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| Xi’s backdoor crack: Chinese President Xi Jinping cracked a rare joke and a laugh as he gifted his South Korean counterpart two Xiaomi phones built with Korean displays: “check if there’s a backdoor,” he quipped. Setting rare earths free: After trade talks between Xi and Trump, China has agreed to issue general licenses for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers around the world,” according to the White House. AI fears: Adobe investors worry that AI companies are creating tools that will lure marketers, filmmakers and arts professionals away from Adobe’s market leading software. Disney-free YouTube TV: Disagreement between Google and Disney over the value of serving marquee channels like ABC and ESPN on the cable replacement YouTube TV service has led to their outright removal. Disney, in making the move, argued its slate of live sports programming is one of the biggest attractions for YouTube TV. | |
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| French telecom giant Orange has agreed to buy out the remaining stake in its Spanish joint venture MasOrange for $4.9 billion, giving it sole ownership of a business in its second-largest European market. Orange is proposing to buy the remaining 50% in the joint venture from a group of private equity firms including KKR & Co. | |
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| Startup Substrate revealed itself with soaring ambitions — taking on ASML, the world’s top producer of chipmaking equipment, and TSMC, the top chipmaker, Ed Ludlow and Ian King report in today’s Tech In Depth. The chip world has looked askance at Substrate’s claims, essentially saying “prove it,” the two write. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. | |
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| Bloomberg Green at COP30: Climate action takes center stage on Nov. 4, when Bloomberg Green comes to São Paulo, uniting leaders from business, finance, government, academia and NGOs. Ahead of COP30 in Brazil, they’ll engage in bold conversations on how to turn climate goals into real solutions. Learn more here. Get Tech In Depth and more Bloomberg Tech newsletters in your inbox: - Cyber Bulletin for coverage of the shadow world of hackers and cyber-espionage
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- Screentime for a front-row seat to the collision of Hollywood and Silicon Valley
- Soundbite for reporting on podcasting, the music industry and audio trends
- Q&AI for answers to all your questions about AI
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