New York City Deals a Blow to Uber and the SEC Investigates Tesla: 3 Things to KnowStay in the know in 60 seconds.

ByStephen J. Bronner•Aug 9, 2018

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Uber and Lyft were dealt a major blow yesterday when New York Citypasseda bill capping the number of vehicles that can drive for ride-hailing apps. The bill also allows the city to set a minimum wage for drivers. City officials say the bill will help reduce traffic.
The SEC isinvestigatingTesla after Elon Musk tweeted he wanted to take the company private. The agency wants to make sure that investors are being properly informed of any major announcements.
The Oscars, in a bid to gain back more relevance, hasannounceda new category: Outstanding Achievement in Popular Film. Essentially, it'd be an Oscar for popcorn movies.

Yesterday's video:Elon Musk May Take Tesla Private. 3 Things to Know Today.

Stephen J. Bronner

Entrepreneur Staff

News Director

Stephen J. Bronner writes mostly about packaged foods. His weekly column isThe Digest. He is very much on top of his email.

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