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TOP STORIES:
HOTEL WORKERS UNION VEGAS -- The labor union representing tens of thousands of Las Vegas hospitality workers announced early Wednesday that it had reached a tentative deal with casino giant Caesars Entertainment, a major breakthrough that could help avert an unprecedented strike at more than a dozen hotel-casinos on the Las Vegas Strip. By Rio Yamat. SENT.
WEWORK-RISE AND FALL -- WeWork promised to be an internet-era landlord, one that would cut office space costs while " empowering tomorrow's world at work " via "designed space, flexibility, technology and community." The company promised chic offices that would supposedly encourage creativity and collaboration among workers. That, at least, was the plan. What followed included several years of torrid growth, a near-death experience and, finally, a filing for bankruptcy protection this week. By David Hamilton. UPCOMING.
MARKETS & ECONOMY:
FINANCIAL MARKETS -- U.S. stocks are still largely stuck in place Wednesday as Wall Street continues to recalibrate following its sharp recent swings. By Stan Choe. SENT: 670 words, photos. UPCOMING: About 800 words by 4:30 p.m., photo.
EUROPE-ECONOMY -- The European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they're sure inflation is under control despite sluggish growth, the International Monetary Fund said Wednesday, warning against "premature celebration" as inflation declines from its peak. SENT.
GERMANY ECONOMY -- Germany's economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year, the government's panel of independent economic advisers forecast Wednesday. SENT.
EARNINGS:
ADIDAS-YEEZY -- Adidas believes it may have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. By David McHugh. SENT.
EARNS-WALT DISNEY -- Walt Disney Co. reports quarterly financial results after the market close. UPCOMING.
BEYOND MEAT-RESULTS -- Beyond Meat reports its third-quarter earnings Wednesday. By Dee-Ann Durbin. UPCOMING: By 4:30 p.m., photo.
INDUSTRY:
CRUISE-RECALL -- GM's Cruise autonomous vehicle unit is recalling all 950 of its cars to update its software after one dragged a pedestrian to the side of a San Francisco street last month. The company says in documents posted by U.S. safety regulators Wednesday that with the updated software, Cruise vehicles will remain stationary in similar cases. By Tom Krisher. SENT.
AIRBNB-FAVORITES -- Airbnb says the biggest reason it loses some bookings to hotels is that people never know exactly what their Airbnb rental will look like until they check in. So the company is trying to change that. By David Koenig. SENT.
DISNEY-DESANTIS -- A Florida judge holds another hearing in a court battle over the powers of a board chosen by Gov. Ron DeSantis to oversee the Walt Disney World resort. ON MERITS.
TECHNOLOGY & MEDIA:
META-AI-ELECTION ADS -- Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company, Meta, announced on Wednesday. By David Klepper. SENT: 500 words, photo.
CHINA-INTERNET -- Chinese President Xi Jinping said Wednesday that potential risks associated with artificial intelligence are challenges that countries should deal with together, remarks that come against the backdrop of China's rigid control of free speech on the internet. SENT.
PHILANTHROPY:
PHILANTHROPY-JOAN-KROC -- First-class recreation centers in low-income neighborhoods -- that was the vision of Joan Kroc, billionaire philanthropist and heiress to the McDonald's fortune of her husband, Ray. When she died in 2003, Joan Kroc stunned the Salvation Army when she left what amounted to $1.8 billion with instructions to carry out her wish for the centers. By Lisa Napoli of The Chronicle of Philanthropy. SENT.
PERSONAL FINANCE:
ON THE MONEY-NERDWALLET-LGBTQ ADOPTION -- Adoption can be a way to build a loving family, particularly for same-sex couples, who are more likely to adopt than opposite-sex couples, according to census data. By Ronita Choudhuri-Wade of NerdWallet. SENT: 780 words, photo.
BEHIND THE WHEEL-BEST MIDSIZED TRUCKS -- Midsize trucks are a viable option for truck shoppers looking for something that's smaller and less expensive than a full-size truck. But a lot is happening right now that potential truck buyers will want to know about. By Michael Cantu of Edmunds. SENT.
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