New fee for streaming companies serves Canadian interests at Americans' expense: U.S.

OTTAWA — American streaming companies are being unfairly targeted by a new Canadian fee that "disproportionately" serves interests north of the border, the United States is charging.

"The United States shares Canada's interests in robust audiovisual and news industries, but appears to target U.S. companies to disproportionately serve the interests of large Canadian companies," a spokesperson said in a statement.The legislation passed in Parliament a little over a year ago seeks to level the playing field between tech giants and traditional broadcasters, which already contribute large amounts towards Canadian content.

The fee risks restricting cross-border trade with the U.S., said the American Chamber of Commerce in a statement, a point also raised by a bipartisan congressional group. Parliamentarians on a House of Commons trade committee were expected to hear concerns over Canada's latest move on Thursday. "In general, rising costs can lead to rising prices, and we have identified nothing in the new regulations to soften the impact of this economic rule," the speaking notes read.The Buffaloes' preseason win total sits at 5.5. They're getting the most bets of any college football team on either side of that number.

SpaceX has achieved a major milestone with the successful launch and landing of its fourth Starship test flight from Texas. This flight performed a landing burn maneuver, which allowed the spacecraft to slow down enough to re-enter Earth's atmosphere safely. Yahoo Finance's Brad Smith breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

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