Business
In a rare move, the FTC issued a statement that revealed it referred a complaint against Snap to the DOJ, alleging that an AI-powered chatbot is harmful to users.
Health & Life Science
Agoura Hills-based biotech firm Acelyrin Inc. agreed to merge with San Francisco-based Alumis Inc. in a deal valued at $320 million on February 6.
Kings
Kevin Fiala scores twice and Phillip Danault finishes with a goal and an assist to lead the Kings to a 4-2 win over the Carolina Hurricanes.
Clippers
Ivica Zubac finished with 26 points and 15 rebounds and James Harden added 23 points and 17 assists as the Clippers ended their three-game losing streak.
Business by LA Times Studios
Sarah Chung Park, CEO and Founder, Landing International Inc.
INDUSTRY UPDATES
Transcat, Inc., a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement and control instrumentation, announced via press release that it has acquired privately held Martin Calibration Inc.
Los Angeles-based Verde Bioresins Inc. agreed to be acquired by Nxu Inc. from Humanitario Capital for $16.2 million on Oct. 23.
Orange County
Newport Beach-based GivBux Inc., a publicly traded app and charitable giving platform, announced that it signed a letter of intent to acquire VitorganAmerica.shop for $39 million.
World & Nation
Former President Trump is refusing to say how he voted on Florida’s abortion measure and he snapped at a reporter asking about it.
California
Newsom signed into law a bill that requires subscription services to provide a one-click option to unsubscribe, among other consumer protections.