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The popular Red Lobster restaurant seafood chain has officially filed for bankruptcy protection. The eatery has struggled with high labor costs, expensive leases and a popular promotion that ate into profits. Today, we’ll trace back Red Lobster’s struggles. Then, the final results of major New York auction house sales show the art world is struggling to overcome a recession. And later: What’s it like living in a multigenerational residential community?

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The Chinese government is putting sanctions on three U.S. defense companies. The move came as Taiwan swore in its new president, who called on China to stop trying to intimidate the country, and includes the latest economic restrictions between the U.S. and China as both countries move to protect domestic industries. Plus, health care providers continue to reel from a February cyberattack, and analysts worry about the adverse effects of Google’s AI-powered search results.

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From the BBC World Service: Taiwan’s new leader, William Lai, has called for China to stop threatening the island, with tensions between the two keenly watched from abroad. But the economy remains a major issue for Taiwan residents. We’ll hear more. Also on the program: Brazil counts the costs of major, devastating flooding activity. Then, people in the Italian city of Latina talk about the impact of inflation and immigration.

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This week, media giants have been gathering in New York City for the upfronts, where networks and streaming platforms try to court ad buyers by previewing shows for the seasons ahead. We’ll take the pulse of ad spending as streaming continues to outshine traditional broadcast television. And we’ll also hear about China’s property sector prop-up and priorities for the Consumer Financial Protection Bureau now that its future is no longer in jeopardy.

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Pro-Palestinian protests have disrupted campus life at colleges and universities in the United States in response to Israel’s intense bombardments on Gaza following the Oct. 7 Hamas attack. Similar demonstrations have taken place in Europe too, where protesters are demanding their schools divest from Israeli-linked companies. Plus, Americans are going into debt to pay for groceries, and results from an United Auto Workers’ union vote at an Alabama plant are expected today.

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From the BBC World Service: The Chinese government says it will buy up millions of unsold homes across the country in a major intervention in the property market. The move come as the sector’s continuing slump threatens the whole economy. Also on today’s program: Students across Europe are demanding their universities cut financial and institutional ties with Israel, and Sir Paul McCartney becomes the first billionaire British musician.

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