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White House cuts key Obamacare subsidies, Amazon suspends film chief after harassment claim, and more news.

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ACA SUBSIDIES
The White House announced late Thursday that it has stopped key subsidy payments to insurers selling Obamacare coverage. The subsidies, which help reduce costs for low-income customers, are worth roughly $7B this year and $10B in 2018.
 
AMAZON
Amazon entertainment studio chief Roy Price has been suspended after being accused of sexual harassment. The alleged incident involved the studio head and Isa Hackett, an executive producer for “The Man in the High Castle.”
 
SAMSUNG
Samsung Electronics Vice Chairman and CEO Oh-Hyun Kwon will step down in March 2018. His announcement comes on the same day Samsung forecasted record third quarter profits of $12.81B.
 
QUOTE
As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company [sic] start anew.
--Oh-Hyun Kwon, Samsung CEO, in a letter to employees on his upcoming resignation

Daily Top Headlines: 
Animation: Lucy Clinch 
Script: Katie Carroll, Lorraine K. Lee 
Art: Jacqueline Zaccor 
Producer: Florencia Iriondo

Published in: News & Politics
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