Big Tech Antitrust Push in Congress Is Blunted by GOP-Led House
The new GOP House majority is turning away from last year’s bipartisan efforts to rein in the dominance of the largest tech companies with a change in leadership on a key panel.
Bloomberg Business
NHS Set to Announce Plan to Reduce UK Emergency Waits
Britain’s under-pressure National Health Service will publish a plan on Monday setting out how it will cut ambulance and accident and emergency waiting times this year, people familiar with the plans said.
Federal Reserve Says It Won’t Approve US Crypto Firm’s Membership
Crypto firm Custodia Bank Inc.’s application to become a member of the US Federal Reserve has been denied, setting up a roadblock in the company’s bid to get coveted access to the central bank’s payment system.
California Storms Have Farmers Rushing to Avoid Crop Shortfall
California farmers are facing costly damages from weeks of severe storms that may trigger more expensive US fruits and vegetables in a time of massive food inflation.
Yellen Says Raising Debt Limit Is Only Solution to Avoid Fiscal Crisis
Treasury Secretary Janet Yellen said the only solution to avoid a US default crisis is for Congress to increase the federal debt limit, avoiding engaging with other proposed stopgap measures including short-term extensions or spending cuts.
Peru’s Violent Protests Imperil 30% of Its Copper Output
An upsurge in the violent protests wracking Peru is crimping copper output in the world’s No. 2 supplier, with about 30% of its production at risk at a time of low global stocks and high prices.
Hunt Tells Sunak UK Inflation May Not Fall as Quickly as Hoped
(Bloomberg) — Chancellor of the Exchequer Jeremy Hunt told UK cabinet colleagues that getting inflation below 5% this year will be difficult, insisting the government has to hold the line on fiscal discipline at his budget in March.
Boeing Plans to Hire 10,000 This Year, Reversing Covid-Era Cuts
(Bloomberg) — Boeing Co. added nearly 15,000 employees in 2022 and plans to hire another 10,000 workers this year, reversing the steep headcount reductions it made earlier this decade to preserve cash while the Covid-19 pandemic and 737 Max grounding flattened jet sales.
McCarthy Critic Gets Plum House Judiciary Surveillance Gavel
Republican Andy Biggs, who unsuccessfully challenged Kevin McCarthy in the House speaker race, will lead the Judiciary subcommittee on crime and federal government surveillance.
Janet Yellen Sees Recession Risk Even With Improving Inflation, Jobs
Treasury Secretary Janet Yellen said she’s encouraged by recent US data on inflation and jobs but conceded the economy is at risk of recession amid high interest rates.
