Cheddar Afternoon Business Update 11/8: Uber, Waymo, Disney

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NEW YORK -

Uber is partnering with NASA on software to manage flying taxis, similar to they way it revolutionized transportation on the ground. It's NASA's first formal contract covering low altitude airspace rather than outer space.

Waymo is working on a fleet of self-driving taxis. The company is currently testing the program outside of Pheonix with self-driving Chrysler Pacifica minivans. There's currently a driver behind the wheel, but going forward, the passenger will be the only human in the car.

Disney reversed its decision to ban the LA Times from press screenings of its movies. The company had initially revoked access after the Times ran a story about Disney's business ties with Anaheim that Disney thought was unfair. Film critics from the Washington Post, New York Times and others threw their support behind the LA Times, saying other film critics threw their support behind the Times, saying they would boycott Disney press screenings in solidarity.

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  • South Korean president in Russia to boost economic ties

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    (Sergei Karpukhin/Pool Photo via AP). South Korean President Moon Jae-in and his wife Kim Jung-sook, left, attend a wreath laying ceremony at the Tomb of the Unknown Soldier near the Kremlin in Moscow, Russia, Thursday, June 21, 2018.(Sergei Karpukhin/Pool Photo via AP). South Korean President Moon Jae-in and his wife Kim Jung-sook, left, attend a wreath laying ceremony at the Tomb of the Unknown Soldier near the Kremlin in Moscow, Russia, Thursday, June 21, 2018.
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    South Korean President Moon Jae-in is in Moscow on a state visit intended to boost bilateral economic ties.
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    Global markets, oil rise as OPEC mulls output increase

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    (AP Photo/Mark Schiefelbein). A Chinese investor monitors stock prices at a brokerage house in Beijing, Friday, June 22, 2018. Asian stocks fell Friday following Wall Street losses overnight as investors were still wary over trade disputes between Chin...(AP Photo/Mark Schiefelbein). A Chinese investor monitors stock prices at a brokerage house in Beijing, Friday, June 22, 2018. Asian stocks fell Friday following Wall Street losses overnight as investors were still wary over trade disputes between Chin...
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    Asian stocks are mixed as investors are still wary over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profit and jobs.
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