Breaking the bubble
March 21, 2019
National:
In light of the plane crash in Ethiopia on March 10, the second crash of a Boeing 737 MAX 8 aircraft over the past five months, the FAA grounded all of the jets on March 13. The public has voiced concerns wondering why U.S. airlines had not taken earlier action. While many remain skeptical and sense that the airlines had prioritized convenience and influx of revenue, the airlines defend their data-based decision by stating that safety was their main concern.
Disney has closed a deal to acquire 21st Century Fox assets for $71.3 billion. This deal grants Disney control over the FX cable network, Fox Searchlight label, National Geographic properties, and Fox’s television and movie studios. With Disney projecting to release a second streaming service this year, the merge with Fox may help increase consumers, as it will now include both Disney movies and Fox programs.
International:
Following antitrust violations, Google is facing a $1.7 billion fine by the European Union (EU), the EU’s third fine against the tech company in the past two years. The most considerable violation involves Google’s altering of third party websites to block advertisements from competing companies and prioritize their own advertisements and services.
Prime Minister of the United Kingdom Theresa May requested the European Union (EU) delay the UK’s departure date from the block until June 30. The EU will grant this request on the condition that May receives support from Parliament next week on her plan to permanently withdraw from the EU. Parliament has previously rejected May’s Brexit deal twice.