Disney+ is off to a rough start. The streaming service's launched today with thousands of users reporting problems accessing the app and loading videos. In a bit of a humblebrag, Disney attributed the mishaps to higher than anticipated demand.
But what about Libra? Facebook pushed forward with its plans to tie together its various businesses today with the announcement of Facebook Pay, a new service that will allow the sending and receiving of funds across Facebook, Messenger, Instagram and WhatsApp.
On the docket
Sandy Hook families got a chance to sue gunmakers. The US Supreme Court will allow a lawsuit against Remington—which manufactures the AR-15 rifle used in several mass shootings—to proceed, CNN reports.
The Supreme Court hears arguments on DACA. President Trump has been attempting to end the Obama program that protects young people born abroad and raised in the US without documentation. Some “Dreamers” have been waiting outside the court for days to secure a seat for the hearing, Quartz's Ephrat Livni reports.
It's raining this morning in DC but I'm not sure if that has dampened the spirits of the Dreamers who were already in line yesterday for today's hearing at SCOTUS. The justices will hear three consolidated cases on an Obama-era administrative policy that deferred deportation for young people who were
It's raining this morning in DC but I'm not sure if that has dampened the spirits of the Dreamers who were already in line yesterday for today's hearing at SCOTUS. The justices will hear three consolidated cases on an Obama-era administrative policy that deferred deportation for young people who were brought to the US and raised here without documentation. The Trump administration says the policy exceeds executive authority.
Adidas changes plans
Taming big tech
The term "antitrust" derives from a legal mechanism created by John Rockefeller in the 1880s. The tycoon created the first trust by uniting his various oil properties under the same legal structure. Monopolies dominated for a while, only to be broken by the first antitrust regulations in the 1890s. ✦
Disney+ goes live
A gross disappointment
The UK escapes recession, but GDP numbers disappoint. The British economy grew 0.3% in the third quarter, to an annual rate of 1%, the slowest in almost a decade, says the BBC. The GDP rate, announced Monday, reflects the global stagnation and trade conflicts, as well as reduced optimism and investment due to Brexit.
China’s GDP numbers are suspect, but still worth watching. The leaders of China’s 32 regions are under heavy pressure to meet growth targets, so their statistical agencies simply fudge the numbers. Still, Chinese GDP statistics are not completely useless.
Germany's coming GDP numbers could disappoint. The German economy contracted in the second quarter, and some expect that it will contract again, the New York Times reports. The successive drops, caused in part by a fall in demand from China, would place Europe’s largest economy in a recession. Numbers come Thursday.
SpaceX hits a milestone
The grocery aisle
Walgreens may go private in a record deal. Private equity firm KKR has approached the convenience store chain with a leveraged buyout offer that could be the largest in history, Bloomberg reports.
Check back in soon.
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