The daily business briefing: October 31, 2017

The FBI investigates Puerto Rico's controversial power contract, Netflix prepares to end House of Cards, and more

Kevin Spacey
(Image credit: NICHOLAS KAMM/Getty Image)

1. FBI looks into controversial $300 million Puerto Rico contract

The FBI is investigating a controversial $300 million contract between the Puerto Rico Electric Power Authority and the tiny Montana-based company Whitefish Energy Holdings, The Wall Street Journal reported Monday. Puerto Rico Gov. Ricardo Rosselló announced Sunday that, at his request, PREPA's board will cancel the deal. The power authority hired Whitefish to rebuild power lines on the island following two destructive hurricanes. The deal drew scrutiny because Whitefish only had two full-time employees when it got the contract, and is based in Interior Secretary Ryan Zinke's hometown. Zinke has denied any wrongdoing, and Rosselló said he has not found anything improper about the deal, although it had become "a distraction."

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