Jun 6, 2017

Updated federal guidelines on self-driving cars coming soon

AP

The Department of Transportation plans to release revised self-driving car guidelines sometime in the next few months, Transportation Secretary Elaine Chao said Monday in Detroit, Reuters reports.

  • "The pressure is mounting for the federal government to do something" about autonomous vehicles," Chao said, but added rigid rules weren't the answer. "We don't want rules that impede future technological advances."
  • She didn't provide details, but said the rules would support industry innovation and aim to encourage new entrants and safer vehicles.

Why it matters: The Obama administration released proposed policy guidance, but companies investing billions of dollars in developing self-driving cars say they need more concrete rules around how they certify the equipment and benchmarks they need to meet. These standards, which today's carmakers already adhere to, will help in adoption of the technology and give the government visibility into how the industry is developing.

Go deeper

Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.

Coronavirus updates: California monitors 8,400 potential cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 1 hour ago - Health

Watchdog opens probe into VA secretary over handling of sexual assault claim

VA Secretary Robert Wilkie on Fox Business Network’s "The Evening Edit" on Jan. 7. Photo: Steven Ferdman/Getty Images

The Department of Veterans Affairs Inspector General Michael Missal said Thursday he had opened an investigation into VA Secretary Robert Wilkie after lawmakers demanded an inquiry into his handling of a sexual misconduct report, the Washington Post reports.

Context: Wilkie allegedly "worked to discredit" the credibility of Democratic aide and veteran Andrea Goldstein after she reported last fall "that a man groped and propositioned her in the main lobby of the agency's D.C. Medical Center," a senior VA official told the Post.