LA, Long Beach Port Terminal Closures Stretch to Second Day
The largest container gateway into the US remained closed Friday as a shortage of dockworker labor that halted operations Thursday evening went into a second day.
Bloomberg Business
Supreme Court’s Thomas Says He Heeded Gift Disclosure Rules
Supreme Court Justice Clarence Thomas defended himself against allegations that he may have violated the law by not reporting vacations paid for by a billionaire Republican donor, saying he’d been told he didn’t have to report the trips.
McDonald’s Reduces Some Employees’ Compensation Amid Job Cuts
McDonald’s Corp. reduced some employees’ compensation and titles as part of the restructuring this week that cost hundreds of workers their jobs, according to a person familiar with the situation.
Texas’s Plan to Avoid Deadly Blackouts Could Cost $18 Billion
A fleet of new natural gas-fired power plants in Texas may cost $18 billion, much more than an earlier estimate, as lawmakers attempt to improve the state’s electric grid after its deadly failure in 2021.
BAT Invests $10 Million in Venture for CBD Brain Drug
British American Tobacco has made another investment in cannabis as part of its push to diversify away from cigarettes, this time partnering with CBD firm Charlotte’s Web to develop a drug for an undisclosed neurological condition.
Russia Formally Charges US Journalist With Spying, Tass Says
Russia has formally charged Wall Street Journal correspondent Evan Gershkovich with spying, Russian state media reported, citing people familiar with the case.
Fed Traders Eye CPI After Jobs Data Boost Odds of a May Hike
Bond traders are betting that the Federal Reserve probably has one more interest-rate hike to go in this tightening cycle as the economy shows resilience — for now at least — despite recent banking turmoil.
Four Democrats Seek DOJ Probe of Warner Bros. Discovery Merger
Four Democratic members of Congress on Friday asked the Department of Justice to investigate Warner Bros. Discovery over alleged anticompetitive practices a year after the company’s merger.
Exxon, Pioneer Held Preliminary Talks Over Possible Deal: WSJ
Oil giant Exxon Mobil Corp. has held preliminary talks with Pioneer Natural Resources Co. over a possible acquisition of the fracking company, the Wall Street Journal reported, citing people with knowledge of the matter.
Biden Condemns ‘Shocking’ Tennessee Expulsions Over Gun Furor
President Joe Biden condemned Tennessee Republicans’ expulsion of two lawmakers who protested a deadly Nashville school shooting last week, calling the episode unprecedented and criticizing GOP leaders for refusing to enact tighter gun-control laws.
