The FTC has banned most noncompete agreements, sparking a lawsuit, while the Biden-Harris Administration's DOT mandates airlines to automatically refund passengers. Meanwhile, Tesla's stock declines amid recalls and layoffs, and Alphabet announces its first-ever dividend, boosting its shares.

Macro Recap:

FTC Bans Restrictive Noncompete Clauses  (FTC) (NYT)

New DOT Rule: Automatic Airfare Refunds (ABC) (NPR)

Corporate World Recap:

Tesla's Wild Stock Ride: From Lows to Highs (CNBC) (TV)

Biden Enforces TikTok Divestiture Law ​(AP) (CBS)

Alphabet Announces First Dividend, Huge Buyback (RT) (YT)

Boeing Reports $355M Loss Amid Safety Concerns (ABC) (RT)