eventually kill the company. Musk likely does not want to see the platform go the way of the woolly mammoth, which is why he is now trying to woo advertisers back.

Persons: New York CNN — Elon Musk, Mark Read, Musk, —, ” Read, Andrew Ross Sorkin, hadn’t, “, ” Musk, X, it’s, ”, Joe Biden’s, Donald Trump Organizations: New York CNN, France, Cannes Lions, WPP, SpaceX, Associated Press, Washington Post, Democratic Party, Republicans Locations: New York, South, Israel, Mexico, Washington

☆ For a Story on Disney, a Writer Tests New Waters
▼ + stars: | 2024-06-19 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. I suppose I qualify as a Disney Adult, the pejorative term for grown-ups who visit Disney theme parks without children in tow. Disney has 12 theme parks and two water parks around the world, and I’ve been to all of them. I was at Walt Disney World in Florida when the theme park reopened in July 2020 after closing for four months during the coronavirus pandemic. And this month, when Disney World began testing its newest ride, Tiana’s Bayou Adventure, I was on it.

Persons: I’ve, Mickey Mouse Organizations: Disney, Walt Disney Locations: Florida, California, Turkey

☆ OpenAI Co-Founder, Who Helped Oust Sam Altman, Starts His Own Company
▼ + stars: | 2024-06-19 | by ( Cade Metz | ) www.nytimes.com time to read: 1 min

Ilya Sutskever, the OpenAI co-founder and chief scientist who in November joined other board members to force out Sam Altman, the company’s high-profile chief executive, has helped found a new artificial intelligence company. The new start-up is called Safe Superintelligence. It aims to produce superintelligence — a machine that is more intelligent than humans — in a safe way, according to the company spokeswoman Lulu Cheng Meservey. Dr. Sutskever, who has said he regretted moving against Mr. Altman, declined to comment. She said that as it builds safe superintelligence, the company will not release other products.

Persons: Ilya Sutskever, Sam Altman, Lulu Cheng Meservey, Sutskever, Altman, Meservey Organizations: Mr, Bloomberg Locations: OpenAI

☆ Car dealerships hit with massive computer system outage
▼ + stars: | 2024-06-19 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

“We are actively investigating a cyber incident,” CDK spokesperson Lisa Finney said in a statement shared with CNN. To protect customer privacy, customer’s details aren’t written out on a piece of paper that’s just sitting on the desk anymore. Instead, information about deals and customer appointments is kept in a server that’s now impossible for his salespeople to access. But it’s a major hassle in the meantime and could cost his dealerships some business. A statement shared by CDK later in the afternoon said some of the company’s system had been restored to operation but not all of them, yet.

Persons: ”, Lisa Finney, CDK, it’s, Jeff Ramsey, aren’t, Ramsey, “, ” Ramsey, Brian Benstock, he’s Organizations: CNN, CDK, Ourisman Auto Group, Paragon Honda, Paragon Acura Locations: Canada, Maryland, Long Island City , New York

☆ Boeing Starliner: Two astronauts wait to come home amid spacecraft issues
▼ + stars: | 2024-06-19 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

Spaceflight veterans Suni Williams and Butch Wilmore arrived at the space station aboard the Starliner on June 6. It’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months. But the situation makes for a moment of uncertainty and embarrassment that joins a long list of similar blunders by the Boeing Starliner program, which is already years behind schedule. The Starliner spacecraft on NASA's Boeing Crew Flight Test is pictured docked to the Harmony module's forward port on June 13 as the International Space Station orbited 262 miles above Egypt's Mediterranean coast. The first Starliner test mission, flown without crew in late 2019, was riddled with missteps.

Persons: CNN —, Suni Williams, Butch Wilmore, Williams, Wilmore, it’s, “, ”, Steve Stich, Mark Nappi, It’s, Stich, Starliner, Wilmore —, Robert Behnken, Douglas Hurley, Joel Kowsky, Bob Behnken, Doug Hurley —, Hurley, Behnken’s, ” Stich, Michael Lembeck, Lembeck, —, Dragon, ” Lembeck, ” Nappi, “ Everything’s, ” Williams Organizations: CNN, NASA, International, Spaceflight, Boeing, NASA's Boeing, Harmony, SpaceX, International Space, University of Illinois Locations: firma, University of Illinois Urbana, Champaign

☆ Boeing’s CEO is going to coast into retirement, having never been held to account for the mess he made
▼ + stars: | 2024-06-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —For all the mistakes and safety problems Boeing has managed under CEO Dave Calhoun’s watch — resulting in a dozen corporate whistleblowers, multiple groundings and a chunk of a plane’s fuselage literally blowing off in midair — virtually no one has held him to account. But when pressed on taking personal responsibility, Calhoun deflected, over and over. “I am proud of every action we have taken,” Calhoun said when pressed by Hawley on how he could possibly be proud of Boeing’s safety culture. “I don’t think the problem’s with the employees, actually, I think the problem’s with you. It’s the C-suite, it’s the management, it’s what you’ve done to this company,” Hawley said.

Persons: CNN Business ’, Dave Calhoun’s, lavishing, Calhoun, Republican Sen, Josh Hawley, Boeing’s machinists, hasn’t, “, ” Calhoun, Hawley, ” Hawley, they’re, Democratic Sen, Richard Blumenthal didn’t, you’ve, ” Blumenthal, “ I’m, ” Richard Aboulafia, Chris Isidore, ” Aboulafia, ” Organizations: CNN Business, New York CNN, Boeing, Airbus, Republican, Democratic, ”, Federal Aviation Administration, Department, Consultancy Locations: New York

☆ Airbnb undermined team that removed extremist users, whistleblower claims
▼ + stars: | 2024-06-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Airbnb has undermined users’ safety by scaling back its work to remove extremists from its platform, a former contractor alleged in a new whistleblower complaint. “Airbnb spent much of 2023 scaling back and undermining the work of its team tasked with removing individuals affiliated with dangerous and extremist organizations from the platform,” Whistleblower Aid, the organization representing Hernandez, said in a statement. Airbnb disputed Hernandez’s claims, saying that it continues to enforce against members of dangerous or extremist organizations. And in the following years, it pointed to that pledge when removing users associated with extremist organizations. Prior to her work at Airbnb, Hernandez worked as a researcher for the Terrorism Research and Analysis Consortium, an organization that tracks terrorist and hate groups, according to Whistleblower Aid.

Persons: New York CNN — Airbnb, Jess Hernandez, “ Airbnb, Hernandez, ” Hernandez, Airbnb, we’ve, ”, Brian Chesky, “, Lauren Southern Organizations: New, New York CNN, Capitol, US Securities and Exchange Commission, Federal Trade Commission, NBC, CNN, White, Washington DC, Fox News, Terrorism Research, Consortium Locations: New York, Charlottesville , Virginia, Airbnb

Shortly after Boeing’s chief executive, Dave Calhoun, took his seat, families who lost relatives in the 2018 and 2019 crashes of the company’s 737 Max 8 planes called out to him, demanding that he turn around and acknowledge them and the photos of their loved ones. Among those behind Mr. Calhoun were the parents and brother of Samya Rose Stumo, the 24-year-old who was killed in the 2019 Ethiopian Airlines accident and the grandniece of Ralph Nader, the consumer advocate and former presidential candidate. Nearby sat the family of John Barnett, the former Boeing engineer and whistle-blower who died by suicide earlier this year in the midst of a Justice Department criminal investigation into the company. Others held photos of their loved ones lost in the crashes. “I would like to apologize, on behalf of all of our Boeing associates spread throughout the world, past and present, for your losses,” Mr. Calhoun said while facing the families.

Persons: Dave Calhoun, Calhoun, Samya Rose Stumo, Ralph Nader, John Barnett, ” Mr, Calhoun’s Organizations: Boeing, Justice Department, Alaska Airlines Locations: Portland , Ore

Move over, Microsoft and Apple. On Tuesday, Nvidia leapfrogged two of tech’s most storied names to become the world’s most valuable public company, according to data from S&P Global. Just two years ago, the company’s market valuation was over $400 million. Now, in the span of a year, it has gone from $1 trillion to more than $3 trillion. Microsoft and Apple both fell, ending the day trailing the Silicon Valley chip maker.

Persons: Jensen Huang Organizations: Microsoft, Apple, Nvidia, P

☆ Lawmakers to Confront Boeing Chief on Mounting Quality and Safety Issues
▼ + stars: | 2024-06-18 | by ( Mark Walker | Niraj Chokshi | ) www.nytimes.com time to read: +1 min

Senate lawmakers plan to grill Boeing’s chief executive at a hearing on Tuesday about the company’s safety practices in the wake of a harrowing flight in January during which a panel blew out of one of its planes. In a report published hours ahead of the hearing, the Senate’s Permanent Subcommittee on Investigations accused Boeing of mismanaging parts and cutting quality inspections in recent years. Boeing’s chief executive, Dave Calhoun, plans to to express regret over the flight in January and admit to the subcommittee that the company’s culture is “far from perfect,” according to prepared remarks. The hearing, scheduled for 2 p.m., will be Mr. Calhoun’s first appearance before Congress since the January flight, which involved a 737 Max 9 plane. Those crashes, in which 346 people died, led to a 20-month global ban on the plane.

Persons: Dave Calhoun, Calhoun’s, Calhoun Organizations: Investigations

☆ Toyota Chairman, Re-Elected by Investors, Defends His Hands-On Role
▼ + stars: | 2024-06-18 | by ( River Akira Davis | ) www.nytimes.com time to read: +1 min

Toyota Motor’s longtime leader, Akio Toyoda, defended his continued deep involvement in the company’s operations on Tuesday, responding to calls by some big investors that he step back after having resigned as chief executive more than a year ago. “Some infer that what I do and how I act is akin to cloistered rule,” Mr. Toyoda said, referring to an imperial form of government in Japan where an emperor could retain power and influence even after abdication. “I consult with younger-generation executives and give them my advice, and if you call this cloistered rule, then I am happy to continue acting as a cloistered-government leader,” Mr. Toyoda, 68, said at a shareholder meeting at Toyota’s headquarters southwest of Tokyo. Mr. Toyoda was responding to questions posed by several shareholders asking whether recent problems over mishandled safety tests may reflect broader governance problems within Toyota, including insufficient checks and balances on management.

Persons: Akio Toyoda, Mr, Toyoda, “, ” Mr Organizations: Toyota Locations: Japan, Toyota’s, Tokyo

☆ Former Obama press secretary Robert Gibbs hired to lead Warner Bros. Discovery PR
▼ + stars: | 2024-06-18 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

CNN —Robert Gibbs, a former White House press secretary during the Obama administration, will be joining Warner Bros. Warner Bros. But, like its competitors, Warner Bros. has largely struggled to persuade people to go to the movies this year. And Warner Bros. It won’t be Gibbs’ job to fix the media industry woes that are challenging Warner Bros.

Persons: Robert Gibbs, Obama, Gibbs, “ Barbie ”, Robert, ”, David Zaslav, Zaslav, ” Gibbs, Barack, He’ll, Katie Martin Kelly, Laura Watson, Nathaniel Brown Organizations: CNN, White House, Warner Bros, White, TNT, Discovery, NBA, Warner Bros . Discovery, DC Entertainment, Senate

☆ Boeing hid questionable parts from regulators that may have been installed in 737 Max planes, new whistleblower alleges
▼ + stars: | 2024-06-18 | by ( Chris Isidore | Gregory Wallace | ) edition.cnn.com time to read: +11 min

Boeing has been under intense scrutiny with numerous federal investigations and congressional hearings since a January 5 Alaska Air Boeing 737 Max flight had a door plug blow off, leaving a gaping hole in both the plane and Boeing’s reputation. He also claims Boeing in August 2023 told employees to delete records about nonconforming parts, which led him to complain – but Boeing took no action. Jason Redmond/ReutersAt an April 17 hearing Boeing engineer Sam Salehpour testified that Boeing is putting out defective planes because he and others who complain faced pressure not to do so. But the January 5 incident aboard the Alaska Air flight happened just days before the end of the probationary period. Boeing has denied the Alaska Air incident violated the deferred prosecution agreement and is challenging any potential criminal liability in court.

Persons: Sam Mohawk, ”, Dave Calhoun, Calhoun, We’ve, Sen, Richard Blumenthal, Blumenthal, ” Blumenthal, “, Max, Howard McKenzie, Boeing’s, Jason Redmond, Sam Salehpour, ” Salehpour, ” Calhoun’s, Richard Aboulafia, “ I’m, Calhoun’s Organizations: Washington CNN, Boeing, Federal Aviation Administration, Congressional, CNN, Alaska Air Boeing, Max, Connecticut Democrat, FAA, Reuters, Consultancy, Alaska Air, Alaska Airlines, Alaska Airlines ’, Department Locations: Renton , Washington, Connecticut, Mohawk, Renton, Alaska, Indonesia, Ethiopia

☆ Forecast: Very hot. What your employer should be doing to protect you on high-heat days
▼ + stars: | 2024-06-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

Along with stifling days comes the risk of developing dangerous heat-related conditions, such as dehydration, heat stress, heat exhaustion, heat stroke and other hazards. What responsibilities does your employer have to prevent you from suffering a heat-related illness? While some states have specific laws governing occupational heat exposure, there is no heat-specific federal regulation mandating how employers must prevent heat illness in the workplace. They recommend companies:Have a heat illness prevention plan. Monitor workers for signs and symptoms of heat illness.

Persons: ”, Jason Krasno, “, they’ve, Alka Ramchandani, Raj Organizations: New, New York CNN, Safety, Health Administration, OSHA, National Institute for Occupational Safety, Health Locations: New York, North America, Montpelier , Vermont, Syracuse , New York, Pittsburgh, Krasno, OSH

☆ E.V. Maker Fisker Files for Bankruptcy as Cash Runs Short
▼ + stars: | 2024-06-18 | by ( Danielle Kaye | More About Danielle Kaye | ) www.nytimes.com time to read: +1 min

Fisker filed for bankruptcy protection late on Monday, the latest start-up in the electric vehicle industry to fall short after raising large amounts of money from investors with lofty expectations. Fisker’s bankruptcy filing, roughly one year after it delivered its first vehicle and almost four years after it went public, came after months of doubts about its financial viability. The start-up repeatedly cut production targets for its flagship Ocean S.U.V. Talks with another automaker about a potential investment broke down earlier this year, and the company’s beaten-down stock, once worth several billion dollars, was delisted from the New York Stock Exchange for “abnormally low” price levels. It outsourced production and emphasized its design and software, such as a rotating dashboard screen.

Persons: Fisker Organizations: New York Stock Exchange

☆ Electric SUV maker Fisker files for bankruptcy
▼ + stars: | 2024-06-18 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Fisker, a US electric vehicle startup, said Tuesday it had filed for bankruptcy. Fisker added then that it was in discussions with an existing investor about possibly putting more money into the company. Its sole product is the Fisker Ocean electric SUV. The Ocean was also the subject of a review that month by American YouTuber Marques Brownlee titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. Fisker filed for bankruptcy Monday, choosing the common Chapter 11 route, which allows companies to try to resolve their financial problems through reorganization.

Persons: London CNN —, Fisker, American YouTuber Marques Brownlee, ”, Henrik Fisker, BYD, Tesla Organizations: London CNN, Automotive News, Hyundai, Kia, Ford, General Motors, International Energy Agency Locations: American, EVs, United States, Europe, “

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