Here is a rundown of Cheddar News' top trending market stories of the day.
TWITTER CANNABIS ADS
Cannabis ads are coming to Twitter. The social media platform said it will start allowing ads featuring cannabis in states where the drug is legal. While Reddit currently allows ads for CBD products, Twitter will be the first social media app to allow advertising of products with THC content. The company said in a blog post announcing the change that it would create opportunities for “responsible cannabis marketing.”
FASTER INSTACART SHOPPING
Instacart is rolling out a new tool that aims to save "shoppers" (which in company parlance means workers) time and money. Called the "Queued Batches" feature, it allows users to accept a second order before they are finished with the first one. The company said this will cut down significantly on the amount of time shoppers spend in the store.
WORKER BURNOUT
A new study has shown that burnout is not only real but stronger than it was at the height of the COVID-19 pandemic. A survey by Future Forum found that more than 40 percent of people who work office jobs feel burnt out. Many experts are attributing this frustration to higher inflation, economic uncertainty, and fears of being laid off. The end of work from home policies may also be a factor.
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
