Some of Friday’s top business news stories:
The Associated Press
Paramount decides it won’t sell majority stake in BET Media Group, source tells AP, by Jonathan Landrum Jr.
Maui residents fill philanthropic gaps while aid makes the long journey to the fire-stricken island, by James Pollard and Thalia Beaty
CNN
Blue Shield California ditches CVS for Amazon and Mark Cuban’s drug company, by Tami Luhby and Jordan Valinsky
Publishers see dramatic drop in Facebook referral traffic as the social platform signals exit from news business, by Oliver Darcy
The Wall Street Journal
The EV Startup Worth More Than GM Had Troubled U.S. Rollout, by Ryan Felton and Sean McLain
Walmart Lifts Sales Outlook, Fueled by Consumers Looking for Deals, by Sarah Nassauer
CNBC
China’s property giant Evergrande files for bankruptcy protection in Manhattan court, by Sumathi Bala
Looming auto workers strike could cost $5 billion in just 10 days, new analysis says, by Michael Wayland
Reuters
British consumers curb their shopping in rainy July, by William Schomberg and William James
Moderna’s updated COVID vaccine effective against ‘Eris’ variant in humans
News about business journalism:
Variety promotes Keslassy to international executive editor
WSJ Pro editor Zabkova departs for McKinsey & Co.
Associate editor Ponciano departs Forbes for B school
Is the media to blame for economic ignorance?
Stigler Center seeks applicants for its 12-week program
How The Economist is using short-form video to attract readers
Zaveri swaps Insider for Bloomberg
NBC News hires Melas as entertainment correspondent
NY Times news and features changes, ABC’s senior White House reporter, more media moves inside
Bloomberg hires Bello as India energy and commodities editor
How Shontell is remaking Fortune
NY Times hires STAT senior news editor Thielking
