By Noah Rothstein The Internal Revenue Service (IRS) is grappling with a massive backlog of 35 million unprocessed tax returns, according to a new report from a government watchdog. The backlog will cause millions of individual and business taxpayers to wait to receive potentially critical federal refunds. The current backlog includes 17 million paper tax [...]
By Noah Rothstein U.S. natural gas producers are hoping climate-conscious electric and gas exporters will pay additional premiums to safeguard the environment. Premiums for "greener gas" have been certified as coming from low-emission operations or renewable sources such as landfills. EQT Corp, Chesapeake Energy, and liquefied natural gas firms Cheniere Energy and NextDecade Corp are [...]
By Noah Rothstein On Tuesday, June 29, the Competitive Enterprise Institute hosted an event with a distinguished guest panel to discuss the potential impact of price controls on prescription drug costs in the U.S. American patients benefit from a bounty of choice and innovation in medical treatment options. Yet many Americans believe the price of [...]
By Noah Rothstein Apple and Microsoft have reignited tensions that date back to the formative days of the two tech giants. In its legal fight with Fortnite creator Epic Games, Apple accused Microsoft of being the puppet master behind the game maker's case. Epic Games accused the iPhone maker of anticompetitive practices, while Microsoft blamed [...]
By Noah Rothstein Throughout the pandemic, America’s consumption of beer and alcohol has remained steady in the aggregate. Alcohol consumption spiked as consumers were confined to their homes, leading to massive sales but forcing the industry to pivot to new packaging and distribution. Liquor stores and grocery stores, which were categorized as “essential businesses” and allowed to [...]
By Noah Rothstein Google and YouTube have teamed up to help small businesses connect with more customers. On Thursday, June 24 at 12 P.M. ET, YouTube is set to have its very first Small Biz Day kicking off the Google for Small Business channel, a part of Google’s International Small Business Week. The event is a new opportunity [...]
By Noah Rothstein As the COVID-19 pandemic ends, more Americans seeking medical care find themselves facing a national blood shortage. In June, the blood supply dropped to "red" level, indicating dangerously low supply at blood centers nationwide, according to the AABB Interorganizational Task Force on Domestic Disasters and Acts of Terrorism. Several factors contributed to [...]
By Noah Rothstein The U.S. beef industry is ramping up production after Brazil’s JBS SA (JBSS3.SA) suffered a ransomware attack that disrupted meat production in North America and Australia. The cyberattack left JBS’s beef and pork processing capacity crippled. With North American operations headquartered in Greeley, Colorado, JBS controls about 20% of the slaughtering capacity for U.S. [...]
By Noah Rothstein Grubhub invested in delivery in the face of increasing competition back in 2015, hoping to increase order frequency, and maintaining dominance in a nascent market. However, Grubhub lost money for the first time as a public company in 2018, and the company has not generated an annual net income since. [...]
By Noah Rothstein Amazon Prime Day is right around the corner, starting Monday, June 21 and ending Tuesday, June 22. Prime Day will include a three-part special featuring multi-award-winning artists Billie Eilish, H.E.R., and Kid Cudi in an immersive musical experience. Amazon is offering epic streaming and video deals for Prime Day 2021. For just 99 cents a month, Prime [...]
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