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BusinessWednesday 11.24.21

Trouble For Big Pharma(cies)

In a ruling that could have major implications for similar cases, a federal jury found that CVS, Walmart, and Walgreens substantially contributed to the opioid crisis in two Ohio counties. The companies could soon be on the hook for billions of dollars.

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1:02
Consumerism: It’s so last year. 2021 marks the first year that Americans spent less money on Black Friday than the previous year. That said, we still dished out 8.9 *billion* dollars.

Black Friday Spending Decreases for the First Time

0:43
Latest news

Hillary Clinton calls for regulation of cryptocurrency because it has the potential to "destabilize" nations.

0:50
Uber is partnering with a cannabis retailer to offer weed for takeout in Canada. Customers in Ontario can now place an order for pick up from any nearby Tokyo Smoke store on the Uber Eats app.

Uber Eats Partners With Cannabis Retailer in Canada

1:07
The former golden girl of Silicon Valley now taking the stand in federal court. After months of listening as the U.S. government mounted a case against her, Theranos founder Elizabeth Holmes unexpectedly testified in her own criminal trial. Holmes faces 11 counts of wire fraud and conspiracy to commit wire fraud. Wire fraud is a felony that carries a maximum penalty of 20 years and potential fines.

Elizabeth Holmes Testifies in Theranos Criminal Trial

1:12
A big change is coming to Amazon. The e-commerce giant has announced it will stop accepting Visa credit cards issued in the U.K. due to high transaction fees. Merchants have long complained about the fees that eat into their revenue. Now, they have one of the biggest and most influential companies on their side.

Amazon Will Stop Accepting U.K.-Issued Visa Cards

1:04
Third time’s the charm? After one month and three union votes, 10,000 John Deere employees are returning to work with a new contract that will deliver 10% raises immediately.

Strike Over: John Deere Workers OK Contract

0:39
Latest news

At a General Motors plant in MI, President Biden calls for higher taxes on corporations & calls out GM CEO Mary Barra.

1:00
Love it or hate it, the Staples Center will soon be the Crypto.com Arena. But no matter what it’s called, it will always be the house that Kobe built.

LA’s Iconic Staples Center Is Getting Renamed