Articles by Shubham Kalia and ShubhenduSatish Deshmukh

Uber Pays New Jersey Back Taxes of $100M Over Driver Employment Classification

Uber Technologies Inc. said on Monday it back-paid New Jersey $100 million in unemployment taxes over classifying drivers as contractors, but added that it did not agree with the state’s view that drivers were “employees.” Uber also said it only …

California DMV Reevaluating Approach to Regulating Tesla’s Public Self-Driving Test

California is reevaluating Tesla Inc’s Full Self-Driving test program, to determine if the electric-car maker’s software should fall under its motor vehicle department’s autonomous vehicle regulations, the Los Angeles Times reported on Tuesday. FSD is an advanced driver assistance system …

CDC Describes Delta Variant as Highly Contagious – Report

The U.S. Centers for Disease Control and Prevention (CDC) has described the Delta variant of the coronavirus as being as transmissible as chickenpox and cautioned it could cause severe disease, the Washington Post said, citing an internal CDC document. The …

Purdue’s Creditors Back Bankruptcy Plan That Would Pay 3,000 Opioid Lawsuits

OxyContin maker Purdue Pharma LP said on Tuesday that creditors voted in favor of its reorganization plan that would provide billions of dollars to the governments that sued the company for its role in the U.S. opioid crisis. More than …

Berkshire Hathaway’s Q3 Profit Tops Expectations

Berkshire Hathaway Inc. said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s inability to deploy the conglomerate’s cash. Berkshire benefited as …