Rent-Setting Algorithms Find Legal Lifeline
Data company RealPage is confronted with state and local efforts to ban its algorithmic pricing system for landlords in the rental-apartment market.
Now, a provision buried in House Republicans' mega tax bill is throwing the company a lifeline.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Restaurants and tourists speak out on Virgina Beach meal tax increase
VIRGINIA BEACH, Va. (WAVY) — Meals are set to become a bit more expensive in Virginia Beach as the city's meal tax increase is set to go into effect on July 1. Starting on Tuesday, the total meal tax will now come out to 12%, one of the highest in the country. The Virginia Beach Restaurant Association has opposed this increase, even starting a to try and get it overturned, stating that the increase 'doesn't just hurt restaurants—it impacts every consumer who purchases a prepared meal, from family-owned or national chain restaurants to grocery stores to fast-casual favorites.' Meanwhile, the City of Virginia Beach has stated that the tax increase is necessary to raise funds for capital projects stating, 'The City is experiencing a significant cost increase in capital projects which is largely being driven by inflation and the redirection of these resources and meals tax increase are dedicated to a newly established Major Projects fund.' One Virginia Beach restaurant owner says the fund needs to be raised elsewhere. 'Look internally, don't make us your cash cows. Plain and simple,' said Honest Pastures owner Dacia Thorson. 'It's extremely stressful because we're already working with constrained budgets and now the city is gonna be taking 6%. That's more than what we're making. It's gonna hurt tourism, the small businesses that built this area for the tourism. I just don't think it's a good decision.' One tourist expressed concern for the restaurants, saying they're apart of what make his vacations special. 'These are things that really make our vacations, you know? We don't want to go to some massive chain like Applebee's or whatever,' said tourist Brian Greenspan. 'My question is what is the city's end game? I mean, sure, they're grabbing a little more money, but where does that leave the heart and soul of the city, the personality of all these businesses? It's going to have a seriously negative effect on them. There must be an alternative where it's a win-win for everybody.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
39 minutes ago
- Yahoo
Faraday X Privately Unveils the FX Super One EAI-MPV, the FF Super EAI F.A.C.E. System, and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture During the FX Super One Preview & Co-Creation Event
This intimate preview offered attendees a first-hand look at FX Super One's innovation, design philosophy, and market vision, while fostering meaningful Co-Creation among the minds shaping the product's next phase. The Company will host a large-scale public-facing launch event on July 17 in Los Angeles, the Super One First Online Global Product Launch, which will be open to audiences worldwide and will offer a more detailed look into the Super One MPV. The July 17 event will mark the kickoff of the B2C Paid Pre-Order Campaign, inviting users to become early adopters and co-creators of this next-generation mobility experience. LOS ANGELES, June 30, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it held its first private preview and co-creation event for the much-anticipated first product and technologies from its Faraday X (FX) brand, and unveiled the much anticipated FX Super One, the world's first FF Super EAI F.A.C.E. (Front AI Communication Ecosystem) System, and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture during the FX Super One Product Launch. The event, which was held in the Los Angeles area, was attended by over 100 guests, including FF's stockholders and investors; B2B sales partners and prospects; global supply chain partners; media; key opinion leaders (KOLs) and influencers; and Co-Creation officers. Numerous executives attended and spoke at the event including FX CEO, Xiao (Max) Ma, FF founder and Global Co-CEO YT Jia, Global Co-CEO Matthias Aydt and Global President of FF, Jerry Wang. The Super One launch event marked the official commencement of FX's product execution and launch season that will lead up to the first Super One vehicle coming off the line at FX's manufacturing facility in Hanford, California, with a target date of the end of 2025. This intimate preview offered attendees a first-hand look at the FX Super One's innovation, design philosophy, and market vision, while fostering meaningful Co-Creation among the minds shaping the product's next phase. Following this event, the Company will host another large-scale public-facing launch event on July 17 in Los Angeles, the Super One First Online Global Product Launch, open to audiences worldwide. FX will also kick off the B2C Paid Pre-Order Campaign at that time, inviting users to become early adopters and co-creators of this next-generation mobility experience. Highlights and Updates from Today's Event Included: The FX Super One unveiling. The Super One isn't just about upgrading ones experience with cars — it's going to redefine it entirely. It will come equipped with the groundbreaking FF Super EAI F.A.C.E. (Front AI Communication Ecosystem) System, and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture. These technologies mark the start of a major tech leap and product revolution in the AIEV era. FX Super One will be available with two powertrains: battery electric and AIHER (AI Hybrid Extended Range). The Super EAI F.A.C.E. system, as a key tangible component of the FF EAI system, will replace the fixed "impersonal mask"— the static, lifeless look of traditional front grills. It not only brings each vehicle a unique expression — "a thousand faces for a thousand cars" — but more importantly, it brings the car AI agent the ability to perceive through five senses and express emotions, as well as the gateway to connect and communicate with the world. The FF EAI Embodied AI Agent 6x4 architecture is built on pure vision, end-to-end VLA and world model. This enables AIEVs to evolve — with soul, personality, intelligence, and emotions — ushering into a new era where EAI EVs become truly intelligent. From introducing the concept of the Companies Bridge Strategy in May 2024 to unveiling the FX Super One today — when FF was preparing for the final Bridge Closure — it only took 14 months. There are two main reasons for the Companies "FX Speed" being so fast. First, the unique Light 4, Swift 4, Focused 5, and Empowering 5 model of FF's Global Automotive Industry Bridge Strategy. Take technology empowerment as an example, FF could empower the mass-market FX vehicles with much of the core technology, software, and AI capabilities of the $300,000 FF 91. The FF AI 2.0 system, which was launched through OTA on the FF 91, will also be deployed in the potential FX lineup in the future. Second, the incredible support from the Companies' S Tier 1 Bridge Strategy suppliers that helped us get here. The total B2B deposits for the FX Super One have now reached 4,000 units, covering four key sectors: FF Par (partners), rental car companies, live commerce MCN agencies, and real estate brokerages. Stay tuned for our July 17 event where many more details, specifications and images of Super One will be officially released. The FX Super One, an affordable mass market EAI-MPV, is targeted to have the first vehicles off the line by the end of 2025. Offering a spacious, meticulously crafted interior with high-end materials and advanced technology, the FX Super One prioritizes passenger comfort with a host of features including spacious seating, ambient lighting, and premium entertainment systems, to name a few. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "plan to," "can," "will," "should," "future," "potential," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Super One MPV, Super EAI F.A.C.E., and EAI Embodied AI Agent 6x4 architecture, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media:
Yahoo
40 minutes ago
- Yahoo
UN expert urges criminalizing fossil fuel disinformation, banning lobbying
A leading UN expert is calling for criminal penalties against those peddling disinformation about the climate crisis and a total ban on fossil fuel industry lobbying and advertising, as part of a radical shake-up to safeguard human rights and curtail planetary catastrophe. Elisa Morgera, the UN special rapporteur on human rights and climate change who presents her damning new report to the general assembly in Geneva on Monday, argues that the US, UK, Canada, Australia and other wealthy fossil fuel nations are legally obliged under international law to fully phase out oil, gas and coal by 2030 – and compensate communities for harms caused. Fracking, oil sands and gas flaring should be banned, as should fossil fuel exploration, subsidies, investments and false tech solutions that will lock in future generations to polluting and increasingly costly oil, gas and coal. 'Despite overwhelming evidence of the interlinked, intergenerational, severe and widespread human rights impacts of the fossil fuel life cycle … these countries have and are still accruing enormous profits from fossil fuels, and are still not taking decisive action,' said Morgera, professor of global environmental law at the University of Strathclyde. 'These countries are responsible for not having prevented the widespread human rights harm arising from climate change and other planetary crises we are facing – biodiversity loss, plastic pollution and economic inequalities – caused by fossil fuels extraction, use and waste.' Island nations, Indigenous and other vulnerable communities – who have benefited least from fossil fuels – now face the worst and compounding harms caused by the climate crisis and other environmental harms linked to their extraction, transport and use for energy, fuel, plastics and synthetic fertilizers. The report points to a mountain of evidence on the severe, far-reaching and cumulative damage caused by the fossil fuel industry – oil, gas, coal, fertilizers and plastics – on almost every human right including the rights to life, self-determination, health, food, water, housing, education, information and livelihoods. Morgera makes the case for the 'defossilization' of our entire economies – in other words the eradication of fossil fuels from all sectors including politics, finance, food, media, tech and knowledge. The transition to clean energy is not enough to tackle the widespread and mounting harms caused by the fossil fuels, she argues. In order to comply with existing international human rights law, states are obliged to inform their citizens about the widespread harms caused by fossil fuels and that phasing out oil, gas and coal is the most effective way to fight the climate crisis. People also have the right to know how the industry – and its allies – has for 60 years systematically obstructed access to this knowledge and meaningful climate action by peddling disinformation and misinformation, attacks on climate scientists and activists, and by capturing democratic decision-making spaces including the annual UN climate negotiations. 'The fossil fuel playbook has undermined the protection of all human rights that are negatively impacted by climate change for over six decades,' said Morgera in the imperative of defossilizing our economies report. States must ban fossil fuel ads and lobbying, criminalize greenwashing (misinformation and misrepresentation) by the fossil fuel industry, media and advertising firms, and enforce harsh penalties for attacks on climate advocates who are facing a rise in malicious lawsuits, online harassment and physical violence. Communities across the world are facing growing threats from sea level rise, desertification, drought, melting glaciers, extreme heat, floods, and other climate-related impacts. This is on top of the deadly air pollution, water scarcity, biodiversity loss, and forced displacement of Indigenous and rural peoples associated with every stage of the fossil fuel lifecycle. Meanwhile, fossil fuel and petrochemical companies have benefited from huge profits, taxpayer subsidies, tax avoidance schemes and undue protection under international investment law – without ever reducing energy poverty and economic inequalities. In 2023, oil and gas companies globally earned $2.4tn, while coal companies pocketed $2.5tn, according to the report. Removing fossil fuel subsidies, estimated to have topped $1.4tn for OECD members and 48 other countries in 2023, would alone reduce emissions by up to 10% by 2030. Redirecting these subsidies would help wealthy fossil fuel-producing states fulfill their legal obligations to aid developing countries to phase out fossil fuels – and provide financial and other remedies for the widespread human rights violations and environmental damage they have caused – and continue to cause. The compensation could also be funded by enforcing penalties for damages caused by fossil fuel companies, and cracking down on tax evasion and avoidance by the industry, as well as introducing wealth and windfall taxes. States could – and should – require the industry to finance climate adaptation, mitigation and loss and damage through climate superfunds or other mechanisms that are directly accessible to affected communities. Related: World's climate fight needs fundamental reform, UN expert says: 'Some states are not acting in good faith' Land unjustly appropriated for fossil fuel operations should be cleaned up, remediated and returned to Indigenous communities, people of African descent and peasants, if they want it back, or they should be fairly compensated, Morgera argues. The report lays out the human rights case for decisive and transformative political action to limit the pain and suffering from the climate crisis. The recommendations offer a glimpse at a world in which the basic rights of all people are prioritized above the profits and benefits enjoyed by a few, but will probably be dismissed by some as radical and untenable. 'Paradoxically what may seem radical or unrealistic – a transition to a renewable energy-based economy – is now cheaper and safer for our economics and a healthier option for our societies,' Morgera told the Guardian. 'The transition can also lead to significant savings of taxpayers' money that is currently going into responding to climate change impacts, saving health costs, and also recouping lost tax revenue from fossil fuel companies. This could be the single most impactful health contribution we could ever make. The transition seems radical and unrealistic because fossil fuel companies have been so good at making it seem so.'
