Stocks rise to start a week of earnings reports
U S stock indices climbed as results from Amazon Apple and others loom this week with about a third of the S P 500 due to report first quarter earnings. Dominos Pizza rose while SoFi fell on lighter guidance and inflation fears linger.
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Tesla gains after China hints at driving software approval
Tesla shares surge over 15 percent after reports that Beijing tentatively approved its Full Self-Driving software for release in China. The move follows Elon Musk meetings with officials during the Beijing auto show amid ongoing Auto Pilot recall scrutiny and production challenges.
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Senate, House Strike 105 Billion Air Travel Safety Bill
Negotiators reach a five year FAA safety bill worth 105 billion dollars to add air traffic controllers and new collision avoidance tech. It bars extra charges for families sitting together and triples fines for consumer-law violators while leaving some Biden protections out. The measure includes a five flight per day cap at Reagan National and extends FAA power while facing extension deadlines and potential unrelated add ons. Delta CEO Ed Bastian supported the five daily flights compromise.
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FDA targets more accurate lab tests with phased oversight
The FDA finalizes rules to bring new high risk and some ongoing lab tests under federal oversight within 3.5 years for high risk tests and four years for lower risk tests. Existing tests remain grandfathered while all labs must register and report problems.
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