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Business and Economic News

Meta replaces fact-checking with X-style community notes

Meta replaces fact-checking with X-style community notes

Facebook and Instagram owner Meta says it’s scrapping its third-party fact-checking program and replacing it with a Community Notes program written by users similar to the model used by Elon Musk’s social media platform X.
by The Associated Press

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Nippon, U.S. Steel file suit after Biden administration blocks $15 billion deal

Nippon, U.S. Steel file suit after Biden administration blocks $15 billion deal

Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel.
by The Associated Press

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Biden bans new offshore oil and gas drilling in most federal waters

Biden bans new offshore oil and gas drilling in most federal waters

President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, an effort to block possible action by the incoming Trump administration to expand offshore drilling.
by The Associated Press

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Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland. He may be putting them at risk instead.
by The Associated Press

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Xcel Energy customers to see higher bills in 2025

Xcel Energy customers to see higher bills in 2025

In December, the state Public Utilities Commission approved a 5.2 percent interim rate increase for Minnesota’s largest electric utility. That amounts to an extra $5.39 a month for a typical household.
by Kirsti Marohn

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