Business

President Biden has signed an executive order that calls for new policies around device repair and how much control manufacturers have over consumers' choices.

Politics & Government

President Biden Wants To Make It Easier For You To Get Your Broken Smartphone Fixed

11:24am July 21, 2021

by Brian Naylor

When it comes to repairing an iPhone, people don't have many options beyond the manufacturer. The same is true for other chip-run devices. A new executive order seeks to expand consumers' choices.

Corporate Boards Find It Difficult To Limit Executives' Risk-Taking Hobbies

8:15am July 21, 2021

by David Gura

The risk calculus for companies whose leaders participate in perilous activities is more complicated today, as corporate titans Richard Branson and Jeff Bezos have completed their travels to space.

Michigan's two largest hospital systems, Spectrum Health and Beaumont Health, announced last month they wanted to merge. Hospital mergers and monopolies are increasingly the norm in the United States — which drives prices.

The Untamed Rise Of Hospital Monopolies

7:12pm July 20, 2021

by Greg Rosalsky

America has seen decades of consolidation of its hospitals, raising prices for consumers. President Biden now wants to do something about it.

Lamar Cornett has worked in restaurants for more than 20 years. During the pandemic, he began thinking about leaving that career behind.

Low Pay, No Benefits, Rude Customers: Restaurant Workers Quit At Record Rate

6:50pm July 20, 2021

by Alina Selyukh

Average wages for nonmanagers at restaurants and bars hit $15 an hour in May, but many say no amount of pay would get them to return. They are leaving at the highest rate in decades.

McKesson, AmerisourceBergen and Cardinal Health have agreed to a $1.1 billion settlement with the state of New York over their alleged role in opioid distribution.

States Are Near A $26 Billion Opioid Settlement With Drug Distributors

6:26pm July 20, 2021

by Brian Mann

Four big drug companies would pay out $26 billion to dozens of states over the next 17 years.

National

Short On Workers, This Resort Town Has Stopped Marketing Itself To Tourists

5:52pm July 20, 2021

by Chad Reich

A Colorado resort town reliant on summer visitors has halted tourism marketing because an affordable housing crisis means businesses don't have enough workers to stay open during their busiest season.

Adam Neumann speaks onstage during a WeWork event in 2019.

WeWork Prepares For A Second Act — Banking Its Future On The Rise Of Remote Work

5:47pm July 20, 2021

by Bobby Allyn

After the ouster of its eccentric founder, the co-working startup made a seasoned real estate executive its CEO. Now it's hoping to go public and lure workers back to communal office space.

'I Believe In The Science Of Vaccination': Fox Hosts Like Sean Hannity Change Tune

5:14pm July 20, 2021

by David Folkenflik

Fox News anchor Sean Hannity urged viewers Monday to "take Covid seriously," and to believe in the science. It contradicts what he and other top anchors at Fox have said over and over again.

National

Biden Wants To Crack Down On Airline Fees To Increase Competition In The Industry

5:14pm July 20, 2021

by David Schaper

The Biden administration is taking aim at airline fees for things like checked bags and extra legroom — and looking at ways to increase competition in an industry dominated by just four airlines.

National

Bezos Is Back On Earth — But The Space Tourism Industry Is Just Launching Off

5:14pm July 20, 2021

by Geoff Brumfiel

The spaceflight company Blue Origin, founded by billionaire Jeff Bezos, has successfully completed its first flight into space with passengers aboard, including the Amazon founder himself.