Friday, January 21, 2022

Business Report: Apple’s Tim Cook, Alphabet’s Sundar Pichai personally lobbied against Big Tech bill

January 21, 2022: Pelosi open to stricter stock trading rules for members of Congress
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Apple's Tim Cook, Alphabet's Sundar Pichai personally lobbied against Big Tech bill
Apple CEO Tim Cook and Alphabet CEO Sundar Pichai both personally lobbied members of the Senate Judiciary Committee to vote against legislation that would begin…
Pelosi open to stricter stock trading rules for members of Congress
Nancy Pelosi maintained that she has "great confidence in the integrity of my members," but noted she would consider additional restrictions if proposals gained support.
Peloton delays opening of $400 million US factory as demand tanks: source
The Troy Township, Ohio, factory will now open in 2024 rather than 2023, with the delay expected to save between $100 million and $200 million…
Netflix shares tumble on slowing subscriber growth
Netflix reported slowing subscriber growth on Thursday, sending its share price tumbling nearly 20% in after-market trading.

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Luminar stock surges 23% on Mercedes self-driving deal
Luxury carmaker Mercedes-Benz will partner with self-driving sensor makerLuminarTechnologies to enable fully automated driving on highways for its next-generation vehicles,Luminar's founder said.
Mortgage rates rise to highest levels since start of pandemic
People signing papers for a new home loan will pay the highest interest rates since the start of the pandemic, according to new data released…
McDonald's, Beyond Meat collaborating for McPlant veggie burger
McDonald's will be offering its new vegan burger developed with Beyond Meat at some 600 select restaurants in Texas and California.

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