Anthony Bansi

Discovery and Netflix have struck a new all-cash deal worth $72 billion to buy Warner Studios and the HBO Max streaming business.

The offer replaces a previous cash-in-stock deal and comes as rival Paramount continues a hostile bid for the entire company.

Heads Up, an artificial intelligence tool, helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

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Here's your midday brief for Friday, January 16th.

I'm Anthony Bansi for The Wall Street Journal.

China and Canada have agreed to a new strategic partnership that lowers tariffs on Chinese electrical vehicles and Canadian canola.

Canadian Prime Minister Mark Carney says the country must be pragmatic as it faces a rupturing global trading system with increasing U.S.

trade frictions.

Under the deal, Canada will allow up to 49,000 Chinese EVs into its market at a 6.1% tariff, while Beijing cuts its canola duties.

However, trade analysts say the move could invite scrutiny in Washington as the United States reviews the U.S.-Mexico-Canada trade pact.

Health regulators in the United Kingdom have approved a higher weekly dose of Novo Nordisk's Wagovi weight loss shot.

The Medicines and Healthcare Products Regulatory Agency says the new 7.2 mg dosage is authorized for patients with a body mass index of at least 30.

Previously, 2.4 mg was the approved maximum weekly dose.

The Danish drugmaker is currently awaiting similar approvals for the higher dose shot in the United States and the European Union.

And FedEx has secured financing and a new board for its FedEx Freight unit as it prepares to spin off its trucking division.

Here's your afternoon TNB Tech Minute for Monday, January 12th.

I'm Anthony Bansi for The Wall Street Journal.

Google's parent company Alphabet's value topped $4 trillion in intraday trading.