AP Business Roundup at 10:37 pm EST | News

AP Business Roundup at 10:37 pm EST |  News

Musk’s partisan tweets question Twitter’s neutrality

Elon Musk used his Twitter megaphone to appeal to “independent-minded voters” on Monday, urging them to vote Republican in the US midterm elections as it would not be seen as favoring one side over the other. While Musk, who bought Twitter for $44 billion, has expressed political views in the past, such direct endorsement of one party over another raises concerns about Twitter’s ability to remain neutral under Musk’s rule.

Twitter’s small staff fights misinformation

Twitter is struggling to respond to political misinformation and other damaging posts on the social media platform after Elon Musk laid off roughly half of his workforce just days before the US midterm elections, according to the employees who survived the cuts; and an outside voting rights group. The recent mass layoffs saved many of the people whose job it is to keep hate and misinformation off the social media platform. But in preparation for the layoffs, employees said the company has also slashed the number of employees who can view the history and digital behavior of a specific account, a practice necessary to investigate whether it has been used maliciously.

City or civility? Elon Musk’s Twitter at a crossroads

Speech has never been so civilized on Twitter. The louder voices often drown out the softer, more nuanced takes; after all, it’s much easier to tweet in anger at a perceived enemy than it is to try to find common ground, whether the discussion is about transgender kids or baseball. While a certain amount of chaos is to be expected after a corporate takeover, Elon Musk’s shady plans for Twitter, especially around disinformation and hate speech, are raising alarm bells about where one of Twitter’s information ecosystems is headed. highest profile in the world. All that seems certain is that, for now at least, as Elon Musk says, so does Twitter.

Musk threatens to kick copycats out of Twitter accounts

BOSTON (AP) — Elon Musk says Twitter will permanently suspend any account that poses as another. The social media platform’s new owner issued the warning Sunday after some celebrities changed their Twitter display names, not their account names, to ‘Elon Musk’ in reaction to the billionaire’s decision to offer verified accounts. to all comers for $8 a month. Comedian Kathy Griffin had her account suspended Sunday for changing her display name to Musk. Actress Valerie Bertinelli did the same before changing it back to her real name. But first, she posted a series of tweets in support of the Democratic candidates.

California settles with company in Volkswagen emissions scandal

SACRAMENTO, Calif. (AP) — California has settled a lawsuit against a German company stemming from the emissions scandal that affected Volkswagen and Fiat Chrysler. German auto supplier Bosch will pay $25 million to settle charges from the state and the California Air Resources Board under a lawsuit and settlement agreement filed Monday. Volkswagen and Fiat Chrysler installed devices that made vehicles appear to meet emissions requirements. But the vehicles actually polluted many times the legal limit. The complaint says that Bosch knew or should have known that automakers were violating environmental and consumer protection laws. The company does not admit responsibility.

Wall Street rises ahead of Election Day, inflation data

NEW YORK (AP) — Stocks surged on the eve of Election Day as Wall Street anticipated the benefits of a possibly divided government in Washington, though trading is likely to remain choppy in a week filled with events that could rock the market. The S&P 500 rose 1% on Monday, while the Dow Jones Industrial Average gained 1.3% and the Nasdaq Composite added 0.9%. Analysts say many investors appear to be betting that Republicans will take control of at least one house of Congress. With a divided government, gridlock is more likely than sweeping, sweeping policy changes that could upset fiscal and spending plans.

Walgreens push toward comprehensive care gains momentum

Walgreens expanded its push toward more comprehensive health care with its VillageMD unit by acquiring another primary and urgent care chain, Summit Health-CityMD, in a deal worth nearly $9 billion. Walgreens and rival CVS, two retail chains with thousands of locations, have evolved in recent years with a greater focus on general care for customers, trying to help them avoid chronic illnesses and costly hospital stays. The deal to combine VillageMD and CityMD comes just two months after CVS Health said it would pay about $8 billion to acquire Signify Health, a technology company that sends doctors and other care providers to people’s homes.

Apple Says iPhone Supplies Affected by Antivirus Restrictions in China

BEIJING (AP) — Apple Inc. is warning customers they will have to wait longer to get their latest iPhone models after antivirus restrictions were imposed on a contractor’s factory in central China. The company gave no details, but said the Foxconn-operated factory in the central city of Zhengzhou is “operating at significantly reduced capacity.” Apple said it expects lower shipments of the iPhone 14 Pro and iPhone 14 Pro Max models than previously anticipated. He said customers “will experience longer wait times.” Foxconn Technology Group earlier said it had imposed anti-virus measures at the factory in Zhengzhou following virus outbreaks. Foxconn said Monday it will lower its outlook for the fourth quarter and is working to resume full capacity.

Americans convicted in Japan of Ghosn escape return home

TOKYO (AP) — The lawyer for an American father and son convicted in Japan of helping former Nissan chairman Carlos Ghosn escape to Lebanon says they have been returned to the United States. Michael Taylor was sentenced last year to two years in prison. while his son Peter Taylor was sentenced to 20 months. They were accused of aiding a criminal in the Ghosn exodus in December 2019, while awaiting trial on various counts of financial misconduct. Paul V. Kelly, the Taylors’ attorney, said Tuesday that Michael Taylor could be released before a scheduled Jan. 1 release from a federal facility, while Peter Taylor was released and is back in Massachusetts.

Brooklyn Nets owners launch program for minority-led startups

NEW YORK (AP) — Clara Wu Tsai, co-owner of the Brooklyn Nets, launched the largest business accelerator for minority founders of early-stage startups on Monday. Called BK-XL, the accelerator will invest up to $500,000 each in 12 startups led by Black, Native American and other founding minorities in 2023. The accelerator is another part of her racial justice work, with her husband Joe Tsai, to improve mobility. minority economy. Because they own the Brooklyn Nets and Barclays Center in Brooklyn, they have decided to focus their donations and investments on economic mobility in the New York City borough as well to maximize their impact.

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