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Uber, DoorDash lose bid to block NYC minimum wage

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A New York state judge rejected a bid by Uber Technologies Inc, DoorDash Inc and Grubhub Inc to block New York City’s novel law setting a minimum wage for app-based delivery workers.

The decision by New York Acting Supreme Court Justice Nicholas Moyne will allow the law to take effect pending the outcome of the companies’ lawsuit. Moyne in July had stopped the law from being implemented while he considered the companies’ request to block it until the case is resolved.

The law will require companies to pay delivery workers $17.96 an hour, which will rise to nearly $20 in April 2025. Companies can decide whether to pay workers hourly or per delivery, which would be based on the hours workers log into the app.

Uber, DoorDash, Grubhub Inc and a smaller food delivery service, Relay Delivery Inc, claim the law will force them to shrink service areas to absorb the new labor costs, ultimately hitting customers and restaurants.

Moyne blocked the city from enforcing the law against Relay pending the outcome of the case. The judge said that unlike the other companies, Relay cannot immediately raise the fees it charges to restaurants and needs time to renegotiate its contracts.

Adam Cohen, a lawyer for Relay, in an email said Relay’s couriers earn more than $30 an hour on average.

“Today’s ruling further ensures beloved local restaurants, many of which are also small businesses, will continue to be able to rely on Relay to help them make ends meet,” Cohen said.

A DoorDash spokesperson in a statement said the decision was disappointing for workers, merchants and customers.

“The City’s insistence on forging ahead with such an extreme pay rate will reduce opportunity and increase costs for all New Yorkers,” the spokesperson said.

Spokespersons for Uber and Grubhub also said they were disappointed with the ruling.

City officials, meanwhile, praised the judge’s decision in a press release.

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Will the U.S. approve MDMA therapy?

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MDMA is a drug commonly known as molly or ecstasy.

Some medical professionals say it can be helpful for people with post-traumatic stress disorder — which is why a group has been fighting to get MDMA legalized as a prescription drug.

Currently, the U.S. Food and Drug Administration is reviewing an application to use MDMA to treat PTSD. The agency is expected to announce its ruling as soon as August.

Anna Silman, a features correspondent with Business Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #drugs #MDMA #MDMATherapy #business #pharmaceutical

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Apple responds to crushing iPad Pro criticism

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Apple issued an apology following backlash over a recent advertisement for the latest iPad Pro.

On this episode of Ahron & Mike Live – Painted Panda dogs confuse zoo goers, luxury Police cars cruise the roads, Siri meets up with ChatGpt and Apple’s “Crush” iPad ad faces overwhelming backlash.

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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