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The Latest Breaking News from Elizabeth Warren

Elizabeth Warren slams Elon Musk for creating conflicts of interests with Twitter as she asks SEC to probe Tesla. ‘Personal wealth does not shield him from basic governance rules’

She also questioned his close relationships with several Tesla board members and whether the board had failed to act in shareholders’ best interests.

Fortune

Sen. Warren Urges SEC To Investigate Tesla’s Twitter Acquisition

Concerns raised over potential conflicts of interest and misappropriation of corporate assets.

Zenger

Elizabeth Warren Criticizes Amazon’s Tax Payments During Record-Breaking Prime Day 2023

Senator cites firm's history of avoiding federal income taxes despite huge profits; calls for minimum tax on corporate earnings.‌

Zenger

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Tax prep firms shared private data from millions of customers with Meta and Google, lawmakers say

Potential breach of taxpayers’ incomes, tax refund and personal information should be ‘immediately’ investigated, congressional investigation urges

The Independent UK

Senators Lummis and Gillibrand finally unveil their revamped crypto bill

The legislative proposal inserts the Senate back in the conversation and empowers the CFTC.

Fortune

‘Most comprehensive proposal to date’: Lummis and Gillibrand to reintroduce landmark crypto bill

The long-awaited legislation would tackle thorny questions like market structure and stablecoin oversight.

Fortune

Medical credit cards may lead patients to overpay for their health care, Democrats warn

A group of Democratic senators is asking the Consumer Financial Protection Bureau to take action against medical credit cards such as CareCredit, saying the cards’ deferred interest features are confusing and often lead to consumers paying high interest rates after a promotional period has ended

The Independent UK

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Meghan Markle tops Democratic party's 2023 candidate list, US election poll suggests

According to a poll by the Washington-based Democracy Institute of Democratic voters, 25 per cent said the Duchess would be best for the job out of a list of female runners.

Daily Record

Bitcoin's Greatest Test

The FTX meltdown, "Operation Chokepoint 2.0," and a "crypto winter" have only strengthened the resolve of the enthusiasts Reason spoke with at the annual National Bitcoin Conference in Miami.

Reason

NDAA could address Pentagon’s ‘revolving door’

WASHINGTON — Lawmakers in both chambers are looking to rewrite the ethics and lobbying rules that affect Pentagon officials, retired brass, executives with U.S. defense contractors and even foreign governments.

Tribune News Service

NDAA could address Pentagon's 'revolving door' - Roll Call

Warren's bill would impose stricter rules on former Defense Department officials who go to work for defense contractors.

Roll Call

Senior US politicians demand investigation into PGA Tour-LIV Golf deal

United States senators Elizabeth Warren and Ron Wyden have asked the US Justice Department (DOJ) to open an anti-trust investigation into the planned deal between the PGA Tour and LIV Golf, saying they believe it would result in a monopoly over professional golf operations.

Evening Standard

Elizabeth Warren says in letter to DOJ that Binance apparently gave Congress 'false and misleading information'

Warren and another Democratic senator sent a letter to Attorney General Merrick Garland on Wednesday.

Fortune

Twitter had a bad case of the Mondays

Elon Musk is now ex-CEO as Twitter’s child abuse problem revealed, ad sales plummet and senators launch inquiry

Salon

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StockNews.com

Is Digital World Acquisition (DWAC) a Winner?

Shares of special purpose acquisition company Digital World (DWAC) have plummeted more than 70% over the past year. The stock has been on a downtrend since news of the merger with Donald Trump’s media company broke in 2021, with federal investigations delaying the deal’s closing. So, following Trump’s recent indictment,…

Los Angeles Times

Does announcing for president on Twitter prove Ron DeSantis is too online?

WASHINGTON — Florida Gov. Ron DeSantis' presidential announcement Wednesday — a glitchy live broadcast on Twitter — was the latest example of the Republican candidate's all-out effort to court his party's most online activists.

Broadcasting & Cable

Sen. Elizabeth Warren Advises FCC to Keep Vetting Standard General-Tegna

Massachusetts Democrat signals that the public interest demands no less

The Guardian - US

Democrats to urge Biden to use 14th amendment powers to avert ‘global economic catastrophe’

Senators including Elizabeth Warren and Bernie Sanders argue in letter that Republicans are not negotiating ‘in good faith’

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The Independent UK

CEO pay again in focus as the heads of failed banks appear before Senate panel

The recent failures of a trio of midsize banks has once again raised questions on whether executive compensation is tilted toward short-term gains rather than companies' long-term health

Roll Call

Bipartisan interest in new deposit insurance cap, but for whom? - Roll Call

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

The Independent UK

Berkeley professor apologizes for false Indigenous identity

An anthropology professor at the University of California, Berkeley, whose identity as Native American had been questioned for years has apologized for falsely identifying as Indigenous, saying she is “a white person” who lived an identity based on family lore

Reason

Short Circuit: A Roundup of Recent Federal Court Decisions

Amazon's algorithm, involuntary commitment, and anti-malaria medicine.

Fortune

Elizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout

The Democratic senator raised concerns about the deal reigniting the “too big to fail” problem.

Salon

First Republic Bank collapses, seized

"Ultimately taxpayers will be on the hook," Sen. Elizabeth Warren warned

The Independent UK

US nuclear weapons modernization plan spurs cost questions

The U.S. agency that oversees the nation's nuclear arsenal is moving ahead with plans to modernize production of key components that trigger the weapons

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