US Healthcare Landlord Medical Properties Trust’s Largest Tenant Steward Health Goes Bankrupt, Sparks Regulatory Concerns Medical Properties Trust Inc’s (NYSE:MPW) tenant Steward Health Care plunged into Chapter 11 bankruptcy, posing significant financial risks for hospitals across eight states. State regulators, alarmed by the precarious situation, have intensified scrutiny over the Steward Health Care System. With a network of […]
By Daniel Leussink and Liam Mo BEIJING (Reuters) -Tesla has cleared some key regulatory hurdles that have long hindered it from rolling out its self-driving software in China, paving the way for a favourable result from Elon Musk’s surprise visit to the U.S. automaker’s second largest market. Tesla CEO Musk arrived in the Chinese capital […]
Chinese flying taxi sector claims global lead thanks to regulatory support A Shanghai flying taxi company says that China’s “low altitude” industry is edging ahead of western rivals, thanks to more supportive regulators, technological breakthroughs and cut-throat competition in the Chinese logistics sector. The total market created by electric vertical take-off and landing, or eVTOL, […]
(Bloomberg) — Chinese stocks gained Monday as renewed regulatory support from Beijing shielded the market from a broader selloff hitting Asia. Most Read from Bloomberg The CSI 300 Index jumped as much as 2.2%, with a number of stocks including CRRC Corp. and Yunnan Energy New Material Co. rallying by the 10% limit. In contrast, […]
Apr. 6—MORGANTOWN — Sen. Shelley Moore Capito, in her role as ranking member of the Environment and Public Works Committee, has released a report highly critical of the Biden Administration’s environmental agenda. The report is bluntly titled “Biden’s 2024 Environmental Agenda and its Road to Ruin.” The cover illustration shows a lighted warning sign that […]
This article was originally published in Virginia Mercury. The Virginia Board of Education on Thursday adopted changes to how the state handles compliance complaints regarding students with disabilities. Since 2019, Virginia has been under ongoing investigation by the U.S. Department of Education, which previously determined that the state repeatedly failed to resolve complaints filed by […]
Ether dropped to near $3,200 and other cryptos turned lower as the regulatory headwind weighed on the market. Ether-based spot ETFs likely won’t get approved by the SEC in May, Bloomberg analysts said Tuesday. Ethereum’s ether {{ETH}} tumbled as much as 6% Wednesday amid concern much-hoped-for ETH exchange-traded funds face a roadblock to U.S. approval. […]
General Motors‘ troubled robotaxi service Cruise on Feb. 6 endured a public lashing from a California judge who compared the company to the devious TV character Eddie Haskell for its behavior following a ghastly collision that wrecked its ambitious expansion plans. The withering comparison to the two-faced Haskell from the 1950s-era TV series, “Leave It […]
In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s most populous market. Additional regulations are on the horizon in 2024 as New Delhi continues a regulatory shift to more tightly govern the tech sector. Last year, […]
By Li Gu and Casey Hall SHANGHAI (Reuters) – A slew of smaller Chinese gaming companies have announced share buybacks – plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games. Last Friday, regulators published draft rules that would ban online […]