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It’s been a bumpy ride for Uber $UBER, which lost billions of dollars under founder Travis Kalanick, subsidizing rides to win users away from traditional taxi and car rental services. But it looks like under the leadership of CEO Dara Khosrowshahi, who arrived in 2017, the ride-hailing app is finally back in the good graces of investors—and riders.
Since cratering in mid-2022, Uber’s share price has boomed about 275%, as it sits on a firm three-quarters of the U.S. rideshare market and is finally making a profit on every ride. Q1 revenue of $11.5 billion was up more than 13% from a year earlier, and the bookings grew 18% year-over-year to $44.2 billion. Just three years ago, investors and Uber watchers were writing off the company — its market was saturated, lower-cost competitors were eating its lunch, and the company faced a slew of lawsuits over its employment practices. Here’s what’s made Uber rise again:
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TrumplandiaWASHINGTON (AP) — House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package, with Speaker Mike Johnson defying the skeptics and unifying his ranks to muscle President Donald Trump’s priority bill to approval Thursday.
With last-minute concessions and stark warnings from Trump, the Republican holdouts largely dropped their opposition to salvage the “One Big Beautiful Bill” that’s central to the GOP agenda. The House launched debate before midnight and by dawn the vote was called, 215-214, with Democrats staunchly opposed. It next goes to the Senate, with long negotiations ahead.
“To put it simply, this bill gets Americans back to winning again,” said Johnson, R-La.
The outcome caps an intense time on Capitol Hill, with days of private negotiations and public committee hearings, many happening back-to-back, around-the-clock. Republicans insisted their sprawling 1,000-page-plus package was what voters sent them to Congress — and Trump to the White House — to accomplish. They believe it will be “rocket fuel,” as one put it during debate, for the uneasy U.S. economy.
Trump himself demanded action, visiting House Republicans at Tuesday’s conference meeting and hosting GOP leaders and the holdouts for a lengthy session Wednesday at the White House. Before the vote, the administration warned in a pointed statement that failure “would be the ultimate betrayal.”
After the legislation’s passage, Trump posted on social media: “Thank you to every Republican who voted YES on this Historic Bill! Now, it’s time for our friends in the United States Senate to get to work.”
The Senate hopes to wrap up its version by the Fourth of July holiday.
Central to the package is the GOP’s commitment to extending some $4.5 trillion in tax breaks they engineered during Trump’s first term in 2017, while temporarily adding new ones he campaigned on during his 2024 campaign, including no taxes on tips, overtime pay, car loan interest and others.
To make up for some of the lost tax revenue, the Republicans focused on changes to Medicaid and the food stamps program, largely by imposing work requirements on many of those receiving benefits. There’s also a massive rollback of green energy tax breaks from the Biden-era Inflation Reduction Act.
Additionally, the package tacks on $350 billion in new spending, with about $150 billion going to the Pentagon, including for the president’s new “ Golden Dome” defense shield, and the rest for Trump’s mass deportation and border security agenda.
All told, the nonpartisan Congressional Budget Office estimates 8.6 million fewer people would have health care coverage and 3 million less people a month would have SNAP food stamps benefits with the proposed changes.
The CBO said the tax provisions would increase federal deficits by $3.8 trillion over the decade, while the changes to Medicaid, food stamps and other services would tally $1 trillion in reduced spending. The lowest-income households in the U.S. would see their resources drop, while the highest ones would see a boost, it said.
House Democratic leader Hakeem Jeffries of New York read letters from Americans describing the way the program cuts would hurt them. “This is one big ugly bill,” he said.
As the minority, without the votes to stop Trump’s package, Democrats instead offered up impassioned speeches and procedural moves to stall its advance. As soon as the House floor reopened for debate, the Democrats forced a vote to adjourn. It failed.
In “the dark of night they want to pass this GOP tax scam,” said Rep. Pete Aguilar, D-Calif.
Other Democrats called it a “big, bad bill” or a “big, broken promise.”
Pulling the package together before his Memorial Day deadline has been an enormous political lift for Johnson, with few votes to spare from his slim GOP majority whose rank-and-file Republicans have conflicting priorities of their own.
Conservatives, particularly from the House Freedom Caucus, held out for steeper spending cuts to defray costs piling onto the nation’s $36 trillion debt.
At the same time, more moderate and centrist GOP lawmakers were wary of the changes to Medicaid that could result in lost health care for their constituents. And some worried the phaseout of the renewable energy tax breaks will impede businesses using them to invest in green energy projects in many states.
One big problem had been the costly deal with GOP lawmakers from New York and other high-tax states to quadruple the $10,000 deduction for state and local taxes, called SALT, to $40,000 for incomes up to $500,000, which was included in the final product.
For every faction Johnson tried to satisfy, another would roar in opposition.
Late in the night, GOP leaders unveiled a 42-page amendment with a number of revisions.
The changes included speedier implementation of the Medicaid work requirements, which will begin in December 2026, rather than January 2029, and a faster roll back of the production tax credits for clean electricity projects, both sought by the conservatives.
Also tucked into the final version were some unexpected additions — including a $12 billion fund for the Department of Homeland Security to reimburse states that help federal officials with deportations and border security.
And in a nod to Trump’s influence, the Republicans renamed a proposed new children’s savings program after the president, changing it from MAGA accounts — money account for growth and advancement — to simply “Trump” accounts.
Rep. Erin Houchin, R-Ind., said Americans shouldn’t believe the dire predictions from Democrats about the impact of the bill. “We can unlock the ‘Golden Age’ of America,” she said, echoing the president’s own words.
By early morning hours, the chief holdouts appeared to be falling in line. Rep. Ralph Norman, R-S.C., said they “got some improvements.”
But two Republicans voted against the package, including Rep. Thomas Massie of Kentucky, a deficit watcher who had been publicly criticized by Trump, remained unmoved. “This bill is a debt bomb ticking,” he warned.
And Rep. Andy Harris, the chairman of the Freedom Caucus who wanted more time, voted present. Some others did not vote.
Final analysis of the overall package’s costs and economic impacts are still being assessed.
Along with extending existing tax breaks, it would increase the standard income tax deduction, to $32,000 for joint filers, and boost the child tax credit to $2,500. There would be an enhanced deduction, of $4,000, for older adults of certain income levels, to help defray taxes on Social Security income.
To cut spending, those seeking Medicaid health care, who are able-bodied adults without dependents, would need to fulfill 80 hours a month on a job or in other community activities.
Similarly, to receive food stamps through SNAP, those up to age 64, rather than 54, who are able-bodied and without dependents, would need to meet the 80 hours a month work or community engagement requirements. Additionally, some parents of children older than 7 years old would need to fulfill the work requirements.
Republicans said they want to root out waste, fraud and abuse in the federal programs.
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Associated Press writers Matt Brown and Joey Cappelletti contributed to this report.
Nike is going to start selling its products directly on Amazon’s U.S. website for the first time since 2019 as the company looks for more ways to bring goods to customers and boost sales.
Nike, which sells footwear, clothing and other items, cut ties with Amazon at a time when the online retailer was trying to lure big brands to its website. While Nike stopped selling its sneakers and athletic gear directly to Amazon in 2019, Nike’s goods were still available on Amazon.com, sold by independent sellers that list their merchandise directly on Amazon’s marketplace.
Now Nike is resuming its direct relationship with Amazon.
“Nike is investing in our marketplace to ensure we’re offering the right products, best services, and tailored experiences to consumers wherever and however they choose to shop,” the company said in a statement. “This includes expanding to new digital accounts, including Amazon in the U.S., new physical partners like Printemps (a French luxury department store chain), elevating retail experiences across the marketplace, and launching Nike’s AI powered conversational search to improve our online services.”
Amazon is navigating its way through bringing Nike back on board.
“While independent sellers have listed some Nike inventory in our store for many years, Amazon will soon begin sourcing a much wider range of Nike products directly to expand our selection for U.S. customers,” an Amazon spokesperson said in a statement. “We value independent sellers, and we’re providing an extended period of time for the small number of sellers affected to sell through their inventory of overlapping items.”
When Nike announced the pilot program with Amazon.com in 2017, it hoped that it would have more control over the brand. Amazon acknowledged at the time that there were problematic sales of counterfeit goods on its site and implemented some tools to try to stop them.
Nike is reestablishing a more direct relationship with Amazon at a time when its sales are weakening.
In March the Beaverton, Oregon, company reported that its third-quarter sales fell 9% to $11.27 billion as revenue declined for the Nike brand and Converse.
Jefferies’ Randal Konik is supportive of Nike reconnecting with Amazon.
“We like this move by Nike plain and simple,” he wrote in a note to clients. “Amazon is the largest e-commerce platform and the move further cements Nike’s brand ubiquity.”
Shares of Nike rose more than 2% in Thursday afternoon trading.
TALLAHASSEE, Fla. (AP) — A federal judge on Wednesday rejected arguments made by an artificial intelligence company that its chatbots are protected by the First Amendment — at least for now. The developers behind Character.AI are seeking to dismiss a lawsuit alleging the company’s chatbots pushed a teenage boy to kill himself.
The judge’s order will allow the wrongful death lawsuit to proceed, in what legal experts say is among the latest constitutional tests of artificial intelligence.
The suit was filed by a mother from Florida, Megan Garcia, who alleges that her 14-year-old son Sewell Setzer III fell victim to a Character.AI chatbot that pulled him into what she described as an emotionally and sexually abusive relationship that led to his suicide.
Meetali Jain of the Tech Justice Law Project, one of the attorneys for Garcia, said the judge’s order sends a message that Silicon Valley “needs to stop and think and impose guardrails before it launches products to market.”
The suit against Character Technologies, the company behind Character.AI, also names individual developers and Google as defendants. It has drawn the attention of legal experts and AI watchers in the U.S. and beyond, as the technology rapidly reshapes workplaces, marketplaces and relationships despite what experts warn are potentially existential risks.
“The order certainly sets it up as a potential test case for some broader issues involving AI,” said Lyrissa Barnett Lidsky, a law professor at the University of Florida with a focus on the First Amendment and artificial intelligence.
The lawsuit alleges that in the final months of his life, Setzer became increasingly isolated from reality as he engaged in sexualized conversations with the bot, which was patterned after a fictional character from the television show “Game of Thrones.” In his final moments, the bot told Setzer it loved him and urged the teen to “come home to me as soon as possible,” according to screenshots of the exchanges. Moments after receiving the message, Setzer shot himself, according to legal filings.
In a statement, a spokesperson for Character.AI pointed to a number of safety features the company has implemented, including guardrails for children and suicide prevention resources that were announced the day the lawsuit was filed.
“We care deeply about the safety of our users and our goal is to provide a space that is engaging and safe,” the statement said.
Attorneys for the developers want the case dismissed because they say chatbots deserve First Amendment protections, and ruling otherwise could have a “chilling effect” on the AI industry.
In her order Wednesday, U.S. Senior District Judge Anne Conway rejected some of the defendants’ free speech claims, saying she’s “not prepared” to hold that the chatbots’ output constitutes speech “at this stage.”
Conway did find that Character Technologies can assert the First Amendment rights of its users, who she found have a right to receive the “speech” of the chatbots. She also determined Garcia can move forward with claims that Google can be held liable for its alleged role in helping develop Character.AI. Some of the founders of the platform had previously worked on building AI at Google, and the suit says the tech giant was “aware of the risks” of the technology.
“We strongly disagree with this decision,” said Google spokesperson José Castañeda. ”Google and Character AI are entirely separate, and Google did not create, design, or manage Character AI’s app or any component part of it.”
No matter how the lawsuit plays out, Lidsky says the case is a warning of “the dangers of entrusting our emotional and mental health to AI companies.”
“It’s a warning to parents that social media and generative AI devices are not always harmless,” she said.
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EDITOR’S NOTE — If you or someone you know needs help, the national suicide and crisis lifeline in the U.S. is available by calling or texting 988.
___ Kate Payne is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
The smoke that filled the cabin of a Delta flight as it took off from the Atlanta airport in February was so thick that the lead flight attendant had trouble seeing past the first row of passengers and the pilots donned oxygen masks as a precaution.
The National Transportation Safety Board said in a preliminary report Wednesday that the plane quickly returned to the airport on the morning of Feb. 24 and evacuated all 99 people aboard. Two people sustained minor injuries during the evacuation, but no one was hurt by the smoke.
Initially, the airline described the incident as just a haze inside the Boeing 717 aircraft. A Delta spokesman said he couldn’t comment during the NTSB’s ongoing investigation that the airline is cooperating with.
The flight attendants reported that the smoke began near one of the doors in the front of the plane before it also started coming out of all the vents throughout the plane, according to the report. The flight attendants tried contacting the pilots but initially couldn’t reach them because they were focused on emergency procedures and flying the plane.
The flight attendants assured passengers they were trained for the situation and asked them to remain calm.
Shortly after the smoke appeared, the NTSB said, the pilots got a low oil pressure alarm for the right engine, so they shut it down as they were returning to the airport. When maintenance personnel inspected that engine after the plane landed they found little or no oil in the engine.
The NTSB hasn’t determined if that oil leak was the cause of the smoke. That won’t be established until the agency completes its full report sometime next year.
The plane was met by firefighters when it landed, and when the pilots opened the flight deck door, they “noticed a tremendous amount of smoke in the cabin, and the captain immediately ordered an evacuation,” the report said.
Passengers evacuated the plane through a combination of the emergency slides at the front and back of the plane and climbing off the wing.
The flight’s destination had been Columbia, South Carolina.
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