Markets and corporate leadership news

Reuters reveals ⁠China has secretly built a prototype chipmaking machine⁠ in a six-year effort insiders compare to the Manhattan Project. President Donald Trump delivers a holiday address boasting of accomplishments as the House fails to rein in his Venezuela aggression.  Warner Bros Discovery rejects Paramount Skydance's $100 billion hostile takeover bid, backing Netflix's offer instead. Plus Nick Reiner, son of director Rob Reiner, appears in court charged with murdering his parents.

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