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Avoid rail strikes: President Biden said this morning that a tentative deal had been reached to thwart the threat of a strike by railroad engineers and conductors that would shut down much of the country’s freight. The railroad agreed to some changes to the job rules the union wanted, along with giving workers a $5,000 bonus and a 24 percent pay rise over five years. Union members are expected to vote on the proposed new contract in the coming weeks.
DeSantis sends immigrants to Martha’s Vineyard: Florida Gov. Ron DeSantis has the state charter two planes to load migrants aboard and fly them from Florida to Martha’s Vineyard in Massachusetts. DeSantis did not inform officials at Martha’s Vineyard what he was doing, but local officials said the migrants had been provided with food, shelter and other services.
R. Kelly Convicted Again: Performer R. Kelly was convicted by a Chicago federal jury on six of 13 counts of producing child pornography and luring an underage girl to have sex with him. This follows previous convictions on sex trafficking and racketeering charges that resulted in him serving a 30-year sentence in federal prison. R. Kelly will next go to trial on sex-related charges in state courts in Illinois and Minnesota.
Xi Jinping meets Putin: Chinese President Xi Jinping and Russian President Vladimir Putin met today in Uzbekistan, and Putin said he understood why China was reluctant to fully support Russia’s invasion of Ukraine. Putin said he intends to better explain Russia’s reasons for the war to Chinese leaders. “The foreign policy coordination of Moscow and Beijing plays a key role in ensuring global and regional stability,” Putin said in a statement. “We jointly advocate the establishment of a just, democratic, multi-polar system based on international rules and the central role of the United Nations. world order”
Adobe acquires Figma: Adobe announced this morning that it has entered into a definitive merger agreement to acquire internet design software company Figma for about $20 billion, roughly half in cash and half in stock. Adobe expects the cash portion of the transaction to be funded through cash on hand and, if necessary, a loan. The transaction is expected to close in 2023.
First approved funding for charging stations: The Biden administration has approved a $900 million plan for the first phase of a network of electric vehicle charging stations in 34 states and Puerto Rico. Government infrastructure spending includes $7.5 billion for a network of 500,000 electric vehicle charging stations.
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