Tag: House of Representatives

Elon Musk Takes on Apple and Its App Store

Chin@Strategy

Leon Black is accused of raping a woman at Jeffrey Epstein’s home in 2002. Cheri Pierson sued Black, the former Apollo Global Management C.E.O., becoming the second woman to publicly accuse him of sexual assault. A lawyer for Mr. Black denied Pierson’s claims and called them an extortion attempt. Bob Iger commits to reining in expenses at Disney. At his first companywide meeting on Monday, the recently rehired Disney C.E.O. said that he would keep a hiring freeze in place and that Disney+ would focus on turning a profit over…

Democrats Renew Push for Industrial Policy Bill Aimed at China

Chin@Strategy

WASHINGTON — Biden administration officials and Democrats in Congress are pushing to revive stalled legislation that would pour billions of dollars into scientific research and development and shore up domestic manufacturing, amid deep differences on Capitol Hill about the best way to counter China and confront persistent supply chain woes. House Democrats unveiled a 2,900-page bill on Tuesday evening that would authorize $45 billion in grants and loans to support supply chain resilience and American manufacturing, along with providing billions of dollars in new funding for scientific research. Speaker Nancy…

U.S. Effort to Combat Forced Labor Targets Corporate China Ties

Chin@Strategy

A far-reaching bill aimed at barring products made with forced labor in China became law after President Biden signed the bill on Thursday. But the next four months — during which the Biden administration will convene hearings to investigate how pervasive forced labor is and what to do about it — will be crucial in determining how far the legislation goes in altering the behavior of companies that source products from China. While it is against U.S. law to knowingly import goods made with slave labor, the Uyghur Forced Labor…

Your Monday Briefing

Chin@Strategy

Good morning. We’re covering China’s rewriting of history, the U.S. infrastructure vote and India’s weakening moral authority. Xi Jinping sets his legacy China’s top leader will most likely take center stage in a new official summation of Communist Party history. The document is likely to exalt Xi, 68, as a peer of Mao Zedong and Deng Xiaoping before his expected re-election at a party congress late next year. The summation is sure to become the focus of an intense indoctrination campaign — in schools, culture and censorship laws — that…