Good morning. Federal regulators fined wireless carriers Verizon, AT&T, T-Mobile and Sprint nearly $200 million for sharing customer-location data without consent.

• The allegations: The Federal Communications Commission on Monday said that an investigation found the four carriers sold access to customers’ location data to aggregators, who resold the data to third parties.
   
• Big fines: The FCC said Verizon was fined $46.9 million, AT&T was fined $57.3 million, T-Mobile was fined $80.1 million and Sprint was fined $12.2 million. Sprint and T-Mobile merged in 2020.
   
• Background: The agency first proposed the fines in 2020 following an investigation. At the time, the FCC said the carriers had relied on assurances that location-based services providers would obtain consent from customers before using their information. The FCC failed to ultimately issue the orders several years ago due to partisan deadlock among the regulator’s four commissioners at the time.

Regulator investigates Ford’s hands-free driving system.

U.S. auto-safety regulators have launched an investigation into the safety of Ford Motor’s hands-free driving system, following a pair of recent crashes that left three people dead.

The National Highway Traffic Safety Administration, the auto industry’s top regulator, said in a filing made public Monday that it had received notice of two recent incidents involving BlueCruise, Ford’s driver-assistance system.

Auditors balk at regulator’s push to expand their role.

Auditors are pushing back against recent proposals by the U.S. audit regulator that they say would significantly expand their responsibilities with needless extra work, but which many investors argue would help provide the transparency they have long sought.

The Public Company Accounting Oversight Board says change is necessary. The regulator wants firms to take on a greater role in detecting fraud, as well as begin disclosing nearly a dozen new metrics about their operations and audits. Yet another proposal calls for more details on audit fees and cybersecurity risks, plus a confidential submission of financial statements.

How big data centers are slowing the shift to clean energy.

An explosion of so-called hyperscale data centers in places such as Northern Virginia has upended plans by electric utilities to cut the use of fossil fuels. In some areas, that means burning coal for longer than planned.

These giant data centers will provide computing power needed for artificial intelligence. They are setting off a four-way battle among electric utilities trying to keep the lights on, tech companies that like to tout their climate credentials, consumers angry at rising electricity prices and regulators overseeing investments in the grid and trying to turn it green.

Wall Street has spent billions buying homes. A crackdown Is looming.

Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again.

Democrats in the U.S. Senate and House have sponsored legislation that would force large owners of single-family homes to sell houses to family buyers. A Republican’s bill in the Ohio state legislature aims to drive out institutional owners through heavy taxation.

Lawmakers in Nebraska, California, New York, Minnesota and North Carolina are among those proposing similar laws.

• Elon Musk wrapped up a trip to China in less than 24 hours and came away with a crucial victory as he pushes to reignite Tesla’s sagging growth.
   
• Paramount Global’s board is parting ways with Chief Executive Bob Bakish, a leadership shake-up that comes as the entertainment giant is in the midst of a merger drama and is looking to jump-start its beleaguered business.
   
• Russian forces have seized several villages in eastern Ukraine over the past week, making swift but relatively small gains against threadbare Ukrainian forces who have ceded ground amid a desperate wait for promised U.S. military aid.
   
• A new nuclear reactor reached commercial operation in Georgia on Monday, completing a project whose delays and sticker shock helped upend the near-term prospects for nuclear power in the U.S.
   
• Columbia University began suspending students in a pro-Palestinian encampment on campus who remained past a fresh deadline, as pressure mounted on the school’s president.

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