Business News at a Glance

Musk Settled With the SEC, but Tesla’s Troubles Aren’t Over

Elon Musk was chastened by federal regulators Saturday night, agreeing to step down as chairman of Tesla and to have his communications monitored. Musk, chief executive of Tesla, showed no immediate signs of changing his style. However, Tesla faces many challenges in the months ahead. The company is struggling to produce and deliver its Model 3 cars, which are the key to its future. It is short on cash and has looming bond payments. Short-sellers are still targeting the company, betting on the stock to fall. The SEC is continuing to look into the company’s past claims about production goals.

U.S. and Canada Reach Deal to Salvage NAFTA

The United States and Canada have reached a last-minute deal to salvage the North American Free Trade Agreement, according to people familiar with the negotiations, overcoming deep divisions. The deal came after a weekend of frantic talks to try and preserve a 25-year-old trade agreement that has stitched together the economies of Mexico, Canada and the United States but that was in danger of collapsing amid deep divisions between President Donald Trump and Canadian Prime Minister Justin Trudeau. The 11th-hour agreement was punctuated by a frenetic Sunday, with Canada’s leaders teleconferencing throughout the day with top U.S. officials in Washington.

Meat Labs Pursue a Once-Impossible Goal: Kosher Bacon

Clean meat — meat that is grown in laboratories from animal cells — is still not available in stores, but startups working on it say it could be by next year. When it is, they want a kosher stamp on their product, which indicates it adheres to quality and preparation standards and follows a set of biblical laws. Clean meat, also known by names like cell-based agriculture, begins with cells taken from an animal, often stem cells primed to grow. Once these cells are isolated, they are put into a solution that mimics blood and encourages the cells to replicate.

Displaced Turks, Promised New Homes, Can Only Protest on an Empty Lot

A group of residents have been protesting for more than 70 days at an empty building site in Istanbul. Around 300 homes were demolished as part of an urban development program in the district of Fikirtepe on Istanbul’s Asian shore. The families have been living in rented accommodations until their residential block is built. But construction has stalled as Turkey’s economy has faltered. The private developers have halted construction over money disputes. Many construction projects have ground to a halt in recent months as credit evaporates amid soaring inflation and the sliding lira.

A Penthouse Made for Instagram

A penthouse apartment in Manhattan is awash in natural light, with high ceilings, gleaming hardwood floors and a rooftop deck. There is never any clutter: Nobody lives here. The 2,400-square-foot space — which rents for $15,000 a month — was designed as a backdrop for Instagram stars, who have booked it through October. It was opened in August by Village Marketing, an agency that connects advertisers to social media personalities known as influencers. The apartment points to a future where Instagram moves further away from a do-it-yourself aesthetic toward a look that is more staged and polished.

Startup Leads the Way on Mobile Video

While her dad and brothers have been busy selling the family’s old-line studios to the Walt Disney Co., Elisabeth Murdoch has been founding her own network. Murdoch, whose father is Rupert Murdoch, has built Vertical Networks into a major supplier of app-based video series for mobile devices. The stories are told in short bursts (20-second scenes, episodes that last mere minutes) that rely on production techniques (split screens, on-screen text) and are filmed vertically instead of horizontally: MTV for Generation Z. As the traditional TV business has faltered, Hollywood has started to get serious about reaching the mobile masses.