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CalOSHA investigates Tesla

The markets continued falling during the midday with the Dow plunging 133 points to 24,614. Nasdaq tumbled 63 points to 7232.


California's Occupational Safety and Health Administration initiated an investigation into Tesla's manufacturing facility for possible violations of safety rules. The regulatory agency has received reports documenting workplace hazards as well as allegations that work related injuries are underreported. The injuries log of the elective vehicle maker is being reviewed to ensure that serious injuries are reported as required by law.


Polaris Industries has recalled approximately 3,300 Indian brand motorcycles to fix a faulty switch. Corrosion in the switch can cause the engine to start unintentionally in eleven different models of motorcycles from model yer 2018. The switch will be replaced at a dealership for free.


The American Federal of Teachers will no longer recommend Wells Fargo as a mortgage lender to its union members. The union had urged the bank to severe relations with firearms businesses in the wake of the February 14 Parkland shooting that killed 17 students and staff at Marjory Stonemason Douglas High School. Wells Fargo said that gun violence is best addressed through political and legislative processes rather than through businesses.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 19 points to 2,688. Bitcoin climbed $74 to $8,271.


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