FT News Briefing Tuesday, August 20
Aug 20, 2019
Apple makes a splash with a $6 billion commitment to original content as it gears up for its streaming launch. Meanwhile, Boris Johnson is pushing hard on Brexit to reshape the Irish border agreement. Social media giants are taking steps to combat Chinese disinformation aimed at Hong Kong protests. In a surprising shift, the Business Roundtable is rethinking corporate priorities, seeking a balance between shareholders and broader societal responsibilities. Lastly, the mystery deepens around Jeffrey Epstein's will signed shortly before his death.
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Apple's Streaming Ambitions
- Apple is investing over $6 billion in original content for its new streaming service, Apple TV+.
- This aims to rival established platforms like Netflix, Disney, and HBO, marking a significant shift in Apple's strategy.
Johnson's Brexit Backstop Challenge
- UK Prime Minister Boris Johnson is pushing to eliminate the Irish backstop from the Brexit deal.
- He argues it's undemocratic and clashes with his post-Brexit vision, signaling a departure from Theresa May's approach.
Social Media Crackdown on Chinese Disinformation
- Facebook and Twitter suspended accounts linked to a Chinese disinformation campaign targeting Hong Kong protesters.
- This is the first time such activity has been directly attributed to Beijing amidst ongoing protests.