Breaking News: Business

• Trump trade war shift away from Chinese manufacturing has reached tipping point - A long-term supply chain shift pulls the rest of Asia even with manufacturing giant China, but for importers, a short-term cash crunch from tariffs is looming.
• From the California gold rush to Sydney Sweeney: How denim became the most enduring garment in American fashion - The American blue jean was created in 1873 by tailor Jacob Davis, who patented the design with Levi Strauss, founder of the eponymous denim retailer
• Trump administration waives $11 million fine for Southwest Airlines' 2022 holiday meltdown - The Trump administration said it will forgive the last $11 million of a fine against Southwest Airlines that stems from the carrier's 2022 holiday meltdown.
• The regulatory path ahead for a Netflix and Warner Bros. deal could get dicey - Regulatory questions are already rising about Netflix's deal to combine its business with WBD's streaming service HBO Max and film studio Warner Bros.
• David Ellison's hunt for WBD made David Zaslav richer — and it may not be over - Paramount is considering taking an offer straight to WBD shareholders, believing its deal has a better chance of gaining regulatory approval, sources told CNBC.
• RFK Jr.’s vaccine panel weakens recommendation on hepatitis B shot for babies, scrapping universal guidance - Some public health experts expressed concerns the recommendation could lead to an increase in hepatitis B infections in babies.
• Netflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per share - MediaNetflix says it's struck a deal to buy Warner Bros. Discovery for $27.75 per sharePublished Fri, Dec 5 20257:11 AM ESTUpdated 2 Min AgoSara Salinas@in/sara
• Southwest Airlines cuts earnings outlook on government shutdown demand hit - The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.
• Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter - Paramount attorneys sent a letter to Warner Bros. Discovery questioning whether its acting in the best interest of shareholders.
• RFK Jr.'s vaccine panel to vote on changing hepatitis B shot recommendation for babies - The current recommendation for babies to receive a hepatitis B shot within 24 hours of birth is credited with driving down infections in kids by 99%.