Why the driverless car industry is happy (so far) with Trump and Chao

Silicon Valley voted heavily for Hillary Clinton, but companies working on driverless cars seem overjoyed with President-elect Donald Trump's nominee for transportation secretary, Elaine Chao. Chao will wield great power over how driverless cars and other automated vehicles will be regulated – or not. Although she needs to be confirmed by the U.S. Senate first, she's highly regarded in Washington, especially among Republicans, and her husband is Senate Majority Leader Mitch McConnell. Moreover, as secretary of Labor under President George W. Bush, Chao was known not for the rules she crafted and enforced, but for her free-market approach that was generally hands-off. For those in Silicon Valley and other tech firms where fears abound about too much government intervention and meddling, that's a big relief.