China Unveils Historic Steps to Rescue Property Sector; Mercedes Workers in Alabama Reject Union | Business Matters Full Broadcast (May 17)

China on Friday announced some of its most sweeping measures yet to stabilize the crisis-hit property sector, allowing local governments to buy some apartments, relaxing mortgage rules, and pledging further efforts to deliver unfinished homes.

U.S. workers at a Mercedes-Benz plant in Alabama handed a stinging loss to the United Auto Workers on Friday, rejecting the union in a vote it had expected would build on a win at a Tennessee Volkswagen plant and push it deeper into the U.S. South.

A former OpenAI leader who resigned from the company earlier this week said Friday that safety has “taken a backseat to shiny products” at the influential artificial intelligence company.