Senators of both parties were united in condemning Instagram during a hearing that grew more confrontational and emotionally charged as it went on.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Stocks end modestly higher after a choppy day of trading
The S&P 500 has now recovered all of its losses from its two-week skid heading into this week.
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Posted inBusiness, Nation & World
California pipeline’s leak detection system was not fully working
Cleanup of the 25,000-gallon oil spill cost Amplify Energy $17 million. The company also lost about $45,000 in crude.
Posted inBusiness, Maine
Lobstermen to weigh in on plan for monitoring of boats
The lobster fishing business is facing a host of other new restrictions to try to protect the rare whales.
Posted inBusiness, Nation & World
Biogen’s $56 000 Alzheimer’s drug evades Biden’s cost curbs
Seniors will pay higher premiums so Medicare can set aside a contingency fund to cover Aduhelm.
Posted inBusiness, Nation & World
What caused Amazon’s outage? Will there be more?
Tuesday’s disruption raises questions about the vulnerability of the internet and its domination by a handful of big tech firms.
Posted inBusiness, Nation & World
Judge blocks Biden’s vaccine mandate for federal contractors
A White House spokeswoman said the Justice Department would continue to defend the mandate.
Posted inBusiness, Nation & World
Billionaires’ wealth surged to record during pandemic, report says
The 2,750 of them accumulated $4.1 trillion during a pandemic that put 100 million people into extreme poverty.
Posted inBusiness, Nation & World
Travel bans killing South Africa’s safari tour business
Lodges are experiencing cancellations and few new reservations.
Posted inBusiness, Maine, News, Politics
Long-term state revenue projections ‘volatile,’ Maine lawmakers told
The words of caution come as the Legislature prepares to debate what it should do with $822 million in additional revenue being projected for the current two-year budget.