AP Top Health News at 3:05 p.m. EDT
Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers
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Yahoo SportsDocs: NCAA could face $20B in damages, bankruptcy if proposed settlement offer isn't agreed upon
The potential settlement is believed to be in its final stages of adoption and consists of back pay, a new compensation model and an overhaul of the NCAA scholarship system.
- Autoblog
UPS and FedEx find it harder to replace gas guzzlers than expected
Shipping companies like UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers.
- Yahoo Finance
Re-vote on Elon Musk’s pay could expose Tesla to even more legal trouble
Tesla is likely in for some fresh legal entanglements after recommending stockholders vote to reinstate Elon Musk’s compensation package.
- Yahoo Finance
The ending of Google's monopoly trial has Silicon Valley on edge
Google has a lot at stake as a federal judge weighs whether the tech giant’s search empire should be broken up. But so does the rest of Silicon Valley.
- Autoblog
Cadillac aims high with new limited build programs
GM's Artisan Innovation Center at its Warren, Michigan, Tech Center is home to a team of skilled tradespeople who hand-build cars from the ground up.
- TechCrunch
Fisker stiffed the engineering firm developing its low-cost EV and pickup truck, lawsuit claims
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. In the weeks that followed, Fisker stopped paying the engineering firm that helped develop those vehicles, according to a previously unreported lawsuit filed in federal court this week.
- Yahoo Sports
Nevada Supreme Court panel rules in favor of NFL in Jon Gruden lawsuit; case to go to arbitration pending appeal
Barring a successful appeal, Gruden's dispute with the NFL will be settled behind closed doors.
- Engadget
FCC fines America's largest wireless carriers $200 million for selling customer location data
The Federal Communications Commission has slapped the largest mobile carriers in the US with a collective fine worth $200 million for selling access to their customers' location information without consent.
- Yahoo Finance
Gas prices: Why one US region will see 'stiff increases' this week
New England will be the latest region to see gasoline prices spike higher.
- Yahoo Finance
JPMorgan just gave itself an $8 billion boost
An exchange of shares in Visa provides JPMorgan an unrealized gain of $8 billion, giving the nation's largest bank a shot to once again out-earn rivals during the second quarter.
- Yahoo Finance
Retirement confidence in the US ticks up; new rule for financial advisers is set to start
Two-thirds of Americans reported that they feel confident they have enough money for a comfortable retirement, up a notch from last year.
- Engadget
Apple’s big AI rollout at WWDC will reportedly focus on making Siri suck less
Apple will reportedly focus its first round of generative AI enhancements on beefing up Siri’s conversational chops. The company will reportedly roll out a new version of Siri powered by generative AI at its WWDC keynote on June 10.
- TechCrunch
Luminar cuts 20% of staff and outsources lidar production
Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more "asset-light" business model, as it aims to scale production. Luminar is also cutting ties with "the majority" of its contract workers. "Today, we stand at the crossroads of two realities: the core of our business has never been stronger across technology, product, industrialization, and commercialization; yet at the same time the capital markets perception of our company has never been more challenging," billionaire founder and CEO Austin Russell said in a letter posted to Luminar's website.
- Yahoo Finance
Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans
The company is planning to introduce new menu items, loyalty offerings, and more, but it likely falls short of what's needed for a turnaround.
- Yahoo Finance
Wall Street bosses tested by calls to strip them of power
Some of Wall Street’s most powerful bosses are facing new shareholder proposals this spring that would strip them of power by separating CEO and chairman seats.
- TechCrunch
Google's 3D video conferencing platform, Project Starline, is coming in 2025 with help from HP
In 2021, Google kicked off work on Project Starline, a corporate-focused teleconferencing platform that uses 3D imaging, cameras and a custom-designed screen to let people converse with someone as if they were in the same room -- more or less. In a blog post published ahead of Google I/O, Google said that it'll collaborate with HP to start commercializing Starline sometime in 2025. Google's also working to integrate Starline with popular videoconferencing services like Zoom and Google Meet, the company says.
- Engadget
Google asks court to reject the DOJ’s lawsuit that accuses it of monopolizing ad tech
Google filed a motion on Friday in a Virginia federal court seeking summary judgment for the Department of Justice's antitrust case against it. The DOJ sued Google at the beginning of 2023 for alleged monopolistic practices.
- Yahoo Finance
Big Oil is doing way better under Biden than under Trump
Trump is a friend of Big Oil, but energy firms had some of their worst years ever during the Trump presidency.
- TechCrunch
Electricity Maps calculates the carbon intensity of electricity consumption to optimize usage at scale
If you’re an electricity nerd, chances are you’ve already spent quite a few hours looking at Electricity Maps and its mesmerizing export flow animations. This open source data visualization project has been around since 2016. There are currently 20 people working for Electricity Maps and the company has been profitable for a few years.
- Yahoo Finance
Starbucks stock plunges 14% after badly missing its Q2 earnings estimates
Starbucks' decaf-like start to the year continues into the second quarter.