Regulation and Deregulation of Industry
R.J. Reynolds Pivots to New Cigarette Pitches as Flavor Ban Takes Effect
R.J. Reynolds has wasted no time since California’s ban on flavored tobacco went into effect in late December. “California, We’ve Got You Covered,” the company declared in bold letters on a flier mailed to its cigarette customers. The law prohibits flavors, odors or “tastes” in tobacco products, including menthol cigarettes. But antismoking experts argue that […]
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What’s Twitter’s Future? The Former Head of Trust And Safety Weighs In
Regulators have significant tools at their disposal to enforce their will on Twitter and on Mr. Musk. Penalties for noncompliance with Europe’s Digital Services Act could total as much as 6 percent of the company’s annual revenue. In the United States, the F.T.C. has shown an increasing willingness to exact significant fines for noncompliance with […]
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Why an Aging Casino Company Embraced Barstool’s David Portnoy
Regulators in 13 states have permitted Penn to offer Barstool-branded sports betting, with four states also allowing digital casino games. Penn also has introduced Barstool bars and sports-betting venues in 12 locations. The results for Penn have been mixed. The Barstool betting app is the seventh-largest in the country by revenue, according to research firm […]
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Officials Wrestle With Whether to Allow New Monkeypox Vaccination Strategy
WASHINGTON — It sounded like a simple solution to the shortage of monkeypox vaccine: Merely by changing the way doses are injected, the federal government could vaccinate five times as many people with the supply it has in hand. But the approach — injecting one-fifth of the current dose into the skin instead of a […]
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The Crypto Market Crashed. They’re Still Buying Bitcoin.
“If you call out someone’s risks they’re taking, and they’re otherwise healthy, you can be accused of creating a run on the bank or being a troll,” said Michael Saylor, the chief executive of MicroStrategy, a software company that has built up a large Bitcoin reserve. “It’s kind of hard to explain this theoretically before […]
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Who’s to Blame for a Factory Shutdown: A Company, or California?
VERNON, Calif. — Teresa Robles begins her shift around dawn most days at a pork processing plant in an industrial corridor four miles south of downtown Los Angeles. She spends eight hours on her feet cutting tripe, a repetitive motion that has given her constant joint pain, but also a $17.85-an-hour income that supports her family. […]
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F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta
WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein in the power of the largest technology companies in a dramatically new way. “We’re trying to be forward looking, anticipating problems and taking fast action,’’ Ms. Khan said in an interview last month. She promised […]
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3 Senate Hopefuls Denounce Big Tech. They Also Have Deep Ties to It.
For Republicans running for the Senate this year, “Big Tech” has become a catchall target, a phrase used to condemn the censorship of conservative voices on social media, invasions of privacy and the corruption of America’s youth — or all of the above. But for three candidates in some of the hottest races of 2022 […]
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Kraken, a U.S. Crypto Exchange, Is Suspected of Violating Sanctions
Kraken, one of the world’s largest cryptocurrency exchanges, is under federal investigation, suspected of violating U.S. sanctions by allowing users in Iran and elsewhere to buy and sell digital tokens, according to five people affiliated with the company or with knowledge of the inquiry. The Treasury Department’s Office of Foreign Assets Control has been investigating […]
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