The US Department of Defense is sending a third aircraft carrier strike group and additional Marine vessels, along with up to 10,000 personnel, into the Middle East region, signaling an escalation of military operations and readiness to handle a conflict with Iran that could intensify after the midterm elections. Meanwhile, US Trade Representative Jamieson Greer disclosed that the G20 trade ministers' meeting reached a joint consensus in condemning the use of food products as a tool of pressure or trade coercion, but was unable to reach consensus on issuing a statement condemning the use of forced labor in supply chains, as well as on addressing structural overcapacity in the industrial sector, and the US and China have not yet set a timeline for reducing tariffs on goods worth a total of 60 billion dollars, according to the proposal of the US-China trade committee. The Wall Street Journal reported, citing insider sources, that The Walt Disney Company is planning to restructure its television business, which could result in the layoff of several hundred more employees, alongside the consolidation of various divisions.
Walt Disney CompanyDisney plans to restructure its television business, potentially laying off several hundred more employees and consolidating divisions.
