Business
In a rare move, the FTC issued a statement that revealed it referred a complaint against Snap to the DOJ, alleging that an AI-powered chatbot is harmful to users.
INDUSTRY UPDATES
Transcat, Inc., a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement and control instrumentation, announced via press release that it has acquired privately held Martin Calibration Inc.
Los Angeles-based Verde Bioresins Inc. agreed to be acquired by Nxu Inc. from Humanitario Capital for $16.2 million on Oct. 23.
World & Nation
Former President Trump is refusing to say how he voted on Florida’s abortion measure and he snapped at a reporter asking about it.
California
Newsom signed into law a bill that requires subscription services to provide a one-click option to unsubscribe, among other consumer protections.
Sports
Ricky Stenhouse Jr. snapped a 65-race NASCAR losing streak by winning in OT at Talladega after a late crash collected eight of 12 championship contenders.
Snap, which created the social media app Snapchat, has agreed to pay $15 million to settle allegations of rampant sex-based discrimination and harassment.
Health & Life Science
Irvine-based Inari Medical Inc. will be acquired by Stryker Corp. for $4.8 billion.
Dodgers
Mookie Betts is at a loss for words as he begins another postseason mired in a slump that threatens to derail the Dodgers’ World Series aspirations.
Tech giants including Meta, Snap, Google and others are racing to build smart glasses. It could change our lives for the better or worse.