Business

Spotify Kicks Off Campaign to Win More Advertisers
Business

Spotify Kicks Off Campaign to Win More Advertisers

Spotify Technology SA began its first global brand campaign designed to court marketers as the audiostreaming giant tries to expand the revenue it collects from advertising.The company is also changing the name of its advertising business to Spotify Advertising from Spotify for Brands in an attempt to attract small and medium-size businesses beyond the major brands it has traditionally focused on. And it is trying to attract more podcast publishers and creators to its ad marketplace, after saying earlier this year that its advertising growth has been hindered by limited inventory. “It’s not just kind of the largest of brands and the biggest of shows, it’s also small- and medium-sized businesses and DIY creators,” said Jay Richman, vice president and head of global advertising business and...
Google Pushes to Overturn EU’s $5 Billion Antitrust Decision
Business

Google Pushes to Overturn EU’s $5 Billion Antitrust Decision

BRUSSELS— Alphabet Inc.’s Google begun its appeal Monday to overturn a $5 billion antitrust fine imposed by the European Union, contending that its Android operating system for mobile devices has boosted competition rather than foreclosing it. The tech giant presented oral arguments in Luxembourg before the EU’s second-highest court, in its appeal to overturn the 2018 decision from the bloc’s antitrust enforcer. In that case, EU authorities found Google had illegally abused the market power of Android to push companies that manufacture and distribute Android phones into agreements aimed at entrenching and expanding the dominance of the Google search engine on mobile devices.
Dentists’ Group Fights Plan to Cover Dental Benefits Under Medicare
Business

Dentists’ Group Fights Plan to Cover Dental Benefits Under Medicare

WASHINGTON—The American Dental Association is mobilizing its 162,000 members to fight a proposal to include dental coverage for all Medicare recipients, opposition that could prove pivotal as Democrats look to make cuts in their $3.5 trillion domestic policy agenda. Giving dental, vision and hearing benefits to the 60 million older and disabled Americans covered by Medicare will provide needed care to people who otherwise might not afford it, supporters say.
Economy Week Ahead: Consumer Spending, Inflation, Manufacturing
Business

Economy Week Ahead: Consumer Spending, Inflation, Manufacturing

The Commerce Department’s monthly report on U.S. consumer spending highlights this week’s economic data. MONDAY New orders for durable goods in the U.S. are expected to increase in August as business investment and consumer spending remain positive. While demand for factory goods has been strong through the pandemic recovery, manufacturers have been constrained by shortages of parts and labor, transportation bottlenecks and rising material costs.
U.S.-EU Trade Summit in Pittsburgh Aims to Deepen Trans-Atlantic Ties
Business

U.S.-EU Trade Summit in Pittsburgh Aims to Deepen Trans-Atlantic Ties

Senior U.S. and European officials meet in Pittsburgh on Wednesday, aiming to show that closer trans-Atlantic ties have value—in dollars and euros. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai plan to sit down with European Commission executive vice presidents Margrethe Vestager and Valdis Dombrovskis to launch a forum they agreed to in June, the U.S.-EU Trade and Technology Council.
Debt-Limit Standoff Could Force Fed to Revisit Emergency Playbook
Business

Debt-Limit Standoff Could Force Fed to Revisit Emergency Playbook

A crisis-management playbook Federal Reserve officials created years ago could guide their response this fall if the federal government can’t pay all its bills because of a political standoff over raising the federal debt limit. The options include the Fed buying Treasury securities in default on the open market and selling Treasurys owned by the Fed to counteract potentially severe strains in financial markets, according to the transcript of an October 2013 conference call.
Logistics Operators Raise Pay, Enlist Robots to Meet Holiday Demand
Business

Logistics Operators Raise Pay, Enlist Robots to Meet Holiday Demand

Warehouse operators are throwing every tool they can at increasingly urgent efforts to hire seasonal workers as they brace for an expected flood of holiday goods amid competition for scarce labor from deep-pocketed rivals.Logistics providers are boosting pay, adding flexibility to shifts, blanketing social media with recruitment ads and even shipping in more robots to help workers field surging e-commerce volumes. They are also jockeying with titans like Amazon.com Inc., Walmart Inc. and United Parcel Service Inc. that are dangling inducements, from signing bonuses to assistance with college tuition, as they push to bring on hundreds of thousands of workers ahead of the holidays. “When companies are looking ahead to peak season…the word I’m hearing most often is ‘terrified,’” said Dan John...
China Has New Way to Fight IP Theft Claims
Business

China Has New Way to Fight IP Theft Claims

WASHINGTON—Chinese technology giants have seized on a new legal tactic to fight claims of intellectual property theft, raising concerns in the U.S. that Beijing’s promises to strictly enforce patent and copyright laws will be undermined by Chinese courts. In four major cases since 2020, Chinese courts granted so-called anti-suit injunctions blocking foreign companies from taking legal action anywhere in the world to protect their trade secrets.
U.S. Supply Chain Struggles to Adapt as Delays Worsen
Business

U.S. Supply Chain Struggles to Adapt as Delays Worsen

Nike Inc. doesn’t have enough sneakers to sell for the holidays. Costco Wholesale Corp. is reimposing limits on paper towel purchases. Prices for artificial Christmas trees have jumped 25% this season. Despite mounting shipping delays and cargo backlogs, the busiest U.S. port complex shuts its gates for hours on most days and remains closed on Sundays. Meanwhile, major ports in Asia and Europe have operated round-the-clock for years.