FT News Briefing Wednesday, January 22
Jan 22, 2020
The Senate's rejection of subpoena bids marks a contentious start to the impeachment trial of Donald Trump. Netflix faces challenges with slowing subscriber growth in the U.S. as global digital tax tensions rise, particularly with the UK's new plans against U.S. tech giants. In a shocking twist, Saudi Crown Prince Mohammed bin Salman is implicated in a hack of Jeff Bezos's phone. Meanwhile, Boeing's 737 Max remains grounded, and the first case of a Sars-like coronavirus has been confirmed in the U.S.
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Impeachment Trial Dynamics
- Democrats achieved a small win in the impeachment trial by extending debate time.
- They lost bids to subpoena documents, giving Republicans control over evidence.
Trump's Silence
- President Trump remained unusually quiet during the first day of his impeachment trial.
- He tweeted "read the transcript" but otherwise stayed silent, even while in Davos.
Netflix Growth
- Netflix's US subscriber growth slowed due to price hikes and competition.
- Global subscriber growth exceeded expectations, driven by international markets.