Business
In a rare move, the FTC issued a statement that revealed it referred a complaint against Snap to the DOJ, alleging that an AI-powered chatbot is harmful to users.
INDUSTRY UPDATES
Transcat, Inc., a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement and control instrumentation, announced via press release that it has acquired privately held Martin Calibration Inc.
Los Angeles-based Verde Bioresins Inc. agreed to be acquired by Nxu Inc. from Humanitario Capital for $16.2 million on Oct. 23.
World & Nation
Former President Trump is refusing to say how he voted on Florida’s abortion measure and he snapped at a reporter asking about it.
California
Newsom signed into law a bill that requires subscription services to provide a one-click option to unsubscribe, among other consumer protections.
Sports
Ricky Stenhouse Jr. snapped a 65-race NASCAR losing streak by winning in OT at Talladega after a late crash collected eight of 12 championship contenders.
Commercial Real Estate
Industrial developer CapRock Partners sold West Valley Logistics, a 270,000-square-foot warehouse in Walnut, to Pleaser USA Inc. for $100 million, or $370 per square foot.
Snap, which created the social media app Snapchat, has agreed to pay $15 million to settle allegations of rampant sex-based discrimination and harassment.
Health & Life Science
Irvine-based Inari Medical Inc. will be acquired by Stryker Corp. for $4.8 billion.
Dodgers
Mookie Betts is at a loss for words as he begins another postseason mired in a slump that threatens to derail the Dodgers’ World Series aspirations.