Music producer Jack Antonoff pushes back against Live Nation Entertainment CEO Michael Rapino’s claim that concert tickets are underpriced. Antonoff calls for laws against reselling tickets above face value. He criticizes the industry’s treatment of fans and alleges Live Nation allows ticket resellers to increase prices illegally. The FTC sues Live Nation and Ticketmaster for “illegal” ticket resale tactics. The U.S. Department of Justice also sues Live Nation for alleged antitrust violations.

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1. The US economy added 531,000 jobs in October, exceeding expectations of 450,000 new jobs. The unemployment rate dropped to 4.6%, the lowest since March 2020.

2. Apple reported record revenue of $83.4 billion in the fourth quarter, driven by strong iPhone sales. The company also announced a $90 billion share buyback program.

3. Tesla posted a profit of $1.62 billion in the third quarter, up from $331 million a year ago. The electric car maker delivered a record 241,000 vehicles in the quarter.: Antonoff slams Live Nation CEO’s ‘underpriced’ concert claim