Google Harmed Publishers By Monopolizing Ad Tech, Judge Rules

News Corp announced that it has completed the acquisition of the Oil Price Information Service (OPIS) and related assets, including the Coal, Mining and Metals business from S&P Global and IHS Markit. OPIS, a highly profitable and growing digital data, analytics and insights provider, will join Dow Jones’ professional information business, expanding Dow Jones’ presence in the energy, commodities and renewables markets. News Corp acquired OPIS for $1.150 billion in a cash transaction, subject to customary adjustments (and expects to receive an estimated tax benefit of $180 million as part of the transaction1). News Corp also has an agreement to acquire the Base Chemicals business from S&P Global and IHS Markit; that acquisition is expected to close in the coming months.

China has pledged a tit-for-tat response. In April, it said it would levy 25% tariffs on imports of 106 U.S. products in response to proposed American duties. The White House on Friday imposed $50 billion of tariffs on Chinese goods—a move, it says, will protect American workers and businesses from unfair trade practices. But the country’s largest retail trade association and some analysts are not buying that argument. “Tariffs are taxes on American consumers, plain and simple,” Matthew Shay, CEO of the National Retail Federation (NRF) said in a statement. “These tariffs won’t reduce or eliminate China’s abusive trade practices, but they will strain the budgets of working families by raising consumer prices.” Click Read More below for additional information.

The U.S. may be reopening, but Shutterfly, the personalized products company, wants the gratitude for essential workers to keep on flowing. It’s featuring children’s thank-you drawings in out-of-home installations in a new campaign, kicking off in New York City’s Times Square and Grand Central Station. Throughout the pandemic, Shutterfly has been encouraging users to make messages of gratitude with its “Create Thanks” campaign. People all over the U.S. have been touched by kids’ homemade “Thank you, essential workers” messages. Besides taping the drawings up in living room windows, making sidewalk chalk drawings or tacking them up on front porches, many uploaded their handiwork to the company's content hub, says Jim Hilt, president of Shutterfly’s consumer products divisions.