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European and UK growth slows sharply as rate hikes leave their mark.

Plus, signs that Europe's start-up scene is drying up.

A lot of these start-ups now are prioritizing cost management rather than growth at all

costs.

And this survival mode means that there have been a lot of cuts in a lot of companies.

This may actually make things more difficult in Europe for companies and for the governments

that are trying to foster growth.

And Hollywood studios pitch a fresh deal to striking writers.

On Wednesday, August 23rd, I'm Luke Vargas for the Wall Street Journal, and here is the

AM edition of What's News, the top headlines and business stories moving your world today.

We begin in Hollywood, where studios have presented a new offer to writers who have been on

strike for nearly four months.

The Alliance of Motion Picture and Television Producers' latest deal guarantees a minimum

length of employment for writers, as well as controls around AI use.

And on pay, a 13% wage boost over three years, and more than 21% rise in residuals for

high-budget streaming shows.

...