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The United Auto Workers (UAW) union has made some progress in labor negotiations with the Detroit Three automakers, but a deal has not been reached yet, according to UAW President Shawn Fain. The potential strike of 146,000 U.S. autoworkers is only three days away. While Chrysler-parent Stellantis plans to make a counteroffer, the UAW rejected revised offers from Stellantis, General Motors (GM), and Ford Motor (F) on Friday. The UAW initially sought a 20% wage hike but has since trimmed it down to around 36% in total. Key demands from the union include job security guarantees, restoring defined-benefit pensions for all workers, and an end to the use of temporary workers.

McDonald’s is commencing virtual focus groups as part of an ongoing civil rights audit. The fast food chain has retained the services of WilmerHale law firm to conduct the examination. Shareholders approved the proposal for a civil rights audit by SOC Investment Group last year, which highlighted the need for attention to franchisees. The objective of the audit is to evaluate whether McDonald’s policies adversely affect stakeholders, including franchisees, employees, suppliers, and customers.

Perception Strategies will collaborate with WilmerHale to conduct a Climate and Belonging Assessment to gain deeper insights into the experiences of franchise owners. The process is voluntary, with identities kept confidential. Franchisees have raised concerns regarding the group size and potential retaliation by the company. McDonald’s has a history of responsiveness to shareholders and eagerly awaits the audit’s findings. The audit coincides with previous changes in McDonald’s franchising structure and restaurant grading system and ongoing lawsuits alleging racial discrimination.

UPS CEO Carol Tome has revealed that the costs incurred by the company for the new Teamsters contract are less than the “$30 billion in new money” claimed by the union. While she did not disclose the exact amount, Tome stated that the deal is cost-effective and fair, with a significant portion of the compensation allocated to the first year. Tome highlighted the importance of work/life balance for employees while retaining the ability to deliver on weekends.

The contract agreement prevented a potentially disruptive work stoppage, and UPS will now focus on mitigating labor costs, driving productivity through automation, and providing a positive experience for customers. The article also mentions the CEO’s strategic plans, known as “Better and Bolder,” which involve maximizing profits, increasing worker productivity, and incorporating automation and AI for better customer experiences.

Salesforce has launched Einstein Copilot, a generative AI tool that can be customized by clients across its suite of apps, including Slack and Tableau. The tool can summarize video calls, provide personalized answers, and generate marketing campaign emails. Using human language, a Generative Pre-trained Transformer (GPT) helps answer user questions and produce requested content. Salesforce’s Einstein Copilot taps into customer and enterprise data available on its Data Cloud to generate appropriate responses. Users can embed the assistant into websites or integrate it with messaging platforms like Slack and WhatsApp. This move follows Salesforce’s launch of the Einstein GPT genAI product in March. The company has also expanded its venture capital fund for generative AI startups to $500 million.

Following a government investment in carbon removal technology, major corporations like Amazon and Microsoft are now contributing funds towards the world’s largest deployment of direct air capture (DAC) technology. Amazon plans to purchase a quarter of a million metric tons of carbon removal over the next decade, while Microsoft has agreed to buy carbon credits from a California-based startup.

Both companies aim to target emissions that cannot be eliminated at their source, supporting the growth of technologies essential to mitigating the effects of climate change. While these investments represent significant progress, scientists emphasize the need to remove approximately 1 trillion tons of carbon dioxide from the atmosphere to meet the goals of the Paris Agreement.

The institutional adoption of digital assets in Asia is on the rise, with countries like South Korea, Hong Kong, Japan, and Singapore actively seeking opportunities in the space. This positive shift can be attributed to a clearer regulatory landscape in the region, according to industry experts during Korea Blockchain Week. Despite the ongoing crypto bear market and declining prices, there remains significant global interest in cryptocurrencies. The Asian market appears to have an edge in institutional adoption compared to the US and Europe due to a greater willingness among Asian companies to learn and engage with the industry.

Virtual reality (VR) technology is gaining traction in the healthcare industry as a tool for training doctors and improving patient outcomes. Medical practitioners are leveraging VR headsets to simulate surgical procedures and provide immersive training experiences. The technology has demonstrated potential in pain treatment and rehabilitation therapies, helping patients manage discomfort and enhance cognitive function. Despite challenges such as regulation and cost-effectiveness, VR is being increasingly adopted in medical schools, residency programs, and healthcare facilities.