California’s recent spate of epic Pacific storms has blanketed the Sierra Nevada range in a snowpack at or above record levels, state water resource officials said on Monday at a measuring station where less than 3 inches was documented last April. The bounty of mountain snow, on which California has long relied as a critical […]
The Biden administration on Tuesday released final guidance on how clean energy companies can secure additional tax credits when investing in U.S. communities economically tied to fossil fuels like oil and coal. The Inflation Reduction Act (IRA) passed last year by Democrats extended a 30% tax credit for wind, solar and other green energy projects, but also […]
Brandon Johnson was elected Chicago mayor on Tuesday, according to the Associated Press, defeating Paul Vallas in a runoff between two Democrats to take over a city grappling with crime, an issue that dominated the race. Johnson, a 47-year-old Cook County Commissioner, becomes the 57th mayor of the third-largest U.S. city, after incumbent Lori Lightfoot […]
The U.S. Department of Justice reached a $144.5 million settlement with survivors and families of victims of the 2017 mass shooting at a Texas church that killed 26 people, for which a judge had found the Air Force primarily responsible. Wednesday’s settlement with more than 75 plaintiffs requires approval by U.S. District Judge Xavier Rodriguez […]
Taiwanese President Tsai Ing-wen is set to meet U.S. House Speaker Kevin McCarthy on Wednesday in the first such meeting on U.S. soil, drawing threats of retaliation from China, which claims self-ruled Taiwan as its own. China staged war games around Taiwan last August following the visit to Taipei of then-House Speaker Nancy Pelosi and Taiwan’s defense […]
Extreme weather events will become more frequent as global temperatures rise. This is a challenge for companies that depend on complex international supply chains. There is an academic literature that analyses the impact of natural disaster shocks at the firm level (e.g. Barrot and Sauvagnat 2016, Boem et al. 2019, Carvalho et al. 2021, Todo […]
OpenAI has taken ChatGPT offline in Italy after the government’s Data Protection Authority on Friday temporarily banned the chatbot and launched a probe over the artificial intelligence application’s suspected breach of privacy rules. The agency, also known as Garante, accused Microsoft-backed OpenAI of failing to check the age of ChatGPT’s users who are supposed to be […]
Apple Inc on Friday convinced a U.S. appeals court to throw out a $502 million verdict for patent licensing company VirnetX Inc in a long-running fight over internet privacy technology. The U.S. Court of Appeals for the Federal Circuit said the verdict could not stand after the U.S. Patent Trial and Appeal Board canceled the virtual private […]
Twitter on Friday made public parts of the computer code that decides how the social media site recommends content, with its owner Elon Musk adding that the entirety of the code will be available in the next few weeks. The announcement will allow users and programmers a peek into its workings and the ability to […]
General Motors Co expects some electric vehicles (EVs) will qualify for $7,500 U.S. tax credits after stricter Treasury Department guidance takes effect April 18, the U.S. automaker said on Friday. “We expect a number of our Ultium-based EVs, including the Cadillac Lyriq and additional EVs launching this year like the Chevrolet Equinox EV SUV and Blazer EV SUV, […]
