Companies

Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.

A New York Supreme Court judge dismissed New York City’s lawsuit against major energy companies on Tuesday, ruling that the city’s arguments were contradictory.

Meta CEO Mark Zuckerberg is co-hosting a black-tie reception in Washington, D.C., to celebrate President-elect Donald Trump’s victory.

Animator Buck Woodall filed a lawsuit against The Walt Disney Company earlier this month for copyright infringement, alleging that the films "Moana" and "Moana 2" copied material from his script.

China announced that it added four U.S. companies to its "Unreliable Entity List" for their arms sales to Taiwan.

In the final days of President Joe Biden’s administration, federal officials unveiled a proposal to reduce nicotine levels in cigarettes, a move aimed at curbing addiction and reducing smoking rates. The Food and Drug Administration (FDA) has been working on this initiative for years, marking a significant step in tobacco regulation.

The U.S. Securities and Exchange Commission (SEC) sued Elon Musk over his $44 billion purchase of Twitter, now called X, in 2022.

As the U.S. moves closer to a potential ban on TikTok, a massive influx of users has turned to RedNote, a Chinese social media platform also known as Xiaohongshu.

Amazon has announced significant changes to its diversity, equity, and inclusion (DEI) initiatives, following an internal review. In a memo from Candi Castleberry, Vice President of Inclusive Experiences and Technology, the company stated it is "winding down outdated programs and materials" to integrate DEI efforts into broader company processes. The move reflects a trend in the corporate world as several major companies reevaluate their DEI strategies.

The New York Times editorial board proposed a sweeping plan to resolve America’s immigration challenges, advocating for increased legal migration while sidelining concerns of many Americans. The op-ed, titled “A Big Idea to Solve America’s Immigration Mess,” frames migrants as essential for economic growth while casting native-born Americans as a declining population incapable of meeting labor demands.