Gunmakers are pulling their products from Dicks Sporting Goods, reports Racked, because of their position on gun control.
Why it matters: Manufacturers are refusing to work with Dick's because of a stance they took on a political issue under social pressure after the shooting at Marjory Stoneman Douglas High School and that could set a precedent for other corporations thinking about doing the same.
Symantec stock plummeted Friday after a press release announced a mysterious internal audit. From a previous close of $29.18, it fell as low as $18.85 before midday.
What we know: While there was very little information about the reasoning behind the probe in the press release, it was more than enough to spook investors. According to the release, the investigation was launched "in connection with concerns raised by a former employee." It does not say what the concerns were. The company has alerted the Securities and Exchange Commission that an investigation is underway.
Chinese Vice Premier Liu He is scheduled to come to D.C. next week to continue trade discussions, as announced by the White House on Monday. However, Liu's trip may be delayed now, depending on how preparatory negotiations pan out this weekend, the Financial Times reports.
Why it matters: China and the U.S. are hanging on a precipice of trade war, with Chinese President Xi Jinping himself reportedly instructing negotiators to press for the U.S. to lighten its punishment against ZTE. Meanwhile, the U.S., which has companies embedded in China that could be hard hit by a trade war, wants to reduce its huge trade deficit.
Fashion designer Georgina Chapman has broken her silence about the scandal involving her disgraced ex-husband Harvey Weinstein, telling Vogue's Jonathan van Meter that she was “humiliated and so broken” to learn about the allegations of sexual assault, claiming that she "never" knew of Weinstein's alleged behavior.
“That’s what makes this so incredibly painful: I had what I thought was a very happy marriage. I loved my life.”
House lawmakers have released more than 3,000 Facebook ads published from 2015 to late 2017 by Russia-based Internet Research Agency, which were used to sow division across the U.S. through the 2016 presidential election, that appeared on Facebook and Instagram feeds with political and racially-charged messages.
Latin America may be taking more concrete steps to meet Paris Agreement targets than any other region, according to a new report from the Atlantic Council.
Why it matters: Ahead of the 24th Conference of the Parties to the UN Framework Convention on Climate Change (COP24), when countries will check in on their national plans to implement the Paris Agreement, Latin America has demonstrated how smart policy and government support can lower fuel costs and emissions. Energy solutions developed there could be showcased at COP24 for other developing countries to emulate.
Sinemia, a movie theater subscription service, is starting to gain steam in the United States as its primary competitor, MoviePass, enters uncertain financial waters thanks to its cash-hemorrhaging model that offers one movie per day for $10 a month, per Wired.
The big picture, from Axios' Sara Fischer: Shares for MoviePass' parent company Helios and Matheson plunged yesterday after the company basically conceded that MoviePass' structure is forcing it to burn through cash. And the service's spending might continue to balloon: MoviePass CEO Mitch Lowe told Axios earlier this year that he expects the subscriber growth for the company to continue — at a rate of 80,000 to 120,000 new subscribers a week.
"Median pay reached $12.1 million for CEOs of the biggest U.S. companies in 2017, a new post-recession high, as profits and stock prices soared," reports the Wall Street Journal.
The details: "Most S&P 500 CEOs received raises of 9.7% or better last year," and "CEOs at pharmaceutical, media, technology and financial firms dominated the WSJ’s pay ranking, taking 16 of the 25 top spots."
