Dual subscription for Hulu and Spotify

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The markets advanced during the midday with the Dow rocketing 342 points to 24,531. Nasdaq surged 77 points to 7146.


Hulu and Spotify have partnered to offer a dual subscription to both services for $12.99 per month. The deal is available for current members of Spotify Premium and will be available to all customers during the summer. The services will maintain their individual apps so customers will still have to login to Hulu to watch videos and Spotify to stream music.


Tesla has withdrawn as a formal party in the National Transportation Safety Board's investigation into a fatal accident involving a Tesla Model S. Tesla said that it could not comply with the party agreement that prohibits the release of crash information to the public. The NTSB has been disappointed with the electric carmaker for continuing to issue statements about the accident and blaming the driver for ignoring warnings from the Autopilot system.


In a victory for Uber, a Philadelphia judge has ruled that drivers for the ride hailing app's UberBLACK limousine service are independent contractors rather than employees. Independent contractors are not subject to minimum wage, overtime and other legal protections. Plaintiffs in the case will appeal the ruling.


In the broad market, advancing issues outpaced decliners by a margin of 4 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 climbed 25 points to 2,667. Bitcoin vaulted $767 to $7,671.


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