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🗓️ 6 March 2025
⏱️ 3 minutes
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0:31.4 | Here's your TNB Tech Minute for Thursday, March 6th. I'm Julie Chang for the Wall Street Journal. |
0:37.6 | We exclusively report that five Democratic senators have asked the Justice Department to investigate |
0:43.5 | whether Elon Musk is leveraging his influence in the Trump administration to bully advertisers |
0:49.0 | into returning to Musk's social media platform X. |
0:52.6 | The Wall Street Journal reported last month that X pressured interpublic group to spend more |
0:57.5 | on the platform. |
0:58.8 | In a letter dated Wednesday, Senators Elizabeth Warren, Corey Booker, Richard Blumenthal, |
1:03.9 | Adam Schiff, and Chris Van Hollen wrote to Attorney General Pam Bondi, saying that if Musk is |
1:09.6 | using his government position to harm those who do not |
1:12.3 | do business with him, he may be in violation of ethics and extortion rules. X didn't immediately |
1:18.1 | respond to a request for comment and didn't previously comment on the interpublic allegations. |
1:24.0 | There's a new GOP bill aimed at ending the debanking of cryptocurrency companies and |
1:29.4 | conservatives accounts. Senator Tim Scott of South Carolina, who's also the leader of the Senate |
1:34.8 | Banking Committee, introduced a bill today that would prohibit regulators from considering |
1:39.6 | so-called reputational risks when evaluating banks' business practices. Scott called the bill a first |
1:45.8 | step toward ending discrimination against clients. He says regulators worrying about customers |
1:51.0 | causing reputational damage to banks is fueling debanking, where banks allegedly avoid certain businesses. |
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