China Puts Spymaster in Charge of Overseeing Western Businesses

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 18 May 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 18. WSJ chief China correspondent Lingling Wei says the move by Chinese leader Xi Jinping signals Beijing is prioritizing security over economic growth. And Disney scraps a $900 million investment to relocate employees to a corporate campus in Florida. Charlotte Gartenberg hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Time is your most valuable resource.
0:04.1	But how much value does it have if you don't share it with someone special?
0:08.4	Selective search has revolutionized the way you find love.
0:11.7	Discover How at SelectiveSearch.com
0:19.9	ESPN plans to cut the cable cord.
0:22.5	The sports TV channel is laying the groundwork to become a subscription streaming service
0:26.8	in the coming years.
0:28.3	Plus, the Chinese leader puts his securities in charge of overseeing Western businesses.
0:33.6	This shows to us that it's abundantly clear for Xi Jinping, national security, chumps
0:40.8	everything else.
0:42.5	For previous Chinese leaders, for decades, China really had prioritized economic growth,
0:49.9	economic development over anything else.
0:53.8	And the US Supreme Court hands down a much-watched decision on fair use.
0:58.8	The implications for artists could be big.
1:02.0	It's Thursday, May 18th.
1:03.2	I'm Charlotte Gartenberg for the Wall Street Journal, filling in for Anne Marie for
1:06.8	Tohli.
1:07.8	This is the PM edition of What's News, the top headlines and business stories that move
1:12.2	the world today.
1:21.6	Many is dropping plans on a $900 million investment in a new corporate campus in Florida.
1:27.2	The move would have relocated more than 2,000 employees to Lake Nona, outside Orlando.
1:32.9	Hundreds of employees have already relocated, but they will be given the option to move
	...

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