California Senate Panel Blocks Bill Targeting Uber, Lyft Surge Pricing

SACRAMENTO, Calif. (AP) – A California Senate on Tuesday blocked legislation aimed at preventing ride-hailing services Uber and Lyft from adjusting their prices based on demand, a practice known as “surge pricing” that is at the heart of the companies’ business models.
The bill would also have allowed stricter background checks for ride-sharing drivers and required the companies to report data to the state. It has drawn fierce opposition from the technology industry, whic