Media companies are facing a slowdown in the advertising market. CNN, Warner Bros., and other major entertainment companies are planning sweeping layoffs. Walt Disney and NBCUniversal are also expected to cut jobs in the coming weeks. Digital media startups are particularly susceptible to the ad slowdown.
Apple is interested in buying Manchester United football team. Tim Cook reportedly keen to explore opportunities that owning the team would bring to Apple. Current owners are the Glazers, said to be US billionaires. Apple has a fictional sports team, "Ted Lasso," and recently expanded its soccer coverage.
Mercedes-Benz to offer subscription service to make electric cars accelerate quicker. For $1,200 (ยฃ991) a year, some vehicles can accelerate from 0-60mph a second faster. It will be available on the Mercedes-EQ EQE 350 and EQS 450 vehicles, as well as their SUV counterparts.
The Federal Communications Commission voted 4-0 to ban sales of new telecom and surveillance equipment made by several Chinese companies, arguing that their ownership and practices threaten U.S. national security. The rule change affects 10 companies already subject to other restrictions and prohibits them from marketing or importing new products.