The US will investigate Tesla’s Autopilot system after a series of reviews.


A Tesla 2018 Model 3 sedan at a dealership in Littleton, Colo.
Credit…David Zalubowski/Associated Press

The federal government’s top auto safety agency has launched an official investigation into Tesla’s Autopilot driver assistance system, amid growing concerns that it is sometimes unable to see parked emergency vehicles.

The National Highway Traffic Safety Administration said it was aware of 11 accidents since 2018 in which Tesla vehicles operating under Autopilot control crashed into fire engines, police cars and other vehicles with flashing lights that were stopped on highways.

This is a developing story. Check back for updates.

Lina Khan, Chairman of the Federal Trade Commission
Credit…Pool photo of Graeme Jennings

antitrust activity it’s heating up This summer. New bipartisan legislation targeting Big Tech Newly introduced in the Senate and federal agencies have taken a skeptical stance on deal-making. “I believe antitrust agencies should more often consider directly opposing problematic deals,” said Lina Khan, chair of the Federal Trade Commission. wrote in a letter He was released last week to Massachusetts Democrat Senator Elizabeth Warren.

Hard talk is a part of the Biden administration. comprehensive executive order last monthBreaking consolidation protects consumers, markets and employees. But some antitrust lawyers, including former regulators, said: DealBook newsletter they fear that this stance may hinder legitimate agreements and give practitioners the impression that ratifying any merger is politically dangerous.

Monthly merger notifications to the Federal Trade Commission

The FTC recently said that mergers are increasing at “staggering” numbers. A “tidal wave” strained resources and the agency set up the pre-merger review processtells companies that they close at their own risk after the usual 30-day review deadline, as deals may later be deemed illegal. The agency can retroactively appeal agreements already made, but the initial review framework aims to minimize that distrust, said Christine Wilson, one of two Republican FTC commissioners. wrote in a statement. He said the FTC’s shifting process could be driven by politics as well as the increase in merger activity.

“The FTC is a law enforcement agency, not a rubber stamp,” Lindsay Kryzak, the commission’s director of public relations, told DealBook via email. “Market participants should be aware that there are consequences for offering potentially illegal deals.”

“My concern is government threats,” said fellow Republican commissioner Noah Joshua Phillips. They doubt that antitrust policy can bring about the kind of social change the Biden administration seeks. He argued that forces such as globalization and international trade are driving the economy and the labor market rather than institutional consolidation.

Jonathan Kanter, candidate for the presidency Antitrust division of the Department of Justicepending Senate approval. Once the department has a chief, the Department of Justice and the FTC are expected to coordinate on new merger review guidelines. Mr. Phillips said it would be a “big event”.

The cost of coffee beans rose nearly 44 percent in 2021 due to extreme weather in Brazil, shipping bottlenecks related to the pandemic, and political protests that halted exports from Colombia.

It’s not yet a problem for coffee giants Starbucks or Nestlé, which buy their supplies long in advance and won’t have to deal with price spikes for a year or more. But some small roasters have already had to raise prices, and others, Coral Murphy Marcos told The New York Times.

Quincy Henry, co-owner of Campfire Coffee in Tacoma, Wash., remembers that Brazilian Arabica beans are among the cheapest he can buy, locking them in at $1.90 per pound. His last order from the same importer in late July cost $2.49 per pound.

Behind this increase is the increase in bean prices, which will be delivered to the roasters months later. These “coffee futures” are a staple for buyers around the world. A pound of Arabica beans, which typically cost between $1.20 and $1.40 in the futures market, hit over $2 at the end of July, the highest since 2014. On Wednesday, the price of coffee futures was $1.84 per pound.

As political weeks Protests rock Colombia, exported 345,000 60 kilogram coffee bags That’s just one-third of its regular monthly shipment in May, according to data from the nonprofit National Federation of Colombian Coffee Growers.

Colombia’s exports have since rebounded, but exports from other major producers such as Vietnam have slowed due to shipping bottlenecks as the global economy tries to reopen after a one-year lockdown. Analysts say the shortage of shipping containers has curtailed exports and caused a sharp increase in shipping costs.

Brazil has been rocked by a series of climate shocks, including drought. Last month temperatures dropped below 27 degrees Fahrenheit, about half of normal. READ THE FULL ARTICLE →

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While many tech companies have announced delays in return-to-office dates against the Delta variant, most companies’ plans seem to have not changed yet. Surveys by Morning Consult said most workers are already at work and 19 percent will be back by September. READ THE ARTICLE →


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