Day: July 8, 2018

Tencent streaming spinoff to list shares in U.S. amid music industry comeback

Tencent has the advantage of a fully developed entertainment and content empire that encompasses the ubiquitous WeChat messaging app, games, video streaming, a karaoke app and content-licensing deals with more than 200 international and domestic record companies. But like perennial rivals Alibaba Group Holding Ltd., Baidu Inc. and Netease Inc., Read More

Trump administration freezes some payments to Obamacare insurers, citing court ruling

The effect of the cutoff will be complex. In the short term, it will likely favor health insurers that have drawn healthier, less-costly customers. Under the risk-adjustment program, those insurers make payments into a pool that is redistributed to plans with sicker, more costly patients. As a result, some plans Read More