… And both are banned. Plus: futures contracts for water, remote learning and how museums are faring in the pandemic.
“Marketplace” host Molly Wood talks with Ana Swanson at the New York Times and Catherine Rampell at the Washington Post about the ripple effects of the ban on TikTok and WeChat, internet rates, and the road to economic recovery on a global scale.
In addition to the bans on downloads and updates, users in the U.S. won’t be able to make payments through WeChat.
As water becomes increasingly scarce, buying futures contracts may help businesses reliant on water keep prices down.
Some cultural institutions are facing severe budget shorfalls, but most have a surplus of art that can be easily converted to cash.
The vice president of the Mexican Society of Theater Producers said the industry has lost about $1 billion since theaters closed in early March.