Whether you paid $8.99 for basic, $12.99 for standard, or splurged for the $15.99 premium package so you would have the privilege of watching endless streaming shows and movies on Netflix last month, a new analysis shows you still paid much, much more than the company paid in federal and local income taxes for the entire year. According to Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy (ITEP), "The popular video streaming service Netflix posted its largest-ever U.S. profit in 2018­­—$845 million—on which it didn't pay a dime in federal or state income taxes."

U.S. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals (CPRX.O) on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free. The drug, Firdapse, is used to treat Lambert-Eaton Myasthenic Syndrome (LEMS), a rare neuromuscular disorder, according to the letter, made available to Reuters by the senator’s office. The disorder affects about one in 100,000 people in the United States.

When the GOP passed tax reform in 2017 the party justified it's corporate tax cuts claims that the reductions would boost US employment wages and the economy in general. The FCC justified it's repeal of net neutrality by arguing that the regulation of wireless and wireline service was hampering innovation imposing ruinous costs and harming the telcos ISPs and cellular service providers in the United States.

No one likes a lying asshole. Let's get one thing straight right off the bat: Facebook, its CEO Mark Zuckerberg, and its COO Sheryl Sandberg, and its public relations people, and its engineers have lied. They have lied repeatedly. They have lied exhaustively. They have lied so much they've lost track of their lies, and then lied about them.

The Amazon HQ2 saga had all the hallmarks of the gaudiest reality TV. It was an absurd spectacle, concluding with a plot twist, which revealed a deep and dark truth about the modern world. Fourteen months ago, Amazon announced a national beauty contest, in which North American cities could apply to win the honor of landing the retailer’s second headquarters. The prize: 50,000 employees and the glory of housing an international tech giant. The cost? Just several billion dollars in tax incentives and a potential face-lift to the host city.

This week’s FTC hearings on the growing power of companies like Amazon, Facebook, and Google only included economists who have taken money, directly and indirectly, from giant corporations that have a stake in the debate.

The New York Times has published a massive investigation of President Trump’s finances, revolving around two important revelations. First, Trump was given far more financial support by his father than previously known — at least $413 million in today’s dollars, not the measly $1 million he claims to have received. Second, the mechanisms by which he received these transfers often crossed the line from aggressive or creative maneuvering into illegality.

A U.S. law firm is seeking to launch a class-action lawsuit on behalf of fans who purchased inflated resale tickets through Ticketmaster, alleging the company runs a professional scalper program that may have violated consumer rights. The effort by Hagens Berman follows a CBC News/Toronto Star investigation that found Ticketmaster representatives at a Las Vegas convention were recruiting professional scalpers to use a web-based sales tool called TradeDesk to resell millions of dollars in tickets.

Google is allowing hundreds of companies to scan people’s Gmail accounts, read their emails and even share their data with other firms, the company has confirmed. In a letter to US senators Susan Molinari, Google’s vice president for public policy in the Americas admitted that it lets app developers access the inboxes of millions of users – even though Google itself stopped looking in 2017.

The fight for our right to repair the stuff we own has suffered a huge setback. As anyone who repairs electronics knows, keeping a device in working order often means fixing both its hardware and software. But a big California farmers’ lobbying group just blithely signed away farmers’ right to access or modify the source code of any farm equipment software. As an organization representing 2.5 million California agriculture jobs, the California Farm Bureau gave up the right to purchase repair parts without going through a dealer

A pharmaceutical company executive defended his company's recent 400% drug price increase, telling the Financial Times that his company had a "moral requirement to sell the product at the highest price." The head of the US Food and Drug Administration blasted the executive in a response on Twitter. Nirmal Mulye, founder and president of Nostrum Pharmaceuticals, commented in a story Tuesday about the decision to raise the price of an antibiotic mixture called nitrofurantoin from about $500 per bottle to more than $2,300.

Under pressure to meet steep sales goals and incentives, Wells Fargo employees created over a million fraudulent accounts in their customers’ names.

Senate Democrats yesterday asked the Federal Communications Commission to investigate Verizon's throttling of firefighters during California's largest-ever wildfire. US Sens. Dianne Feinstein (D-Calif.) and Kamala Harris (D-Calif.) also sent a letter to Verizon, accusing the carrier of misleading the fire department in its marketing of unlimited data. Additionally, the Democrats sent letters to the other major carriers asking for commitments that they won't throttle the data of public safety officials while they are responding to emergencies.

Plane journeys are taking longer than a decade ago, according to a report that claims the change is down to airlines “padding” their schedules to create the impression passengers were reaching their destinations on time. Carriers are adding extra time to flight schedules, in some cases up to 30 minutes, to ensure they maintain punctuality and are therefore less likely to be liable for compensation payouts, the investigation by Which? Travel claimed.

Aside from hiking up prices, the one thing that really annoys passengers is reducing their space. At 30,000 feet, personal space is money and we are willing to pay for more legroom or an emergency exit seat. So it comes as no surprise that travellers on the American Airlines 737-800 routes are not happy. After saying it wouldn’t happen, it seems it will. The American Airlines Densification program has begun with the airline cramming in 22 more seats per 737.

The fossil fuel, utilities and transportation sectors are known for speaking as little as possible on the subject of climate change impact– however, they sure will put their money where their mouth is when it comes to lobbying for climate change legislation. For the first time, a Drexel University researcher analyzed lobbying data, finding that these sectors out-lobbied environmental organizations and alternative energy corporations, both proponents of emissions regulation.

Facebook on Wednesday drew scrutiny for allowing the conspiracy-theory website Infowars to operate a page on its platform just as the social network was trying to promote its efforts in dealing with intentionally false or misleading news.

It is the largest payout over allegations that Johnson & Johnson's talc-based products cause cancer.

Villagers who could not download films because of slow broadband speeds take matters into their own hands.

Earlier this week, former employees called out AT&T for unethical business practices that pushed customers to sign up for various streaming TV packages, sometimes without their knowledge or explicit consent. But now, it seems things may have gotten even worse thanks to a sneaky tactic that could allow AT&T to rake in an extra $800 million a year.