U.S. Unemployment Rises to Highest Level Since 2021

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• 00:02

  The US unemployment rate rose to 4.6% in November, its highest level in more than four years.

• 00:09

  Plus, how a push for more IPOs has helped cause a wave of stock scams.

• 00:15

  And the European Union is reversing course on banning new gas-powered cars.

• 00:20

  Globally, we're seeing less uptake from consumers on EVs than some policymakers had expected.

• 00:27

  It's Tuesday, December 16th.

• 00:29

  I'm Sabrina Sidiki for The Wall Street Journal, sitting in for Alex Osala.

• 00:33

  This is the PM edition of What's News,

• 00:35

  the top headlines and business stories that move the world today.

• 00:46

  In a breaking news update, we're exclusively reporting that Warner Bros.

• 00:50

  Discovery will tell shareholders to reject Paramount's latest bid for the company.

• 00:55

  That's according to people familiar with the matter.

• 00:57

  Warner plans to recommend that shareholders support the existing deal with Netflix instead,

• 01:03

  and that recommendation could come as soon as tomorrow.

• 01:06

  For more on this story, go to wsj.com.

• 01:12

  The U.S.

• 01:13

  unemployment rate rose to 4.6 percent in November, its highest level in more than four years.

• 01:19

  And the Labor Department says employers added 64,000 jobs last month after they cut 105,000 jobs in October.

• 01:28

  Economists have been waiting for these latest numbers,

• 01:30

  which are some of the most important to be disrupted by the government shutdown.

• 01:34

  Today's report includes November jobs data and a patchier readout from October.

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