Good morning from the Newsroom of the Financial Times.

Today is Wednesday, January 22nd.

And this is your FT news briefing.

Netflix feels short of its US subscriber targets last quarter.

The UK will go ahead as planned on a digital tax

for US tech companies despite the threat of tariffs and Saudi Crown Prince

Mohammed bin Salman has been implicated in a hack of Jeff Bezo's phone.

But first, the US Senate spent Tuesday sparring over how the impeachment trial of

Donald Trump will run.

The F.T.'s Peter Speiegel explains how things went.

I'm Mark Filipino, and here's the news you

need to start your day.

Basically over the course of many hours that stretched into the late evening you had

one small victory by the Democrats but a series of big defeats. The small

victory was McConnell clearly was trying to rush the impeachment trial.

He basically gave both sides 24 hours to debate the issues, but he wanted it to be done over two days.

So we're looking at impeachment hearing is going to the early morning hours every day

to try to get this done in a little more than a week. The Democrats cried foul on

this and got some backing from some moderate Republicans. McConnell gave them the minor victory,

which is it's going to be over three days.

So essentially, you're not going to have these very, very late

night hearings anymore.

...