3/30/2023 0 Comments Stifel wealth tracker app![]() Among the handful of issues that would make Republicans less likely to buy from a company were support for the Black Lives Matter movement, abortion rights, stricter gun control, transgender rights and gay rights. More than half of Americans said they were more likely to buy from companies that promote certain social causes, including racial equality and civil rights, although support among Democrats was stronger than among Republicans on many of these issues. Nearly three-quarters of respondents said that the government should ensure equitable access to voting locations. Support was lower among all adults (39 percent), but if the league was worried about the effect on its most dedicated fans, this is an important finding.ĥ7 percent of Americans think companies should cut back on donations to elected officials who are working to limit voting rights. Here are some highlights:Ħ2 percent of “avid” baseball fans support M.L.B.’s decision to move the All-Star Game from Georgia in response to the state’s new voting restrictions. The data provided by Morning Consult was presented to the C.E.O.s on the call, which was convened by the Yale professor Jeffrey Sonnenfeld. Ken Chenault, the former AmEx chief, and Ken Frazier, the current Merck C.E.O., urged the executives on the call to publicly state their support for broader ballot access, following their work gathering 70 fellow Black leaders to sign a letter calling on companies to fight bills that restrict voting rights, like the one that recently passed in Georgia.Ī new survey of Americans gives support for companies wading into politics. The voting-rights debate is fraught for companies, putting them at the center of an increasingly heated partisan battle. Snap polls during the call suggested that most of the participants favor doing something, though what that would be isn’t yet clear. Over the weekend, more than 100 corporate leaders held a conference call to discuss what they should do, if anything, to shape the debate around restrictive new voting laws under discussion across the U.S. Alibaba’s shares are still down sharply from late last year, when the antitrust rumblings began. And today, the company said it would lower the fees it charges merchants and provide additional services. Beyond the fine, the company agreed to stop violating antimonopoly rules and submit compliance reports for three years. Alibaba’s shares rose by more than 6 percent in Hong Kong trading. “We accept the penalty with sincerity,” Alibaba said in a statement, and executives held a call today to say the fine, worth about 4 percent of revenue, wasn’t material to the e-commerce giant’s finances. But smaller rivals are now likely to find support from Beijing if they accuse Alibaba of anticompetitive practices in the future. Like its American counterparts, the company argued that its sheer size and wealth of services are a net positive for consumers. The fine will likely curb Alibaba’s ambitions. The authorities also told Ant to stop anticompetitive practices. was halted last November, to become a financial holding company subject to stricter rules. This morning, Chinese regulators asked Ant Group, the Alibaba affiliate whose I.P.O. A commentary published in the state-run People’s Daily minutes after the Alibaba announcement called such regulation “a kind of love and care.” The fine was linked to Alibaba’s locking of merchants into its sales platform, according to the Chinese market authority, and vastly exceeds the agency’s previous largest fine, a $975 million antitrust penalty imposed on Qualcomm in 2015. It was the biggest penalty yet as the Chinese government scrutinizes Jack Ma’s business empire - and it served as a warning for the country’s other internet giants. Over the weekend, Chinese officials fined Alibaba a record $2.8 billion over antitrust violations. ![]()
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