Michigan Threatens Enbridge's Profits in Great Lakes Pipeline Dispute

Gov. Gretchen Whitmer and Daniel Eichinger, director of Michigan's natural resources department, remind the company in a letter that the state revoked a permit that allowed the Line 5 pipeline to run along the bottom of the Straits of Mackinac. 


 
Mortgage Lender Better to Go Public in SPAC Deal

The digital startup would merge with Aurora Acquisition and raise nearly $800 million in new capital. 


 
Google Plans to Double AI Ethics Research Staff

Vice President of Engineering Marian Croak also said CEO Sundar Pichai has committed to boost the budget of a team tasked with evaluating code and product to avert harm, discrimination and other problems with AI. 


 
China Threatens Move Against Ericsson Amid Huawei Ban

Beijing is giving Sweden one last chance to reverse its ban on telecommunications-equipment giant Huawei before it could retaliate against rival Ericsson. 


 
Boeing Says 737 MAX Supplier Tect Driven to Bankruptcy by Owners

Boeing said that in return for providing roughly $60 million in bankruptcy financing, it deserves a stake in possible commercial tort claims against Tect's directors and officers for potentially breaching their fiduciary duties to the company, which filed for chapter 11 protection last month. 


 
Cathie Wood's ARK Wasn't Built for a Flood

ARK Invest hasn't done as well for investors as charts suggest, and it has done so through some concentrated bets. 


 
Bumble's Head of Product Design to Join Twitter

Lara Mendonça, known for designing with inclusion and safety in mind, will work to encourage meaningful and healthy interactions on the platform. 


 
Occidental Petroleum Climbing Out of Its Anadarko Hole

Occidental's first-quarter results show long-term investors hope for returns-even if that is sometime in the distant future. 


 
Elliott to Buy Bankrupt Stationery Retailer Paper Source

The hedge fund's bid for the stationary retailer surpassed an earlier offer from an Apollo affiliate. 


 
Uber, Lyft to Provide Free Rides to Covid-19 Vaccine Sites Until July 4

Ride-sharing companies Uber and Lyft will make all rides to and from vaccination sites free until July 4 under a new White House transportation partnership that is part of an effort to encourage more Americans to get the Covid-19 vaccine.

(END) Dow Jones Newswires

05-11-21 2115ET