What's inside the $1.9T COVID-19 bill passed by Congress

WASHINGTON — The House approved a sweeping pandemic relief package over Republican opposition on Wednesday, sending it to President Joe Biden to be signed into law. The milestone political victory would provide $1,400 checks for most Americans and direct billions of dollars to schools, state and local governments, and businesses. Democrats said their “American Rescue Plan” would help the country […]

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As Los Angeles On-Location Filming Rebounds, FilmLA Is “Optimistic” That Local Film Economy “Will Soon Be Back On Track”

Applications to film on-location in Los Angeles surged 43.1% in February over January, according to FilmLA, the city and county film permit office. A late-month surge in production made last month the third-busiest FilmLA has recorded since June, when production tentatively resumed after the Covid-19 shutdown, though the agency said “activity remains around 40% below normal for this time of […]

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Universal Theme Parks In Florida, Japan Get “Off-The-Charts” Customer Reviews, Comcast CFO Mike Cavanagh Says; Movie Biz “Lumpy” But “Healthy”

Comcast theme parks swung from nearly $3 billion in profit to $500 million in losses “in a flash” during 2020, but their current outlook is “encouraging,” CFO Mike Cavanagh said. Cavanagh discussed parks, Universal’s film and TV operations, streaming service Peacock and other topics in an online appearance today at a Deutsche Bank investor conference. As the other major U.S. […]

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GameStop shares whipsaw in echo of January frenzy

Shares in GameStop went on another wild ride on Wednesday, first shooting higher and then crashing in a repeat of the explosive trading frenzy from the start of this year. The shares surged as high as $348.50, marking a 150 per cent rally on the week, before tumbling back towards $200 as more than 45m shares traded hands by 1pm […]

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Facebook Files To Dismiss Federal Antitrust Suit; Says No “Objective Measure Of Quality Declined” As It Grew

Facebook has finally responded to a December antitrust suit by the Federal Trade Commission (and nearly four dozen states) – asking a federal judge to dismiss it. In a filing in U.S. District Court in Washington, D.C., the social media giant called the suit baseless. The FTC “utterly ignores the reality of the dynamic, intensely competitive high-tech industry in which […]

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