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Mid-day Update

PODCAST: Netflix goes ultra-high-definition

David Gura Oct 15, 2014
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Mid-day Update

PODCAST: Netflix goes ultra-high-definition

David Gura Oct 15, 2014
HTML EMBED:
COPY

A merger in the pharmaceutical industry is up in the air after the U.S. Treasury Department cracked down on what are called corporate inversions. Illinois-based AbbVie is reconsidering a $54 billion deal to buy UK rival Shire. More on inversions and why the Obama administration wants to stop these deals from happening. Plus, Netflix has quietly raised prices for a service almost no one uses: streaming video in 4-K, or ultra-high-definition, used to be available for eight or nine dollars a month. Now, a subscription is $12 a month. Only a few manufacturers make devices with 4-K displays. So, why raise the price on a service that’s not in high demand? And the price of oil is falling that’s partly because the oil industry’s been booming in this country. Well, a consequence of that growth is a shortage of regulators who oversee drilling.

 

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