X sues advertisers over alleged illegal boycott in Texas
Elon Musk's X accuses the World Federation of Advertisers and members Unilever Mars CVS Health Ofsted of coordinating a massive boycott that cost billions and violated antitrust laws. The suit, filed in a Texas federal court, cites the Global Alliance for Responsible Media and ties to Musk's 2022 Twitter takeover.
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Boeing hearing probes door plug blowout on Alaska flight
NTSB opens a two day hearing as Boeing factory workers allege pressure to rush work and lack of training on door plug panels tied to the Jan. 5 Alaska Airlines 737 Max incident. Investigators review 3000 pages amid concerns about safety culture and paperwork gaps.
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Stocks bounce back on Wall Street after global routs
U.S. stocks rose as the S&P 500 gained 1 percent and the Dow added 294 points while the Nasdaq rose 1 percent. Kenvue jumped 14.7 percent Uber gained 10.9 percent and Caterpillar climbed 3 percent on stronger profits. Tokyo stocks recovered after the Bank of Japan’s rate move and yen swings. Barclays strategists cited a “perfect storm” behind the wild moves.
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Anshul Gupta
Energy Dept awards 2.2B in grid resilience grants across eight projects
The Energy Department will award 2.2 billion dollars in Grid Resilience and Innovation Partnerships grants from the 2021 infrastructure law to eight projects spanning 18 states. The funding aims to add 13 gigawatts of capacity including 4,800 megawatts of offshore wind, with a major 700 million dollar project in North Dakota and Montana to build a 3,000 megawatt HVDC link. Additional California projects reconductoring lines and tribal microgrids, a New England offshore wind and storage upgrade, and two other programs to strengthen the grid. Granholm highlighted hurry to harden aging infrastructure amid record heat.
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