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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
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Hollywood studios say they’ll talk to striking writers next week, but has no plans to engage with actors

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The Associated Press
The Associated Press
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By
The Associated Press
The Associated Press
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September 15, 2023, 10:53 AM ET
Fran Drescher
Fran Drescher has emerged as the feisty head of the striking actors in Hollywood.Richard Shotwell/Invision/AP

Contract talks that could end Hollywood’s writers strike are set to resume next week, studios said Thursday.

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The Alliance of Motion Picture and Television Producers, which represents the industry’s studios, streaming services and production companies in union negotiations, said in a statement that they had reached out to the Writers Guild of America on Wednesday and the two sides agreed to resume negotiations next week.

Leaders are still working out the details, the statement said, and no further specifics were provided.

“Every member company of the AMPTP is committed and eager to reach a fair deal, and to working together with the WGA to end the strike,” the statement said.

There are no talks yet planned to settle the actors strike.

Writers have been on strike for 4 1/2 months over issues including pay, job security and regulating the use of artificial intelligence.

A previous attempt to restart talks fell flat. The two sides had a handful of meetings in mid-August, including one that included the heads of Disney, Netflix and Warner Bros. Discovery.

But writers said that after exchanging contract proposals, “they were met with a lecture about how good their single and only counteroffer was,” and the talks trailed off.

California lawmakers on Thursday voted to allow striking workers to claim unemployment benefits.

If signed by Newsom, the bill would benefit Southern California hotel workers along with the striking actors and screenwriters.

But it’s not clear if Newsom will sign it. The fund California uses to pay unemployment benefits is insolvent. Business groups have said making more people eligible for benefits will only make it worse.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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