Blue Origin successfully completed its fifth human spaceflight that sent six people to suborbital space on Saturday, including Katya Echazarreta, the first Mexican-born woman to fly into space. The New Shepard program mission called NS-21, launched from the company’s West Texas site at 9:25 a.m. EDT (1325 GMT), when its rocket vehicle lifted off from…
Musk Deal for Twitter Dodges Lengthy US Antitrust Review
Twitter Inc. said on Friday that the U.S. antitrust waiting period for Elon Musk’s $44 billion acquisition of the social media giant had expired, indicating it had dodged a lengthy review of the proposed deal. With the expiration, completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders…
Japan Tech Giant Toshiba Studying Going Private as an Option
TOKYO—Toshiba executives said Friday that privatization remains an option for the Japanese technology company, as they defended their efforts to choose the right bidder to restore what they called “a strong Toshiba.” Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. The company has not given the nationalities or other details…
Walmart Says Some Suppliers Working With Retailer to Cut Prices
BENTONVILLE, Ark.—Senior Walmart Inc. executives said on Friday some suppliers have been responding to the largest U.S. retailer’s efforts to lower prices despite their own struggles with high inflation, material and labor costs. Investors have questioned Walmart’s ability to ask suppliers to offer price reductions when they too are focused on protecting margins in the…
Amazon Executive Behind Its Massive Delivery Operation to Leave After 23 Years
Dave Clark, the executive who made Amazon.com Inc. into a worldwide delivery behemoth, is stepping down as chief executive of the online retailer’s consumer business to pursue other opportunities, the company said on Friday. Amazon CEO Andy Jassy said he expects to name a replacement in the next few weeks and that the company has…
Walmart to Add 4,000 Jobs With 4 New US Fulfillment Centers
Bentonville, Ark.—Walmart Inc. announced plans on Thursday to open four new fulfillment centers in the United States over the next two years, creating 4,000 new jobs that will expand its delivery network and make workers’ jobs easier. The moves come as companies struggle to find and retain workers in a tight labor market. The nation’s…
Washington Post Admits Claims in Article About YouTubers Were Inaccurate
The Washington Post has admitted that it did not reach out to the subject of an article before publication, despite initially claiming that it did. Columnist Taylor Lorenz wrote that she asked a YouTube personality with the moniker ThatUmbrellaGuy for comment before the publication of her piece, which claimed that the person and similar accounts…
Fed Chair Powell to Testify at Senate June 22, Barr Vote Set for June 8
Federal Reserve Chair Jerome Powell will give his twice-yearly report on monetary policy to the U.S. Senate on June 22, just a week after the central bank is expected to deliver another half-point interest rate hike as it seeks to bring inflation under control. The Senate Banking Committee also said it would hold a vote…
Biden Administration to Reverse Trump-Era Water Rule That Kept States from Blocking Energy Projects
The Biden administration has proposed a new rule that would give states more power to oppose energy projects and other infrastructure through control of water quality permits, rolling back a Trump-era regulation that made it harder for such projects to be blocked. The Environmental Protection Agency (EPA) said on June 2 that it has put…
Two Reuters Journalists Injured, Driver Killed in East Ukraine
June 4, 2022
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Two Reuters journalists were injured and a driver killed on Friday after the vehicle they were in came under fire while heading to the eastern Ukrainian city of Sievierodonetsk, the latest battle line in Russia’s assault on Ukraine. Photographer Alexander Ermochenko and cameraman Pavel Klimov were traveling in a car provided by Russia-backed forces on…
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