Securities regulators began investigating last year whether Tesla Inc. misled investors about its Model 3 car production problems, people familiar with the matter told WSJ. The Securities and Exchange Commission subpoenaed a parts supplier for the automaker as part of the probe, one of the people said, well before the regulators began looking into Elon Musk’s tweet last week about taking the company private. “This past year has been the most difficult and painful year of my career,” Mr. Musk said during an hourlong interview with The New York Times. “It was excruciating.” He also put to bed speculation that his price for taking the company private -- $420 -- was not a reference to marijuana. Could the go-private move raise national-security questions in the U.S.?
An employee fired from Tesla Inc.’s Nevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, Jalopnik reports. He accused the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said to Reuters. Mr. Musk said in a direct message to Gizmodo that the man is nuts, using an emoji.
Mr. Musk’s Boring Co. asked the Trump administration to exclude imports of certain Chinese parts for tunneling machinery from imposed tariffs, Bloomberg reports, saying the duties would cause construction delays and economic harm to the company.
New U.S. sanctions against Russia would have a limited impact on its oil industry, Reuters reports, because the sector has already reduced its reliance on Western funding and foreign partnerships, and it is lessening its dependence on imported technology.
Brazilian authorities extended their deadline for reporting the findings of a bribery probe into Rolls-Royce Holdings PLC, Global Investigations Review reports.
A London court withdrew the arrest warrant for mining executive Benedikt Sobotka, FT reports, a month after it was issued as part of a criminal investigation into alleged corruption in sub-Saharan Africa. U.K. authorities now are summoning him to appear “on a date to be determined.” Mr. Sobotka isn’t a suspect in the probe and has said he’d cooperate, but he had failed to appear for questioning.
The Food and Drug Administration approved Teva Pharmaceutical Industries Ltd.’s generic version of Mylan Inc.’s EpiPen injector device for life-threatening allergic reactions, the most widely sold such device in the U.S.
The Federal Reserve on Thursday released Santander Holdings USA lnc. from oversight restrictions imposed in 2015, when the bank was sharply rebuked for failing to meet regulatory standards across several of its business operations.
President Trump called on his attorney general to sue opioid makers, the latest move by his administration to combat the highly addictive painkillers linked to tens of thousands of U.S. deaths a year.
Mr. Trump told trade negotiators to take the time they need to strike an attractive deal on overhauling the North American Free Trade Agreement and sought to put pressure on Canada, which isn’t participating in the latest talks between the U.S. and Mexico.
Some of the firms that manage funds within Australia’s pension system may not be complying with their legal duty to put the interests of customers ahead of their own, Reuters reports, citing comments to a powerful inquiry into financial misconduct.
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