regulation

By Tarini Parti and Bradley OlsonUpdated May 16, 2022 8:27 am ETThe White House on Monday pushed back against Amazon.comInc. founder Jeff Bezos after he criticized the Biden administration in two tweets over the weekend for tying the corporate tax structure to rising inflation.The tweets were spurred by one from President Biden on Friday, which said: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” By Tarini Parti and Bradley OlsonUpdated May 16, 2022 8:27 am ETThe…

Rivian’s factory in Normal, Ill., where it produces the R1T pickup. Photo: KAMIL KRZACZYNSKI/REUTERS…

JetBlue JBLU 5.01% Airways Corp. plans to launch a hostile takeover attempt for discount carrier Spirit SAVE 3.85% Airlines Inc., according to people familiar with the matter, after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing deal with Frontier Airlines. ULCC 4.56% JetBlue plans to appeal directly to…

Amazon.com Inc. founder Jeff Bezos criticized the Biden administration in two tweets over the weekend for tying the corporate tax structure to rising inflation.The tweets were spurred by one from President Biden on Friday, which said: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” Mr. Bezos responded by saying the two issues should be discussed separately. “Mushing them together is just misdirection,” he…

A new forum for the U.S. and European Union to settle differences on trade and technology policy has taken on added significance following Russia’s invasion of Ukraine, with supporters positioning it as a model for broader cooperation among free-market democracies.The U.S.-EU Trade and Technology Council had its first meeting in Pittsburgh last fall, which participants said helped forge ties that proved critical when the two economies joined forces to impose sanctions on Russia following its Feb. 24 assault on Ukraine.…

Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless companies and governments tighten their controls.In theory, U.S. and European sanctions have outlawed the sale of gold and diamonds from Russia. In practice, Russian gems and precious metals are likely still entering Western markets, these people say, often via a hard-to-police global web of middlemen. Tougher controls are needed to “make sure Russia can’t use its gold reserves to fund the…

Ford Motor Co. F 8.52% said it unloaded more shares of Rivian RIVN 9.88% Automotive Inc., further pressuring the electric-truck maker’s battered stock price. Ford sold 7 million Rivian shares at a price of $26.88, the company said in a regulatory filing late Friday. That followed an 8-million-share sale earlier in the week at about the same price.…

The U.S. Treasury Department outlined actions it plans to take to address illicit-finance risks, saying Russia’s invasion of Ukraine had underscored the need to close regulatory loopholes and step up the fight against corruption. The national strategy for combating illicit finance, released Friday, is the latest iteration of a report the Treasury produces every two years. But this year’s strategy might be among the most important it has produced, Treasury officials said, given Russia’s…

Southwest Airlines Co. LUV -2.05% played a bigger behind-the-scenes role in developing early Boeing BA -4.58% 737 MAX pilot training than previously known, according to a recent legal filing that cites internal Southwest and Boeing company documents.During the development of 737 MAX training, the carrier agreed with Boeing to remove from pilot manuals references to a version of the automated flight-control system that…

Companies including Chevron Corp. , Quest Diagnostics Inc. and Ernst & Young LLP are pushing to narrow proposed cybersecurity rules from the Securities and Exchange Commission in the private sector’s latest attempt to shape a growing array of regulations by Washington. In comments on rules proposed by the SEC, businesses in recent days have urged the agency to harmonize its deadline of four business days to disclose security incidents with similar rules from…