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Monday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Monday’s business headlines with Jane King.

First republic bank sold to JPMorgan Chase

Regulators worked into the night to find a buyer for first republic bank.

The FDIC reportedly has accepted JPMorgan Chase’s bid for the failed bank.

Bank of America and U.S. Bancorp decided not to make an offer, according to a Bloomberg report.

If the deal goes through, JPMorgan Chase will have more than 10% of the nation’s bank deposits.

Hollywood writers’ strike could begin Monday

The entertainment industry’s writers and the major networks, streamers, and studios are struggling to agree on their next contract. If a deal isn’t reached by the end of the day, the writers are expected to go on strike for only the second time in four decades.

The issues are job security and pay in an age of streaming.

Investors sue Adidas over partnership with ye

Investors have sued Adidas over its partnership with Ye, formerly Kanye West.

The investors say the company was aware of the rapper’s behavior.

Adidas ended its partnership with Ye in October following the designer’s antisemitic remarks on social media and in interviews.

Social media shopping scams on the rise

Scammers in search of money and credit card information are exploiting more young people on social media.

The Federal Trade Commission says online shopping is the most common type of fraud, and scams often start on social media.

Reported losses from social media fraud reached more than $1.2 billion last year, up from $42 million in 2017.

Super Mario Bros. movie hits $1 billion

the Super Mario Bros. movie has made it to $1 billion.

It’s both the highest-grossing video game movie ever and currently the highest-grossing movie for the year.