Below please find a roundup of business and technology news from the past week.
- CNBC notes that Twitter’s stock has fallen six percent today, as CEO Jack Dorsey testifies before Congress about the social media giant’s knowledge of the foreign use of its platform to improperly influence the 2016 election. Sheryl Sandberg, COO of Facebook, is also testifying. Alphabet, Google’s parent company, was also invited to testify but declined.
- Reuters reports that trade talks with Canada are set to resume later today. President Trump hopes to replace NAFTA, the trade agreement currently binding the United States, Mexico, and Canada. Last week, the United States and Mexico reached a preliminary agreement on at least some trade provisions.
- The Washington Post reports that the Department of Justice, at President Trump’s urging, will look into allegations of censorship of conservative voices on social media. Attorney General Jeff Sessions will meet with state attorneys general later this month. DOJ spokesperson Devon O’Malley also noted that an antitrust argument may be on the horizon, as one of the topics of discussion on the agenda for this meeting is whether these platforms “may have harmed competition.”
- The Post also discusses Vermont Senator Bernie Sanders’ newly-introduced bill, the “Stop BEZOS Act” (Stop Bad Employers by Zeroing Out Subsidies Act), that would require corporate employers like Amazon and Wal-Mart to reimburse the federal government for food stamps, public housing, Medicaid, and other federal assistance received by their workers. At a news conference, Senator Sanders explained the bill’s purpose: “[T]he taxpayers of this country would no longer be subsidizing the wealthiest people in this country who are paying their workers inadequate wages. . . . Despite low unemployment, we end up having tens of millions of Americans working at wages that are just so low that they can’t adequately take care of their families.”
- NBC News reports that California lawmakers have passed a state-level net neutrality bill, which now heads to the desk of Governor Jerry Brown’s desk. Brown has not disclosed whether he plans to sign the bill.
- Finally, the UK’s Independent reports on high-fashion house Balmain’s decision to use a lineup of completely 3D-rendered models as the “virtual army” for its latest campaign. Critics of the use of these cyber-models argue that the move pushes out flesh-and-blood models, particularly models of color, in favor of automating the fashion industry’s workforce.
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