Deloitte expects the space economy to reach $2 trillion by 2035.

Jason Garzatus, CEO of Deloitte U.S., says that growth is fueled by data and its application

for businesses across industries.

What's exciting is that the data and the analytic and the commercial application of the data

will move to be more mainstream.

It will be something that organizations of any size can benefit from

the data that's being emitted from space that could be pertinent to their operation. Visit Deloitte.com

to learn how the space economy is creating new opportunities. Here's your morning brief for Friday,

December 5th. I'm Daniel Bach for the Wall Street Journal.

Warner Brothers Discovery has entered exclusive negotiations to sell its studios and HBO Mac streaming business to Netflix, in a tie-up that could reshape the entertainment industry.

We are reporting that the companies are expected to announce a deal soon. That said,

it could face a bumpy road ahead with regulatory

scrutiny and rival bidder paramount expected to object to the deal. Meta shares have jumped more than

3% in off-hours trading on news Mark Zuckerberg plans to cut spending on the Metaverse. Back in

2021, Zuckerberg staked Meta's future on his vision for an

immersive online world when he changed the company name from Facebook, but now Meta plans to

shift spending to AI wearables during 2026. And investors will be watching a batch of key economic

data due out today, including a September reading of the Federal Reserve's preferred

inflation gauge, which was delayed because of the government shutdown. Economists expect prices

to have increased to around 2.8%, with the core equivalent expected to hold at 2.9%.

PCE will likely be the last inflation gauge out ahead of the Fed's interest rate decision next week.

It's due at 10 a.m. Eastern.

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