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New York's governor vetoed a bill days before Christmas that would have banned noncompete agreements, which restrict workers' ability to leave their job for a role with a rival business. Gov. Kathy Hochul, who said she tried to work with the Legislature on a “reasonable compromise" this year, called the bill “a one-size-fits-all-approach” for New York companies legitimately trying to retain top talent. “I continue to recognize the urgent need to restrict non-compete agreements for middle-class and low-wage workers, and am open to future legislation that achieves the right balance," she wrote in a veto letter released Saturday.

New yorkUnited statesPeter rahbarKathy hochulJimmy johnAmerica statehouse news initiativeFederal trade commissionWall streetFederal tradeAmerica statehouse newsMaysoon khan