The acting head of FEMA has resigned in the latest high-level departure at the federal agency.
Plus, why prop bets are so popular and why sports leagues are starting to crack down on them.
The people start doubting that what they're watching is genuine competition.
You essentially don't have a business anymore.
And does Amazon laying people off via text and email signal a new approach to job cuts?
It's Monday, November 17th.
I'm Alex O'Sullivan for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Sinclair, one of the country's largest owners of local TV stations,
says it has built a roughly 8% stake in local TV broadcaster EW Scripps to help it buy the company.
Sinclair says it's discussed a deal with Scripps, but there's no agreement yet.
We're in a moment when employers are laying off thousands of workers,
and how they're doing it keeps evolving.
During the pandemic, it was Zoom calls, then it was surprise calendar invites to HR meetings.
Now, many companies are trying to make layoffs more efficient,
and they tend to involve a lot less face time.
When Amazon started laying off some 14,000 employees last month,
they received a text to check their emails, which then informed them they'd lost their job.
Some Southwest Airlines employees learned they lost their jobs while at home,