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Trump fires 2 Democrats on FTC, seeking control

President Donald Trump has fired two Democratic members of the Federal Trade Commission, intensifying efforts to exert his administration’s control over independent agencies across the government. Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter both released statements Tuesday saying they’d been dismissed illegally.

Removing them potentially frees up more space on the five-member FTC for new commissioners loyal to the White House and its policies. The FTC is a regulator that enforces consumer protection measures and antitrust legislation. Its seats are typically comprised of three members of the president’s party and two from the opposing party. Commissioners are appointed by the president and confirmed by the Senate. They serve staggered, seven-year terms.

Kyiv, allies weigh what to do with Russia’s money

With U.S. support for Ukraine in doubt, Kyiv’s European allies are weighing whether to seize $300 billion in frozen Russian assets. Some of Ukraine’s allies have argued for seizing the money and using it to compensate Ukraine, support its military and rebuild.

But so far the Group of Seven democracies have held off. Opponents of seizure warn that the move could violate international law and destabilize financial markets. They also fear that countries and investors would hesitate to use European financial institutions if they are afraid assets could be seized. That could undermine the Euro’s role as an international currency for state reserves.

China’s BYD launches EV charging system

China’s energy and auto giant BYD has announced a super fast EV charging system that it says is nearly as quick as a fill up at the pumps. BYD said its flash-chargers can provide a full charge for its latest EVs within five to eight minutes. Charging times and limited ranges have been a major factor constraining the switch from gas and diesel vehicles to EVs.

BYD says it will roll out its new charging system across China. The news gave Tesla a jolt on Monday, as its share price sank 4.8%. BYD, which stands for build your dreams, began pre-sales of its Han L and Tang L models, which are upgraded versions of earlier models.

Google to buy firm Wiz in $32B acquisition

Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant’s biggest-ever acquisition at the same time it’s facing a potential breakup of its internet empire.

The proposed takeover announced Tuesday is part of Google’s aggressive expansion into cloud computing during an artificial intelligence boom. If the all-cash transaction is approved by regulators, Wiz will join Google Cloud next year.

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