AP Top Business News at 8:25 p.m. EDT
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
The European Union has deepened the investigation of Elon Musk-owned social network, X, that it opened back in December under the bloc's online governance and content moderation rulebook, the Digital Services Act (DSA). On Wednesday, the Commission said it had sent X a formal request for information (RFI) under the DSA, seeking more details about aspects of the ongoing probe. The investigation is on illegal content risks, manipulative design, shortcomings in ads transparency, and platform data access for researchers.
The ransomware attack that has engulfed U.S. health insurance giant UnitedHealth Group and its tech subsidiary Change Healthcare is a data privacy nightmare for millions of U.S. patients, with CEO Andrew Witty confirming this week that it may impact as much as one-third of the country. As one of the largest healthcare companies in the U.S., UnitedHealth is well known domestically, intersecting with every facet of the healthcare industry from insurance and billing and winding all the way through the physician and pharmacy networks -- it's a $500 billion juggernaut, and the 11th largest company globally by revenue.
Instead, two different employees put him on hold until Beth, from HR, answers the call. “Hi, Beth, how are you doing?” the hacker said. After a minute in which the two have trouble hearing each other, Beth tells the hacker that she is not familiar with the data breach that the hacker claimed.
U.K. regulator Ofcom is investigating OnlyFans, an online adult content subscription service, for failing to prevent children from accessing pornography through the platform. Ofcom, the official regulatory body for the U.K.'s broadcasting, telecommunications and postal industries, says it has grounds to suspect that OnlyFans' parent company, Fenix International Limited, failed to implement age-verification measures sufficiently. The regulator is also investigating whether Fenix may have provided incomplete or inaccurate information as part of two information request notices issued by Ofcom — one in June 2022, and another in June 2023.
Huawei has been secretly funding research in America after being blacklisted. The company has been funneling money through a Washington-based foundation and a research competition at universities.
The European Union is getting ready to launch a new investigation into Meta over its handling of election-related content.
In the face of media upheaval, some users welcome an end to a crucial part of the digital ads business.
Four months behind bars and a massive fine, that's what CZ is getting from the government for his crypto exchange's misdeeds. There's effort by some in crypto to promote the technology element of blockchains over their well-reported ability to generate new gambling opportunities. Chris Dixon of a16z frames this in "computer vs. casino" terms, which I think is reasonable.
Meta said on Monday that it plans to "temporarily" shutter Threads in Turkey from April 29, in response to an interim injunction imposed by the Turkish competition authority last month over the way Meta shares data between Threads and Instagram. The Turkish Competition Authority (TCA), known as Rekabet Kurumu, noted on March 18 that its investigations found that Meta was abusing its dominant market position by combining the data of users who create Threads profiles with that of their Instagram account — without giving users the choice to opt in.
The Federal Trade Commission voted 3-2 this week to ban noncompete agreements. While the FTC estimates that nearly one in five American workers is subject to a noncompete, these agreements haven’t been a huge issue in Silicon Valley, because they’re not enforceable in California. This has arguably been one of the region’s competitive advantages, as it allows employees to start something new without worrying (in most cases) that they’ll have to spend the next few years battling their old employer in court.
Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. The rules governing trust accounts just changed.
Ryan says he would be writing in a Republican candidate instead of voting for Donald Trump.
With free agency and the draft behind us, what 32 teams look like today will likely be what they look like Week 1 and beyond for the 2024 season. Matt Harmon and Scott Pianowski reveal the post-draft fantasy power rankings. The duo break down the rankings in six tiers: Elite offensive ecosystems, teams on the cusp of being complete mixed bag ecosystems, offensive ecosystems with something to prove, offenses that could go either way, and offenses that are best to stay away from in fantasy.
The Cardinals' nightmare season continues.
It’s key to note that we’re not saying the “best team” or “best roster.” Instead, we’re talking about the best confluence of factors that can outline a path for survival and then success.
The energy transition will benefit companies providing electrical needs for surging demand. Analysts point to these three stocks as a Buy.
Dan Devine and Adam Mares discuss the Denver Nuggets and Minnesota Timberwolves after Monday night’s game 2.
Jake Mintz & Jordan Shusterman discuss the Padres-Marlins trade that sent Luis Arraez to San Diego, as well as recap all the action from this weekend in baseball and send birthday wishes to hall-of-famer Willie Mays.
Doyel is also reportedly suspended for two weeks without pay.
Phil Mickelson hints that big changes could be coming to LIV Golf's rosters, and the majors will need to pay attention.