13h ago
Pentagon’s 1260H list adds Alibaba, Baidu and BYD as ‘Chinese military companies’ under 2021 NDAA
The U.S. Department of Defense has listed Alibaba, Baidu and BYD as “Chinese military companies” under Section 1260H of the 2021 National Defense Authorization Act. The designation is not a sanction and does not ban private-sector business dealings, but it restricts the Pentagon’s direct purchases and future indirect procurement through supply chains. All three companies denied the allegation and said they would pursue legal action. The article says executives donated about $2.6 million to Democratic figures including Joe Biden, Kamala Harris and Gavin Newsom, as well as the DNC, without citing corporate donations.
13h ago
1d ago
North Dakota’s Bakken oil boom underpins tax cuts that rival Florida and Texas
North Dakota’s oil and gas output from the Bakken shale helped drive $3.17 billion in severance tax revenue in 2023, equal to about 41% of the state’s total tax take. That revenue base has coincided with both high per-capita tax collections of $9,834 per resident and a limited reliance on individual income taxes, which accounted for 6.4% of total revenue. The article argues that energy wealth has reinforced the state’s fiscal position while giving lawmakers room to cut taxes. It also highlights the scale, profitability and political support surrounding U.S. domestic oil production.
1d ago
1d ago
New Mexico asks court to make Meta pay $953 million after jury child-safety verdict
The New Mexico Department of Justice has asked a court to compel Meta to pay $953 million into funds for public education and behavioral health work, following a jury verdict on child safety. Meta has already been ordered to pay $375 million in civil penalties under the state’s Unfair Practices Act. The state alleges Meta designed addictive features and concealed harms to teenagers, while Meta argues the request amounts to overregulation and that some claims have been questioned by the judge.
1d ago
1d ago
Johnson & Johnson CEO says cancer cure could come within a decade
强生公司董事长兼CEO Joaquin Duato在WSJ CEO峰会上表示,未来十年有望‘消除某些癌症’,以多发性骨髓瘤为例,患者生存期已从单年延长至10年;部分晚期患者经单次免疫疗法后实现超5年缓解。公司正推进癌症生物学研究、AI辅助药物开发,并收购Firefly Bio强化难治突变靶向能力。该表态未披露新数据或 trial results,但强化市场对其肿瘤管线临床转化与长期增长确定性的信心。
1d ago
1d ago
Texas Senate candidate James Talarico praised Third Act Texas in June 2024 video
Texas Senate candidate James Talarico praised climate protest group Third Act Texas in a June 2024 video as it pushed banks to cut ties with the fossil fuel sector and opposed new LNG export projects in Texas. He later said he supports LNG production and has backed related legislation, even as the group has called for a shift to “100% renewable resources as soon as possible.” His public endorsement has fueled questions about how consistent his energy stance is. The episode does not amount to immediate regulatory action, but it adds to expectations of political and financing risk for oil and gas assets in a major producing state.
1d ago
6-16
SpaceX IPO on June 12 pushes Elon Musk’s paper net worth above $1 trillion
The article says SpaceX launched an IPO on June 12, lifting Elon Musk’s paper net worth above $1 trillion. It describes Tesla and SpaceX as the central vehicles of his wealth. It also argues that Tesla accelerated global electric-vehicle adoption and that SpaceX reshaped the commercial space industry. While no financial details or pricing were disclosed, the IPO itself is portrayed as fueling expectations of a valuation reset for related entities.
6-16