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☆ Stocks making the biggest moves premarket: Spirit Airlines, Nvidia, Wayfair and more
▼ + stars: | 2024-01-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

This is Wayfair's third restructuring since 2022 and is expected to save the company about $280 million. Hertz — Hertz shed 2.8% on a Jefferies price target cut and downgrade to hold from buy. AMD added 1.6%, after reaching its highest-ever closing price on Thursday amid increased investor interest in the second-largest standalone GPU maker. DraftKings — Shares of the sports betting company rose more than 1% after Stifel upgraded DraftKings to buy from hold. J.B. Hunt Transport Services – Shares rose more than 3% after the company posted mixed quarterly results.

Persons: Hertz, Wells, Stifel, J.B, J.B . Hunt, Macheel, Samantha Subin, Jesse Pound Organizations: Jefferies, EV, Spirit Airlines, JetBlue, Texas, UBS, Nvidia, AMD, ESPN Bet, Hunt Transport, LSEG

TOKYO (AP) — Asian shares traded mixed Thursday as pessimism spread among investors about any imminent interest rate cut in the United States. Wall Street slipped following another signal that it may have gotten too optimistic about when the Federal Reserve will deliver the cuts to interest rates. Yields climbed after a report showed sales at U.S. retailers were stronger in December than economists expected. Higher yields can crimp profits for companies, while also making investors less willing to pay high prices for stocks. Higher yields hurt all kinds of investments, and high-growth stocks tend to be some of the hardest hit.

Persons: Australia's, Korea's Kospi, Seng, Brent, Stan Choe, Yuri Kageyama Organizations: TOKYO, Nikkei, Shanghai, Federal Reserve, Dow Jones, Nasdaq, U.S, Treasury, Amazon, Fed, Traders, CME Group, European Central Bank, U.S . Bancorp, Sporting Goods, Spirit Airlines, JetBlue Airways, JetBlue, U.S ., AP Locations: United States, Hong, U.S, New York

☆ Stock Market Today: Indexes Finish Lower as Investors Digest Bank Earnings
▼ + stars: | 2024-01-17 | by ( ) www.wsj.com time to read: +1 min

Stocks finished lower Tuesday after a Federal Reserve official said the central bank could cut interest rates this year but that the process should be "carefully calibrated and not rushed." Benchmark Treasury yields rose to settle at 4.064%, its highest afternoon level of the year so far. In bank stocks: Morgan Stanley fell after reporting quarterly results, while PNC wavered. Shares of leading U.S.-listed Chinese companies fell, with the Invesco Golden Dragon China exchange-traded fund down nearly 4%. Chinese Premier Li Qiang on Tuesday sought to reassure investors about opportunities in his country.

Persons: Stocks, Dow industrials, Morgan Stanley, Goldman Sachs, Tesla, Elon Musk, Yemen's Houthi, Li Qiang Organizations: Federal Reserve, PNC, Boeing, Spirit Airlines, JetBlue, Oil, Shell, Benchmark Locations: China

☆ Stocks making the biggest moves before the bell: Spirit, Tesla, Teladoc, Rivian and more
▼ + stars: | 2024-01-17 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Spirit Airlines , JetBlue Airways — The airline stocks slid after a federal judge blocked JetBlue Airways' proposed $3.8 billion acquisition of Spirit Airlines. JetBlue shares fell nearly 1%, while Spirit Airlines dropped more than 20%. SolarEdge Technologies — The solar stock fell 5% following a downgrade by Barclays to underweight from equal weight. Twist Bioscience — Shares climbed 3.2% on the heels of an upgrade to buy from neutral at Goldman Sachs. Ford — Shares shed 2.3% on the back of a UBS downgrade to neutral from buy.

Persons: Sinclair —, Sinclair, Goldman Sachs, Davidson, William Blair, Nutanix, Wolfe, Uber, Tesla, Morgan Stanley —, Ted Pick, Visteon, Morgan Stanley, Morgan, —, Sarah Min, Yun Li, Jesse Pound, Michelle Fox Organizations: Spirit Airlines, JetBlue Airways —, JetBlue Airways, Bank of America Securities, Susquehanna Financial, JetBlue, LSEG, Diamond Sports Group, Diamond, Technologies, Barclays, Goldman, —, Broadcom, VMware, Deutsche Bank, Ford —, UBS, JPMorgan, Polaris, Mattel Locations: Rivian, China

☆ Stocks making the biggest moves midday: Instacart, Spirit Airlines, Marathon Digital and more
▼ + stars: | 2024-01-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Following the ruling, Bank of America downgraded Spirit to an underperform rating, while Susquehanna downgraded the airline to negative. Rivian — The electric vehicle manufacturer slid nearly 8% following a downgrade to a hold rating from Deutsche Bank. Polaris , Mattel — The stocks moved following rating changes from Morgan Stanley. Meanwhile, toymaker Mattel slid 2.8% after Morgan Stanley downgraded shares to equal weight, citing lofty consensus estimates and a tough 2024 outlook. Marathon Digital — The crypto mining firm slid 3% during Wednesday's trading session.

Persons: JetBlue's, Sinclair —, Sinclair, SolarEdge — SolarEdge, Teladoc, Davidson, Nutanix, William Blair, Uber, Ford, Morgan Stanley —, Ted Pick, Morgan Stanley, TD Cowen, Gregory Lewis, —, Alex Harring, Yun Li, Pia Singh, Samantha Subin Organizations: Spirit Airlines, JetBlue Airways —, Bank of America, Susquehanna, Interactive, LSEG, Diamond Sports Group, Diamond, Barclays, Broadcom, VMware, Wolfe Research, Deutsche Bank, UBS, JPMorgan, Polaris, Mattel, Automotive, Boeing, Federal Aviation Administration, BTIG, Marathon Digital Locations: Europe, China

☆ Spirit Airlines shares sink 20% in second day of losses after judge blocks JetBlue merger
▼ + stars: | 2024-01-17 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022. Shares of Spirit Airlines fell about 23% Wednesday, its second day of double-digit losses, after a judge blocked its proposed merger with JetBlue Airways . "JetBlue plans to convert Spirit's planes to the JetBlue layout and charge JetBlue's higher average fares to its customers," U.S. District Court Judge William Young wrote in his decision. "The elimination of Spirit would harm cost-conscious travelers who rely on Spirit's low fares." Shares of JetBlue fell about 8% Wednesday and are down about 3% since the judge blocked the merger.

Persons: William Young Organizations: JetBlue Airways, Airlines, Fort, Hollywood International, Spirit Airlines, JetBlue, Wall Street, CNBC PRO Locations: Fort Lauderdale, Fort Lauderdale , Florida, U.S

☆ Federal Judge Blocks JetBlue’s $3.8 Billion Acquisition of Spirit Airlines
▼ + stars: | 2024-01-16 | by ( Dave Michaels | Alison Sider | ) www.wsj.com time to read: 1 min

JetBlue is the country’s sixth-largest carrier, and Spirit ranks seventh. Photo: Wilfredo Lee/Associated PressA federal judge on Tuesday blocked JetBlue Airways from acquiring Spirit Airlines , agreeing with the Justice Department that the $3.8 billion deal would eliminate a competitor important to price-conscious travelers. The Justice Department said JetBlue’s purchase of Spirit would remove an ultra-low-cost carrier that benefits travelers and puts pressure on other airlines to keep down fares. Removing Spirit as a rival would free JetBlue to raise prices by as much as 30%, the government said. JetBlue is the country’s sixth-largest carrier, and Spirit ranks seventh.

Persons: Wilfredo Lee Organizations: JetBlue, Associated Press, JetBlue Airways, Spirit Airlines, Justice Department

☆ Judge Blocks JetBlue From Acquiring Spirit Airlines
▼ + stars: | 2024-01-16 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion acquisition of Spirit Airlines, a victory for the Department of Justice, which argued that the deal would harm travelers. The proposed merger would have created the nation’s fifth-largest airline. The Justice Department had argued that smaller, low-cost airlines like Spirit help reduce fares and that allowing the company to be acquired by JetBlue, which tends to charge higher prices than Spirit, would have hurt consumers. The four largest U.S. airlines — American Airlines, Delta Air Lines, Southwest Airlines and United Airlines — control about two-thirds of the market. The merger would have given JetBlue a market share of 10 percent, still shy of United, the fourth-largest U.S. airline, which has 16 percent.

Persons: William G . Young Organizations: JetBlue Airways ’, Spirit Airlines, Department of Justice, U.S, District, Massachusetts, Justice Department, The Justice, JetBlue, — American Airlines, Delta Air Lines, Southwest Airlines, United Airlines, U.S .

☆ Judge blocks JetBlue's $3.8 billion acquisition of Spirit, saying the deal would reduce airline competition
▼ + stars: | 2024-01-16 | by ( Associated Press | ) www.businessinsider.com time to read: +1 min

Read previewA federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. This story is available exclusively to Business Insider subscribers. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation's biggest low-cost airline. JetBlue argued that the deal would help consumers by making JetBlue a stronger competitor against bigger rivals that dominate the U.S. air-travel market. AdvertisementShares of Spirit Airlines Inc. plunged more than 53% almost immediately.

Persons: —, Biden, William Young Organizations: Service, JetBlue Airways, Spirit Airlines, Business, The Justice, JetBlue, Spirit Airlines Inc Locations: U.S

☆ Spirit Airlines shares plunge after judge blocks JetBlue merger
▼ + stars: | 2024-01-16 | by ( Krystal Hur | Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Spirit Airlines shares tanked 52% on Tuesday after a federal judge in Boston ruled against JetBlue’s proposed $3.8 billion acquisition of the discount airline. The Biden administration has argued since taking office there needs to be greater competition between businesses, especially in the airline industry, to lower costs for consumers. “If not blocked, the merger of JetBlue and Spirit would result in higher fares and fewer choices for tens of millions of travelers across the country. The Biden administration has taken a much more aggressive approach in fighting mergers and combinations, including in the airline industry. There is one other merger now being sought in the US airline industry, a proposed $1.9 billion deal to combine Alaska Airlines and Hawaiian Airlines.

Persons: JetBlue’s, ”, William Young, Biden, General Merrick Garland Organizations: New, New York CNN — Spirit Airlines, Defendant Airlines, JetBlue, CNN, US Justice Department, Spirit, The Justice, “ Companies, — American Airlines, United, Delta Air Lines, Southwest Airlines, Northeast, Alaska Airlines, Hawaiian Airlines, Hawaiian Holdings Locations: New York, Boston, American, Northeast United States

☆ Judge blocks JetBlue-Spirit merger after DOJ's antitrust challenge
▼ + stars: | 2024-01-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. A federal judge blocked JetBlue Airways ' purchase of budget rival Spirit Airlines after the Justice Department sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers. "JetBlue plans to convert Spirit's planes to the JetBlue layout and charge JetBlue's higher average fares to its customers," U.S. District Court Judge William Young wrote in his decision. "The elimination of Spirit would harm cost-conscious travelers who rely on Spirit's low fares." Spirit shares plunged after the ruling and were down more than 50%, while JetBlue's stock gained about 5%.

Persons: JetBlue's, William Young Organizations: LaGuardia, JetBlue, Spirit Airlines, JetBlue Airways, Justice Department, DOJ Locations: New York, Delta, U.S

☆ TikTok's owner is working on a rival chatbot builder to OpenAI, a new report says
▼ + stars: | 2023-12-04 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

ByteDance is launching a chatbot-building service to rival OpenAI, per the South China Morning Post. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementByteDance is joining the AI arms race as it reportedly prepares to launch a rival to OpenAI's "GPTs." ByteDance did not immediately respond to a request for comment from Business Insider made outside normal working hours.

Persons: OpenAI, —, Sam Altman, ByteDance Organizations: China Morning, Service, South China Morning, South China Morning Post, Baidu, Business Locations: Silicon, Montana

☆ TikTok’s recent court victories show just how hard it might be to ban the app
▼ + stars: | 2023-12-02 | by ( Brian Fung | Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

The lawsuit in Indiana sought court-ordered fines and restrictions on TikTok for allegedly violating state consumer protection laws. Both cases reflected concerns expressed by government officials at all levels in the United States about TikTok’s ties to China through its parent company, ByteDance. Calls for a TikTok ban in the US first arose during the Trump administration and have waxed and waned in the years since, but most attempts to ban the app have been challenged in court. What comes nextUltimately, the state-level efforts in Indiana and Montana failed for many reasons, Goldman said, and policymakers should take note of this. The Indiana decision is less likely to have a nationwide impact, Goldman added, simply due to the typical obscurity of state court rulings and how state laws differ from one jurisdiction to another.

Persons: TikTok, ” Eric Goldman, ’, Trump, Donald Molloy, Molloy, Patrick Toomey, “, ” Molloy, ”, Jennifer DeGroote, DeGroote, Goldman, Blake Reid, Reid Organizations: CNN, TikTok, Santa Clara University, American Civil Liberties, Security, University of Colorado Locations: Indiana, Montana, United States, China

☆ Judge blocks Montana TikTok ban, says it violates first amendment
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJudge blocks Montana TikTok ban, says it violates first amendmentCNBC's Deirdre Bosa reports on a judge blocking Montana's proposed law to ban TikTok in the state, claiming it violates the first amendment.

Persons: Deirdre Bosa, Montana's Locations: Montana

☆ Federal judge blocks Montana's TikTok ban, which would have been the first of its kind
▼ + stars: | 2023-12-01 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. A federal judge in Montana has blocked a law that would have resulted in a state-wide ban of TikTok starting on Jan. 1, 2024. Before the judge's preliminary ruling, Montana was set to become the first U.S. state to ban the popular video and social media app, which is owned by the China-based tech giant ByteDance. ByteDance sued Montana in May to "prevent the state of Montana from unlawfully banning TikTok," the company said at the time. The lawmakers were concerned that the Chinese Communist Party may be able to access the data of U.S. citizens, and have considered implementing a nation-wide ban on TikTok.

Persons: Donald Molloy, Greg Gianforte, Molloy, General, ByteDance, Shou Zi Chew, TikTok Organizations: Communist Party, Montana, State, Chinese Communist Party, Oracle Locations: Australia, Singapore, Mexico, Montana, TikTok, U.S, China, Texas

☆ US judge blocks Montana from banning TikTok use in state
▼ + stars: | 2023-11-30 | by ( David Shepardson | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies TikTok FollowNov 30 (Reuters) - A U.S. judge late on Thursday blocked Montana's first-of-its kind state ban on the use of short-video sharing app TikTok from taking effect on Jan. 1, saying it violated the free speech rights of users. U.S. District Judge Donald Molloy issued a preliminary injunction to block the ban on the Chinese-owned app, saying the state ban "oversteps state power and infringes on the constitutional rights of users." TikTok users in Montana also filed suit to block the ban. During an October hearing, Molloy questioned why no other state had followed Montana in banning TikTok and asked if the state was being "paternalistic" in arguing the ban was necessary to protect the data of TikTok users. Montana could have imposed fines of $10,000 for each violation by TikTok in the state but the law did not impose penalties on individual TikTok users.

Persons: Dado Ruvic, Montana's, Donald Molloy, China's ByteDance, TikTok, Molloy, Bill Clinton, Donald Trump, David Shepardson, Chris Reese, Sonali Paul Organizations: REUTERS, U.S, District, Montana, Democratic, Biden, Thomson Locations: U.S, Montana

HELENA, Mont. (AP) — A federal judge ruled Thursday that Montana can’t enforce a first-in-the-nation law banning the video sharing app TikTok in the state while a legal challenge to the law moves through the courts. U.S. District Judge Donald Molloy said the ban “oversteps state power and infringes on the Constitutional right of users and businesses.”The ban had been scheduled to take effect on Jan. 1. Copyright 2023 The Associated Press. This material may not be published, broadcast, rewritten or redistributed.

Persons: HELENA, Donald Molloy Organizations: —, U.S, District, Associated Press Locations: Mont, Montana

☆ Judge blocks Montana’s TikTok ban from taking effect on January 1
▼ + stars: | 2023-11-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: 1 min

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☆ Supreme Court says Florida can’t enforce anti-drag law
▼ + stars: | 2023-11-16 | by ( Ariane De Vogue | Devan Cole | ) edition.cnn.com time to read: +4 min

CNN —The Florida law that limits drag shows in the state will remain blocked, the Supreme Court said Thursday, dealing a blow to a key initiative championed by Republican Gov. Florida had asked the high court to narrow a lower court’s injunction that stopped the law from being enforced statewide. The 11th US Circuit Court of Appeals declined Florida’s emergency application for a stay of the district court’s injunction, triggering the state’s ask to the Supreme Court for relief. Since the district court temporarily blocked enforcement of the law, the restaurant has returned to normal operations. The challenge to the law continues at lower courts, and Steve Vladeck, CNN Supreme Court analyst and professor at the University of Texas School of Law, cautioned against drawing broader implications from Thursday’s order.

Persons: Ron DeSantis, Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett, Ashley Moody, –, ”, ” Moody, Moody, Hamburger, Hamburger Mary’s, Steve Vladeck, Kavanaugh, Barrett, ” Vladeck, “ Organizations: CNN, Republican Gov, Conservative, University of Texas School of Law Locations: Florida, Ron DeSantis . Florida, ”, Orlando, “ Florida

The Idaho State Capitol building is seen in Boise, Idaho, U.S., October 29, 2021. REUTERS/Shannon Stapleton Acquire Licensing RightsNov 9 (Reuters) - A U.S. judge has blocked Idaho from enforcing a recently passed law making it a crime to help a minor cross state lines for an abortion without her parents' consent. U.S. Magistrate Judge Debora Grasham in Boise, Idaho, said the law against so-called abortion trafficking, signed by Republican Governor Brad Little in April, violated the rights to free speech and expression under the First Amendment of the U.S. Constitution. The judge also said the law "fails to provide fair notice or ascertainable standard of what is and what is not abortion trafficking." Lourdes Matsumoto, a lawyer and advocate who works with victims of sexual violence, and the Northwest Abortion Access Fund and Indigenous Idaho Alliance, which help people in Idaho access abortion, sued to block the law.

Persons: Shannon Stapleton, Judge Debora Grasham, Brad Little, Raul Labrador, Lourdes Matsumoto, Brendan Pierson, Daniel Wallis Organizations: Idaho State Capitol, REUTERS, Republican, U.S . Constitution, Fund, Indigenous Idaho Alliance, Thomson Locations: Idaho, Boise , Idaho, U.S, U.S ., Washington , Oregon, Montana, New York

NEW ORLEANS (AP) — The Biden administration asked a federal appeals court Tuesday to uphold health care guidance issued in 2022 that says hospitals must provide abortions for women whose lives are at risk due to pregnancy. A federal judge blocked enforcement of the guidance last year after the state of Texas and abortion opponents sued. Opponents of the guidance say Texas law already allows abortions to save the life of the mother, but that the federal guidance went too far, calling for abortions when an emergency condition is not present and eliminating obligations to treat the unborn child. Judge Leslie Southwick appeared skeptical, noting that the guidance was issued shortly after the Supreme Court’s Dobbs v. Jackson Women’s Health Organization ruling that overturned abortion rights. Judge Cory Wilson questioned whether the law applied to abortion care.

Persons: —, Biden, McKaye, Neumeister, Leslie Southwick, Court’s Dobbs, Southwick, Cory Wilson, ” Wilson, ” Neumeister, — Southwick, George W . Bush, Wilson, Kurt Engelhardt, Donald Trump Organizations: ORLEANS, Department, Justice, Department of Health, Human Services, Jackson, Health Organization, Labor, Circuit Locations: Texas

A family navigates the bank of the Rio Grande past razor wire while searching for an entry point into the United States from Mexico, in Eagle Pass, Texas, U.S. July 30, 2023. U.S. District Judge Alia Moses in Del Rio, Texas barred the Biden administration from cutting or removing the wire until at least Nov. 13, as she considers a lawsuit brought by Texas Attorney General Ken Paxton, a Republican, accusing the U.S. government of illegally destroying state property. The concertina wire fencing was installed on private property by the Texas National Guard as part of Operation Lone Star, an initiative launched by Republican Texas Governor Greg Abbott in 2021 aimed at deterring illegal border crossings. Texas, meanwhile, is separately defending its authority to install floating buoys in the middle of the Rio Grande to deter migrants. A federal judge at the Biden administration's request in September ordered the 1,000-foot (305-meter) barrier removed, but an appeals court allowed it to remain in place temporarily while Paxton's office pursues an appeal.

Persons: Adrees Latif, Alia Moses, Biden, Ken Paxton, Moses, Paxton, George W, Bush, Greg Abbott, Daniel Wiessner, Alexia Garamfalvi, David Gregorio Our Organizations: REUTERS, Texas, U.S, Republican, State of, U.S . Department of Justice, Department of Homeland Security, DHS, Texas National Guard, Lone Star, Republican Texas, Customs, Border Protection, Biden, Thomson Locations: Rio, United States, Mexico, Eagle Pass , Texas, U.S, Texas, Del Rio , Texas, State of Texas, . Texas, Albany , New York

☆ Microsoft's $69 billion Activision Blizzard takeover approved by UK, clearing way for deal to close
▼ + stars: | 2023-10-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

The Competition and Markets Authority said it had cleared the deal for Microsoft to buy Activision but without cloud gaming rights. Microsoft offered a spate of concessions, which centered around divesting the cloud rights of Activision games to French game publisher Ubisoft Entertainment. The U.K.'s regulatory U-turnRegulators globally were concerned that the takeover would reduce competition in the gaming market, in particular around cloud gaming. Meanwhile, in the U.S., the Federal Trade Commission was fighting a legal battle with Microsoft in an effort to get the Activision takeover scrapped. "As cloud gaming grows, this intervention will ensure people get more competitive prices, better services and more choice.

Persons: Dado Ruvic, we've, Sarah Cardell, Cardell Organizations: Activision, Markets Authority, Microsoft, CMA, Ubisoft Entertainment, Ubisoft, Netflix, Reuters, Authorities, European Union, EU, Federal Trade Commission, Activision PC Locations: U.S, Europe, U.K

☆ Humana just tapped an Envision exec to be its next CEO as the insurance giant pushes deeper into clinics and home care
▼ + stars: | 2023-10-11 | by ( ) www.businessinsider.com time to read: +6 min

Humana CEO Bruce Broussard will step down next year after more than a decade leading the health-insurance giant. Humana has tapped Jim Rechtin, head of Envision Healthcare, to be its next CEO. Weaving together insurance benefits with care delivery is meant to make healthcare easier for people to navigate and improve patients' health, Broussard said. One example is Humana's recent push into behavioral healthcare, Broussard said. That startup will eventually become part of Humana, Broussard said.

Persons: Bruce Broussard, Jim Rechtin, Broussard, —, Rechtin, " Broussard, Rafael Henrique, Humana Organizations: Healthcare, Humana, Indiana's DePauw University, Harvard, Getty, Aetna, Oak Street Health, Iora, One, General Atlantic Locations: The Louisville , Kentucky, DaVita, Group's California, Kentucky, UnitedHealth

The Utah suit is the latest action challenging the popular app in the United States, with Indiana and Arkansas bringing similar suits. Last month, a federal judge blocked California from enforcing a law meant to protect children when they use the Internet. Utah is seeking civil penalties as well as an injunction prohibiting TikTok from violating state law that protects consumers from deceptive business practices. Congress has been considering legislation for months that would enable the Biden administration to restrict or ban TikTok over concerns of potential spying. TikTok has said it has spent more than $1.5 billion on rigorous data security efforts and rejects spying allegations.

Persons: Shou Zi Chew, Online Harms, Sean Reyes, Reyes, TikTok, Biden, David Shepardson, Rod Nickel Organizations: Energy, Commerce, Safeguard, Online, Capitol, Facebook, Republican, Thomson Locations: Washington , U.S, Utah, United States, Indiana, Arkansas, California, Montana's

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