California’s Department of Fair Employment and Housing has filed a state court action against Tesla that alleges “racial discrimination and harassment at the electric-vehicle maker[‘s]” Fremont factory, the company’s “principal U.S. car plant.” The Department reportedly received “hundreds of complaints from workers” about the “racially segregated workplace where Black workers are subjected to racial slurs and discriminated against in job assignments, discipline, pay and promotion” – WSJ and TechCrunch and NYTimes and Bloomberg
Gary Gensler’s SEC took another step towards increasing transparency in the traditionally “more opaque and less regulated” private-equity industry, outlining a series of proposals that ‘would force private funds, including private-equity and hedge funds, to significantly increase their disclosures to the S.E.C. and the industry’s investors, which include wealthy individuals, retirement and pension plans, and university and nonprofit endowments” - NYTimes and WSJ and Law360
The Canadian trucker blockade “at the busiest route linking Canada to the United States” is threatening to “further snarl[] global supply chains, leading to production stoppages and other difficulties for automakers and other manufacturers with dwindling inventories.” The truckers have used the disruption (and media attention) to protest Canada’s pandemic restrictions - NYTimes and WSJ and Bloomberg
And since we’re talking long-haulers, enjoy this deep dive into the current dearth of American truckers - NYTimes
Uber delivered strong quarterly results on Wednesday, with revenue topping $5.8 billion—an 83% increase from a year earlier. Uber cited those expectations-beating numbers as a sign that “its business was bouncing back . . . from the slowdown caused by the pandemic” - NYTimes and WSJ and Bloomberg and MarketWatch
Elsewhere in quarterly reporting, Disney added just shy of 12 million more subscribers to its Disney+ streaming platform. Those additions brings Big Mouse to near 130 million subscribers globally, “handily bearing analyst expectations” - NYTimes and WSJ and Bloomberg and MarketWatch
Details of the Justice Department’s five-year quest to track down the launderers trying to cleanse $3.6 billion in stolen bitcoin - WSJ
The DOJ has signed off on the massive Discovery/WarnerMedia merger that will, when closed, “create one of the biggest media companies in the country” - NYTimes
The latest round of Fed nominees has pledged, if confirmed, to avoid finance-related positions for 4 years after leaving the central bank. The unusual promises come “amid growing concern about the revolving door between Washington and Wall Street” and on the heels of a trading scandal that forced the Fed’s vice chair for supervision to resign earlier than intended - NYTimes
About that land-bridge theory for the first arrival of humans on the North American continent . . . . A geneticist begs to differ - NYTimes
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MDR
The Robins Kaplan Financial Daily Dose features top stories and latest news headlines in financial markets, banking, securities and technology topics.
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