(Any opinions expressed here are those of the author and not of Thomson Reuters)
from Reuters News Now:
A driver of a Tesla Model S was killed in an accident while using the car's Autopilot mode, prompting a government investigation of 25,000 Tesla cars using the nascent technology. It's the first known death to involve a Model S operating on Autopilot (the company's name for its software). On a clear day on May 7, a tractor trailer made a left-hand turn in front of 40-year-old Joshua Brown's Model S. "Neither Autopilot nor the driver noticed the white side of the tractor against a brightly lit sky, so the brake was not applied," Tesla said in a blog post. Tesla disclosed the investigation yesterday.
from Keeping Score:
Athletic apparel brand Under Armour is taking advantage of a new rule to conduct guerrilla marketing at the summer Olympics, following in the footsteps of rival Nike. Plus, another golfer takes a pass on the games due to Zika, and talking golf and tennis with a tennis hall of famer who had a role with a PGA Tour stop. A packed show on this week’s Keeping Score with Rick Horrow.
from Alison Frankel:
The biggest money-damages antitrust settlement in U.S. history died Thursday at the 2nd U.S. Court of Appeals. Not because of last year's scandal surrounding leaks to a onetime MasterCard lawyer since charged with fraud, but because the agreement between credit card giants MasterCard, Visa and the merchants suing them for inflating certain fees was fundamentally unfair to some of the retailers.
from Reuters News Now:
Boris Johnson bailed out of the race to replace David Cameron as Britain's prime minister, conceding the field to his one-time Brexit ally, Justice Minister Michael Gove. The two men led the campaign for Britain to leave the European Union for the Conservative Party. But Gove said this morning he had come "reluctantly, to the conclusion that Boris cannot provide the leadership or build the team for the task ahead."
UK markets, like the Roman god Janus, have two faces. A week on from Britain’s vote to leave the European Union, equity markets present a view that things won’t be too much worse than the past. Falling government bond yields point to a bleaker future. The pessimistic thesis has more going for it.