Thursday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Thursday’s business headlines.
Women breaking into the tech industry
Women have had great success breaking into the tech industry in some cities, including Indianapolis, which ranked 14th.
SmartAsset says though the number of computer and mathematical occupations in Indianapolis grew by only about 6 percent from 2015 through 2018, women working in tech make almost the same amount, on average, as men working in tech.
The gender pay gap in the tech industry in Indianapolis is 96 percent, according to the latest census data.
Report: More vehicles safe on the road
The Insurance Institute for Highway Safety released a report on Wednesday highlighting the models that perform best in its crash tests.
A whopping 90 vehicles earned accolades from the organization, proving vehicles are safer than ever.
The Hyundai Motor Group earned the most IIHS awards for 2021.
FCC announces winners of 5G airwaves auction
The FCC announced the winners of an $81 billion auction for the license to use important airwaves that are ideal for 5G.
The big winners were Verizon and AT&T. They need these airwaves in order to build 5G networks, which are significantly faster than current wireless service.
Verizon, through its Cellco partnership, spent nearly $45.5 billion on the airwaves. AT&T, through AT&T Spectrum Frontiers, spent $23.4 billion.
Facebook will spend $1B on news content
Facebook will spend $1 billion on news content over three years.
Facebook is facing global criticism for taking news content from media sources for free.
Australia sought to impose such requirements so that the tech companies pay a portion of the costs publishers incur to produce news content.
Other governments, including Canada, have pledged to consider measures similar to what Australia has planned.