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This post summarizes some of the significant developments in the Western District of Texas and the Eastern District of Texas for the month of February 2023....more
Lyft is letting go of its self-driving car unit, Level 5—reaching a deal with Toyota’s Woven Planet subsidiary for $200M, with an additional $350M in payments over the next 5 years. Lyft revealed that “unloading Level 5 would...more
The SEC will vote today on what it’s calling Regulation Best Interest, “which says brokers can’t put their own paychecks ahead of a customer’s needs”—the more-industry-acceptable revision of an Obama-era fiduciary duty rule...more
China has put the kibosh on micro-lending, a move that has cut short not just the consumer loans themselves but the giant asset-backed securities market—a $37 billion industry in China last year alone. The new curbs have had...more
Companies including Apple, Google, Tesla, Toyota and Uber are all developing and testing self-driving car technology. Toyota announced in November that it would spend $1 billion over the next five years on research centers...more