Monday, April 22, 2024

Morning business headlines: Nov. 9, 2023

by BIZ Magazine

The Hollywood strikes are over. Here’s when you could see your favorite stars and shows return

LOS ANGELES (AP) — Missed your favorite actors? After nearly four months of striking, they’re coming back. Wednesday’s deal between striking actors and studios and streaming services won’t immediately restore filming to its full swing. That will take months. But the tentative agreement that both sides say include extraordinary provisions means that more than six months of labor strife in the film and television industries is drawing to a close. Soon, tens of thousands of entertainment sector workers could get back to work. And popular franchises like “Deadpool,” “Abbott Elementary” and “The Last of Us” will be a step closer to returning to screens.

The US and Chinese finance ministers are opening talks to lay the groundwork for a Biden-Xi meeting

WASHINGTON (AP) — China’s state media are laying out Beijing’s major concerns ahead of a meeting between U.S. Treasury Secretary Janet Yellen and her Chinese counterpart in San Francisco. China Central Television says the issues include the Biden administration’s China policy, supply chain curtailments, restrictions on high-tech products such as advanced chips, and tariffs on Chinese products. Yellen and Chinese Vice Premier He Lifeng are meeting Thursday to open two days of talks aimed at making progress on a slew of economic issues when competition has intensified between their countries. The talks are designed to help lay the groundwork for an expected meeting between President Joe Biden and Chinese President Xi Jinping next week.

Biden goes to an Illinois auto plant saved by a labor deal as he promotes a worker-centered economy

WASHINGTON (AP) — President Joe Biden is going to Belvidere, Illinois, to meet with the head of the United Auto Workers union and highlight the reopening of a Stellantis auto plant. Biden learned in June that the factory was set to close and he made it a priority to keep the plant open. The factory will expand as part of the tentative contract with automakers after the targeted strike by the UAW. The White House says the agreement reflects the Democratic president’s focus on workers and a desire to ensure technological changes don’t lead to job losses. Biden will meet in Belvidere on Thursday with UAW President Shawn Fain and Democratic Gov. J.B. Pritzker of Illinois.

Kaiser Permanente workers ratify contract after strike over wages and staffing levels

OAKLAND, Calif. (AP) — Tens of thousands of health care workers have ratified a new four-year contract with industry giant Kaiser Permanente following a strike over wages and staffing levels. The parties announced the contract’s approval on Thursday. Of the 85,000 members in the Coalition of Kaiser Permanente Unions, 98.5% voted to ratify the deal. It runs retroactively from Oct. 1 through September 2027. Oakland, California-based Kaiser has hospitals and clinics that serve nearly 13 million Americans. Union members say understaffing is boosting the hospital system’s profits but hurting patients. Both sides say they prioritized patient health care during their talks.

Top US accident investigator says close calls between planes show that aviation is under stress

The nation’s top accident investigator says a surge in close calls between planes at U.S. airports this year is a clear warning sign that aviation is under stress. Jennifer Homendy, chair of the National Transportation Safety Board, told a Senate panel Thursday that close calls are incredibly rare, but we cannot ignore the recent increase in such events. Representatives of unions for pilots and air traffic controllers and a former chief of the Federal Aviation Administration are testifying at the same hearing.

Las Vegas hotel workers union and MGM agree to tentative contract after deal with Caesars

LAS VEGAS (AP) — The Las Vegas hotel workers union says it has reached a deal with MGM Resorts International, the largest employer on the Las Vegas Strip, on the heels of its breakthrough agreement with Caesars Entertainment. The Culinary Workers Union announced the tentative five-year agreement with MGM early Thursday that it says covers about 25,000 workers at the Aria, Bellagio, Excalibur, Luxor, Mandalay Bay, MGM Grand, New York-New York and Park MGM. The union had threatened to begin a strike in the pre-dawn hours Friday at properties along the Strip if negotiations failed. A walkout still could happen on a much smaller scale if the union can’t reach a deal for 5,000 workers at Wynn Resorts. Negotiations with Wynn are scheduled for Thursday.

Apple hits setback in dispute with European Union over tax case

LONDON (AP) — Apple might end up on the hook after all for billions of euros in back taxes to Ireland in the latest twist in a longrunning European Union dispute. That’s after a legal opinion Thursday from an adviser to the bloc’s top court. The adviser’s opinion says a decision by a lower court that the U.S. tech giant doesn’t have to repay the 13 billion euros ($13.9 billion) in taxes “should be set aside.” The ECJ’s opinions aren’t legally binding, but are often followed by the court, which is expected to come up with its legally binding decision next year. The case drew outrage from Apple when it was opened in 2016, with CEO Tim Cook calling it “total political crap.”

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