These are the headlines you Need 2 Know for Tuesday, October 8th, 2019:
Cheddar's Hena Doba and Jill Wagner get into the latest.
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Trump cuts tariffs on China after meeting Xi in South Korea
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music and AI song generator Udio partner on new AI platform
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Samsung reports 32% rise in operating profit and predicts more growth
Samsung Electronics has reported a 32.5% increase in operating profit for the third quarter.
Starbucks halts 2-year sales slide, but costly improvements hurt its profits
Starbucks halted a long sales slide in its fiscal fourth quarter as fall drinks and improved service brought customers back to its stores.
The underdiscussed pure profit enterprise of movie rereleases
With rereleases being pure profit, why aren’t studios always doing them?
