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☆ Climate Report Card Says Countries Are Trying, but Urgently Need Improvement
▼ + stars: | 2023-09-08 | by ( Brad Plumer | More About Brad Plumer | ) www.nytimes.com time to read: +1 min

Eight years after world leaders approved a landmark agreement in Paris to fight climate change, countries have made only limited progress in staving off the most dangerous effects of global warming, according to the first official report card on the global climate treaty. Many of the worst-case climate change scenarios that were much feared in the early 2010s look far less likely today, the report said. The authors partly credit the 2015 Paris Agreement, under which, for the first time, almost every country agreed to submit a voluntary plan to curb its own planet-warming emissions. Under the Paris Agreement, countries vowed to limit the rise in average global temperatures to “well below” 2 degrees Celsius, or 3.6 Fahrenheit, above preindustrial levels and make a good-faith effort to stay at 1.5 degrees Celsius. Earth has already heated up roughly 1.2 degrees Celsius since preindustrial times.

Locations: Paris, staving, United States, South Africa

☆ A shortage of land mines forced Russian troops to put down irregular minefields, creating new problems for Ukraine: report
▼ + stars: | 2023-09-08 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Russia began laying minefields deeper than normal to make them harder for Ukraine to cross. The inconsistent and often improvised approach that followed, however, still created headaches for advancing Ukrainian forces. The result was that Russian minefields became irregular, which isn't necessarily out of the ordinary to begin with given terrain and time considerations. Citing conversations with Ukrainian forces, he also revealed that Russia sometimes built fake trench traps rigged with explosives. AdvertisementAdvertisementAnd the inconsistency and irregularity of the Russian minefields has only further complicated matters.

Persons: Jack Watling, Nick Reynolds, Watling, Reynolds, Michael Kofman Organizations: Service, Royal United Service Institute, Russian, 35th Marine Brigade, Anadolu Agency, Getty, Ukraine Locations: Russia, Ukraine, Wall, Silicon, Russian, Donetsk

☆ ‘A rapidly closing window:’ Major UN report offers sobering assessment of world’s climate efforts
▼ + stars: | 2023-09-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

The fight to secure a livable future for everyone on Earth requires much more urgent climate action — and only transformational changes will be enough to get back on track. That was the sobering assessment from the technical dialogue of the United Nations' first-ever "global stocktake," a critically important process which looks at what countries have done to prevent a climate catastrophe. The overarching synthesis report, published Friday, lays the foundation for the upcoming COP28 climate conference in the United Arab Emirates later this year. "There is a rapidly closing window of opportunity to secure a liveable and sustainable future for all." The U.N.'s global stocktake was designed under the Paris Agreement as part of a global effort to accelerate climate action.

Organizations: United Nations, United Arab Locations: Farkadona, Karditsa, Greece, United Arab Emirates, Dubai, Paris, COP28

☆ Asia's ultra-rich population records largest drop in the world. Here's how North America and Europe did
▼ + stars: | 2023-09-08 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia's ultra-high-net-worth population declined by about 10.9% last year, marking the largest regional drop in the world, a report by data firm Altrata showed. Ultra-high-net-worth (UHNW) individuals are those with a net worth of more than $30 million, according to the study. The combined net worth of Asia's super rich population was at $12.13 trillion compared with Europe's $11.73 trillion, the report showed. Europe recorded the second-worst regional performance, with a 7.1% fall to 100,850 high-net worth individuals. Inflationary shocks from Moscow weaponizing energy supplies, which Europe is reliant on, heightened risk aversion and the disruption of supply chains all led to the decline.

Persons: Altrata Organizations: Tech Locations: Ukraine, South Korea, Taiwan, Europe, Moscow

With the world far off track on its 2015 pledge to curb global warming, a new United Nations report central to upcoming climate negotiations details how quickly and deeply energy and financial systems must change to get back on a safer path. “The window of opportunity to secure a livable and sustainable for future for all is rapidly closing,” Friday's report warned. To get there, the report said, “the phase-out of unabated fossil fuels is required,” using a phrase international climate negotiators have shied away from before. “Halting and reversing deforestation” and adopting better crop-growing practices are critical to fighting climate change, the report said. Limiting warming to 1.5 degrees is another window of opportunity that is rapidly closing, the report said.

Persons: ”, Sultan Al Jaber, David Waskow, “, Antonio Guterres, there's, Bill Hare, —, Al Jaber, Tom Evans, ” Evans, Seth Borenstein Organizations: United, World Resources Institute, United Nations, World Meteorological Organization, Twitter, AP Locations: United Nations, India, Paris, Dubai

NEW DELHI (AP) — U.N. Secretary-General António Guterres on Friday urged the Group of 20 top economic powers, which are responsible for more than 80% of the emissions that cause global warming, to use their weekend summit to send a strong message on climate change. Climate ministers of the G20 nations ended their last meeting for the year in July without resolving major disagreements on climate policies. Guterres called on big emitters to make additional efforts to cut emissions and rich countries to meet the climate finance commitments made already. Energy analysts say its crucial that G20 leaders act on the U.N. chief's suggestions. And have it now,” said Madhura Joshi, energy analyst at the climate think tank E3G.

Persons: — U.N, António Guterres, Guterres, ” Guterres, ”, Madhura Joshi, Joshi Organizations: DELHI, Group, World Bank, International Monetary Fund, United Nations, Organization for Economic Cooperation, Development, Energy, AP Locations: Paris, New Delhi, Ukraine, ”

MIAMI (AP) — A Florida man who was attempting to cross the Atlantic Ocean in a man-made hamster wheel is facing federal charges after it took the U.S. Coast Guard five days to bring him ashore, according to a criminal complaint filed in Miami. And on Sept. 1, he was brought to the Coast Guard base in Miami Beach. Baluchi attempted a voyage in a similar homemade vessel in 2014, the complaint said. In 2015, he was served a captain of the port order from the Coast Guard that applied to any subsequent voyages. He attempted another voyage in 2021, and the Coast Guard intervened then as well.

Persons: Reza Baluchi, Hurricane Franklin, Baluchi, Michael A, Perez, Campbell, Valiant, Micki Bloom Organizations: MIAMI, U.S . Coast Guard, The Coast Guard, Coast Guard, U.S . Navy, Ordinance, Unit, Associated Press Locations: Florida, Miami, Tybee Island, Georgia, England, Miami Beach

☆ NASA’s mega moon rocket is ‘unaffordable,’ according to accountability report
▼ + stars: | 2023-09-07 | by ( Jackie Wattles | ) edition.cnn.com time to read: +3 min

CNN —Senior NASA officials say that the agency’s Space Launch System — the massive rocket designed to propel its ambitious Artemis program to establish a base on the moon — is “unaffordable,” according to a report Thursday from the US Government Accountability Office. The report does not name which officials — or how many — at NASA made such claims. That plan includes efforts to “stabilize the flight schedule,” increase efficiencies, “encourage innovation” and “adjust acquisition strategies to reduce cost risk,” according to GAO. That’s expected to be followed by Artemis III, the first attempt to return American astronauts to the moon since the Apollo program. But while NASA “partially concurred,” the agency “has not yet implemented this recommendation,” the GAO report said.

Persons: Artemis, NASA “, Artemis I, That’s, Artemis III, watchdogs, “ Organizations: CNN —, NASA, Office, SLS, GAO, Government watchdogs

☆ SEC probing Ryan Cohen's ownership, sale of Bed Bath & Beyond shares - WSJ
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Shoppers leave a Bed Bath & Beyond store, after the company declared bankruptcy, in Danvers, Massachusetts, U.S., April 24, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsSept 7 (Reuters) - The U.S. Securities and Exchange Commission (SEC) is investigating billionaire Ryan Cohen's ownership and surprise sale of Bed Bath & Beyond shares, the Wall Street Journal reported on Thursday. Bed Bath & Beyond and the SEC did not immediately respond to Reuters' requests for comment. Cohen could not be immediately reached for comment. In April, Bed Bath & Beyond filed for Chapter 11 bankruptcy.

Persons: Brian Snyder, Ryan Cohen's, Cohen, Granth, Sriraj Organizations: Shoppers, REUTERS, U.S . Securities, Exchange Commission, Bed, Wall Street, SEC, GameStop, Thomson Locations: Danvers , Massachusetts, U.S, Bed Bath, Bengaluru

☆ The war in Ukraine is pushing Russia away from its WWII-style artillery strategy, and experts say it's 'a concerning trend'
▼ + stars: | 2023-09-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Russia and Ukraine have relied heavily on artillery to batter each other's forces. AdvertisementAdvertisement"This is a concerning trend, as over time it will likely significantly improve Russian artillery," write the report's authors, Jack Watling and Nick Reynolds. Russian artillery doctrine is still largely based on extensive analysis of World War II data to determine how many shells were needed to achieve a specific effect. REUTERS/Maxim Zmeyev"First, Russian forces lack the ammunition to sustain this volume of fire," the RUSI report said. According to the RUSI report, Russia continues "to rely heavily" on multiple-launch rockets, 120-mm mortars, and "other imprecise systems," and "corner-cutting in the production of its munitions is becoming apparent."

Persons: Jack Watling, Nick Reynolds, ANDREY KRONBERG, —, Stalin, Operation Bagration, Maxim Zmeyev, Andrey Rusov, Katyusha, Michael Peck Organizations: Service, Britain's Royal United Services Institute, Getty, REUTERS, Russian Defense Ministry, Defense, Foreign Policy, Twitter, LinkedIn Locations: Russia, Ukraine, Wall, Silicon, Western, Moscow, Volgograd, AFP, Berlin, Russian, Saratov, US, Soviet, Forbes

☆ Crypto has minted tens of thousands of new millionaires, but they're still only 0.02% of everyone who's ever bought digital currency, a new wealth report says
▼ + stars: | 2023-09-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

At least 88,200 people have $1 million or more in cryptocurrencies, a new wealth report said. That's out of 425 million total crypto users around the world, according to Henley & Partners. A fortunate few — 182 users — have cryptocurrencies worth more than $100 million, the report said. Crypto-millionaires are defined as people who have at least $1 million in cryptocurrency assets, per the firm's Crypto Wealth Report 2023. But the world's wealthy crypto users are starting to outnumber the number of high-net-worth individuals in entire countries, such as Russia, which has 65,000 millionaires, and Saudi Arabia, which has 52,000 millionaires, per Amoils' estimate.

Persons: That's, Andrew Amoils, Dominic Volek, Volek, — Organizations: Henley & Partners, Service Locations: cryptocurrencies, Wall, Silicon, London, Russia, Saudi Arabia, cryptocurrency

☆ Zoom talks with regulators on Microsoft competition concerns - Bloomberg News
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Eric Yuan, CEO of Zoom Video Communications walks on the street as he takes part in a bell ringing ceremony at the NASDAQ MarketSite in New York, New York, U.S., April 18, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsSept 7 (Reuters) - Zoom Video Communications (ZM.O) has met with regulators from the United States, European Union and other jurisdictions to outline concerns about Microsoft's (MSFT.O) alleged anti-competitive behavior, Bloomberg News reported on Thursday. Zoom had expressed its concerns about the way Microsoft has given preference to its chat and video app Teams through price bundling and product design, the report added. "If you have unfair competition, you may not win," Zoom CEO Eric Yuan said, while answering a question at the Goldman Sachs Communications & Technology conference on Tuesday. FTC declined to comment, while Zoom and Microsoft did not immediately respond to Reuters requests for comment.

Persons: Eric Yuan, Carlo Allegri, Zoom, Granth, Shailesh Organizations: Zoom Video Communications, NASDAQ, REUTERS, Communications, European, Bloomberg, U.S . Federal Trade Commission, EU, Microsoft, Goldman Sachs Communications, Technology, European Union, Salesforce, Thomson Locations: New York , New York, U.S, United States, European Union, Germany, Bengaluru

☆ India's consumer market set to become the world's third largest by 2027, behind the U.S. and China
▼ + stars: | 2023-09-07 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

People check Apple Macbook laptops at the new Apple Inc. store in New Delhi, India on April 20, 2023. India's consumer market is set to become the world's third largest by 2027 as the number of middle to high-income households rise, according to a report by BMI. The country currently ranks fifth, but the Fitch Solutions company predicts a 29% increase in real household spending will push India up two spots. "Overall, the gap between total household spending across ASEAN and India will also almost triple," the report said. BMI estimates India's household spending will exceed $3 trillion as disposable income rises by a compounded 14.6% annually until 2027.

Organizations: Apple Inc, BMI, Fitch Solutions, ASEAN Locations: New Delhi, India, Indonesia, Philippines, Thailand, Mumbai, Bengaluru

☆ Stocks making the biggest moves midday: ChargePoint Holdings, Seagate Technology, C3.ai and more
▼ + stars: | 2023-09-07 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Seagate Technology — Seagate Technology shares dropped about 10.9% after Barclays downgraded the stock to equal weight form overweight. ChargePoint Holdings — Shares of ChargePoint Holdings plunged 10.9% after the electric vehicle charging infrastructure company missed fiscal second-quarter revenue estimates. ChargePoint posted $150 million in revenue, weaker than the $153 million forecast by analysts polled by LSEG, formerly known as Refinitiv. Meanwhile, C3.ai reported an adjusted fiscal first-quarter loss of 9 cents per share on revenue of $72.4 million. Verint Systems — Shares plunged 19.4% in midday trading after the analytics company reported weaker-than-expected second-quarter earnings and revenue.

Persons: Rollins —, ChargePoint, LSEG, StreetAccount, Roku, —, Alex Harring, Yun Li, Pia Singh Organizations: Europe's, Kappa, Wall Street, GameStop, Wall, — Semiconductor, Lam Research, Devices, Qualcomm, Nvidia, Intel, Apple, Bloomberg, Street Journal, Technology, Wednesday, Seagate Technology, Barclays, ChargePoint Holdings, LSEG, Buster's Entertainment, Loop Locations: China

☆ US Vice President Harris calls North Korea-Russia military support 'huge mistake'
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Achmad Ibrahim/Pool via REUTERS Acquire Licensing RightsWASHINGTON, Sept 7 (Reuters) - U.S. Vice President Kamala Harris said it would be a "huge mistake" for North Korea to exchange military support with Russia for use in its war against Ukraine. "I think it would be a huge mistake. The idea that they would be supplying ammunition to that end, is -- would be a huge mistake. I also believe very strongly that for both Russia and North Korea, this will further isolate them," Harris said. White House national security adviser Jake Sullivan on Tuesday warned Kim that his country would pay a price for supplying Russia with weapons to use in Ukraine.

Persons: Kamala Harris, Achmad Ibrahim, Harris, Kim Jong, Vladimir Putin, Jake Sullivan, Kim, Doina Chiacu, Andrea Ricci Organizations: East Asia Summit, Association of Southeast Asian Nations, ASEAN, REUTERS Acquire, Rights, Ukraine, CBS News, CBS, White House, Thomson Locations: Jakarta, Indonesia, North Korea, Russia, Moscow, Ukraine

☆ Brits are the least likely to say work is important to their lives — and the U.S. isn't far behind
▼ + stars: | 2023-09-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

It found that just 73% of Brits said work was either very or rather important to them, making the U.K. the country that is least likely to put work first. In the U.S., 75% of people said work is an important part of their life, putting the country in the fourth-lowest position. "Within the UK, there is a notable gender difference in responses, with men (28%) more likely than women (16%) to say work should always take priority," it noted. Only three countries are even less likely than the Brits to say work should not always come first: Australia, where 21% of people said this, Canada with 19% and Japan with 10%. This is in line with the countries' overall views on how important work is, the report said.

Persons: Brits Organizations: King's College London, U.S Locations: U.S, Brazil, France, China, Philippines, Indonesia, Australia, Canada, Japan, Nigeria, Egypt, Sweden, Norway

☆ Philanthropies Pledge $500 Million to Address Crisis in Local News
▼ + stars: | 2023-09-07 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +2 min

John Palfrey, the president of the MacArthur Foundation, said Press Forward aimed to help news outlets that did not have enough revenue to sustain their business. The goal, he added, is to eventually raise and invest $1 billion for the effort. “There’s extraordinary opportunity,” Mr. Palfrey said in an interview. Digital news outlets and nonprofit newsrooms have sprung up across the United States, but not in numbers large enough to fill the gap. According to the Northwestern report, most of the new outlets serve urban centers, leaving some economically struggling and rural communities at a loss.

Persons: John Palfrey, “, Mr, Palfrey Organizations: MacArthur Foundation, Press, United States —, Northwestern University’s Medill School Locations: United States, Northwestern

☆ Apple stock has lost $191 billion in market cap over 2 days on fears of China's crackdown
▼ + stars: | 2023-09-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Apple stock has lost about $191 billion in market capitalization over the last two days. Apple stock declined as much as 5.1% on Thursday before paring some of its losses. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The losses come after China banned iPhone use for government officials while at work, the Wall Street Journal reported on Wednesday. AdvertisementAdvertisementAnd Goldman Sachs strategists published a note on Monday that the tech titan is poised to stay dominant moving forward.

Persons: paring, Wedbush's Dan Ives, Goldman Sachs Organizations: Service, Wall Street, Bloomberg, Apple, European Commission, Wednesday, Meta, Microsoft Locations: China, Wall, Silicon, Europe, Beijing

BANGKOK (AP) — Myanmar’s imprisoned former leader, Aung San Suu Kyi, is suffering from symptoms of low blood pressure including dizziness and loss of appetite, but has been denied treatment at qualified facilities outside the prison system, a medical worker said Thursday. Separately, a military officer who also insisted on anonymity confirmed a report by the BBC’s Myanmar-language service that Suu Kyi was suffering a severe toothache that left her unable to eat and caused vomiting. However, the ruling military council’s spokesperson, Maj. Gen. Zaw Min Tun, said Suu Kyi was in good health, the report said. Not only are details about Suu Kyi’s health unclear, but even her exact whereabouts are not publicly known. Appeals of Suu Kyi’s convictions are still being processed on charges including election fraud, breaching the official secrets acts and six other corruption allegations, legal officials have said.

Persons: — Myanmar’s, Aung, Suu Kyi, Zaw Min Tun, Suu, Kim Aris, “, Min Aung Organizations: BBC, AP Locations: BANGKOK, Suu, Myanmar, Zaw, Britain, Naypyitaw, Yangon

☆ Wall Street firms and retired generals to discuss hypothetical Chinese invasion of Taiwan
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.

Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. "North Korean threat actors may be capitalizing on the opportunity to conduct intelligence collection on Russian entities due to the country's focus on its war in Ukraine," the report said. North Korea's mission to the United Nations did not immediately reply to a message seeking comment. North Korea has repeatedly been accused of deploying hackers against defense and diplomacy-related targets in South Korea, the United States and elsewhere. But allegations that Pyongyang is spying on its Russian allies are potentially more awkward as the countries draw closer amid the war in Ukraine.

Persons: Raphael Satter, Stephen Coates Organizations: U.S . National Security Agency, Microsoft Corp, Microsoft, United Nations, Reuters, SentinelOne Inc, Thomson Locations: WASHINGTON, Ukraine, Russian, Washington, North Korea, South Korea, United States, Pyongyang, East Asia, Beijing

☆ Ukraine Reports Some Successes in Counteroffensive Against Russian Forces
▼ + stars: | 2023-09-07 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

And it said Ukrainian troops were making gradual progress in their southward advance to the Sea of Azov. Russian accounts of the fighting said their troops had beaten back Ukrainian attacks near Bakhmut. Ukraine began its counteroffensive in June and has focused on retaking Bakhmut, seized by Russian troops in May, and capturing clusters of villages in the south. They face Russian troops that are well dug in and have benefited from extensive mining operations. Deputy Defence Minister Hanna Maliar told national television that Ukrainian forces were pressing their drive near southward from the village of Robotyne, captured last week.

Persons: Volodymyr Zelenskiy, Antony Blinken, Zelenskiy, Hanna Maliar, Maliar, Nick Starkov, Ron Popeski, Grant McCool Organizations: Reuters, Ukraine, Azov, Military, Russia's Defence Ministry Locations: Bakhmut, Azov, Ukraine, Kyiv, Zelenskiy, Mariupol, Robotyne, Russia, Klishchiivka

The 43-page document paints a disturbing picture of failures at the homes in Menlo Park and Paramus where dozens of deaths occurred early in the outbreak. “Even by the standards of the pandemic’s difficult early days, the facilities were unprepared to keep their residents safe,” the report said. The facilities are operated by the state’s Department of Military and Veterans Affairs, each with just over 300 beds. Murphy’s administration came under harsh criticism for his handling of the pandemic in veterans homes, with Republicans calling for investigations into his management of the outbreak. But the actual number of residents who died of COVID-19 was much higher, the report said.

Persons: Phil Murphy, ”, Murphy, ‘ Organizations: U.S Justice Department, U.S . Veterans Affairs, state’s Department of Military, Veterans Affairs, Democratic, Veterans Homes, Justice, Justice Department, DOJ, Menlo, Facility, Paramus Locations: TRENTON, N.J, Menlo Park, Paramus

☆ US consumers are done splurging, Fed report suggests
▼ + stars: | 2023-09-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —After a summer of robust consumer spending, America’s bars, hotels and restaurants say the era of post-pandemic splurging by US consumers has likely drawn to a close. “Consumer spending on tourism was stronger than expected, surging during what most contacts considered the last stage of pent-up demand for leisure travel from the pandemic era,” the report said. Consumer spending rose 0.8% in July, the strongest monthly spending gain since January. But that strength in leisure spending began to level off toward the end of August, the latest Beige Book shows. Still, leisure spending varied by region, with some reporting a noticeable slowing and others saying it is holding steady.

Persons: ”, Taylor Swift, Barbie, “, Morgan Stanley, Goldman Sachs, Susan Collins Organizations: DC CNN, Federal Reserve, Warner Bros, Hospitality, “, Street, Fed, Boston Locations: Washington, Boston Fed’s, Atlanta Fed’s, York, Boston

☆ Warner Bros Discovery plans to offer live sports for free on Max - Bloomberg News
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

The exterior of the Warner Bros. Discovery Atlanta campus is pictured in Atlanta, Georgia, U.S. May 2, 2023. REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsSept 6 (Reuters) - Warner Bros Discovery (WBD.O) plans to offer live sports at no additional price on its Max streaming service for a short period later this year, Bloomberg News reported on Wednesday. The company owns media rights to National Basketball Association and Major League Baseball, among other sporting events. Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyssa Pointer, Akash Sriram, Krishna Chandra Eluri, Shilpi Majumdar Organizations: Warner Bros . Discovery, REUTERS, Warner Bros Discovery, Bloomberg, Reuters, National Basketball Association, Major League Baseball, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, Bengaluru

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