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BC-APFN-Business News Digest

December 17, 2018

Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.

TOP STORIES:

FEDERAL RESERVE — Having raised interest rates with steady regularity in recent months, the Federal Reserve may embrace a new message this week: Flexibility. On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, is the Fed itself. By Martin Crutsinger. SENT: 950 words, photo.

TRUMP-RUSSIA PROBE-SOCIAL MEDIA — A report compiled by private researchers and expected to be released Monday by the Senate intelligence committee says “active and ongoing” Russian interference operations still exist on social media platforms. It says the Russian operation discovered after the 2016 presidential election was much broader than once thought. By Mary Clare Jalonick. SENT: 1,200 words, photo.

With:

— TRUMP-RUSSIA PROBE-SOCIAL MEDIA-KEY TAKEAWAYS — Some takeaways from two reports Monday illustrating the breadth of Russian use of social media to influence U.S. elections. Among other things, both reports show that misinformation on Facebook’s youth-oriented Instagram may have had broader reach than the interference on Facebook itself, while neither ads nor automated “bots” were as effective as posts generated by human agents. By Matt O’Brien. UPCOMING: 500 words by 4 p.m., photos.

GIFT GUIDE-GADGETS THAT BREAK THROUGH — Sometimes, it feels as though tech companies are making products to fill a phantom need, one that’s not really there. But occasionally, a product does break though. The latest Apple Watch, for instance, has several features that will be useful to the elderly and less-active individuals. Amazon has a digital video recorder aimed at cable cord-cutters. By Anick Jesdanun. SENT: 980 words, photos.

ON DEMAND HEALTH INSURANCE — A startup is trying to shake up health insurance by letting customers buy some of their coverage only when they need it. By Tom Murphy. SENT: 890 words, photos.

Also:

HEALTH CARE-ACA TROUBLES — The health care sector is getting punished before the opening bell after a federal judge in Texas ruled Friday that the Affordable Care Act is unconstitutional. SENT: 140 words, photo.

CHINA-FORCED LABOR — Behind locked gates in China, ethnic minority Muslims are sewing sportswear that can end up on U.S. college campuses and sports teams. By Dake Kang, Martha Mendoza and Yanan Wang. SENT: 3,000 words, photos.

MARKETS & ECONOMY:

FINANCIAL MARKETS — U.S. stocks are falling in choppy trading, and the S&P 500 is trading at its lowest in more than a year. Health insurers and hospitals are falling after a judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. By Marley Jay. SENT: 800 words, photo. UPCOMING: 700 words by 5 p.m.

INDUSTRY:

MALAYSIA-1MDB-GOLDMAN SACHS — Malaysia files criminal charges against Goldman Sachs and two former executives for their role in the alleged multibillion-dollar ransacking of state investment fund 1MDB. SENT: 690 words, photo.

BOEING-EMBRAER — Boeing is buying a majority stake in Embraer’s commercial aircraft and services operations for $4.2 billion. SENT: 140 words.

JAPAN-NISSAN-GHOSN — Nissan’s board meets but fails to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed. By Yuri Kageyama. SENT: 480 words, photos.

WILMINGTON TRUST-BANK FRAUD — The former president of the only financial institution criminally charged in connection with the federal bank bailout program has been sentenced to six years in prison for fraud and conspiracy. By Randall Chase. SENT: 750 words.

ISRAEL-SPACE — An Israeli nonprofit says it has pushed back the launch of what it hopes will be the first private spacecraft to land on the moon until February. By Isabel Debre. SENT: 450 words, photos.

TECHNOLOGY & MEDIA:

GOOGLE-NEW YORK — Google is planning a major expansion in New York City, announcing Monday it will spend more than $1 billion on a new office complex that will allow the internet search giant to double the number of people it employs there. By Mae Anderson. SENT: 500 words, photos.

CZECH-HUAWEI — The Czech Republic’s cyber security watchdog is warning against the use of products by Chinese electronics giant Huawei and another Chinese telecommunications company, ZTE. SENT: 140 words.

PERSONAL FINANCE:

NERDWALLET-LIZ WESTON-MONEY MYTHS — The famous “marshmallow test” doesn’t predict what we thought, and buying experiences isn’t always superior to buying stuff. When looking at our own money decisions, the safe bet is to rely on common sense. SENT: 820 words, photo.

INTERNATIONAL:

CHINA-US-TRADE — China and the United States clash again over their respective trade policies at a time the two countries are trying to iron out their differences so further U.S. tariffs are not imposed on Chinese goods. By Jamey Keaten. SENT: 460 words.

ITALY-PROSECCO BUBBLES UP — Prosecco, the smooth, fruity sparkling wine made in the northeastern hills of Italy is gaining in global popularity — and producers of Champagne, for so long the dominant bubbly wine, are taking note. By Colleen Barry. SENT: 950 words, photos.

BREXIT — Prime Minister Theresa May said Monday that the postponed vote in Parliament on Britain’s Brexit agreement with the European Union will be held the week of Jan. 14 — more than a month after it was originally scheduled and just 10 weeks before Britain leaves the EU. By Jill Lawless and Danica Kirka. SENT:830 words, photos.

MIDEAST-DRONES — The use of armed drones in the Middle East, driven largely by sales from China, has grown significantly in the past few years with an increasing number of countries and other parties using them in regional conflicts to lethal effects, a new report said Monday. By Zeina Karam. SENT: 550 words, photos.

MONEY & MARKETS SUMMARY:

SPOTLIGHT

ACA troubles

Stock in insurers such as Molina Healthcare and other health care companies fell after a Texas judge ruled that the 2010 Affordable Care Act is unconstitutional.

CENTERPIECE

Adobe’s acrobatic pivot

Adobe, the company that brought you Photoshop and the PDF file format, has made a huge transition since 2013, and now makes nearly 90 percent of its revenue from cloud-based subscription services.

Business News Supervisor Richard Jacobsen (800-845-8450, ext. 1680). For photos (ext. 1900.) For graphics/interactives (ext. 7636.) For access to AP Newsroom and technical issues: customersupport@ap.org, or 877-836-9477. Questions about transmission of financial market listings, call 800-3AP-STOX.

The full digest for AP’s Money & Markets service can be found at markets.ap.org. For questions about M&M content, contact Greg Keller at (212) 621-7958

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