Tesla has agreed to modify a feature that lets drivers play video games on the front-center touch screen while the car is in motion, a National Highway Traffic Safety Administration spokesperson said Thursday.
Driving the news: The change came just a day NHTSA opened a probe into some Tesla models over the feature, known as Passenger Play, on the grounds that it "may distract the driver and increase the risk of a crash."
Thomas H. Lee Partners is joining Linden Capital Partners as an equal investor in orthodontics chain Smile Doctors, at a $2.4 billion valuation, sources tell Axios.
Look ahead: Linden next year plans to run a secondaries process that would move Smile Brands into a continuation fund, one of the sources said, providing it with more time and capital to manage, and ride, Smile Doctors' growth.
A new generation of social media networks are planning to go public in 2022, while Big Tech rivals face massive regulatory and competitive pressures.
Why it matters: As more industries move online — including commerce, gaming and gambling — more social networks will rise and use Wall Street to finance growth.
A Louisiana-based oil company will pay $43 million in civil penalties and damages and $432 million to a clean-up trust fund over a spill in the Gulf of Mexico, the Justice Department announced Wednesday.
Why it matters: Taylor Energy's former Gulf of Mexico offshore oil production facility is the source of the longest-running oil spill in U.S. history, ongoing since 2004, per a Department of Justice statement.
