Monthly Archives: <span>February 2024</span>

IVF Clinic Insurance Affected by Ruling as Alabama Lawmakers Look for a Fix

MONTGOMERY, Ala. (AP) — Lawmakers began scrambling for ways to protect Alabama in vitro fertilization services after multiple providers paused treatment in the wake of a state Supreme Court ruling that frozen embryos could be considered children under a state …

EU Lawmakers Approve Tougher Penalties for Environmental Crimes

The European Parliament on Tuesday approved tougher penalties for environmental crimes such as illegal timber trade, with offenses punishable by up to 10 years in prison and company directors prosecuted for corporate wrongdoing. “It is about time we fought cross-border …

Nvidia’s $70M Florida Supercomputer Hobbled by DeSantis Law

(Bloomberg) — When Chris Malachowsky, a billionaire founder of chip giant Nvidia Corp., bankrolled one of the world’s biggest supercomputers at the University of Florida, Ron DeSantis predicted the machine would be a magnet for artificial intelligence talent. Almost four …

Employee Wins Workers’ Compensation Under Exception to ‘Coming-and-Going’ Bar

An exception to the workers’ compensation “coming-and-going” rule applies where the employer provides the transportation even if the employer says there was no explicit agreement that he would supply rides. The exception can apply where there is credible evidence to …

Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’

The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346, down from 449 in the previous year, according to a new report from Clyde & Co. But the global law firm believes “deal activity …

Europe Automakers Will Not Challenge 2035 Fossil-Fuel Car Ban, Industry Group Says

Europe’s automakers will not challenge the European Union’s decision to effectively ban fossil-fuel vehicles as of 2035 no matter who wins this year’s European parliamentary elections, the head of the continent’s auto industry group said on Monday. Speaking at a …

Damaged Subsea Cable in Red Sea Highlights Telecom Vulnerability

A subsea cable off the coast of Yemen that connects Europe to India has been damaged, and the telecommunications carrier that owns it must now figure out how to make underwater repairs in a war zone. Seacom Ltd., the South …

Tesla to Fix Software in 8,700 vehicles in China Product Recall, Regulator Says

China’s market regulator said on Friday that Tesla Inc. would fix software in 8,700 vehicles to reduce the chance of accidents. The action involving 1,071 imported Model S and Model X and 7,629 China-produced Model 3 is described as a …

FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal

The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wages for workers and higher prices for groceries. In a complaint …

People Moves: Heaton Named Chief Operating Officer of Markel Group

Markel Group Inc., headquartered in Glen Allen, Virginia, named Mike Heaton as executive vice president and chief operating officer. Heaton most recently served as executive vice president at Markel Group. From 2016 to 2022, he served as president of Markel …