Media Relations Office

Chinese e-commerce giant Alibaba, which has been trading on the New York Stock Exchange since 2014, is planning a secondary listing in Hong Kong. Trading is expected to begin on Nov. 26. Andrew Karolyi is professor of economics at the Cornell SC Johnson College of Business and an expert in investment management with a focus on the study of international financial markets. Karolyi says that the listing helps to tap into the ever-deepening pools of capital in Asia.

Cornell SC Johnson College of Business

Economics and Business

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This week, Disney made its foray into streaming with a new platform, Disney Plus, that offers viewers the entertainment giant’s trove of original content for a $7 monthly subscription rate.  Aija Leiponen, associate professor of applied economics at the Cornell SC Johnson College of Business, says that Disney Plus further fragments an already packed market of streaming services.

Cornell SC Johnson College of Business

Economics and Business

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Glen Dowell, a corporate sustainability researcher and professor of management and organizations at the Cornell SC Johnson College of Business, comments on recent environmental activism among tech workers.

Energy, Environment & Sustainability

Economics and Business

Cornell SC Johnson College of Business

Atkinson Center for a Sustainable Future

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On Tuesday, Amazon announced that it would start offering free food delivery for Prime members. The announcement comes over two years after the Seattle-based tech giant acquired Whole Foods in an effort to develop its business in the grocery and food industries.  Daniel Hooker, senior lecturer in food industry management at Cornell University’s SC Johnson College of Business, says that while Amazon may yield short-term gains from offering free deliveries, shoppers will need more convincing before they give up on brick-and-mortar grocery stores.

Economics and Business

Cornell SC Johnson College of Business

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This Halloween, Americans are expected to spend a near-record amount of $8.8 billion on costumes and other decorations. While the holiday traditionally attracts a core of committed fans, many are also peer-pressured to jump into the festivity’s spending.  Ori Heffetz, professor of applied economics at Cornell University’s SC Johnson College of Business, is an expert on consumption and studies the psychological, social and cultural aspects of economic behavior. Heffetz says that when it comes to celebrations, Halloween has become the holiday to show off one’s status.

Economics and Business

Cornell SC Johnson College of Business

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After prolonged negotiations and a monthlong strike General Motors (GM) reached a preliminary agreement with the United Auto Workers (UAW) on Wednesday about contracts. Arthur Wheaton, an expert of the automotive industry at Cornell University’s ILR School, says that after it’s ratified, the deal will likely affect negotiations at the other two carmaker giants, Ford and Fiat Chrysler. 

Economics and Business

Industrial and Labor Relations

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Following pressure from China, Apple decided to pull HKmap.live from the App Store. The app allowed users to track police presence in Hong Kong, where antigovernment protesters have been demonstrating for months. The removal was announced shortly after Beijing criticized the tech giant in a strongly worded editorial on Wednesday.  Thomas Jungbauer, professor of economics in the SC Johnson College of Business at Cornell University, studies tech firms and high-skilled labor markets. He says that tech companies are walking a fine line as they attempt to develop their Chinese markets

Cornell SC Johnson College of Business

International

Economics and Business

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The U.S. announced it is moving to impose tariffs imports from the European Union, following a ruling from the World Trade Organization (WTO) earlier on Wednesday that authorized Washington to go ahead with tariffs. Kate Bronfenbrenner, senior lecturer at Cornell University’s School of Industrial and Labor Relations, says that the WTO’s decision gives Trump the option to use tariffs as a distraction from domestic issues at the expense of jobs beyond the airline industry - where the trade dispute originated.

Economics and Business

Industrial and Labor Relations

International

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On Wednesday, vaping firm Juul announced it was replacing its chief executive, Kevin Burns, with KC Crosthwaite, formerly with tobacco giant Altria. The replacement follows reports of vaping-related lung diseases and growing concerns about the firm’s advertising towards children. Hyunseob Kim, professor of finance in the Johnson Graduate School of Management at Cornell University and an expert in corporate governance says that a former tobacco executive is a natural pick given their expertise with regulators, one of Juul’s most important audiences in the foreseeable future.

Economics and Business

Cornell SC Johnson College of Business

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Art Wheaton, professor of labor at Cornell University and an expert on the automotive sector, says the strike will not just affect General Motors but will also impact Ford and Fiat Chrysler.

Economics and Business

Business, Economics & Entrepreneurship

Labor Relations & Human Resources

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