Tag: President Joe Biden

Biden administration wants water heaters to be more energy efficient
Technology

Biden administration wants water heaters to be more energy efficient

[ad_1] The Biden administration is moving forward with tightened energy efficiency standards for new residential water heaters, taking aim at what is the second-largest energy using appliances in most households.The Energy Department said their proposal, which would take affect in 2030, would save consumers some $11.4 billion in energy and water costs annually, while reducing hundreds of millions of tons of greenhouse gas emissions over the rules 30 year lifetime. Under the agency's proposal, the most commonly-used electric water heaters would be required to use heat pump technology in place of electric resistance, while gas-fired instantaneous water heaters would be required to use condensing technology. The rule also sets standards for gas-fired storage water heaters and oil-fired wat...
Meta Notches Win as FTC Drops Challenge to Virtual-Reality Deal
Technology

Meta Notches Win as FTC Drops Challenge to Virtual-Reality Deal

[ad_1] The Federal Trade Commission voted to withdraw an antitrust complaint challenging Meta Platforms Inc.'s purchase of virtual-reality startup Within Unlimited, officially closing the agency's case. The FTC sued to block the deal last year, filing twin complaints in federal court and its-house court. Following a December trial in a San Jose federal court, US District Judge Edward Davila found in favor of Meta, ruling the FTC didn't offer enough evidence to prove that the acquisition would harm competition in the nascent virtual-reality industry. The FTC opted this month against appealing Davila's decision and paused the administrative case while it considered next steps. Although the judge's ruling allowed Meta to close the deal on Feb. 10, the FTC could...