Stocks gain...Zuckerberg to Europe...Environmental battles continue
May. 16, 2018
NEW YORK (AP) — Stock indexes have moved higher in afternoon trading, led by gains in big technology names, health care companies and retailers. Macy's led a rally among retailers after reporting surprisingly strong results. Consumer goods companies also posted gains. Safe-play stocks like utilities and real estate companies lagged the market.
BRUSSELS (AP) — Facebook CEO Mark Zuckerberg has agreed to visit the European Parliament to explain his company's recent privacy issues and allegations that it misused personal data. The Parliament president says Zuckerberg may be in Brussels as soon as next week to meet with parliamentary leaders and experts on civil liberties and justice. His visit will come as an aggressive new European data protection law comes into effect. It will give Facebook's millions of European users more control over what companies can do with what they post, search and click.
WASHINGTON (AP) — The Senate is poised to approve legislation designed to reverse the Federal Communications Commission's effort to deregulate the internet. But the House isn't likely to take it up. Still, Democrats see their effort as something that will energize young voters who value unfettered access to the internet.
BILLINGS, Mont. (AP) — Environmental groups are pushing to preserve a rule requiring mining companies to prove they have enough money to clean up pollution. The Trump administration rejected that rule from the Obama era. And the environmental groups are asking a federal appeals court to review that move.
RICHMOND, Va. (AP) — Now that a federal appeals court has vacated a key permit for the Atlantic Coast Pipeline, environmental groups and the main developer of the project are at odds over what happens next. A spokeswoman for Dominion Energy says construction on the 600-mile natural gas pipeline will continue as scheduled. But lawyers for the environmental groups say all work has to stop.