The Trump administration is weighing new trade restrictions that could force factories across the globe to obtain licenses if they want to use U.S. equipment to make chips for Huawei products, the Wall Street Journal reports.
Why it matters: The restrictions "risk disrupting the global supply chain for semiconductors and dent growth for many U.S. companies," the WSJ reports, citing unnamed U.S. industry participants. One goal of the proposed restrictions is for China to see the action as a threat, per the WSJ.
Transportation and energy upgrades are expected to be the big drivers of smart city spending over the next decade.
Why it matters: Global spending on smart city projects will reach nearly $124 billion this year, an 18% increase over 2019, according to IDC, a market research firm.
Ride-sharing companies aren't the traffic solution they'd once hoped to be, the Wall Street Journal reports.
The big picture: "Multiple studies show that Uber and Lyft have pulled people away from buses, subways and walking, and that the apps add to the overall amount of driving in the U.S.," per the Journal.
A jury will begin deliberations in Harvey Weinstein's rape trial on Tuesday without testimony from any police witnesses, the Wall Street Journal reports.
Why it matters: Prosecutors called 28 people to testify throughout the trial, including six women who've accused Weinstein of sexual misconduct. But none of the witnesses were law-enforcement officers. Police witnesses add context to cases that could sway how jurors view the case.
Average economic growth under President Trump has outpaced the growth under Barack Obama, but not all of his recent predecessors.
Why it matters: GDP is the most comprehensive economic scorecard — and something presidents, especially Trump, use as an example of success. And it's especially relevant since Trump is running for re-election on his economic record.
General Motors is retiring its Holden brand from sales in Australia and New Zealand and winding down operations in the two countries and Thailand by 2021, the company confirmed in a statement Monday.
Why it matters: The Holden brand has been in Australia and New Zealand for 160 years, per a GM statement issued in Australia. It is beloved by many motor racing fans down under. Holden produced Australia's first wholly locally made car in 1948.
