Republican lawmakers take aim at safety requirements that they say will make cars too expensive.
Plus, many tech stocks are down this month, but Alphabet's just keeps rising.
They're really the only company that has what you might call a vertically integrated model here.
Having their own AI, their own cloud network,
and even their own Silicon kind of makes them a very unique business model in AI right now.
and why a maker of popular chatbots is cutting teens off.
It's Tuesday, November 25th.
I'm Alex O'Sullivan for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
We're exclusively reporting that Senate Republicans plan to challenge safety requirements for cars at a hearing next month.
People familiar with the situation say Republicans are aiming at automatic emergency braking and alarms that remind drivers that a child is in the back seat
because they think they're not effective and make cars more expensive.
But vehicle safety advocates say such mandates save lives and don't go far enough.
CEOs of the three Detroit automakers and a Tesla executive were asked to testify at a January hearing on why cars have gotten so expensive.
General Motors and Ford spokespeople say the car companies are weighing whether to send their CEOs to the hearing.
Jeep maker Stellantis declined to comment.
It's been a brutal month for tech stocks,
especially those associated with the artificial intelligence boom.
Since the Nasdaq peaked on October 29, the stock price of Microsoft,