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Donald Trump pleaded not guilty at his arraignment. The former president was charged with 34 felonies that altogether carry a maximum sentence of 136 years behind bars.
Frank’s founder was charged with fraud. Charlie Javice is accused of defrauding JPMorgan, which bought the student loan startup for $175 million in 2021.
J&J quadrupled its offer to settle cancer lawsuits related to its baby powder. The company is now offering $8.9 billion to the 60,000 claimants.
Around 5,000 workers took up a pay offer to quit General Motors. The automaker’s alternative to mass layoffs proved popular.
A proposed law in Italy seeks to ban the use of foreign words. A proposal from a ruling party lawmaker echoes Fascist-era rules.
Australia is feeding China’s EV battery dominance
Australia is close to reaching a milestone in the global energy shift away from fossil fuels and toward renewable sources: Within five years, the country will earn as much from exporting lithium, the mineral at the heart of current battery technology, as it does from thermal coal.
Australia’s lithium exports are helping to feed China’s EV battery dominance—96% of Australia’s lithium exports went to China as of 2022. But as Quartz reporter Mary Hui explains in the second part of her three-part series (here’s part one if you missed it), Australia isn’t the only country that China is targeting in its race to dominate the global rare earths economy.
The Disney-DeSantis duel deepens
“While a company has First Amendment rights, it does not have the right to run its own government and operate outside the bounds of Florida law. The Florida Legislature and Gov. DeSantis worked to put Disney on an even playing field, and Disney got caught attempting to undermine Florida’s duly-enacted legislation in the 11th hour.”
—Taryn Fenske, a spokesperson for Florida Gov. Ron DeSantis, in response to Disney CEO Bob Iger’s criticism of the state’s repeated attacks on the entertainment giant, including a new investigation into its outgoing board.
The US job market is cooling off
The US economy’s demand for workers is finally waning: The number of job openings fell by 632,000 in February, continuing a rapid decline that started in January. That may be good news for inflation, but it’s not-so-good news for worker’s negotiating power.
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