US president Joe Biden has tapped Lina Khan, a prominent critic of the power of large technology companies, to chair the Federal Trade Commission, according to a person familiar with the matter. The decision elevates the 32-year-old Columbia University Law School professor to a powerful antitrust role in the Biden administration, as lawmakers in Congress…
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About 82,000 former Ballad Health patients will soon have almost $278 million worth of outstanding bills eliminated under an agreement with a charity that buys and forgives the debt. The agreement with Ballad, a not-for-profit system based in Johnson City, Tenn., marks RIP Medical Debt’s first debt purchase directly from a hospital. RIP previously only…
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Location-based services may have had their day as a salient category for hot apps or innovative tech leveraging the arrival of smartphones, but that’s largely because they are now part of the unspoken fabric of how we interact with digital services every day: we rely on location specific information when we are on search engines,…
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Governor Andrew Cuomo announced that New York state is ending all Covid-19 restrictions across commercial and social settings. Once a hotspot for the virus, New York has reached its 70 per cent vaccination rate for adults across the state, Cuomo said during a press conference on Tuesday at One World Trade Center. New York has…
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Britain’s biggest investor has dropped AIG from some of its funds over concerns that the US-based insurance group has “insufficient” policies in place over climate change risks. Legal and General Investment Management said on Tuesday that it would divest several of its holdings from its actively managed portfolios after “unsatisfactory responses” to and “breaches of…
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Mercuria is to direct half its investments into energy transition projects as the commodity trader prepares for an aggressive shift away from fossil fuels. “We have committed as a company that, within five years, 50 per cent of all investments are going to be for the energy transition,” co-founder Marco Dunand told the FT Commodities…
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Nuro, the autonomous delivery startup founded in 2016 by former Google engineers Dave Ferguson and Jiajun Zhu, is expanding into parcel logistics through a partnership with FedEx. The multi-year, multi-phased strategic partnership announced Tuesday aims to test and ultimately deploy Nuro’s second-generation R2 autonomous delivery vehicle within FedEx operations. Unlike others in the autonomous vehicle…
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Even in a sector the size of the US tech industry, individuals can make a difference. Elon Musk moves bitcoin prices with a single tweet. Jeff Bezos has put pressure on US minimum wages by raising Amazon’s hourly rate. Lina Khan may beat them both by shaping a new era of antitrust policy. Yet tech…
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Environmental activists are pushing a European court to rule that Norway’s drilling for oil in the Arctic breaches their and future generations’ human rights in the latest legal challenge to fossil fuel exploitation. Norwegian courts found three times that the government had not broken the country’s constitution and its right to a healthy environment by…
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