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Trading Card Wars Escalate With Antitrust Lawsuit Against Fanatics
Panini, the collectibles company that produces NFL and NBA cards, is suing Fanatics over its dramatic takeover of the industry. Source link
Amazon Delivers Surprisingly Strong Profit
The earnings report shows strong growth in consumer e-commerce, balancing out a continued slowdown in cloud-computing sales. Source link
The Political Turf Battle Over the Future of Your Prime Rib
The White House must decide whether the Food and Drug Administration or Agriculture Department will oversee the food-company scientists tweaking genes to make animals heat
Exceptions Allowing Some Movie Sets to Work Test Solidarity in Hollywood
As strike continues, some call agreements for independent films scabbing, while others say the deals are a fair way to keep the cameras rolling. Source
Striking L.A. Workers Want Hotels to Help Build Affordable Housing
Hotel owners said that fixing the region’s longstanding housing crisis isn’t their job. Source link
New Definition of 'Fraud' Wipes Out High-Profile Prosecutions
Fraud doesn’t mean what it used to—and several high-profile federal prosecutions are falling apart as courts apply the Supreme Court’s more-narrow legal definition. Source link
Warner Bros. Discovery Revenue Falls
The company’s streaming segment shed subscribers in the second quarter after the launch of its new service, Max. Source link
Adidas’s Yeezy Sales Are as Strong as Ever After Kanye West Controversy
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U.S. Steelmakers Are Still Expanding as Demand Slows
Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand. Source link
Apple Sees Third Straight Quarter of Falling Sales, Longest Slump Since 2016
Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high. Source link