National Park Visitor Spending Hits Record High at $24 Billion
A new report from the US National Park Service shows outdoor travelers are spending more than ever in gateway communities surrounding national parks.
Bloomberg Business
Pfizer Fights Claim It Fired Executive Who Raised Graft Concerns
Pfizer Inc. is fighting a lawsuit by a former employee who alleges he was fired after he raised concerns about the company paying tens of millions of dollars to government officials in China, where the drugmaker’s business practices have been under US review.
Pro MMA League Looks to Sovereign Funds for New Investments
The Professional Fighters League is seeking sovereign wealth fund investments, according to the mixed martial arts league’s founder and chairman Donn Davis.
Kazakhstan Digs In for $13 Billion Fight With Oil Majors
Kazakhstan’s Energy Ministry told partners in the giant Kashagan oil venture it will press ahead with arbitration in a $13 billion dispute, a blow to the international majors that had hoped for a settlement.
Oil Pares Losses as Stockpiles Fall to 2022 Lows, Equities Climb
Oil pared losses as US stockpiles dropped to the lowest level this year and a rally in equities bolstered risk assets.
Quant Stock Trades Are Breaking Away From Bonds
All through the pandemic era and its aftermath, Jerome Powell lived rent-free in the heads of Wall Street stock traders.
Amazon, Warner Bros. Compete for New Package of Nascar TV Rights
Amazon.com Inc. and Warner Bros. Discovery Inc. are competing to broadcast a new package of Nascar races, with the league trying to boost its overall revenue by bringing in more media partners.
Writers Blast Studios for ‘Lecture’ After Strike Proposals
The Writers Guild of America fired back at the major media companies they have been negotiating a new contract with after the group representing the studios released details of its latest proposal.
Signs of Consumer Weakness Emerge in Canada Despite Retail Gains
Signs of weakening momentum in Canadians’ spending overshadowed better-than-expected retail sales in June and early data showing a strong July.
Germany’s BASF Inks LNG Supply Deal With Cheniere
Germany’s BASF SE has signed its first deal to buy liquefied natural gas as the chemical producer steps up efforts to diversify supplies amid Europe’s wider push to severe links with Russia.