>>Trump Media Stock Jumps 50% In Market Debut
(New York NY) -- Shares in former President Trump's social media company jumped more than 50 percent after it began public trading morning under the ticker symbol DJT on Wall Street. Trading in the Trump Media & Technology Group was briefly halted just before 10 am due to volatility. Its market valuation was about two-and-half billion dollars in early trading on the Nasdaq. Trump's net worth has reportedly soared to six-point-five-billion after the stocked jumped.
>>Visa And Mastercard Reach Settlement With Merchants Over Fees
(New York, NY) -- Visa and Mastercard are coming to a settlement to lower "merchant fees" that could potentially save consumers billions. The fees credit card companies charge to small and large businesses usually cost merchants two-percent of the transaction, and that is passed along to consumers. The settlement forces credit card companies to cap the fee over the next five years, then negotiate a new "swipe-fee" with merchants. The companies have been making billions for the additional "swipe-fee" paid by merchants.
>>Amazon Launches Same-Day Prescription Service In 2 Major Cities
(New York, NY) -- Amazon is launching a same-day medication prescription delivery service in two major cities. The prescriptions will be offered in Los Angeles and New York City through Amazon's online pharmacy service, which launched in 2020. The company says smaller facilities will be used to complete the orders and they'll be stocked with the most common prescription medications and equipped to process a prescription "within a matter of minutes, rather than hours or days."
>>Apple Faces Three Consumer Lawsuits
(Cupertino, CA) -- Apple is facing three new consumer lawsuits that claim it is monopolizing the smartphone market. The class actions were filed by Android users in California and New Jersey. The claims allege that Apple keeps certain essential apps, services, and hardware exclusive to the iPhone, thus maintaining a monopoly by eliminating competition with Android smartphones.
>>Landlord Asks Judge To Evict MyPillow From Warehouse
(Shakopee, MN) -- A landlord for one of MyPillow's manufacturing facilities in Minnesota is asking a judge to evict the company. According to court documents, MyPillow has failed to pay more than 200-thousand-dollars in rent over the last few months for the facility in Shakopee. CEO Mike Lindell, an outspoken supporter of former President Donald Trump, has been very public about his financial struggles. He says his company has lost a hundred million dollars after retailers and shopping networks dropped his products when he started spreading election fraud claims about the 2020 presidential race. A judge has said that the eviction order will be granted.
