Govt. shutdown, Amazon vs. FTC, Hollywood writers' deal: The Rundown

In this article:

The clock is ticking for U.S. lawmakers to avert a government shutdown, with the Senate putting forth a spending bill that has yet to be voted on in the House.

Amazon (AMZN) faces an antitrust lawsuit from FTC officials over the online retailer's alleged monopoly in the digital market space and its anti-competitive practices.

The Writers Guild of America (WGA) has reached a deal with studio executives after nearly five months of protest.

Yahoo Finance anchors Seana Smith and Brad Smith rundown several of this morning's top news stories, live from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

This post was written by Luke Carberry Mogan.

Video transcript

BRAD SMITH: And here is your morning rundown.

Well, it's crunch time.

With just three days to go, avoiding a government shutdown is looking less and less likely.

Late yesterday, the Senate unveiled a bipartisan measure to keep the government open, but there's no guarantee it will make it to the House floor.

SEANA SMITH: Plus, you've been served.

Amazon facing a landmark antitrust lawsuit from the FTC and 17 US states.

Now, the behemoth online retailer is accused of running an illegal monopoly in the ecommerce economy.

Amazon is the latest tech giant to fall in the government's crosshairs.

Google and Meta both currently fighting antitrust suits of their own.

BRAD SMITH: And it's back to work in Hollywood.

The writers strike is over with union leaders finalizing a new deal with studios.

Among the wins-- significant protections against the use of AI and new residuals around streaming viewership.

And now in play, the spotlight solely on striking actors as they look to land a deal of their own.