Time to Pay Up Airlines!
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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)
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