{"id":9926,"date":"2023-05-02T15:58:02","date_gmt":"2023-05-02T22:58:02","guid":{"rendered":"https:\/\/strategic-ba.com\/?p=9926"},"modified":"2023-05-02T16:08:33","modified_gmt":"2023-05-02T23:08:33","slug":"business-update-may-3-2023","status":"publish","type":"post","link":"https:\/\/strategic-ba.com\/business-update-may-3-2023\/","title":{"rendered":"Business Update \u2013 May 3, 2023"},"content":{"rendered":"

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.<\/p>\n

JPMorgan is buying First Republic Bank<\/h3>\n

Following news that First Republic Bank was put into receivership by regulators early Monday, JPMorgan announced it would take over the bank. This makes First Republic Bank the third regional bank to be taken over by federal regulators since March and the second-largest bank failure in US history. <\/a><\/p>\n

Weight loss company Jenny Craig shuts down corporate offices<\/h3>\n

As part of what is expected to be a transition to an e-commerce company, Jenny Craig notified employees that it would close its Carlsbad, California company site and end the majority of its operations at the facility on or around June 24. Its New Jersey facility is also scheduled to close at the same time. <\/a><\/p>\n

Facebook donated to group that fought antitrust legislation<\/h3>\n

A group called American Edge received a $34 million donation from Facebook<\/a> as the organization campaigned against antitrust legislation. <\/p>\n

GM lays off hundreds from product development<\/h3>\n

GM announced it was cutting several hundred full-time contract positions to reduce costs as the automaker moves forward. The majority of those jobs were from its engineering group, which works on future car models. <\/a><\/p>\n

Fox News parts ways with Tucker Carlson<\/h3>\n

Fox News announced it had \u201cagreed to part ways\u201d with Tucker Carlson,<\/a> without providing a reason for the move. The senior executive producer of his show was also let go. According to reports, the decision was made by Fox Corporation CEO Lachlan Murdoch and Fox News CEO Suzanne Scott. <\/p>\n

Lawsuit between DeSantis, board and Disney escalates<\/h3>\n

A board backed by Gov. Ron DeSantis said it planned to counter-sue Disney over the state\u2019s long-running fight for control of Disney\u2019s Florida theme park.<\/a> The counter-suit will be filed in response to Disney\u2019s own lawsuit filed against DeSantis and the board claiming retaliation for Disney speaking out against a Florida bill. <\/p>\n

California to only allow zero-emission trucks by 2045<\/h3>\n

California announced it would require all medium- and heavy-duty trucks operating in the state to be zero-emission by 2045. The Advanced Clean Fleets rule was approved by the California Air Resources Board and also bans the sale of internal combustion engine models by 2036. Trucks that haul in heavy areas\u2013such as ports and warehouse districts\u2013have until 2035 to become zero emission. <\/a><\/p>\n

Writers Guild of America votes to strike<\/h3>\n

In a move that could shut down production on most television shows, the Writers Guild of America voted 98% in favor of going on strike. The last strike by the union was held in 2007 and lasted for 100 days.<\/a> <\/p>\n

Lawsuit filed against FAA regarding test launch of SpaceX\u2019s Starship rocket<\/h3>\n

The April 20 test launch of SpaceX\u2019s Starship rocket resulted in a lawsuit filed against the Federal Aviation Administration by environmentalists and a Native American tribe.<\/a> The groups say the FAA approved the launch too quickly near a sensitive wildlife area without conducting a proper environmental impact review of the nearby tidal flats, marshes and wetlands. <\/p>\n

A recession may be coming<\/h3>\n

Economists at the Federal Reserve fear a mild recession is on the way, and it could last longer than usual. Thanks to turmoil in the banking industry, recovery from the recession could take up to two years. <\/a><\/p>\n

Get in touch<\/h3>\n

Contact us if you have any questions or want to discuss the next steps for your business. <\/p>\n

Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. JPMorgan is buying First Republic Bank Following news that First Republic Bank was put into receivership by regulators early Monday, JPMorgan announced it would take over the bank. This makes First Republic Bank the … Continued<\/a><\/p>\n","protected":false},"author":11,"featured_media":9475,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,67],"tags":[],"acf":[],"yoast_head":"\nBusiness Update \u2013 May 3, 2023 - Strategic Business Alliance, LLC<\/title>\n<meta name=\"description\" content=\"Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 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