The daily business briefing: October 5, 2023

Kaiser Permanente workers walk out, opening arguments launch Sam Bankman-Fried's trial, and more

Kaiser Permanente strike
Kaiser Permanente workers go on strike
(Image credit: Jill Connelly / Bloomberg via Getty Images)

1. Kaiser Permanente workers walk out in record health care strike

Kaiser Permanente workers on Wednesday started the biggest health care strike in U.S. history, with 75,000 employees walking out. The striking employees — in California, Colorado, Washington, Virginia, Oregon and Washington, D.C. — are members of a coalition of eight unions representing 40% of the nonprofit health provider's total staff, including nurses, dietary workers, receptionists, optometrists and pharmacists. The three-day strike over pay and staffing comes in a period of intense labor activity. Auto workers and Hollywood writers and actors also have walked off the job this year demanding better pay and benefits. Negotiations between the unions and Kaiser Permanente continued on Wednesday. Los Angeles Times, CNN

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.