Author Archives: Bloomberg Media

Ajit Pai, chairman of the Federal Communications Commission (FCC), speaks during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Wednesday, March 8, 2017. Pai, a Republican lawyer who was nominated yesterday by U.S. President Donald Trump to serve a second term at the agency, has been on the commission since 2012 and the agencys chairman since being designated by Trump in January. Photographer: Andrew Harrer/Bloomberg

FCC Chief Sparks Clash With Call to Repeal Net Neutrality 

FCC Chief Sparks Clash With Call to Repeal Net Neutrality 

FCC Chairman Ajit Pai discusses his plan to roll back net neutrality rules. He speaks on “Bloomberg Technology.” By Todd Shields, Bloomberg News The chairman of the U.S. Federal Communications Commission proposed rolling back the Obama-era net-neutrality rule, prompting the regulation’s defenders to vow a “tsunami” of resistance. FCC Chairman Ajit Pai said he would

Photo by Drew Anderer/ Pool via Bloomberg News

Trump Orders Review of 1906 Monument Law to Help Oil, Mining 

By Ari Natter, Bloomberg News President Donald Trump ordered a review of as many as 40 large national monuments that have been declared over the past two decades, beginning a process that could lead to the repeal of protections for those lands and new opportunities for oil and mining companies. Trump gave Interior Secretary Ryan

U.S. President Donald Trump speaks as he meets with county sheriffs during a listening session in the Roosevelt Room of the White House in Washington, D.C., U.S., on Tuesday, Feb. 7, 2017. Photographer: Andrew Harrer/Bloomberg

Trump Vows to Fight After Court Loss on Sanctuary Cities 

By Kartikay Mehrotra and Erik Larson, Bloomberg News The Trump administration vowed to keep fighting to cut funding to so-called sanctuary cities and accused the federal judge who blocked its plans of ignoring immigration law. The ruling Tuesday bars President Donald Trump from withholding funds from jurisdictions that refuse to cooperate with federal agencies to

Fox News chairman Roger Ailes as he leaves the News Corp building, July 19, 2016 in New York City. (Photo by Drew Angerer/Getty Images)

Fox News Faces Added Claims of Employee Race Bias in New Suits

By Bob Van Voris and Erik Larson, Bloomberg News Eleven current and former Fox News employees filed a class-action race-bias lawsuit accusing the company of turning a blind eye for years to systemic abuse of workers with darker skin in an attempt to cover for the alleged behavior of Bill O’Reilly and others. The company’s

Rudy Giuliani, former mayor of New York, speaks during the Republican National Convention (RNC) in Cleveland, Ohio, U.S., on Monday, July 18, 2016. Republican factions trying to stop Donald Trump's nomination noisily disrupted a vote on party convention rules, displaying the fissures in the party on  the first day of its national convention. Photographer: David Paul Morris/Bloomberg

Giuliani’s Talk With Erdogan Adds Mystery to U.S. Sanctions Case

By Patricia Hurtado, Greg Farrell, and Christian Berthelsen, Bloomberg News A wealthy Turkish-Iranian gold trader facing U.S. charges that he helped Iran evade U.S. sanctions for sponsoring terrorism has an unlikely ally: Rudy Giuliani. It’s a surprising role for Giuliani, who was dubbed “America’s Mayor” for his uncompromising response to the 2001 terrorist attacks as

The Volkswagen AG (VW) logo. Photographer: Krisztian Bocsi/Bloomberg

VW’s $4.3 Billion U.S. Deal Completed With Court’s Approval

By Margaret Cronin Fisk and Tom Schoenberg, Bloomberg News Volkswagen AG will pay a $4.3 billion penalty for misleading U.S. regulators and customers about its diesel engines’ emissions after a federal judge approved the company’s plea deal, moving the carmaker closer to resolving one of the biggest scandals in automotive history. U.S. District Judge Sean

Photographer: Kiyoshi Ota/Bloomberg

Biotech M&A Falls Off as Trump Dashes Hopes of a New Pharma Boom

By Jared S Hopkins, Bloomberg News After almost three years of booming health-care dealmaking in the U.S., 2017 is off to a slow start. Pharmaceutical and biotech acquisitions totaled $44 billion last quarter, down 13 percent from a year earlier, and 35 percent below the first quarter of 2015, according to data compiled by Bloomberg.

Elizabeth Holmes of Theranos Inc. Photographer: David Paul Morris/Bloomberg

Theranos Investors Say They Were Pressured to Abandon Lawsuit

By Jef Feeley and Caroline Chen, Bloomberg News Theranos Inc. investors accused the company of threatening to file for bankruptcy protection if they don’t agree to give up their rights to sue the firm over its flawed blood-testing business. Officials of Partner Investments LP and two other funds, which invested more than $96 million in

Deputy Attorney General Larry Thompson speaks during a press conference at the Justice Department in Washington, DC, August 21, 2002 regarding the guilty plea of former Enron Corp. finance executive Michael Kopper. Photographer:  Chris Kleponis/ Bloomberg News.

VW’s U.S. Diesel Accord to Be Overseen by Ex-Enron Prosecutor

By Tom Schoenberg, Bloomberg News When Volkswagen AG is sentenced in the U.S. on Friday for rigging emissions tests, it will get a court-appointed monitor to make sure it stays in its lane. That person, according to two people familiar with the matter, is a former chief of the government’s prosecution of Enron who more