Israel pushes deeper into Gaza, GM reaches tentative deal with UAW, social media platform X valued at $19bn, Sundar Pichai's testimony before the US Department of Justice, Elon Musk's X suffers decrease in equity valuation
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Israel expands ground presence in Gaza, facing guerrilla warfare from Hamas using rockets and underground defenses.
General Motors reaches a tentative deal with United Auto Workers union, marking a significant victory for the workers amidst a six-week-long strike.
Deep dives
Israeli military expands ground presence in Gaza
The Israeli military has deployed more troops, armor, and artillery in Gaza, signaling an expanded ground presence in the ongoing conflict. Hamas, with a large arsenal of rockets and anti-tank weapons, engages in guerrilla warfare against the Israeli army, the most powerful military force in the Middle East. Hamas aims to equalize the fight by using rockets to harm Israel and forcing street-level fighting in Gaza, utilizing underground tunnels and well-provisioned defense strategies. The lack of local information makes it challenging to gain a full picture of the conflict.
Tentative deal reached to end US auto-worker strike
The United Auto Workers Union and General Motors have reached a tentative deal, potentially ending the six-week-long strike that also affected Ford and Stellantis. The deal includes a 25 percent hourly pay raise over four years, marking a significant victory for the workers. The strike caused financial losses for car manufacturers, with Ford reporting a $1.3 billion cut from its operating earnings. Meanwhile, Alphabet CEO Sundar Pichai testified in an antitrust case, with the US Department of Justice accusing Google of maintaining a monopoly via agreements that establish Google search engine as the default on smartphones and browsers.
Israeli ground forces pushed deeper into the Gaza Strip on Monday, General Motors has reached a tentative deal with the United Auto Workers union, and the social media platform X, formerly known as Twitter, is now valued at $19bn, the company told employees. Plus, the FT’s Stefania Palma explains how Alphabet chief executive Sundar Pichai’s testimony before the US Department of Justice went on Monday.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.