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Disney's Cost Cuts and China Tech

Bloomberg Tech

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Virgin Galactic's Second Commercial Space Flight

Chinese chip makers are speeding up investments in mature semiconductor equipment, as the US and its allies tighten export controls to cut Asia's tech edge. China's online shopping leader reported a better-than-expected 14% rise in revenues during a quarter when the world's number two economy struggled to gain momentum. After years of COVID-0 restriction, Alibaba shares up more than 5% in US trading today.

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