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After Jan. 6, corporations across the nation raced to put out news releases condemning the insurrection, as well as the Republican members of Congress
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
who tried to overturn the election results
</a>
. Many companies pledged to end or pause donating to those politicians.
</p>
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Fast-forward to today. Whatever your politics,
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
yesterday’s testimony by a former White House aide
</a>
about President Donald Trump’s actions on Jan. 6 was deeply disturbing. And yet you will most likely hear only one thing from the business community in the coming days: silence.
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Why?
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I’ve been spending the past several days at the Aspen Ideas Festival asking chief executives and other leaders that very question. What I hear again and again is that the business community — and perhaps the public at large — has outrage fatigue.
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
But there is something else happening, too: Those who do want to speak out are concerned about retaliation from political officials and a significant portion of the public, in ways they weren’t a year and a half ago.
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
Several C.E.O.s I spoke with pointed to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
various polls
</a>
showing that Trump remains popular — in many cases, more popular than President Biden.
</p>
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Others fear being labeled “woke,” and worry about being targeted by outspoken Republicans like Gov. Ron DeSantis of Florida, who was once seen as a friend of business but who has
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
aggressively targeted businesses
</a>
that are out of step with his views.
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
But here is my question for business leaders: After years of talking about moral courage, where is yours?
</p>
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
American business has succeeded all of these years because we have been a nation of laws, and a democracy that the world believed in. If that democracy and its laws are not defended, the environment that has allowed American companies to prosper will no longer be a sure thing.
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HERE’S WHAT’S HAPPENING
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Bed Bath & Beyond is replacing its C.E.O.
</span>
The company
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
announced the departure
</a>
of Mark Tritton this morning, along with quarterly results that fell far short of analyst expectations, sending its shares down 13 percent in premarket trading.
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The S&P 500 is down about 20 percent in 2022,
</span>
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
on pace for its worst first half of the year since 1970
</a>
. It closed down nearly 1.6 percent yesterday, and futures were down slightly this morning. Amid investor concerns over
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
slipping consumer confidence
</a>
and
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
slightly rising retail inventories
</a>
, the Fed Chair Jay Powell will address the European Central Bank forum today.
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A former White House aide’s Jan. 6 testimony could put Trump closer to criminal charges.
</span>
Some legal scholars said the aide, Cassidy Hutchinson,
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
made the best case to date that Trump had in fact incited the crowd
</a>
. Meanwhile, in
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
Tuesday’s primaries
</a>
, Colorado Republicans rejected two election deniers, while Illinois Republicans supported two candidates who refused to accept the 2020 results.
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The F.T.C. accuses Walmart of facilitating consumer fraud through its money transfer business.
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The agency
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said in a lawsuit
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that Walmart “turned a blind eye” while fraudsters stole as much as $197 million from 2013 to 2018. Walmart called it a “factually flawed and legally baseless civil lawsuit.”
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Tesla is laying off around 200 people in San Mateo, Calif., and closing its office there,
</span>
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Bloomberg reported.
</a>
Most of those laid off were hourly workers who annotated data for Tesla’s Autopilot feature. Tesla’s C.E.O., Elon Musk, had said 10 percent of salaried workers would be laid off,
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
but that the number of hourly employees would increase
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.
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Head of consumer bureau inflames the Chamber
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The Chamber of Commerce is targeting Rohit Chopra, the director of the Consumer Financial Protection Bureau, in a public campaign, accusing him of trying to “radically reshape” the financial services industry.
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As part of the campaign, which began yesterday, the trade group shelled out six figures for advertisements seeking to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
“rein in” an “out-of-control” Chopra
</a>
. The group also filed six requests for records of communications between Chopra’s agency and the White House, and it sent
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
two letters to the consumer bureau
</a>
detailing what the Chamber called “imprudent and unlawful actions.” (One letter lays out the group’s objection to the agency’s
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
policy tweak
</a>
on examining financial institutions for discriminatory practices.)
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A spokeswoman for the agency told DealBook: “Scare tactics orchestrated by lobbyists for Big Tech and Wall Street won’t deter the work of the C.F.P.B. to enforce the law.” She added: “Less than a year in, our approach is already paying dividends, with significant changes in
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
bank overdraft
</a>
policies and
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
major reforms
</a>
in the reporting of medical debt to consumer credit reports.”
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
The trade group’s move reflects growing fears in some Washington circles
</span>
that Chopra has amassed too much influence since taking up the post in October. The Chamber’s chief policy officer, Neil Bradley, told DealBook in an email that Chopra’s efforts would “upend the financial service system” and that the group was hoping for “congressional oversight.”
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
The right has accused Chopra of unfair maneuvering, and the left has hailed him as a hero of the people
</span>
. During a hearing in April, Patrick Toomey of Pennsylvania, the top Republican on the Senate Banking Committee, said the consumer agency had
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
abused its power under Chopra
</a>
. (Toomey did not respond to a request for comment on the Chamber’s campaign.) Separately, the American Economic Liberties Project, a progressive competition policy group,
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
said in a statement yesterday
</a>
that Chopra was “a cleareyed fighter for workers, small businesses and local communities,” and that corporate lobbyists were trying to discredit him with “a targeted smear campaign.”
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<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
The director was once warmly welcomed by Republicans.
</span>
In 2018, senators unanimously confirmed Chopra after Donald Trump nominated him to the Federal Trade Commission. Lawmakers knew Chopra from his previous roles at the C.F.P.B. and the Education Department, and Republicans did not then object to the appointment of a protégé of their progressive colleague, Senator Elizabeth Warren of Massachusetts. But at the F.T.C., Chopra’s tactics and approaches quickly drew ire from the right, and by last year, when he was Biden’s pick for C.F.P.B. director, 48 Republicans opposed him and
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
two did not vote
</a>
.
</p>
</td>
</tr>
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</td>
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<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
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<td align="left">
<table cellpadding="0" cellspacing="0" style="border-spacing:0;font-family:arial,sans-serif;color:#333;padding:0;background:#fff" width="100%">
<tbody>
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<td style="width:100%;padding:0;line-height:1" width="100%">
<img class="css-1rg59gv e1e3sevz0" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2021%252F01%252F29%252Fbusiness%252Fdealbook-icon-percentage%252Fdealbook-icon-percentage-articleLarge-v11.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1o6Waw:NK1VDKoxcEv6h0PE2PvPc14MMgMjGtmCTeBsfv_mEK8" style="display:block;width:100%;height:auto;padding-bottom:25px;padding-top:10px"/>
</td>
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</td>
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<div style="margin:0 auto;max-width:600px;width:100%">
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<tbody>
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<td align="left">
<h2 class="css-12n1aic el2acgh0" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
The chances of a recession are rising
</h2>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
One of Wall Street’s biggest optimists, Cathie Wood, is throwing in the towel on the economy. Yesterday, Wood, who manages the struggling Ark Invest E.T.F.s, said the U.S. had
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
already entered a recession
</a>
. Many economists say high inflation, rising interest rates, shaky economic activity and volatile markets have made a recession more likely.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
The range of forecasts remains wide
</span>
,
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
The Times’s Isabella Simonetti and Jason Karaian report
</a>
. Here are some broad estimates from top economists of the chances of a recession in the near term.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Low probability:
</span>
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Deloitte
</span>
’s Daniel Bachman, who heads the consulting firm’s U.S. forecasting group, says a recession is “less likely than some analysts would have you believe.” Chance of recession:
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
15 percent
</span>
.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Morgan Stanley
</span>
’s chief U.S. economist, Ellen Zentner, says “accelerating inflation has been a common precursor to recessions,” but one isn’t likely to hit soon. Chance of recession:
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
30 percent
</span>
.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Goldman Sachs
</span>
’s David Mericle and Ronnie Walker believe there is a “feasible though difficult path” to avoid recession. Chance of recession:
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
30 percent
</span>
.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Closer to a tossup:
</span>
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
JPMorgan Chase
</span>
’s chief economist, Bruce Kasman, and his team say the “risks are skewed decisively to the upside on inflation and to the downside on growth.” Chance of recession:
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
35 percent
</span>
.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Citigroup
</span>
’s global economist Nathan Sheets and his team say recession probabilities are “appreciable and rising.” Chance of recession:
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
50 percent
</span>
.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Counting on it:
</span>
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding:0 0 5px">
<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Deutsche Bank
</span>
’s chief U.S. economist, Matthew Luzzetti, and his team had been looking for a recession by the end of 2023, but now they predict it will come earlier. Chance of recession:
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Likely
</span>
.
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Wells Fargo
</span>
’s Jay Bryson, the bank’s chief economist, says a recession “seems more likely than not,” though it won’t be “especially deep.” Chance of recession:
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Likely
</span>
.
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td style="padding-bottom:15px">
</td>
</tr>
<tr>
<td style="padding-bottom:15px;border-top:1px solid #dcdcdc">
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<td align="left">
<h2 class="css-12n1aic el2acgh0" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
“A lot of people who seemed quite reputable had a lot of confidence. The smaller people get taken advantage of.”
</h2>
</td>
</tr>
</tbody>
</table>
</div>
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<table cellpadding="0" width="100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-style:italic;font-size:inherit">
—
</span>
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
</span>
<span style="font-style:italic;font-size:inherit">
Ben Thompson of Sydney, Australia, who lost about $45,000 in the crypto crash. As ordinary investors suffer big losses, top executives of crypto companies
</span>
<span style="font-style:italic;font-size:inherit">
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
have emerged relatively unscathed
</a>
</span>
<span style="font-style:italic;font-size:inherit">
.
</span>
</p>
</td>
</tr>
</tbody>
</table>
</div>
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<table cellpadding="0" width="100%">
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<td style="padding-bottom:15px">
</td>
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<td style="padding-bottom:15px;border-top:1px solid #dcdcdc">
</td>
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</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<td align="left">
<h2 class="css-12n1aic el2acgh0" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
Disney’s Chapek gets more time as C.E.O.
</h2>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
After months of speculation, The Walt Disney Company’s board said yesterday that it had
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
renewed Bob Chapek’s contract as C.E.O.
</a>
for another three years in a unanimous vote. Chapek, who
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
took over from Bob Iger in 2020
</a>
, has delivered results that have topped Wall Street’s expectations. But he has also been in charge while Disney’s stock price has dropped nearly 40 percent, in part because of the
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
political maelstrom
</a>
the company found itself in over its response to a new education law in Florida.
</p>
</td>
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</tbody>
</table>
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<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Chapek’s big bet on streaming has paid off.
</span>
Disney added nearly 20 million new subscribers worldwide to its streaming service, Disney+, over the company’s past two fiscal quarters, about 60 percent more than analysts had predicted. But investors have become spooked about the future of streaming, with Netflix losing subscribers for the first time in a decade, prompting a wider sell-off in media stocks.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
The contract renewal might mean Chapek can put the Florida debacle behind him
</span>
. After trying to avoid taking a public stance on the
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
education law
</a>
— which restricts classroom discussion of sexual orientation and gender identity in some grades — Chapek forcefully denounced the bill. That angered Florida’s Republican governor, who revoked Disney World’s designation as a special tax district.
</p>
</td>
</tr>
</tbody>
</table>
</div>
<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
<tbody>
<tr>
<td align="left">
<p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
<span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
Still, the C.E.O. faces a daunting to-do list
</span>
. Disney’s balance sheet is still recovering from the coronavirus pandemic. Employee morale needs improving. The company’s business in China has been struggling. Some investors are worried that a possible recession could hurt park attendance and guest spending, and Disney needs the cash to offset losses at its streaming division, which is not expected to be profitable until 2024. Chapek is “the right leader at the right time,” said Susan Arnold, a board chairwoman.
</p>
</td>
</tr>
</tbody>
</table>
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<h3 class="css-132hdgt e8bxl341" style="color:#000;font:700 16px/24px arial,sans-serif;margin:8px 0 25px 0;letter-spacing:.2px">
THE SPEED READ
</h3>
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Deals
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<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Walgreens
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
abandoned a sale of Boots
</a>
, the British drugstore chain, after failing to get the valuation it wanted. (Bloomberg)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Creative Artists Agency completed its acquisition of
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
its smaller rival ICM.
</a>
(NYT)
</span>
</li>
</ul>
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Policy
</span>
</p>
</td>
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</tbody>
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<div style="margin:0 auto;max-width:600px;width:100%">
<table cellpadding="0" width="100%">
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<ul class="css-27qc8p e1darl2c0" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
An F.C.C. commissioner wants Apple and Google to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
remove TikTok’s app from their app stores
</a>
. (CNBC)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Residents of California are getting
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
an inflation bailout
</a>
. (CNBC)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Facebook and Instagram are quick to
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
remove posts offering abortion pills by mail
</a>
, but not so for guns or marijuana. (AP)
</span>
</li>
<li class="css-11scvta e1y8brq21" style="line-height:27.5px;margin:0 0 10px 0">
<span style="font-size:17px;line-height:25px">
Remote work has not ended
<a class="css-5nb5nb et1n85g0" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
the gender gap
</a>
. (Fortune)
</span>
</li>
</ul>
</td>
</tr>
</tbody>
</table>
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The
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H&M
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2 years, 11 months ago - nytdirect@nytimes.com
DealBook: Jan. 6 and corporate leadership
Plus: The odds of a recession. View in browser|nytimes.comContinue reading the main storyJune 29,...