Some of Friday’s top business news stories:
The Wall Street Journal
Small number of drugs drive big Medicare bill, spending data show, by Joseph Walker and Anna Wilde Mathews
Stock markets fall as turnaround whips investors, by Tommy Stubbington and Christian Berthelsen
The New York Times
Social media punished as results fall short, by Vindu Goel and Mike Isaac
Microsoft (yes, Microsoft) has a far-out vision, by Nick Wingfield
Quartz
Elon Musk makes the case that Tesla is a battery company first, and a carmaker second, by Adam Pasick
A peeved beer drinker is suing Blue Moon for claiming it’s a craft beer, by Deena Shanker
Fortune
Why Americans just won’t take time off, by Colleen Kane
LinkedIn shares plummet on weak outlook despite rising sales, by Tom Huddleston Jr.
News about business journalism
Bilodeau named global exec editor of Bloomberg Television
WSJ reporter Newman is a life-long skeptic
NYT’s names Duhigg leader of events/conference business
Facebook disables Crain’s New York account after pot story
Cramer paid $3.05 million by TheStreet in 2014
This date in business journalism history
2008: Bandler says goodbye to WSJ
2012: WSJ sees weekend circulation rise
Business journalism birthdays
May 1: Cathie Anderson of The Sacramento Bee
