Uber will officially classify its British drivers, all 70,000 of them, as “workers” following a “major legal defeat” for the ride-hailing company in the British Supreme Court last month. The move entitles the drivers to “a minimum wage, vacation pay and access to a pension plan” and marks the “first time the company has agreed to classify its drivers in this way” - NYTimes and WSJ and MarketWatch and TechCrunch
Decision day for the Fed, which wraps its March FOMC meeting this afternoon - Bloomberg and NYTimes and WSJ
Though Apple’s been getting most of the heat over its app store developer fees, Google has faced similar calls by app developers to reduce commissions from app sales in its Play Store. On Tuesday, the company announced that it will, in fact, halve its commission on the first million in app sales from 30 to 15% - NYTimes and WSJ
Akron-based First Energy Corp. has struck a deal with activist investor Carl Icahn that will see two of his choices elevated to the utility’s board and “avert a potential proxy fight as the company looks to put a bribery scandal behind it” - WSJ and Bloomberg
JPMorgan Chase has announced plans to welcome its summer intern class to the office for an in-person experience in New York and London—the latest sign “that corporate giants believe a version of pre-pandemic working life is near” - NYTimes
In the latest blow to Jack Ma’s Alibaba empire thanks to a pressure campaign from Beijing, the company’s UC Browser has “vanished from China’s largest app stores” following a “name-and-shame program” broadcast on “government-run China Central Television” - Bloomberg
Bit of globalization in practice courtesy of Inter Milan, the “storied Italian soccer club” whose Chinese owner “spent heavily” on big-name talent for 5 years but faces shifting fortunes at home that’s leaving the club suddenly struggling to just stay afloat - NYTimes
NY-based food-ordering company Olo Inc. raised $450 million in its public markets debut on Tuesday, exceeding expectations after opening with a share range elevated just days earlier - Bloomberg and MarketWatch
Hitting a lot of solid 90s-kid right notes with this feature on the rise of TNG memes, including their dominance in the early days of the 2000s internet - Mashable
Stay safe.
