The National Labor Relations Board’s position is a setback for drivers who had hoped to join forces to push for better pay and working conditions. Source: NYT > Business – NOAM SCHEIBER
With Interest: The Week in Business: The Truth About Drug Costs, and Uber’s Disappointing I.P.O.
Plus, the continuing trade drama with China, and a pledge to end extremist content online. Source: NYT > Business – CHARLOTTE COWLES
They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States.
Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock market. Source: NYT > Business – KATE CONGER
Lyft’s First Results After I.P.O. Show $1.14 Billion Quarterly Loss
The ride-hailing company’s revenue nearly doubled for the quarter, while its loss was driven by a hefty charge for its stock-based compensation plan. Source: NYT > Business – KATE CONGER
Labor Dept. Says Workers at a Gig Company Are Contractors
The department exempted an unnamed operation from pay and benefit standards applied to employees, marking a shift from the Obama administration view. Source: NYT > Business – NOAM SCHEIBER
With Interest: The Week in Business: Pinterest Provides I.P.O. Inspiration and Tesla Shows Off Self-Driving Cars
Plus, The National Enquirer has a new owner and the country’s economy gets a checkup. Source: NYT > Business – CHARLOTTE COWLES