Technology stocks lead Wall Street rally ... Supreme Court-Trademarks ... Google-Terrorist Propaganda
NEW YORK (AP) — Apple and other big-name technology stocks got back to their winning ways today and helped drive U.S. indexes once again to record heights. The Standard & Poor’s 500 index rose 20.31 points, or 0.8 percent, to 2,453.46 and surpassed its old record, set nearly a week ago, by half a percent. The Dow Jones industrial average added 144.71 points, or 0.7 percent, to 21,528.99, and the Nasdaq composite jumped 87.25, or 1.4 percent, to 6,239.01.
WASHINGTON (AP) — The Supreme Court has struck down part of a law that bans offensive trademarks, ruling in favor of an Asian-American rock band called the Slants and giving a major boost to the Washington Redskins in their separate legal fight over the team name. The justices were unanimous today in saying that the 71-year-old trademark law barring disparaging terms infringes free speech rights guaranteed in the Constitution’s First Amendment.
SAN FRANCISCO (AP) — Google is promising to be more vigilant about preventing terrorist propaganda and other extremist videos from appearing on its YouTube site amid intensifying criticism about the internet’s role in mass violence. Its crackdown will involve both computer programs and an expanded group of people dedicated to identifying videos promoting terrorism so they can be blocked from appearing on YouTube or quickly removed.
BOSTON (AP) — Federal regulators are challenging the planned merger of FanDuel and DraftKings, saying the combination of the two largest daily fantasy sports sites would create a company controlling more than 90 percent of the market.The Federal Trade Commission announced today that it will file a complaint — along with the attorneys general of California and the District of Columbia — seeking to temporarily stop the deal, pending an administrative trial scheduled for Nov. 21. Tad Lipsky, acting director of the commission’s Bureau of Competition, said combining the onetime rivals would “deprive customers of the substantial benefits of direct competition.”
WASHINGTON (AP) — The White House today urged technology CEOs to pitch in on President Donald Trump’s effort to modernize government. Apple CEO Tim Cook and Eric Schmidt, executive chairman of Google parent company Alphabet, were among those attending an afternoon of working groups on issues like technology infrastructure, cybersecurity and visas for foreign workers. The gathering was the first event for a technology-focused effort within the White House Office of American Innovation.