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
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…