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Amazon cops $500k fine for for hiding internal COVID cases

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Major online retailer, Amazon has been fined for concealing COVID cases

Amazon has been ordered to pay a fine of $500,000 for hiding the number of COVID-19 cases at its California workplaces from employees.

The penalty, imposed under California’s new “right to know” law was handed out following a complaint that was lodged against the company.

The online retailer has agreed to pay the penalty and says it will improve the way it manages COVID notifications. The company has been forced to institute better ways of tracking positive infections, which include informing all warehouse workers of the “exact number of new COVID-19 cases in their workplaces” within 24 hours.

The fine comes after a complaint was made to authorities by a staff member.

California attorney general Rob Bonta stated that “as our nation continues to battle the pandemic, it is absolutely critical that businesses do their part to protect workers now — and especially during this holiday season.

“Californians have a right to know about potential exposures to the coronavirus to protect themselves, their families, and their communities.”

California’s COVID “right to know” (AB 685) legislation:

Under the law, employers are required to alert workers who were potentially exposed to COVID-19 within one day, and must also report COVID-19 case numbers to local health agencies within 48 hours if they “meet the definition of a COVID-19 outbreak.”

Amazon has been continuously criticised for treatment of its workers throughout the COVID pandemic.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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