Afternoon Coffee: Trump to Review Car Emissions Regulation, Intel to Pay $15.3B for Mobileye

President Donald Trump will meet auto executives and workers near Detroit on Wednesday, according to Bloomberg. The meeting will begin the process of reexamining the Obama administration’s vehicle efficiency standards, which carmakers have asked to be relaxed.

Hands Off

Intel has agreed to pay $15.3 billion for the Israeli technology company Mobileye, which specializes in making sensors and cameras for driverless cars, the New York Times reported. The autonomous-driving industry is expected to be worth $70 billion by 2030.

Going Digital

Fashion retailer H&M, which employs 1.6 million people through its supply chain, plans to move to digital payments for workers, Devex reported. H&M is the first global fashion brand to join the United Nations-based partnership Better Than Cash Alliance, which works to promote transitioning from cash to digital payments.

Trucking Ramps Up Hiring

The Wall Street Journal reported that trucking fleets hired at the fastest pace in five years in February, adding 10,600 jobs. However, hiring for other transport and logistics sectors remain weak.

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