Business news - October 23
META•The digest reported that SpaceX was asked to reverse new limits on Ukraine's Starshield use, Meta created a nonvoting share class for Mark Zuckerberg, and Barclays plans to cut about 5,000 jobs. A health adviser to President Donald Trump resigned ahead of the midterm elections.
1. Starshield limits
President Donald Trump asked SpaceX CEO Elon Musk to reverse new limits on Ukraine's use of the Starshield network after Ukrainian officials reported restrictions affecting military drone operations in the war against Russia.
2. Meta share class
Meta created a new class of nonvoting shares that founder Mark Zuckerberg can sell without weakening his control. He agreed to remain a California resident for eight more years amid a proposed billionaire tax.
3. Other business news
Barclays said it would cut about 5,000 jobs as it and competitors rely more on artificial intelligence to increase efficiency and lower costs. Trump health adviser Calley Means resigned ahead of the midterm elections, frustrated by stalled progress on the administration's health agenda, which included proposed food reforms.
