Elon Musk’s xAI faces lawsuit over Mississippi power plant tied to AI data centers The Times of India
from news.google.com
06 Market
An advisory firm that counsels the largest institutional investors on how to vote at shareholder meetings is recommending investors support Warner Bros. Discovery’s $77.7 billion acquisition by Paramount Skydance but is against a golden-parachute proposal that would see executives collect a total of $1.35 billion after the deal goes through.
In a report issued on Wednesday, Institutional Shareholder Services (ISS) said support for the “extraordinary golden parachute” proposal, which it valued at $886.8 million in payments for Warner Bros. CEO David Zaslav and $466.2 million for the other executives, wasn’t warranted. ISS took issue with an “excise tax grossup” estimate of $335 million for Zaslav and hundreds of millions he stands to collect just because the deal between the two companies is happening.
It’s unclear if Zaslav will have a future role at the combined entity or with one of its affiliates or if he will continue on in a senior role. When Warner Bros. was weighing rival offers from David Ellison’s Paramount Skydance and Netflix last year, Ellison and his father, Oracle co-founder Larry Ellison, dangled a compensation package worth “several hundred million dollars” to Zaslav, according to the deal disclosures. David Ellison also floated Zaslav becoming chairman of the combined company’s board, and then upped it to a co-CEO and co-chairman title.
Germany’s fiscal problems are no longer confined to Berlin — they are now most visible in the country’s towns and cities, where local governments have recorded their worst deficit since reunification.
According to a DeStatis press release on Tuesday, municipal finances deteriorated sharply in 2025, with the deficit climbing to €31.9 billion, up from €24.8 billion the previous year. While revenues rose to €391.4 billion, an increase of 4.1 percent, spending grew even faster to €423.3 billion, widening the gap between income and expenditure to unprecedented levels.
As the United States-Israel war on Iran — paused for two weeks on Wednesday amid fresh diplomatic talks — has roiled the global economy for more than a month, Iran and China have seized the opportunity to address a shared gripe about the global financial system.
Their common cause: ending the hegemony of the US dollar.
News24 | Trump pushes for Strait of Hormuz reopening without tolls, White House says– www.news24.com
US President Donald Trump wants to see the Strait of Hormuz open up for oil tankers and other traffic without any limitations, including tolls, White House spokeswoman Karoline Leavitt said on Wednesday.
from www.news24.com
The Trump administration is eliminating Obama-era off-cycle credits that incentivized automakers to install automatic start-stop technology in vehicles, effectively killing what many drivers consider one of the most annoying features of newer models.
Modern electronics power everything from smartphones to satellites, but they all share a major limitation. Heat. Once temperatures climb above roughly 200 degrees Celsius, most devices begin to break down. For decades, this thermal barrier has been one of the toughest challenges in engineering.
Researchers at the University of Southern California now believe they have found a way past that limit.
The Wall Street Journal, which famously floats trial balloons for corporate behemoths, is carrying water for the poor AI companies who are so, so disliked:
OpenAI this week published a populist wish list of policy proposals that zero in on worries like job replacement and wealth concentration, floating such ideas as a four-day workweek and an AI-invested public-wealth fund distributed to citizens.
Those proposals come as its rival Anthropic has been signing partnerships and building tools for such sectors as consulting and software, where share prices have been whacked by investor worries that they will be replaced by AI. Anthropic’s efforts have helped push back up shares of tech companies including LegalZoom.com LZ 3.84%increase; green up pointing triangle.
Anthropic and OpenAI are each pursuing ventures to help private equity, a big owner of companies in sectors ripe for disruption, with AI transformation. (Those efforts could also yield lucrative new business customers.)
We evolved for a linear world. If you walk for an hour, you cover a certain distance. Walk for two hours and you cover double that distance. This intuition served us well on the savannah. But it catastrophically fails when confronting AI and the core exponential trends at its heart.
From the time I began work on AI in 2010 to now, the amount of training data that goes into frontier AI models has grown by a staggering 1 trillion times—from roughly 10¹⁴ flops (floating-point operations‚ the core unit of computation) for early systems to over 10²⁶ flops for today’s largest models. This is an explosion. Everything else in AI follows from this fact.
Shippers looking to revive the passage of tankers through the Strait of Hormuz were seeking clarity on the logistics on Wednesday, while refiners inquired about new crude loadings, in response to a ceasefire deal between the U.S. and Iran.
Most stranded oil and gas tankers remained inside the Gulf, LSEG shipping data showed, hours after U.S. President Donald Trump announced the two-week ceasefire and said the U.S. would help with the traffic build-up.
The Rundown: Gov. Pritzker calls for Trump’s removal from office WBEZ Chicago
from news.google.com
The 2025 Oregon assisted suicide report stated that 637 lethal poison prescriptions were written under the Oregon assisted suicide law which was up from 609 in 2024 and 566 in 2023.
Tom Jeanne, M.D., MPH, the deputy state health officer and epidemiologist at OHA’s Public Health Division stated that:
“What we’ve been seeing over the last several years is a steady overall increase in prescriptions and deaths among Death with Dignity Act participants,”
Agriculture Secretary Brooke Rollins said a large swath of the country’s farmers will be unaffected this planting season, despite the rising fertilizer costs stemming from the Iran war.
“The good news is that about 80% of our farmers, actually, last fall locked in their fertilizer,” Rollins said to reporters outside the White House on Monday. “So as we’re moving into planting season, it’s only about 20% to 25% of our farmers that didn’t lock that in. We are working directly to ensure that we can get them what they need and it won’t bankrupt them.”
As the war moves into its second month, the Islamic Revolutionary Guard Corps’s chokehold on the Strait of Hormuz has led not only to higher oil prices but also higher fertilizer prices, as Persian Gulf-based companies face difficulty exporting their supplies through the closed-off strait.
Who could have predicted that California’s massive minimum wage hike would have “negative consequences?” Well, RedState certainly did, along with everyone else who wasn’t a hard-left progressive.
The law, which mandated a $20 per hour minimum wage for fast food workers at franchises that have more than 60 locations in the Golden State, went into effect in April 2024. But wait, there’s more! The law created the Fast Food Council — and gave it the green light to impose further wage increases yearly until 2029, when the council’s authority runs out.
What are the effects of the law, AB 1228? UC Santa Cruz Economics Lecturer Stephen Owen decided to find out, and surprise, surprise:
“Based on what we’ve found, I think this legislation is a classic case of ‘no good deed goes unpunished,’” Owen said. “There are unintended consequences and knock-on effects, and overall, I think the results have definitely not been as positive as policymakers had been expecting.”
The U.S. federal government has just given Bill Gates’s new company the green light to begin construction of a nuclear reactor, marking a major shift in America’s energy landscape.
Gates’s new nuclear reactor project is the first to win government approval in nearly a decade.
The move is raising fresh questions about the growing alliance between Big Tech, government regulators, and the future of America’s energy grid.
We reported on Thursday about a United Nations Security Council resolution, designed to try to ensure safe shipping through the Strait of Hormuz.
The resolution from Bahrain:
“[A]uthorizes member States, acting nationally or through voluntary multinational naval partnerships, with advance notifications to the Security Council,” to use all necessary means “to secure transit passage and to deter attempts to close, obstruct or otherwise interfere with international navigation through the Strait of Hormuz.”
Judge Dismisses Elon Musk Antitrust Lawsuit Let’s Data Science
from news.google.com
President Donald Trump on Thursday slammed the Supreme Court and federal court judges after they ruled against his effort to freeze $10 billion in funding to blue states.
The president in December announced that his administration was freezing funding to Minnesota after widespread welfare fraud was exposed in the state. In early January, the Department of Health and Human Services (HHS) sent letters to five blue states announcing a temporary freeze on funding for child care and social service funding.
During a cabinet meeting at the White House, Trump told reporters about how people discovered the rampant waste and fraud occurring in Minnesota. “I just saw something that the nursing home business and the daycare centers in particular, they went out and inspected them in Minnesota, and they didn’t exist,” he said. “They’re knocking on door, happens to be a young man, Nick [Shirley], nice young man. He’s done a very good job. They’re knocking on doors. It’s like homes. And they’re getting hundreds of thousands…they didn’t exist.”
And in California, it’s worse. It’s even worse. And I spoke with Russell Vought. I said, ‘Russell, don’t send him any money.’ He said, ‘but we have a court order that we have.’ Can you believe it? A judge. The judges are really hurting this country. Our judges. Justice Roberts doesn’t like when I say it, but the judges are really hurting this country. And frankly, the justices, the Supreme Court has really hurt our country, too.
President Donald Trump rips into the Supreme Court after it ruled against his effort to freeze $10 billion in federal child care and social service funding to blue states.
“The justices, the Supreme Court has really hurt our country, too.” pic.twitter.com/EXy1oQECV5
— Jeff Charles, Asker of Questions🏴 (@jeffcharlesjr) March 26, 2026
GM’s China venture seeks to build vehicles in Mexico to advance global expansion Automotive News
from news.google.com
WTO talks stall as Brazil blocks e-commerce moratorium extension FreshPlaza
from news.google.com
BANGKOK — Asian nations are increasingly competing for Russian crude oil as an energy crisis mounts amid the month-old war by the U.S. and Israel against Iran, which has choked off roughly a fifth of the world’s oil supply.
Much of the oil from the mostly shut Strait of Hormuz was headed for Asia, hit hardest by recent energy shocks. Over the weekend, Iran-backed Houthi rebels entered the conflict, further threatening shipping.
Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, both Democrats, have proposed pausing new data center construction until federal safeguards for workers, consumers, and the environment are in place. Given how far Congress is from passing comprehensive AI legislation, the proposal could stall new projects for years. It reflects deep concern about AI’s economic and social impact—but rests on an ASAP sense of urgency that outpaces the best current evidence on how quickly those effects are materializing.
What do we know right now about the job impacts of the emerging AI revolution, given the rising level of concern in Washington? Some recent analysis for consideration on Capitol Hill:
- Challenger, Gray & Christmas tracked more than 1.2 million layoffs in 2025. According to The Wall Street Journal, citing Forrester, fewer than 100,000 were primarily attributable to AI-driven efficiency gains. Even that likely overstates the impact. Companies have an incentive to blame AI for cuts because it signals technological sophistication and can lift their stock prices. From the piece: “The most likely reasons for head-count reductions remain the same as ever: slower sales, shifting priorities and previous overhiring.”
A New Mexico jury has ordered Mark Zuckerberg’s company Meta to pay $375 million in civil damages after finding the tech giant violated state law by failing to protect children from predators on its platforms.
The verdict, delivered after a civil trial in Santa Fe, marks a significant legal setback for Meta, the parent company of Facebook and Instagram.
Energy Minister Sergei Tsivilev confirmed Wednesday that Russia is sending “humanitarian” shipments of oil to Cuba after ship-tracking data earlier appeared to show that at least one tanker had unloaded Russian crude in Havana.
Cuba, which imports around 60% of its energy supply, previously relied on oil sold by Venezuela. Those shipments ended after then-President Nicolás Maduro was captured in a U.S. military raid.
The U.S. Postal Service is seeking to temporarily place a fee on packages due to rising fuel prices as the war in Iran continues to rattle energy markets.
The 8% fuel surcharge on packages under Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select is expected to take effect on April 26 and remain in place until Jan. 17, 2027. The Postal Regulatory Commission must review and approve the fee before it is enacted. If approved, first-class stamps and other mail services would not be affected.
“Transportation costs have been increasing, and our competitors have reacted with a number of surcharges,” the service said in a statement on Wednesday. “We have steadfastly avoided surcharges, and this charge is less than one-third of what our competitors charge for fuel alone.”
The development comes as the war in Iran has triggered the largest disruption to the global energy supply in history, due largely to Iran’s sweeping blockage of the Strait of Hormuz. Oil prices have spiked roughly 40%, approaching a record $120 a barrel earlier this month before stabilizing slightly.
Just weeks earlier, Larry Fink expressed hope for a “neutralized Iran,” framing the conflict as a good investment opportunity
BlackRock CEO Larry Fink has warned of an impending global recession if the US-Israeli war on Iran drags on and oil prices remain above $100 a barrel. The stark prediction comes just weeks after Fink framed the conflict as a good long-term investment opportunity.
In a wide-ranging interview with the BBC this week, Fink said oil prices could stay above $100 per barrel for years if Iran “remains a threat,” potentially hitting $150 and sparking “a probably stark and steep recession.”
The U.S. is preparing to send thousands more troops to the Middle East, prompting speculation about a ground attack on Iran amid conflicting accounts of peace talks.
The Pentagon is reportedly preparing to send about 3,000 troops from the Army’s 82nd Airborne Division to the Middle East, alongside two Marine Expeditionary Units, to assist military operations in Iran. CNBC has contacted the White House and is awaiting a response.
Military experts said that the number of additional troops being deployed to the region appears to be consistent with plans for discrete and time-limited operations — rather than a sustained ground campaign.
While the war in Iran has sent gasoline prices soaring around the world, there are growing concerns about how the spike in the cost of other fuels could also affect consumers and the broader economy.
In Canada, the average price of diesel has surged to nearly $2.30 per litre — more than 50 per cent higher than just three months ago.