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Joseph Wu, the foreign minister of Taiwan, said on Thursday that a halt in U.S. arms shipments to Ukraine would embolden China in its aggressions against Taiwan and fuel propaganda from Beijing that the United States is an unreliable partner. “When people ask us whether it is OK for the United States to abandon Ukraine, the answer is no, because the world is operating not in a black-and-white way, or if you only look at one theater at a time,” he said. “The world is interconnected.”If Russia is able to occupy more of Ukraine and claim victory, he added, “it would be seen as a victory of authoritarian states because Russia, China, North Korea and Iran, they are now linked together.”Mr. Wu’s comments, made in a wide-ranging hourlong interview in Taipei, come as the Biden administration tries to get Congress to pass a supplemental funding package that would give $60 billion of aid to Ukraine.
Persons: Joseph Wu, , , ” Mr, Wu’s Organizations: Biden Locations: Taiwan, Ukraine, China, Beijing, United States, Russia, North Korea, Iran, Taipei
Satellite images show China's mock-up of Taiwan's presidential office at a desert training site. AdvertisementOut in the desert at a military training site, China has built a mock-up of a key area of Taiwan's capital city where the presidential office and other government buildings are located, satellite images show. Related storiesThe office mock-up was a convincing replica. A general view of the Presidential Office Building in Taipei. People watch a video about China's military advancements at the Military Museum in Beijing on March 3, 2024.
Persons: , Joseph Wen, Wen, it's, Walid Berrazeg, Chiu Kuo, cheng, John Aquilino, GREG BAKER, Party's Lai Ching, Hou Organizations: Service, Alxa League, Planet Labs, Business, Planet, CCTV, Presidential, Rocket Force, Alxa, US, Pacific Command, US Armed Services House Committee, Military Museum, Getty Images, Democratic, ih Locations: China, Taiwan, Alxa, Mongolia, Taipei, Taiwan's, Zhurihe, Inner Mongolia, Beijing, AFP, Getty Images China, It's
Here is what the commission found in a report released Friday, and some of the reactions:GUNS NOT SEIZEDLaw enforcement should have seized Card’s guns and put him in protective custody weeks before he committed the deadliest mass shooting in state history, the commission concluded. “I’m in agreement with the committee’s findings as far as they go, and I do think it’s a legitimate point that the Sagadahoc Sheriff’s Office could have done more to intervene,” he said. Janet Mills, who helped assemble the panel, said its work is of “paramount importance for the people of Maine.” She said she would “carefully review” the report. Maine State Police and the sheriff’s office did not respond to calls seeking comment. The commission, led by a former chief justice of Maine’s highest court, plans to schedule more meetings and issue a final report in the summer.
Persons: MEREDITH, Robert Card, Aaron Skolfield, Leroy Walker, Joseph, , Walker, Ben Gideon, , ” Gideon, Elizabeth Seal, Joshua, Janet Mills, Daniel Wathen, isn’t, ” Wathen Organizations: Army, Saco Armory, Auburn City Council, ” Democratic, Maine State Police Locations: N.H, Lewiston , Maine, Saco, Sagadahoc, Maine
A Congressman is urging Elon Musk to give SpaceX Starshield access to US forces in Taiwan. AdvertisementElon Musk is facing pressure to provide SpaceX's Starshield satellite network to US defense personnel in Taiwan, according to Forbes. However, the outlet described a "group of US lawmakers" were involved in the calls for Musk to provide satellite access to US defense forces in Taiwan. The letter then called on Musk to brief the select panel regarding Starshield's capabilities in Taiwan by March 8, Forbes reported. The request could present challenges for Musk, who has considerable business ties in China, where Tesla has a significant manufacturing presence.
Persons: Elon Musk, Forbes, , Elon, Mike Gallagher, Musk, Gallagher, Taiwan's, Lai Ching, Tesla, hasn't, Joseph Wu Organizations: SpaceX, Service, Forbes ., Forbes . Wisconsin GOP, US Defense Department, Forbes, Street, Chinese Communist Party, New York Times, United States Congress, Times, Business Locations: Taiwan, China, Forbes, Forbes . Wisconsin, Russian, Starshield, Hong Kong
The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get access to SpaceX's Starshield, a satellite communication network designed specifically for the military. The letter, obtained by CNBC and first reported by Forbes, claimed that by not making Starshield available to U.S. military forces in Taiwan, SpaceX could violate its Pentagon contract, which requires "global access" to Starshield technology. The letter requests that Musk provide the House committee with a briefing on its Taiwan operations by March 8. Taiwan has been governing itself independently of China since the island split from the mainland during the 1949 civil war. "I think I've got a pretty good understanding as an outsider of China," Musk said on the All-In Podcast.
Persons: Elon Musk, Tesla, Forbes, Mike Gallagher, Gallagher, Tsai Ing, Lai Ching, Musk, I've, Jaushieh Joseph Wu Organizations: Fratelli, Chinese Communist Party, Elon, CNBC, SpaceX, Pentagon, U.S ., Rep, CCP, Starshield, Russia, U.S, Tesla, Foreign Locations: Italy, Rome, Taiwan, China, American, Shanghai, Hawaii
LATTINGTOWN, N.Y. (AP) — The wife and daughter of John Gotti Jr., the namesake son of the notorious New York mob boss John “Dapper Don” Gotti, are facing assault charges stemming from a fistfight with a woman at a high school basketball game on Long Island. Kimberly Gotti, 55, and her daughter Gianna Gotti, 25, are accused of assaulting the woman after she asked them to stop cursing at players from the bleachers. John and Kimberly Gotti's son Joseph was on the court playing for Oyster Bay High School against rival Locust Valley High School on Thursday night. The Gottis, who were each charged Friday morning with third-degree assault, disputed the woman's account. John Gotti Jr. told reporters on Thursday the woman assaulted his wife first.
Persons: John Gotti Jr, John “ Dapper Don ” Gotti, Kimberly Gotti, Gianna Gotti, Kimberly Gotti's, Joseph, Kimberly, Gianni Gotti, , Organizations: New, Oyster Bay High School, Locust Valley High School, Nassau District Court Locations: New York, Long, Nassau District
JPMorgan thinks investors should flock to biotechnology company Beam Therapeutics , which the firm says stands to benefit from increased market share and a strong gene therapy pipeline. "We see BEAM outperforming our coverage over the mid-term, with current levels being an attractive entry point," the analyst said. The stock is down more than 4% so far this year, and has lost more than 42% over the past 12 months. BEAM 1Y mountain Beam stock. He added that BEAM-302 is "uniquely positioned" as a one-time genetic medicine for AATD, particularly given its success in preclinical trials.
Persons: Eric Joseph, Joseph Organizations: Beam Therapeutics, TAM Locations: U.S, 1H24
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJ&J CFO Joseph Wolk on Q4 earnings beat: Near- and long-term looks very strong at the companyJohnson & Johnson CFO Joseph Wolk joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported fourth-quarter earnings and revenue that narrowly edged out Wall Street’s expectations.
Persons: Joseph Wolk, Johnson
In this photo illustration, a container of Johnson and Johnson baby powder is displayed on April 05, 2023 in San Anselmo, California. Johnson & Johnson has reached a tentative settlement to resolve an investigation by more than 40 states into claims the company misled patients about the safety of its talc baby powder and other talc-based products, the company said in a statement to CNBC on Tuesday. Those cases have for decades caused financial and public relations trouble for J&J, which contends that its talc-based products and now-discontinued talc baby powder are safe for consumers. J&J said in an October securities filing that 42 states and Washington, D.C., had launched a joint investigation into its marketing of talc-based products. The company will pay $700 million to settle the probe, its CFO Joseph Wolk told The Wall Street Journal on Tuesday.
Persons: Johnson, J, Joseph Wolk Organizations: Johnson, CNBC, D.C, Wall Locations: San Anselmo , California, Washington
The surprising history of the barcode
  + stars: | 2024-01-18 | by ( Jordan Frith | Clemson University | ) edition.cnn.com   time to read: +7 min
The bull’s-eye barcode introduced in Woodland and Silver’s 1949 patent. Despite being the first barcode to be officially adopted by an industry, the multicolored design of the Kartrak symbol is now just a footnote in history. The seven barcode symbol finalists displayed in the official internal reports of the symbol selection committee. The bull’s-eye barcode, after all, was the original barcode symbol, and RCA was a powerful company that had invested significant resources in developing the technology. RCA’s main competitor was a latecomer to the battle for barcode dominance: the IBM symbol invented in the early 1970s by George Laurier.
Persons: They’ve, I’ve, Becker, Bredel, Joseph Woodland, Bernard Silver, Theodore H, Maiman, Kartrak, Carecogn, George Laurier, Stephen Brown, , Jordan Frith Organizations: CNN, Stony Brook University, RCA, Litton, IBM, Communication, Clemson University Locations: They’re, Woodland, Troy , Ohio, Clemson , South Carolina
GUATEMALA CITY (Reuters) - Guatemala's President-elect Bernardo Arevalo met with Taiwan's foreign minister to discuss strengthening commercial ties on Saturday, the Central American nation's incoming government said in a statement. Arevalo has said he aims to expand ties with China while maintaining diplomatic relations with Taiwan. The Central American country is one of only 13 nations that maintain diplomatic ties with Chinese-claimed Taiwan. Honduras in March ended its decades-long relationship with Taipei in favour of Beijing following the election in late 2021 of Xiomara Castro as president. Herrera met earlier with Wu and Taiwanese Ambassador Miguel Li-jey Tsao to discuss "possibilities of cooperation," according to an earlier statement.
Persons: Bernardo Arevalo, Arevalo, Karin Herrera, Xiomara Castro, Joseph Wu, Arevalo's, Herrera, Wu, Miguel Li, Tsao, Sofia Menchu, Cassandra Garrison, Marguerita Choy, Diane Craft Organizations: GUATEMALA CITY, Central American, The Central, Taiwan's Locations: GUATEMALA, China, Taiwan, Honduras, Taipei, Beijing
Johnson & Johnson forecasts as much as 6% sales growth in 2024
  + stars: | 2023-12-05 | by ( ) www.reuters.com   time to read: +2 min
Dec 5 (Reuters) - Johnson & Johnson (JNJ.N) on Tuesday forecast revenue growth of 5-6% for the next year, as it banks on strong demand for cancer treatments Darzalex and Carvykti and resilient sales of blockbuster drug Stelara. The company has narrowed its focus on its drugs and medical devices business since it hived off its consumer health unit earlier this year. Sales of blockbuster psoriasis treatment Stelara in Europe are expected to come under pressure as early as next year as a key patent on the drug expires. Sales of the drug largely come from its use as a treatment for inflammatory bowel diseases (IBD), Wolk said. J&J's 2024 revenue growth forecast excludes sales of its COVID vaccine.
Persons: Johnson, Joseph Wolk, Wolk, J, Bhanvi, Patrick Wingrove, Anil D'Silva Organizations: Johnson, Thomson Locations: Europe, United States, Bengaluru, New York
The Executives Who Could Be Johnson & Johnson’s Next CEO
  + stars: | 2023-12-04 | by ( Peter Loftus | ) www.wsj.com   time to read: 1 min
J&J is one of the best-known healthcare companies in the world, with more than 130,000 employees. Photo: Mark Kauzlarich/Bloomberg NewsThe succession race is on at Johnson & Johnson , after the abrupt departure of a top executive widely believed to have been in line for the healthcare company’s top job. Jennifer Taubert , a no-nonsense veteran who runs J&J’s pharmaceuticals business, and the investor-minded Chief Financial Officer Joseph Wolk are leading contenders for the top job after the surprising exit of J&J’s medical-device head Ashley McEvoy in October, people familiar with the succession race said.
Persons: Mark Kauzlarich, Johnson, Jennifer Taubert, Joseph Wolk, Ashley McEvoy Organizations: Bloomberg, Johnson
Barra said at a media event an ongoing outside external safety review will guide the company's path forward and is expected to be completed in early 2024. "We'll work through the challenges we have right now at Cruise," Barra said. She declined to offer an opinion on whether she thought regulators have treated Cruise more harshly than Tesla Autopilot. She also declined to say how much money GM is willing to spend on Cruise going forward until it completes its assessments and has a plan to move ahead. Reporting by Joseph White and David Shepardson; Editing by Leslie Adler and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Mary Barra, Barra, Cruise, Joseph White, David Shepardson, Leslie Adler, Stephen Coates Organizations: General Motors, DETROIT, Detroit, California Public Utilities Commission, Thomson Locations: Cruise, United States, California
Tech firms, Wall Street lead job cuts in Corporate America
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: +9 min
TECHNOLOGY, MEDIA AND TELECOM SECTORMeta Platforms (META.O):The Facebook-parent said it would cut 10,000 jobs, just four months after it let go 11,000 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The company laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. Workday (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse was planning to cut about 3,000 jobs in the second quarter ended June 30, Reuters reported in May.
Persons: Brendan McDermid, Goldman Sachs, Axios, Pat Gelsinger, Elon Musk, Morgan Stanley, Lazard, Coinbase, cryptocurrencies, Phillips, Johnson, Joseph Wolk, Deborah Sophia, Akash Sriram, Granth Vanaik, Eva Mathews, Yuvraj Malik, Sourasis Bose, Priyamvada, Tiyashi Datta, Manya Saini, Jaspreet Singh, Maju Samuel, Sriraj Kalluvila, Pooja Desai Organizations: REUTERS, TELECOM, Meta, Facebook, IBM Corp, Spotify Technology SA, Spotify, Microsoft Corp, Intel Corp, Reuters, New York Times, Elon, Cisco Systems, HP, Rivian, Match, Dell Technologies, Technologies, U.S . Central Intelligence Agency, Goldman Sachs, Wall, Citigroup, Bloomberg News, BlackRock, Bed, Dow, Johnson, 3M, Thomson Locations: New, Wall, U.S, York, New Jersey, Bengaluru
(AP) — Tai’Reon Joseph scored 27 points and blocked Mississippi State's final shot as Southern closed on a 12-0 run to stun the No. With three seconds left, Joseph blocked Josh Hubbard’s shot to hand Mississippi State (6-2) its second straight loss. Hubbard led Mississippi State with 14 points, and Cameron Matthews had 12. Mississippi State led 9-2 lead, but the Jaguars hung around the rest of the half and had several leads. Mississippi State: Vs. Tulane on Saturday in Atlanta in the Holiday Hoopsgiving event.
Persons: — Tai’Reon Joseph, Brandon Davis, Joseph, Josh Hubbard’s, Davis, Hubbard, Cameron Matthews, Southern, ___ Organizations: Mississippi, Jaguars, Mississippi State, Bulldogs, Georgia Tech, ACC, SEC, . Mississippi State, UNLV . Mississippi, Rutgers, . Mississippi, Tulane Locations: STARKVILLE, Miss, Southern, Mississippi, Arizona, Marquette, Illinois, UNLV . Mississippi State, Louisiana, Atlanta
A 48-year-old began secretly working three full-time remote jobs last year, earning a combined $344,000. He was laid off from two of his jobs in October — and said this is why he sought out extra job security. Last year, Joseph earned a combined $344,000 working three full-time remote jobs at the same time, according to documents viewed by Business Insider. While working three jobs has been life-changing for him and his family financially, he said balancing emails and meetings — and keeping his other jobs a secret — was becoming unsustainable. Joseph said he managed to juggle three jobs for over a year by blocking off his work calendars to prevent meeting overlaps.
Persons: , Joseph, it's, he's, BI's Aki Ito Organizations: Service, Business Locations: Texas
The pincer movement of these two policy actions drove the Fed to start losing money in September 2022. The central bank captures the net negative income situation in an accounting measure called a deferred asset, which as of Nov. 22 stood at $120.4 billion. As the Fed sees it, the deferred asset is what must be covered before the central bank can again return excess earnings to the Treasury. The Fed has repeatedly stressed that losing money in no way impacts its ability to operate and conduct monetary policy. The research from the St. Louis Fed estimates it will cover the deferred asset by mid-2027.
Persons: Louis, Joseph Wang, Michael S, Andrea Ricci Organizations: Federal, U.S . Treasury, Federal Reserve Bank of St, Fed, Treasury, Louis Fed, Treasury Department, Reuters, New York Fed, Thomson
Sen. Elizabeth Warren, a Democrat from Massachusetts, is one of the two lawmakers who sent the federal government a letter urging a probe into high drug prices. Photo: Al Drago/Bloomberg NewsA pair of U.S. senators called on the federal government to investigate health insurers that are paying high prices for generic drugs for serious diseases like cancer and multiple sclerosis. Sen. Elizabeth Warren (D., Mass.) and Sen. Mike Braun (R., Ind.) sent a letter on Wednesday to the U.S. Department of Health and Human Services’ Office of Inspector General requesting an investigation into the high drug prices and any role played by health insurers’ shared ownership with the pharmacies that often fill the prescriptions.
Persons: Sen, Elizabeth Warren, Al Drago, Mike Braun, Organizations: Bloomberg, U.S . Department of Health, Human Services ’ Locations: Massachusetts, Ind
Ford said it would restart construction of the factory near Marshall, Michigan, after being paused two months ago. Ford is pushing for the U.S. Treasury Department to approve lithium-iron, or LFP, batteries made at the Michigan factory to qualify for Inflation Reduction Act EV subsidies. Ford now plans to cut the Michigan battery plant's capacity to 20 gigawatt hours and reduce hiring to 1,700 jobs. Ford said in October that it would cut future electric vehicle investments overall by $12 billion compared to previous plans. The company has previously postponed construction of a battery factory in Kentucky and another in Turkey.
Persons: Ford, CATL, Mark Truby, Truby, Joe White, Anil D'Silva Organizations: DETROIT, CATL, United Auto Workers, U.S . Treasury Department, Ford, Blue, Battery Park Michigan, Michigan, Thomson Locations: Michigan, U.S, Marshall , Michigan, Kentucky, Turkey
Nov 20 (Reuters) - The United Auto Workers (UAW) said Monday that 64% of workers at the Detroit Three automakers voted to ratify new record contracts after a six-week targeted strike, as the union turns its attention to organizing foreign-owned and Tesla auto plants. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. In recent weeks, Hyundai Motor (005380.KS), Toyota Motor (7203.T) and Honda Motor (7267.T) have all announced they would hike U.S. factory wages after the UAW contract. Fain told Reuters last week that the UAW was getting expressions of interest in organizing from many Tesla (TSLA.O) workers. Automakers, looking to trim costs as they make the shift to electric vehicles, face higher hourly labor costs.
Persons: Shawn Fain, Fain, Joe Biden, Biden, , Jim Farley, Farley, Mary Barra, Gerald Johnson, Mark Stewart, David Shepardson, Chizu Nomiyama, Sriraj Kalluvila, Jonathan Oatis, Aurora Ellis Organizations: United Auto Workers, UAW, Detroit Three, Hyundai Motor, Toyota, Honda, Reuters, , Tesla, Ford, General Motors, Thomson Locations: U.S, Washington
The letter affirms President Biden’s opposition to a cease-fire, challenging demands from hundreds of officials that Israel halt its military offensive in the Gaza Strip. Israel’s government and Mr. Biden have rejected such a step as incompatible with Israel’s goal of destroying Hamas. The newer letter was delivered to Mr. Biden on Tuesday with 115 names, but its organizers continued to collect signatures until Friday. The earlier letter of dissent was delivered to Mr. Biden with a signature count but without names, although the signatories are known to that letter’s organizers. She cited an Associated Press-NORC Center for Public Affairs Research poll conducted early this month that found that half of Democrats approved of Mr. Biden’s handling of the Israeli-Palestinian conflict.
Persons: Biden’s, Obama, Biden, Ron Klain, Lawrence H, Summers, Barack Obama, Colin H, Kahl, Joseph W, Westphal, Mr, Samantha Power, Power, Antony J, Blinken, Josh Paul, Soifer Organizations: Biden, Democratic, National Economic Council, Mr, U.S . Agency for International Development, United Nations, White House, State Department, Capitol, State Department’s Bureau, Political, Military Affairs, Jewish Democratic Council of America, Associated Press, NORC, for Public Affairs Research, Reuters Locations: Israel, Gaza, U.S, Saudi Arabia, United States
Visitors look at a Toyota Camry car during the Bangkok Auto Salon 2019 in Bangkok, Thailand, July 4, 2019. The 2025 Camry will combine a 2.5-liter gasoline engine with an electric drive system tuned to deliver more power in both front-wheel drive and all-wheel drive versions of the car, Toyota said. The hybrid powertrain and a new electronic all-wheel drive system deliver 232 combined horsepower – nearly 15% more than the outgoing Camry with a mechanical all-wheel drive system, Toyota said. The cheapest Camry hybrid model currently sells for about $2,400 more than the most inexpensive combustion Camry. A current Camry hybrid is rated at 52 miles (84 km) per gallon in combined city and highway driving, compared with a 32-mpg rating for the conventional four-cylinder Camry.
Persons: Athit, David Christ, Christ, Sienna, Joe White, Matthew Lewis Organizations: Toyota Camry, Bangkok Auto, REUTERS, Rights DETROIT, Toyota, Reuters, Los Angeles Auto, Camry, General Motors, Chevrolet Malibu, Honda, Hyundai, Tesla, Car Dealers Association, Thomson Locations: Bangkok, Thailand, U.S, North America, Los Angeles, Detroit, California
NHL roundup: William Nylander extends streak, Leafs edge Flames
  + stars: | 2023-11-11 | by ( ) www.reuters.com   time to read: +4 min
[1/5] Nov 10, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs forward Max Domi (11) goes after a loose puck against the Calgary Flames during the third period at Scotiabank Arena. William Nylander scored twice and had an assist for Toronto to extend his points streak to 14 games -- a team record to open a season. Calle Jarnkrok and John Tavares also scored for the Maple Leafs, who had lost five of their previous six games (1-3-2). Connor Zary, Nikita Zadorov, A.J, Greer and Martin Pospisil scored for the Flames, who had won their two previous games after losing six straight. Panthers 5 Hurricanes 2Rookie defenseman Uvis Balinskis scored his first NHL goal, leading host Florida over Carolina in Sunrise.
Persons: Max Domi, John E, William Nylander, Calle Jarnkrok, John Tavares, Joseph Woll, Connor Zary, Nikita Zadorov, Greer, Martin Pospisil, Dan Vladar, Alec Martinez, Adin Hill, Alex Pietrangelo, William Karlsson, Brett Howden, San Jose, Michael Amadio, Kaapo Kahkonen, Owen Tippett, Travis Sanheim, Cam Atkinson, Sean Couturier, Louie Belpedio, Sam Ersson, Joel Farabee, Leo Carlsson, Uvis Balinskis, Matthew Tkachuk, Carter Verhaeghe, Aleksander Barkov, Kevin Stenlund, Sam Reinhart, Sergei Bobrovsky, Devon Levi, Jeff Skinner, JJ Peterka, Levi, Skinner, Filip Gustavsson, Evgeny Kuznetsov, Nicolas Aube, Beck Malenstyn, Tom Wilson, Charlie Lindgren, Timo Meier, Dawson Mercer, Vitek Vanecek, Akira Schmid Organizations: CAN, Toronto Maple Leafs, Calgary Flames, Scotiabank Arena, Calle, Maple Leafs, Toronto, Flames, Golden Knights, Sharks, Vegas, San, Flyers, Ducks, Philadelphia, Panthers, Hurricanes, NHL, Eastern, Devon, Buffalo, Minnesota, Sabres, Capitals, Devils, Thomson Locations: Toronto , Ontario, Toronto, A.J, San Jose, Las Vegas, Anaheim, Florida, Carolina, Sunrise, Washington, New Jersey, Newark, Nicolas, Kubel
But right now, the unit's operations are shut down as regulators investigate the safety of Cruise's self-driving vehicles. Cruise had $1.7 billion in cash as of Sept. 30, enough to last nine months at the current cash burn rate. As Cruise's troubles intensified, investors on Thursday sent GM shares down more than 3% to $26.65, its lowest closing price since August 2020. In addition to the problems at Cruise, GM last month agreed to a costly new contract with the United Auto Workers, and scaled back plans to expand electric-vehicle production. California regulators suspended Cruise's license to operate, and have accused Cruise officials of misrepresenting information about the incident.
Persons: Heather Somerville, Mary Barra, Cruise, Cruise's, Lawrence Paustian, Barra, Quinn Emanuel, Shinji Aoyama, It's, Kyle Martin, Martin, Jason Petitte, Paul Jacobson, Biden, Ben Klayman, Joseph White, David Shepardson, Matthew Lewis Organizations: General Motors Corp, REUTERS, Rights DETROIT, General Motors, GM, Honda, Cruise, United Auto Workers, Pzena Investment Management, Reuters, Westwood Group, California Department of Motor Vehicles, U.S . National, Traffic, Administration, Thomson Locations: San Francisco , California, U.S, Cruise, Japan, Chicago, Waymo, San Francisco, California, Detroit, Washington
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