Verizon said Tuesday that it made a customer service mistake by not quickly restoring high-speed wireless service to a fire truck that had gone over its data cap, but insists net neutrality is not to blame.
Why it matters: The Santa Clara, Calif. Fire Department said that during the effort to fight the recent Mendocino Complex fire, one of its trucks, equipped with Verizon wireless service, had its connection speeds dramatically slowed, and was unable to restore full-speed service until it agreed to take out a higher-speed plan.
Senator Elizabeth Warren (D-Mass.) introduced a sweeping anti-corruption bill Tuesday that would impose a lifetime ban on lobbying for presidents and federal lawmakers, restrict elected officials from owning individual stock, and limit lobbying on behalf of foreign governments.
Why it matters: Warren'sAnti-Corruption and Public Integrity Act has a slim chance of passing, but it does shine a light on the questionable financial practices of several government officials, from Capitol Hill to the White House — just in time for the November midterm elections and 2020 presidential buzz.
The acquisition of new U.S.-based customers for some streaming services is slowing considerably, according to estimates from broadcast research firm Frank Magid & Associates.
Reproduced from a Frank Magid & Associates chart; Chart: Axios Visuals
Why it matters: People are streaming more digital video than ever before, but they are less likely to continue to buy into new or additional subscription video streaming services (SVODs) due to growing competition in the space, seasonal content needs and technical work-arounds, like password sharing.
With China’s economy cooling, President Trump and his aides are emboldened on the hardline tariffs strategy that they increasingly believe is jamming President Xi Jinping, officials tell Axios.
Why it matters: For West Wing policy advisers, China has become a rare unifying issue, while deep rifts remain on other trade issues, especially the wisdom of Trump’s plan to impose massive tariffs on car imports.
CoinDesk is the hottest digital media startup that most people haven't heard of, generating around $20 million in revenue through the first seven months of 2018. It's also profitable.
The bottom line: Less than three years ago the business was sold for just $500,000, but that was before cryptocurrencies and blockchain went mainstream.
New research shows hospitals aren't saving a lot of money on routine expenses — such as surgical staples, stents and implants — after they merge with or acquire other hospitals.
Why it matters: Lowering costs is one of the primary justifications hospitals give for consolidating, but this developing research indicates that argument doesn't carry a lot of weight.
More than a dozen companies, including Google, Apple and IBM, are no longer requiring applicants to have college degrees, CNBC reports.
Why it matters: Many jobs have historically required employees to hold college degrees even if they are not relevant or needed. This is connected to an effort to improve diversity and make it easier for those that attend coding boot camps or pursue other non-traditional college paths to be hired.
Zekelman Industries, a Chicago-based maker of steels pipes and tubes, has filed for an initial public offering.
The bottom line: This could become one of the largest industrial IPOs in recent years, to be followed by a public market performance that could be significantly impacted by tariff fluctuations on steel and aluminum.
Businesses are arguing that the Trump administration's proposed 25% tariffs on $200 billion worth of Chinese goods will force American consumers to pay more for everyday items ranging from "cradles to coffins," reports Reuters.
The big picture: More than 1,400 written comments submitted by American firms will be heard beginning Monday, as the Office of the U.S. Trade Representative hosts the first of six days of public hearings on the new tariffs. Led by the U.S. Chamber of Commerce, businesses nationwide are claiming that the administration lacks a "coherent strategy" on trade and intellectual property theft, warning that everyday Americans will be forced to pay the price.
The S&P 500 is up by more than 300% over the past nine years. The S&P Managed Care sector, which includes the country's biggest health insurers, is up more than 1,100% over the same period.
Why it matters: That's a big surprise for some analysts, who in 2009 thought the ACA would be bad news for the insurance industry, CNBC reports.
Trumpto the VFW National Convention in Kansas City, Mo., on July 25: "And just remember: What you’re seeing and what you’re reading is not what’s happening."
Giulianion "Meet the Press" yesterday: "Truth isn’t truth."
Slogans of the Party in George Orwell's "1984": "War is peace ... Freedom is slavery ... Ignorance is strength."
