When Brussels blocked Amazon's rescue of iRobot, an American company was regulated out of existence and a Chinese buyer took the spoils. The Digital Markets Act and Digital Services Act are doing the same to firms across Silicon Valley. President Trump should widen his Section 301 offensive to the EU.
Earlier this year, iRobot, the company that made the Roomba, filed for bankruptcy and was sold off to a Chinese supplier. The cause was a decision made in Brussels, three years ago, to block Amazon’s rescue offer. Thusly, an American company was regulated out of existence by a foreign bureaucracy. A Chinese competitor inherited the spoils, which is a fair summary of how the European Union’s (EU) so-called consumer protections work in the real world. iRobot is no isolated case. The EU has built an entire regulatory architecture for precisely this purpose, with two pieces of legislation: the Digital Markets Act (DMA) and the Digital Services Act (DSA), marketed as consumer protection but functioning as industrial policy directed at firms…Open
Texas Children’s Hospital was under investigation for billing practices on gender-transition treatments. The settlement was expected to end that inquiry.
The language had been removed from wall text in the National Portrait Gallery, but it’s back as the museum unveiled changes to its exhibition on U.S. presidents.
Rainmaker is leading the charge on cloud seeding, a weather-changing technology used to create new water in areas of dire need. The company's CEO warns that without cloud seeding, there's a risk of millions of people being displaced and natural beauty being destroyed. More: https://tinyurl.com/mtcjzdm9 #cloudseeding #weather #technology
The Supreme Court denied an emergency effort from Virginia Democrats to revive their chances of redrawing the state's congressional maps before the November midterms. Why it matters: Virginia's redistricting push is officially dead. Driving the news: In a brief order on Friday, the justices declined state Democrats' emergency request to pause the Virginia Supreme Court's ruling — which struck down the voter-approved redistricting plan — to buy time to craft an appeal. - The justices didn't give a reason for the denial. This is a developing story. Check back for updates
