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Prepare your business idea for launch.

• See if your idea will make money
• Create a business plan
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• Determine start-up costs *
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Expand What do I need to know to get started?

Starting your own business takes guts and planning. Being prepared and knowing the market will help ensure that your business starts on solid footing.

The main things you will need (and financial institutions may require for lending) are:

• A solid business plan
• A financial plan, including start-up costs and monthly cash flows
• An analysis of competitors and how your business will compare
• An understanding of the current market and projected trends

We have info to help you get started – view our tools for starting a business .

Expand What are the benefits of forming an LLC or Incorporating?

What do you need to know about your company's potential legal structure?

You may have heard such terms as corporation, partnership, company and others, but may not be sure of their benefits or disadvantages. Read our article to view the legal structure options available to you .

This article contains only general information that will apply to most situations. The legal and market conditions affecting that choice are far too complex to cover completely in one article.

Since laws constantly change, especially tax laws, you should consult with your professional advisors – your accountant, insurance professional and business attorney – to decide what will be best for you.

Expand Should I separate my personal and business finances?

Business and personal finances should be separate for several reasons:

• CPAs have an easier time filing your taxes
• Liabilities should be separated between personal and business assets
• Easier to understand your cash flow and ensure better record keeping
• Help establish a business identity

Our Business Banking Specialists will help you choose the account that is best for your business. You can also view our checking accounts to see what works for you.

Need to switch to TD Bank? It's easy to do – find out how to switch .

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This worksheet describes the basic components of any business plan. Please note that every plan will be unique to its particular company.

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TD Bank Business Checking: 2024 Review

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TD Bank offers four business checking accounts , including an interest-bearing option and a premium account best suited for larger businesses with complex banking needs. While this review includes details about all four options, the star rating above corresponds with the bank's entry-level account, TD Business Simple Checking℠ .

The level of choice TD Bank offers may be appealing for small-business owners looking to grow with their bank. Also appealing: TD Bank’s extended branch hours — some locations are open on Sundays — and 24/7 live telephone customer service. While convenient, those features may not outweigh the bank’s small ATM network and lack of free business checking .

Looking for a business checking account?

See our overall favorites, or choose your business type to find the best options for you.

on NerdWallet's secure site

TD Bank business checking is best for small-business owners who:

Operate a business in TD Bank’s service area and want a brick-and-mortar bank.

Want access to live customer service, 24/7.

Can maintain a high enough minimum balance to avoid the monthly service fee.

Prefer a brick-and-mortar bank with a free account? Consider the U.S. Bank Silver Business Package . That account also comes with a another feature many traditional banks offer (but TD Bank doesn't): a sign-up bonus.

Pros and cons

24/7 live customer service.

Some branches are open late and on weekends, including Sundays.

Interest-bearing checking account with no minimum balance requirement.

Accounts can be opened online.

No free business checking account.

Using an out-of-network ATM costs $3 per transaction.

Cash deposit allowance cut.

TD Bank business checking at a glance

How td bank business checking works.

Account options: TD Bank has four business checking accounts with monthly service fees ranging from $10 to $30. All accounts include free online and mobile banking, including mobile deposit, online bill pay and ACH transfers.

TD Business Simple is $10 per month and requires a minimum opening deposit of $25. Unlike other TD Bank business accounts, there is no way to skirt the monthly maintenance fee.

TD Business Interest Checking Plus carries a $15 monthly maintenance fee, which is waived if you maintain a minimum daily balance of $2,500. You’ll earn interest (0.05% as of this writing) on any balance.

TD Business Convenience Checking Plus is $25 per month, but the fee is waived if you maintain a combined minimum daily balance of $1,500 between your business account and one TD Bank personal checking account.

TD Business Premier Checking has the highest monthly fee ($30) but it also comes with the most benefits. Business Premier Checking customers are not charged fees by TD Bank when they use out-of-network ATMs (other accounts are charged $3 per transaction) and can open a TD Bank Money Market Plus account and up to two additional TD Bank Business Simple accounts for no monthly charge.

The $30 monthly fee is waived for the first three statement cycles. After that, you need to maintain a combined balance of at least $40,000 across your Business Premier Checking account and one of the following TD Bank accounts: personal checking, merchant services or digital express. The balance of a TD Bank small-business loan or open business line of credit can also be combined with your business checking balance to waive the fee.

The top-tier business checking option also allows up to $30,000 in fee-free cash deposits. With TD Bank’s other business checking accounts, you can deposit up to $5,000 in cash or currency for no additional charges. Deposits beyond the account limit are 25 cents per $100.

TD Bank limits free transactions on each of its business accounts. TD Business Simple and TD Business Interest Checking Plus get up to 200 fee-free transactions, while TD Business Convenience Plus and TD Business Premier Checking accounts are capped at 500. Additional transactions range from 35 cents to 75 cents each, depending on the account. Transactions include any item paid from or deposited to your account.

Location availability: TD Bank operates around 1,100 branches across 15 states and Washington, D.C. Your business must be located in TD Bank’s service area to open a business account.

TD Bank’s service area includes Connecticut, Delaware, Florida, Massachusetts, Maryland, Maine, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, Vermont and Washington, D.C.

» MORE: What you need to open a business bank account

How to apply: You can apply for a TD Bank business account online, provided you have four or fewer signers on the account. Business owners can also open an account in person at a TD Bank branch.

Required information:

Legal name.

Valid Social Security number.

Required documentation:

Valid photo ID (driver’s license, state-issued ID or passport).

Relevant business documents, such as partnership agreement, DBA certificate, articles of incorporation, bylaws or LLC operating agreement.

Where TD Bank business checking stands out

24/7 customer service: TD Bank business customers can reach a live customer service representative 24 hours a day, seven days a week.

Extended branch hours: Select TD Bank retail locations stay open late (6 p.m.) and are open on the weekends, including Sundays at select locations. This makes it easier for small-business owners to complete in-person transactions and get face time with their banker.

Where TD Bank business checking falls short

Monthly fees: TD Bank does not offer a free business checking account, or even an easy way to avoid the monthly maintenance fee on its entry-level option: TD Business Simple Checking. You can sidestep the monthly fee on TD Bank’s other business checking accounts, but the burden is pretty high. On TD Business Convenience Checking Plus, for example, you need to maintain a minimum daily balance of $1,500 (can be a combined balance with a TD personal checking account) to avoid the fee.

» MORE: Best free business checking accounts

ATM fees and access: TD Bank operates 700 ATMs throughout its service area, a fraction of what its competitors provide. PNC Bank, for example, has 18,000 ATMs and serves many of the same areas. TD Bank charges $3 per transaction when you use an out-of-network ATM. The one exception: TD Business Premier Checking customers do not pay a fee to use non-TD Bank ATMs.

Interest-bearing checking: TD Bank’s Business Interest Checking Plus account earns a paltry 0.05% APY despite a monthly maintenance fee of $15. If you're comfortable with an online-only account, there are a number of free options that will do more with your money, including Bluevine Business Checking ( 2 % on balances up to and including $250,000; terms apply) and LendingClub Tailored Checking ( 1.5 % on on balances up to $100,000 and 0.10% on all balances after that).

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Moscow parks – leisure, nature and historical

Moscow is the most green megapolis in the world. There are over a hundred parks and green spaces like gardens, squares and boulevards. You will definitely bump into a few of them wherever you go. Whether you are interested in memorial, historic parks, parks of wildlife or you just want to have a calm break from the speedy city life – city parks have something special for everyone.

Moscow leisure parks

The leisure Moscow parks are undoubtedly the most popular and famous with the locals and travelers. Today such parks provide a great number of exciting entertainments for Muscovites and city guests, adults and children.

The Gorky Park

Gorky Park opened in 1928 and was the first holiday park in the Soviet Union with playgrounds, a sports stadium, exhibition halls and attractions for kids. Today it has a fresh, vibrant appearance. The park features bike rental stations, a comfortable business area with Wi-Fi, an outdoor movie theatre and a greenhouse where you can buy fresh greens such as basil and lettuce. To contemplate the sky and the stars, go to the observatory and look through the telescope while listening to fascinating stories from astronomers. Enjoy many sports in the park: volleyball, handball, football or a peaceful jog around the beautiful surroundings.

Zaryadye Park

Opened in September 2017, Zaryadye is the youngest on our list. Located just a few minutes away from Red Square, it includes various activities like the floating bridge with its thin V-form extension, an ice cave, also concert hall and an amphitheater. The entire territory of the park was divided into four zones of Russia: forest, steppe, tundra, and the floodplains.

Neskuchny Sad

By walking along the Moskva River’s bank from the Gorky Park towards Vorobievy Gory (Sparrow Hills) you’ll reach Neskuchny Sad («Not Boring» garden), a wonderful place in the Moscow center, one of Moscow’s oldest parks, charming slice of wildlife. The park mostly consists of pristine forest, dotted with old summer pavilions, ponds and quaint little stone bridges. There are a lot of opportunities for different activities lots of children playground, a ping-pong and chess clubs, football fields and tennis courts, horse riding, tree climbing and having rest in one of the nice cafes.

Museon Park

Hermitage Garden

Hermitage Garden has always been known as an amusement, entertainment center with theatres, shows, cafes, summer pavilions, pergolas since 1830. Shalyapin, Sobinov, Nezhdanova – great Russian opera singers starred on the garden stage. Famous Russian composer Rakhmaninov conducted the orchestra. Sara Bernar, Maria Yermolova, outstanding actresses, played in the open air performances. Tolstoy and Lenin had a stroll in the garden. So lots of celebrities from different epoques liked it a lot and spent their time in Hermitage Garden. You can find here three theatres in the garden: Hermitage, Sphere and New Opera. During winter an ice rink works here and in summer a musical stage is assembled to host jazz and brass band festivals.

In Sokolniki Park visitors can play billiard, chess or draughts, table tennis, as well as go cycling, roller blading and swimming in the summer and ice skating or skiing in winter. Each season is highlighted by special memorable and bright events, for example, Summer Jazz Festival or Baby Fest (for future mums), open air beach disco parties, Ice Cream Day, International Clown Festival and many other shows and exhibitions. The park has an observatory, kids center and a co-working zone with free Wi-Fi which is really nice for spending high quality work time there.

Moscow nature parks

The nature parks are national reserves with the amazing forestry and incredible variety of animals and plants there. The breath of wildlife and the chance to be closer to the virgin nature excites both children and grownups. Hundreds of different species of animals can be found in Moscow nature parks. The richest woodlands with old and even ancient trees, like a 200 years pine-tree in the Elk Island National Nature Park, are the point of passionate interest for visitors.

Aptekarsky Ogorod

Aptekarsky Ogorod (Apothecary Garden)

Aptekarsky Ogorod (Apothecary Garden) is one of the oldest gardens in Moscow. It was founded in the XVIII century by Peter the First (great Russian emperor). A larch that he planted himself still grows in the garden, so it’s more than 250 years old. At the time of its foundation, it was a garden with herbs and medicinal plants and was used as an educational center for doctors. Today there are the orangery with its tropical palms, the carp pond, and the immense trees that dot the landscape and turn wonderful golden shades in the autumn. Several restaurants and cafes work here making it a very nice spot for relaxation no matter what season it is. You can book a special tour or join the guided excursion group.

Losiny Ostrov

Losiny Ostrov (Elk Island Park)

Losiny Ostrov (Elk Island Park) is located at the north of Moscow. It covers 22 km from the west to the east and 10 km from the north to the south and it’s one of the most beautiful national parks in Moscow. Two rivers, Yausa and Pechorka begin here. You can find lots of fields, ponds, meadows, streams in the park as well as elks. Here you can enjoy guided tours, available in English. You can choose a guided tour about flora and fauna of the area, you’ll learn why elks are there, which animals are their neighbors. Or enjoy another excursion, which is totally devoted to historical past of ancient tribes once lived there, you’ll know about old Russian mythology, rituals and traditions.

Serebyany Bor

Serebyany Bor (Silver Forest)

Serebyany Bor (Silver Forest) is a famous pine forest in the west of Moscow. The park has 230 forms of plant life, and is also home to watersports complex, providing a lot of activities for visitors. The layout of Serebryany Bor is unusual, as it is located on an artificial island between a meander in the Moscow River and a channel. There is an artificial lake, the Deep Gulf and picturesque Bezdonnoe (Bottomless) Lake in the depths of the forest. Serebryany Bor’s beaches are the cleanest in the city and very popular among Muscovites. On weekends it is difficult to find a free spot here, especially because a whole range of services are offered to visitors, from simple deckchairs to catamaran and yacht rides. Driving is prohibited on the territory of the island so be ready to use trolleybus to reach the entrance.

Botanichesky Sad

Greenhouse of Botanical Garden

Main Botanical Garden of The Russian Academy of Sciences is the largest and most famous is Moscow. The garden is a real museum of nature with a very rich (more than 18000 types) collection of plants. The park was founded in 1945 at the place of the 17th century Apothecaries’ Gardens. The garden’s collection is turned into botanical expositions, made with use of modern receptions of landscape architecture. Here you can see a tree nursery, a shadow garden, hothouse complex, collection of flowers, a rosary, exposition of coastal plants, garden of continuous blossoming, Japanese garden and expositions of cultural plants and natural flora plants. The biggest part of Garden is the Tree nursery occupying the space of 75 hectares. About 2 thousand wood plants grow here. Another big exposition of the Garden is nature Flora, divided into six botanic-geographical collections: European part of Russia, Caucuses, Central Asia, Siberia and Far East. Pride of the Main Botanical Garden is the collection of tropical, coastal and water plants, which is considered as the best in Europe. The Japanese garden, a great model of Japanese landscape gardening art has a 13-level stone pagoda of the 18th century, stone Japanese lamps, ponds, falls and streams, tea lodges and more than 100 species of the most character Japan plants. It is especially decorative in spring, during Oriental cherry blossoming and in fall, when foliage blazes in crimson colors.

Moscow historic parks

Historic nature parks and estates once were the mansions of the Moscow aristocracy. At that far times the estates were outside the Moscow city limits, but after the city expansion and urbanization, they became easily accessible.

Kolomenskoye

Kolomenskoye Museum and Park

The chief attraction of the park is undoubtedly the stone Church of the Ascension of the Lord. It was constructed in 1532 by order of Tsar Vasily III to commemorate the birth of his son and heir, Ivan the Terrible. But there is a lot more to see in the park: the pretty Church of the Icon of Our Lady of Kazan – with its bright azure domes and plenty of gold. Further into the park there is a charming Church of the Beheading of St John the Baptist, built by Ivan the Terrible to mark his coronation.

Kuskovo Park

Kuskovo Park is one of the oldest country estates in Moscow. It was given to General Sheremetev by Peter the Great in 1715, but was left to fall into neglect before being plundered by Napoleon’s troops in 1812. Nowadays the estate has been restored to its former glory and is a good example of Russian 18th Century imperial architecture. The palace is a fine and rare example of wooden neoclassicism. It was completed in 1775, and the rich interiors remain unchanged since 1779. It includes a room hung with exclusive exquisite Flemish tapestries, an abundance of silk wallpaper and an impressive collection of 18th century European and Russian paintings. The palace looks onto the lake, which is surrounded by smaller pavilions: pretty Italian, Dutch and Swiss Cottages, Blank’s Hermitage and the old Orangery, where the State Ceramics Museum is located now, an extensive and absorbing collection of porcelain from the 18th century to the present day. On the other side of the lake is a large wood popular with local cyclists and joggers.

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TD Basic Business Plan

A cost-effective, flexible way to conduct your business banking.

• Monthly fee $5.00

Transactions included per month

Deposit items included per month 1

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• Anywhere banking Deposits through TD Mobile Deposit
• Easy deposits All debit and credit card Point-of-Sale Terminal deposits that are electronically credited to a TD Canada Trust business chequing account
• Free services Includes free online statements with cheque images, archived for seven years

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Trump allies are drawing up plans to make the Fed less independent, report says

• Allies of former president Trump are drafting plans to chip away at the independence of the Fed, The Wall Street Journal reported.
• Trump has not publicly acknowledged the plan, but sources said it has his blessing.
• The plan also suggests Trump could fire Jerome Powell before his term ends in 2026. 

Donald Trump's allies have secretly mapped out a plan to give the Republican candidate more control over the Federal Reserve if he wins a second term, a move that would chip away at the long-standing independence of the US central bank, The Wall Street Journal reported Thursday. 

A group of the former president's associates and supporters have been busy in recent months drafting a 10-page manifesto plotting policy shifts and suggesting that the presidential candidate should have a say in the interest-rate setting process, a suggestion that even caught some of Trump's former economic advisors off guard, sources told the Journal. 

Sources said the group also thinks the Treasury Department should have more power to keep an eye on the Fed, and if Donald Trump takes office again, he would be able to fire Jerome Powell as Fed chair even before Powell's term is up in 2026. 

Related stories

The former president handpicked Powell to lead the US central bank in 2017, but he has since publicly lambasted the central bank chief. In February, Trump slammed Powell and accused him of trying to help President Joe Biden win reelection in November by turning dovish on monetary policy. 

Though Trump hasn't acknowledged the plan publicly, sources told the Journal they reckon the plan has his blessing, with his senior advisors clarifying that the plan shouldn't be treated as official unless Trump says so directly. 

The Journal said Trump has expressed his desire for easing monetary policy and his frustration for not being able to impact it while he was in office. He also led casual discussions with his advisors and associates about potential candidates to take over as the head of the central bank. 

The idea of making the Fed less independent has faced backlash, even from former Trump administration officials.

Republican Senator Kevin Cramer told the Journal that maintaining the central bank's independence in setting policy is "critical to doing it in an unbiased, nonpolitical way," adding that he'd oppose any attempts to hurt the Fed's autonomy. 

Watch: Meet the Republicans who are Trump's likely successors

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Would Trump Move to Control the Fed?

Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.

By Andrew Ross Sorkin ,  Ravi Mattu ,  Bernhard Warner ,  Sarah Kessler ,  Michael J. de la Merced ,  Lauren Hirsch and Ephrat Livni

An effort to give Trump more say on rates

This week, investors had planned to examine the latest inflation data, due out at 8:30 a.m. Eastern on Friday, for clues about when the Fed would start cutting interest rates. But they now have something potentially bigger to digest.

The Wall Street Journal reports that allies of Donald Trump are devising ways of watering down the central bank’s independence if he is re-elected president.

If true, that change would represent the biggest shake-up in U.S. monetary policy in decades. But it also raises questions about whether such a plan is possible — or whether Trump’s Wall Street supporters would back it.

Both big and small changes are on the table, according to The Journal, which cites unidentified sources. Among the most consequential would be asserting that Trump had the authority to oust Jay Powell as Fed chair before Powell’s term is up in 2025. While Trump gave Powell the job in 2017, he has since soured on his pick for raising rates, and has publicly said he wouldn’t give Powell a second term .

Smaller changes include allowing the White House to review Fed rules and using the Treasury Department to keep the central bank on a tighter leash.

The overall goal is to give Trump what he wants: more say on interest rates. Trump allies have discussed requiring candidates to lead the Fed to informally consult with him on such decisions and essentially act as the president’s advocate on the institution’s rate-setting committee.

We have questions about such a move, which could have huge consequences including raising the U.S. government’s borrowing costs because of investor worries about the Fed’s loss of independence.

Does Trump really support these nascent proposals? Representatives for the former president told The Journal that “no aspect of future presidential staffing or policy announcements should be deemed official” unless it came from him or an authorized official — but they didn’t dismiss the report entirely and he has long favored more powers to chip away at the authority of the Fed and other agencies.

Could Trump recruit a credible candidate for Fed chair under these circumstances?

Would Trump’s financial backers, including the hedge fund billionaire John Paulson, support these plans?

For context, remember that presidents have tried to influence the Fed before. See Andrew’s 2018 interview with Paul Volcker who led the central bank from 1979 to 1987:

Mr. Volcker recounts being summoned to meet with President Ronald Reagan and his chief of staff, James Baker, in the president’s library next to the Oval Office in 1984. Reagan “didn’t say a word,” Mr. Volcker wrote. “Instead Baker delivered a message: ‘The president is ordering you not to raise interest rates before the election.’” Mr. Volcker wasn’t planning to raise rates at the time. “I was stunned,” he wrote. “I later surmised that the library location had been chosen because, unlike the Oval Office, it probably lacked a taping system.”

HERE’S WHAT’S HAPPENING

Antony Blinken meets with President Xi Jinping of China in Beijing. The two sides were conciliatory in public, even as the U.S. secretary of state was expected to raise numerous concerns about the countries’ relationship and Xi warned Blinken about engaging in a “vicious competition.”

Anglo American rejects BHP’s $39 billion takeover bid. The offer from its mining rival “significantly undervalues” the company, Anglo American said, setting up a potential fight. BHP must now weigh improving its bid — and figure out how to win over the South African government , whose public pension fund is Anglo American’s biggest shareholder.

Elon Musk’s xAI is reportedly close to raising $6 billion. The fund-raising round, which would include investors such as Sequoia Capital, would value the artificial intelligence start-up at about $18 billion , according to The Information. It would be one of the biggest cash hauls in an A.I. start-up amid a heated innovation race, and shows investors are spreading their bets: Sequoia is already a big investor in OpenAI.

A.I. is still giving tech giants a boost

Maybe not all tech giants are being punished for their hefty investments in artificial intelligence.

Shares in Microsoft are up nearly 4 percent in premarket trading, while those in Alphabet are up a whopping 11 percent, after they announced their latest earnings. Both are soaring a day after Meta’s stock tumbled 12 percent — the parent company of Instagram had predicted bigger-than-expected spending on A.I.

The results show that investors are willing to be patient on A.I. — as long as they can see benefits on the horizon. (Getting extra payouts like a dividend helps, however.)

Like Meta, Microsoft and Alphabet are spending a lot. Microsoft reported $14 billion in capital expenses and leases in the first quarter, up 21 percent year-on-year, while Alphabet invested $12 billion — a 91 percent increase.

By comparison, Meta spent $22 billion in the quarter, up 6 percent.

All three said they planned to keep spending on A.I.:

“We’ll still grow our investment envelope meaningfully before we make much revenue from some of these new products,” Mark Zuckerberg, Meta’s C.E.O., told analysts.

Ruth Porat, Alphabet’s C.F.O., said spending would be “roughly at or above” current levels.

Amy Hood, Microsoft’s C.F.O., said investment would “increase materially.”

There are key differences: Meta also forecast lower-than-expected revenue. And investors are also still wary after the company’s multibillion-dollar investment in so-called metaverse technologies, despite no clear sign of a payoff.

Its rivals showed more tangible results from their spending sprees:

Microsoft reported a 31 percent jump in sales at its Azure cloud service, which powers many of its A.I. offerings like technology from its partner OpenAI. (Note: The Times has sued OpenAI and Microsoft, accusing both of copyright infringement of news content via their A.I. systems.)

Alphabet also reported a 27 percent rise in revenue at its Google Cloud business.

That said, Alphabet emphasized that it was cutting costs (which Meta did last year, to investors’ delight) and also introduced a dividend and carried out a $70 billion stock buyback.

Wall Street hasn’t written Meta off yet. Despite the company’s stock tumble on Thursday, analysts still think it’s poised to become a leader in A.I. Some agreed with Zuckerberg’s contention that the company had proved it could eventually make money from new technologies.

The other high-stakes N.B.A. contest

While the N.B.A. has already seen some thrilling playoff games , the league is also managing another contest worth billions.

The basketball league got $24 billion in its current contract with Disney, which owns ESPN and ABC, and Warner Bros. Discovery, which runs TNT. Now it’s looking to double that in a new deal — and the results could reshape the media landscape.

Streaming platforms are competing hard for a piece of the pie. The N.B.A. could split its game rights into two bundles: broadcast and digital.

Some games would be taken from the current package held by Disney and Warner to create a streaming offering that would show both nationally televised contests and some playoff matches, according to The Wall Street Journal. (That said, Disney and Warner would still be expected to pay more despite showing fewer games.)

The front-runner among streamers is Amazon, which has won plaudits for its handling of football games. The tech giant signed an $11 billion, 11-year deal to show Thursday night N.F.L. matches in 2021, and this year reportedly paid $120 million for exclusive rights to air a playoff game .

That said, YouTube is also in the mix, The Journal reported.

NBC also wants a big piece of the NBA broadcast pie. It’s vying for regular-season and playoff games to show on its broadcast network and its Peacock streaming service, as well as shared rights with ABC for the finals, according to The Journal.

Warner Bros. Discovery faces a dilemma. Some analysts and investors are worried about the company paying more for a new deal while it tries to pare its $44 billion debt load: Wolfe Research downgraded its shares to an underperform rating this week on those concerns.

But sports rights are among the most highly sought media assets for a reason: Live sports are a big draw for audiences, making them a valuable bargaining chip with cable and satellite companies as well as advertisers.

“Are you better paying up for less games and hurting your financials or juicing your financials but potentially destroying your long term?” Rich Greenfield, an analyst at LightShed Ventures, said to DealBook.

The not-so-new rules for the internet

Net neutrality is back. The Federal Communications Commission voted to reinstate rules designed to prevent internet service providers from slowing or blocking services from some websites, most likely setting the stage for another legal fight between business and regulators.

The F.C.C. restored Obama-era rules that were scrapped under Donald Trump. In a vote on Thursday, the agency classified internet service as a public utility.

The rule is supposed to ensure that broadband providers like Verizon and Comcast don’t charge some websites more than others or slow delivery of content by rivals, like Netflix or YouTube. “Every consumer deserves internet access that is fast, open and fair,” Jessica Rosenworcel, chair of the F.C.C. and a Democrat, said. “This is common sense.”

Critics say the rule is another case of regulatory overreach. Broadband providers worry that the F.C.C. could move next to regulate prices. (Some states have already capped the rate that low-income households can be charged.)

In a letter sent to Rosenworcel this week, dozens of Republicans argued that net neutrality would harm the growth of the telecom industry.

Both sides’ worst fears have never become reality. The Obama administration didn’t start setting broadband prices when it created the rules. When the Trump administration repealed them, broadband companies didn’t throttle or block websites and consumers didn’t notice big changes in how they reached the internet or how much they would have to pay for it.

Democrats say rules are still needed to protect consumers in the long term. Rosenworcel has also said that greater oversight of internet infrastructure would allow the F.C.C. to better protect networks from cybersecurity attacks.

THE SPEED READ

Shares in CVC Capital Partners rose 24 percent in their trading debut on Friday, after the private equity giant raised $2.15 billion in its long-awaited I.P.O. (Bloomberg)

The C.E.O. of Fisker, the embattled electric-vehicle start-up, told employees that the company was in talks with four potential buyers . (Business Insider)

The F.D.I.C. delayed plans to limit the influence of big shareholders in banks after neither of two rival proposals for doing so gained support. (FT)

“A Chinese Firm Is America’s Favorite Drone Maker — Except in Washington ” (NYT)

Best of the rest

New York’s highest court overturned the 2020 felony conviction of Harvey Weinstein on sex crime charges, citing a lower court judge’s error during the disgraced movie mogul’s trial. (NYT)

The Democratic Republic of Congo accused Apple of using minerals illegally exported from the war-torn eastern half of its territory in its iPhones, Macs and other products. (FT)

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Andrew Ross Sorkin is a columnist and the founder and editor at large of DealBook. He is a co-anchor of CNBC’s "Squawk Box" and the author of “Too Big to Fail.” He is also a co-creator of the Showtime drama series "Billions." More about Andrew Ross Sorkin

Ravi Mattu is the managing editor of DealBook, based in London. He joined The New York Times in 2022 from the Financial Times, where he held a number of senior roles in Hong Kong and London. More about Ravi Mattu

Bernhard Warner is a senior editor for DealBook, a newsletter from The Times, covering business trends, the economy and the markets. More about Bernhard Warner

Sarah Kessler is an editor for the DealBook newsletter and writes features on business and how workplaces are changing. More about Sarah Kessler

Michael de la Merced joined The Times as a reporter in 2006, covering Wall Street and finance. Among his main coverage areas are mergers and acquisitions, bankruptcies and the private equity industry. More about Michael J. de la Merced

Lauren Hirsch joined The Times from CNBC in 2020, covering deals and the biggest stories on Wall Street. More about Lauren Hirsch

Ephrat Livni reports from Washington on the intersection of business and policy for DealBook. Previously, she was a senior reporter at Quartz, covering law and politics, and has practiced law in the public and private sectors.   More about Ephrat Livni

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