Warren urges SEC to investigate Tesla over Twitter ties
Warren sends a letter to the U.S. Securities and Exchange Commission, urging them to investigate Tesla over possible conflicts of interest, misappropriation of corporate assets, and other negative impacts to Tesla shareholders related to Musk’s Twitter takeover. Warren says the Tesla board’s “apparent lack of independence” from Musk raises questions about possible violations of security laws and exchange rules which fall under SEC’s jurisdiction.
Oppose cable Merger
U.S. Sens. Markey and Warren urge the Obama administration to block Comcast’s proposal for a$45.2 billion acquisition of Time Warner Cable, saying the merger is bad for consumers.The lack of competition will only “make things worse” for consumers already frustrated by increasingly high cable and Internet bills. In a letter to Attorney General Eric Holder and FCC Chairman Tom Wheeler:
Today’s world demands affordable access to high-quality Internet and TV services. Should the transaction survive the FCC’s and DOJ’s reviews, we believe that Comcast-TWC’s unmatched power in the telecommunications industry would lead to higher prices, fewer choices, and poorer quality services for Americans.