Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Category: Regulation and Deregulation of Industry
Polluting Industries Say the Cost of Cleaner Air Is Too High
As the Biden administration prepares to toughen air quality standards, health benefits are weighed against the cost of compliance.
A New Law Supercharged Electric Car Manufacturing, but Not Sales
President Biden’s 2022 climate act spurred big investments in U.S. battery factories, but it has not similarly boosted E.V. sales.
Cruise Grew Fast and Angered Regulators. Now It’s Dealing With the Fallout.
The company, a General Motors subsidiary, has hired a law firm to investigate how it responded to regulators, as its cars sit idle and questions grow about its C.E.O.’s expansion plans.
Executive Order on A.I. Tries to Balance Technology’s Potential and Peril
President Biden announced regulations on Monday that seemed to have a little bit for everyone.
The Multimillion-Dollar Machines at the Center of the U.S.-China Rivalry
The United States is taking unusual action to clamp down on sales of chip-making machinery to China, even as Chinese firms are racing to stockpile the equipment.
The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger
With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.
Women Could Fill Truck Driver Jobs. Companies Won’t Let Them.
Three women filed a discrimination complaint against a trucking company over its same-sex training policy, which they say prevented them from being hired.
A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums
Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.
Microsoft C.E.O. Testifies That Google’s Power in Search Is Ubiquitous
Satya Nadella, the chief executive of Microsoft, is the government’s biggest-name witness in its landmark antitrust case against Google.