A 30-foot memorial was unveiled on Saturday at a public dedication ceremony for the El Paso Walmart mass shooting victims, ABC News reports.
Details: The memorial, named "Grand Candela", consists of 22 individual aluminum arcs that are grouped together and illuminated to resemble a candle. The arcs on the permanent monument represent the 22 people who died in the attack.
Confusion around what will happen to Chinese drones, under fire from lawmakers and federal agencies, is causing a stir even before any new laws are passed.
Why it matters: No other company's offerings come close to DJI's cheap, powerful drones, experts say — potentially leaving government agencies, police and first responders in the lurch if DJI is shut out.
Driven by fears of spying, the U.S. is taking dramatic steps toward weaning local, state and federal agencies off products made by DJI, the Chinese small-drone giant.
Yes, but: The company's defenders say the moves are motivated as much by hard-line politics toward China as an attempt to head off a genuine security threat.
L Brands, the parent company of Victoria's Secret, announced this week that the retailer will not hold its annual fashion show this year, the New York Times reports.
The big picture: Victoria's Secret "has struggled to find its footing through multiple challenges. Consumers have come to see the brand as anachronistic, out of place in the #MeToo era as offering an objectifying view of female beauty," the Times writes.
Political ads have become a flashpoint ahead of the 2020 election, in part because new technologies make it nearly impossible to apply a universal definition of them to all advertising channels.
Why it matters: Without a commonly accepted definition of what a political ad is, efforts to regulate them have been challenging. Experts worry that without smart regulation of political ads, free speech — a tenet of democracy — can be gamed.
Former New York City mayor and billionaire Michael Bloomberg announced a $31 million TV ad campaign on Friday in several key primary states ahead of an anticipated announcement to enter the 2020 Democratic primary race for president, NBC News reports, citing Advertising Analytics.
Why it matters: The reported figure would be the single biggest ad buy in American campaign history, with Barack Obama holding the previous record at $30 million in 2012. Bloomberg's first ad spend comes as he has filed paperwork to jump into the race, but his campaign team says he has not made a final decision.
Why it matters: Johnson is the company's longest-serving executive, and Airbnb's executive changes are being closely watched as it gears up for a long-awaited IPO.
This week there was a pair of lower-level government roadblocks for the gig economy's path to profitability.
Driving the news: New Jersey fined Uber $649 million for years of back-taxes, including $119 million in interest, for allegedly misclassifying its drivers as independent contractors instead of as employees.
Driving the news: President Trump spent a chunk of the interview repeating a debunked conspiracy theory that Ukraine interfered in the 2016 presidential election. "That's what the word is," he claimed without evidence.
Bridgewater Associates bet more than $1 billion that either the S&P 500, the Euro Stoxx 50 or both will fail by March, the Wall Street Journal reports.
The big picture: The massive wager is one of a growing number of bearish trades as stock markets reach new highs and as some investors worry about a correction. It's also caused the price of some options to rise.
Big retailers like Bed, Bath and Beyond, Target, and TJX Brands are refusing to accept tariff price increases from their brand suppliers, telling the companies they will have to either eat the tariff costs or find another buyer.
Why it matters: This forces the costs of President Trump's trade war with China down to smaller businesses that can hardly afford them, while the big companies keep the impact of tariffs at bay.
