Global Insights Local Impact
Some people just have a knack, even a skill, for placing themselves at the center of obnoxious public business deals. But few have proved as adroit at the practice as Martin Shkreli. Remember him? Shkreli’s first foray into public notice came in 2015, when he jacked up the price of a 60-year-old drug to a
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Known for art house films, Oscar contenders and prestige horror flicks, indie studio A24 has landed a new round of funding led by venture capital firm Thrive Capital. The studio declined to disclose the size of the funding round. But the capital raise increased the company’s valuation to about $3.5 billion, up 40% from its
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SACRAMENTO — California news publishers and Big Tech companies appear to be inching toward compromise on a controversial bill that would require Google and huge social media platforms to pay news outlets for the articles they distribute. After stalling last year, Assembly Bill 886 cleared a critical hurdle Tuesday when it passed the state Senate Judiciary
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There’s good news and bad news about a legal settlement that New York state just reached with the giant health insurer UnitedHealth over its denial of contraception coverage for a member, which violated state law. The good news is that UnitedHealth got caught and has been ordered to reimburse the member — and all others
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To boldly go where no man has gone before. That’s the mission of the USS Enterprise — and arguably the aim of a $1-million prize being offered through a foundation created to honor the father of the “Star Trek” franchise. The Roddenberry Foundation — named for Gene Roddenberry — announced Tuesday that this year’s biennial
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WASHINGTON — The Supreme Court on Thursday refused to put new limits on Congress’ power to tax wealth that is not paid out in annual dividends. In a setback for anti-tax conservatives, the justices upheld a provision of a 2017 tax law that imposed a one-time levy on the profits of foreign corporations whose shares were
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Gene Seroka has been executive director of the Port of Los Angeles since 2014. The seaport moves more cargo containers than any other in the nation. It has handled as many as 10 million containers in a year. Minus holidays, that works out to about 29,000 a day. Any one of them could hold 48,000
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MoviePass, the infamous cinema subscription service that crashed and burned in 2020, has secured a new investor amid an ambitious comeback attempt. The New York-based company announced Thursday that it had landed an investment from Forecast Labs, a venture group owned by Comcast. MoviePass did not disclose the amount invested or other financial terms. The
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In a surprisingly strong economic report, California employers stepped up their hiring in May and the statewide unemployment rate dropped for the first time since the summer of 2022, the government reported Friday. Employers in the state added 43,700 jobs last month across a broad spectrum of industries, breaking from the recent pattern of lagging
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The former Ace Hotel in downtown Los Angeles, which helped lead an economic revival on a historic stretch of Broadway a decade ago, has reopened as a minimal-service operation akin to Airbnb, following a strategy that has become increasingly common for struggling hotels in recent years. Now called Stile Downtown Los Angeles by Kasa, the
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