Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.
[Economy] The U.S. added 245,000 jobs last month, less than the month before, suggesting that the labor-market recovery is losing steam amid surging covid-19 cases.
[Legal] The U.S. The Justice Department has proposed a deal that would let Meng Wanzhou, CFO of Huawei Technologies Co. and daughter of its founder and CEO Ren Zhengfei, go home. Wanzhou was arrested in Canada in late 2018 for violating U.S. sanctions with Iran. The proposed deal would require her to admit wrongdoing in a criminal case.
[Theaters] In a stunning move, Warner Bros. announced that it would release all its films in 2021 in theaters and on its streaming platform HBO Max simultaneously. The plan is part of a year-long experiment to test the new business model wherein new films will be shown on HBO Max for one month before being taken off the platform for an undefined amount of time.
Over60: The Verge