Industry

STB Accepts Revised Union Pacific–Norfolk Southern Merger Filing, Holds Review in Abeyance

STB accepted Union Pacific and Norfolk Southern’s revised merger filing for consideration but put the review and environmental study on hold, seeking more info by July 27.

$UNP, $NSC, #rail, #merger, #transportation, #stb

Massachusetts Certifies App Drivers Union, Giving 70,000 Uber and Lyft Drivers the Right to Bargain

Massachusetts has certified the App Drivers Union as the statewide bargaining representative for about 70,000 Uber and Lyft drivers under a 2024 law.

#labor, #rideshare, #uber, #lyft, #massachusetts

Former Hodlnaut CEO Charged in Singapore Over Alleged False Claims About UST Losses

Singapore police charged ex-Hodlnaut CEO Zhu Juntao with six fraud counts, accusing him of misleading users about the company’s TerraUSD exposure after UST’s 2022 collapse.

#hodlnaut, #terraust, #crypto, #fraud

New York Hotel Workers, Employers Reach Tentative 8-Year Deal With Record Wage Gains

A tentative eight-year contract for roughly 25,000–27,000 New York hotel workers would boost wages, add paid parental leave, AI protections and housing funds.

#labor, #hotels, #newyork, #union, #wages

34 State Attorneys General Ask Court to Break Up Live Nation and Ticketmaster

A bipartisan coalition of 34 state attorneys general asks a federal judge to force Live Nation to divest Ticketmaster and select amphitheaters.

$LYV, #antitrust, #livenation, #ticketmaster, #law

U.S., Boeing and Lockheed Set Seven-Year Plan to Triple PAC-3 Seeker Production

U.S., Boeing and Lockheed set a seven-year framework to triple PAC-3 MSE seeker production, easing a key supply-chain bottleneck for Patriot interceptors.

$BA, $LMT, #defense, #patriot, #boeing, #lockheed

Warren Challenges OCC Over Crypto National Trust Charters

Sen. Elizabeth Warren requested OCC charter applications and legal analyses, arguing crypto trust charters let firms perform bank-like activities beyond legal limits.

$COIN, #crypto, #occ, #regulation, #elizabethwarren

GAO: DOE Nuclear Cleanup Office Lost One-Third of Staff Since FY2023, Now Faces 45% Vacancy Rate

GAO finds Energy Department’s cleanup office lost a third of federal staff since FY2023, leaving about 45% vacancies in mission-critical cleanup roles.

#doe, #nuclearwaste, #workforce, #environmentalcleanup, #gaoreport

Federal Reserve Terminates 2023 Cease-and-Desist Order on UBS and Credit Suisse

The Federal Reserve terminated its July 2023 cease-and-desist order related to the Archegos losses, closing a public enforcement case involving UBS and Credit Suisse.

$UBS, #creditsuisse, #ubs, #federalreserve, #archegos

SEC Moves to Rescind 2024 Climate-Disclosure Rule, Sends Proposal for White House Review

The SEC submitted a proposed rescission of its 2024 climate-disclosure rule to OIRA on May 4, signaling a formal move to undo the rule and reopen review.

#sec, #climate, #regulation, #disclosure

Samsung and Union Fail to Reach Deal After Mediation; 18-Day Strike Planned May 21

Post-mediation talks broke down May 13, raising the risk of an 18‑day strike at Samsung, a key player in global memory-chip supply chains.

#samsung, #labor, #semiconductors, #southkorea

Toyota posts higher sales and revenue in FY2026, but operating profit falls after U.S. tariffs cut ¥1.4 trillion

Toyota sold 9.595 million vehicles in FY2026 and revenue rose to ¥50.685 trillion, but operating profit fell after U.S. tariffs cut about ¥1.4 trillion.

$TM, #toyota, #earnings, #tariffs, #automotive

Teamsters launch ULP strike at Breakthru Beverage’s St. Louis distribution center, halting some deliveries

Teamsters say 100+ Breakthru Beverage drivers and warehouse workers in St. Louis have launched an unfair-labor-practice strike over contract disputes, halting some deliveries.

#labor, #teamsters, #breakthru, #stlouis