Posts by Amelia Frost
What to Know About the Anti-Bribery Law Trump Is Targeting
President Trump has paused enforcement of a federal law he has long bemoaned: the Foreign Corrupt Practices Act, which prohibits companies from bribing foreign officials. The law, enacted in 1977, makes it illegal for companies that operate in the United States to pay foreign government officials to secure business deals. Mr. Trump’s order on Monday…
Read MoreInternet Left Baffled as Musk Claims Americans Are Responsible for Calling Out His Conflicts of Interest: ‘So Basically ‘Trust Me Bro”
In Elon Musk’s latest remarks on government transparency, he suggested that any conflicts of interest involving his companies and federal contracts would be obvious to the public—who would then be responsible for calling them out. Reporters: But if there is a conflict of interest when it comes to you yourself, for instance, you’ve received billions…
Read MoreBP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a long period of lackluster share performance compared with its industry peers. BP’s share price has perked up in recent months, but its perceived weakness and…
Read MoreTrump Insists Plastic Straws Don’t ‘Affect Sharks’ in Odd Defense While Signing Order to Eliminate Paper Straws
Trump dismissed environmental concerns as he signed an executive order banning paper straw use in the federal government. Getty Images President Donald Trump officially reversed federal use of paper straws with an executive order Monday, declaring that the country is “going back to plastic.” The decision follows his announcement on Truth Social earlier in the…
Read MoreSeeking God, or Peter Thiel, in Silicon Valley
Everything clicked when Peter Thiel gave the speech about God. The occasion was a 40th birthday party for Trae Stephens, who is Mr. Thiel’s venture capital partner as well as one of the founders of Anduril Industries, a maker of high-tech defense systems and weaponry. It was a multiday affair, held in 2023 at Mr.…
Read MoreElon Musk’s Business Empire Scores Benefits Under Trump Shake-Up
President Trump has been in office less than a month, and Elon Musk’s vast business empire is already benefiting — or is now in a decidedly better position to benefit. Mr. Trump and Mr. Musk, the world’s richest man who has been given enormous power by the president, have been dismantling federal agencies across the…
Read MoreAP Reporter Barred From White House Event Over ‘Gulf Of America’
The Associated Press said Tuesday that its White House reporter was barred from an event with President Donald Trump over the top US news agency’s refusal to follow his order renaming the Gulf of Mexico as the Gulf of America. “We were informed by the White House that if AP did not align its editorial…
Read MoreGoldman Sachs Ditches Big Diversity Rule As Wall Street Backs Off DEI
Wall Street has not typically been accused of doing too much for women and minority groups. The financial services industry, after all, is one in which more major banks are named after the Morgan family than led by a female chief executive. So it meant something over the past half-decade or so when the biggest…
Read MoreFord Chief Executive Says Trump Policies May Lead to Layoffs
Ford Motor could be forced to lay off employees if the Trump administration ends subsidies and other financial support for electric vehicle manufacturing, the company’s chief executive said on Tuesday. Ford has invested heavily in factories to produce batteries and electric vehicles in Ohio, Michigan, Kentucky and Tennessee, Jim Farley, the Ford chief executive, said…
Read MoreA First-Timer’s Guide to Skiing in Japan
Unlike the high jinks and vibrant après-ski scene that permeate the Alps and Rockies, Japan offers a meditative experience on its slopes. Skiing here is an almost reverent affair. “It’s not about lounging in the sun or partying between runs,” said Sari Levy, 46, who lives in Telluride, Colo., and just returned from her second…
Read MoreAltman Says OpenAI ‘Not For Sale’ After Musk’s $97 Bn Bid
OpenAI CEO Sam Altman responded to a takeover offer by Elon Musk, who helped found the company AFP Artificial intelligence developer OpenAI is “not for sale”, chief executive Sam Altman said in Paris Tuesday in response to a reported $97.4 billion bid from competitor Elon Musk. “OpenAI has a mission… of making AGI benefit all…
Read MorePope Told To ‘Stick To Church’ After Trump Migrant Critique
Pope Francis described Donald Trump’s migrant deportations as a “major crisis” Tuesday, prompting a rebuke from the US president’s border czar, who told the pontiff to “stick to the Catholic Church”. In a letter to US bishops, Francis, 88, said deporting people who had fled their own countries in distress “damages the dignity” of the…
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