Tesla Inc. Chief Executive Elon Musk on Tuesday asked a federal judge to terminate his 2018 agreement with the top U.S. securities regulator requiring some of his tweets to be vetted by a lawyer. Musk also asked the judge to block a U.S. Securities and Exchange Commission (SEC) subpoena requesting records of pre-approval of a…
Tesla’s Musk Seeks to End SEC Muzzle on Tweets, Could Face Uphill Battle
Italy’s Antitrust Regulator Fines Google, Apple Over Data Use
November 26, 2021
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ROME—Italy’s antitrust regulator has fined Alphabet’s Google and iPhone maker Apple 10 million euros ($11.2 million) each for “aggressive practices” linked to the commercial use of user data. The authority said in statement the two tech groups did not provide “clear and immediate information” on how they collect and use the data of those who…
US Regulator Reviewing Tesla Owner Complaint on Self-Driving Test Software
November 13, 2021
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WASHINGTON—The U.S. National Highway Traffic Safety Administration (NHTSA) said it is looking into a consumer report that a Tesla Model Y was involved in an accident while using the company’s Full Self-Driving (FSD) Beta software. The owner of a 2021 Tesla Model Y reported to the auto safety agency that on Nov. 3 in Brea,…
Bayer Blasts ‘Unscientific’ Rejection by Mexican Regulator of GMO Corn Permit
October 9, 2021
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MEXICO CITY—Bayer is evaluating its legal options after Mexican health regulators for the first time rejected a GMO corn permit it was seeking, the German pharmaceutical and crop science giant said in a statement to Reuters on Friday, blasting the decision as “unscientific.” Reuters reported earlier in the day that regulator Cofepris rejected the corn…
US Housing Regulator Proposes Tweaks to Capital Rules for Fannie Mae, Freddie Mac
WASHINGTON—The regulator overseeing housing giants Fannie Mae and Freddie Mac proposed on Wednesday changes to recently imposed capital and leverage requirements on the pair. The proposed rule from the Federal Housing Finance Agency would encourage the pair to shift more risk from taxpayers to private investors, while allowing them to support the housing market, the…
US SEC Chair Wants Private Fund Fee Disclosures, Bond Market Transparency: Testimony
September 14, 2021
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WASHINGTON—The chair of the top U.S. securities regulator wants private funds to disclose more information to investors about potential conflicts of interest and the fees they charge, according to congressional testimony published Monday evening. Gary Gensler, chair of the Securities and Exchange Commission (SEC), also wants to impose greater transparency on the corporate bond, municipal…
Ex-Wells Fargo Execs Square Off With US Regulator in Trial Over Phony Account Scandal
WASHINGTON—The Office of the Comptroller of the Currency (OCC), a top U.S. banking regulator, kicked off its civil trial on Monday of three former Wells Fargo & Co. executives over their alleged roles in a scandal involving phony accounts at the San Francisco lender. The proceedings before an in-house OCC judge in Sioux Falls, South…
US Regulator Sues Amazon, Demands Recall of Hazardous Products
The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform. By a 3–1 vote, the CPSC voted to file an administrative complaint saying the Seattle-based e-commerce giant was legally responsible to…
Spanish Regulator Blocks Planned Uranium Mine
MADRID—Spain’s nuclear regulator on Monday blocked Berkeley Energia’s planned uranium mine in the west of the country on safety concerns, in a move that was welcomed by environmental campaigners and sent the company’s stock plunging. The CSN regulator said it took the decision due to a lack of reliability and a high level of uncertainty…
After Child Dies, US Regulator Warns About Peloton Treadmill
NEW YORK—Safety regulators warned people with children and pets Saturday to immediately stop using a treadmill made by Peloton after one child died and others were injured. The U.S. Consumer Product Safety Commission said children and at least one pet were pulled, pinned and entrapped under the rear roller of the Tread+ treadmill, leading to…
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