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Biden seeks Taiwan arms sale, PlayStation establishes mobile gaming unit, Tesla violated labor law

Notable business headlines include reports that the Biden Administration is seeking approval for a $1.1 billion arms sale to Taiwan, Sony establishes PlayStation mobile gaming division, and Tesla violating a labor law.

Video Transcript

BRAD SMITH: The Biden administration reportedly seeking approval from US Congress on an estimated $1.1 billion arms sale to Taiwan. The package would include roughly 100 Sidewinder air-to-air missiles and roughly 60 additional antiship harpoon missiles as well as a surveillance radar contract extension. This coming amid heightened tensions with China after US House Speaker Nancy Pelosi's visit to Taiwan earlier this month despite China's opposition.

Japanese gaming giant Sony launched a new PlayStation Studios mobile division in an effort to expand from its console business into the mobile gaming space, with Sony's latest acquisition Savage Game joining the fold. Now, this comes after a rocky second quarter for Sony's gaming division, downgrading its full-year profit forecast for the business, as well as the boom resulting from the pandemic-- as that begins to fade-- while supply chain challenges-- they're persisting right now.

And in a ruling by the National Labor Relations Board, Tesla violated labor law by restricting employees from wearing pro-union shirts. The NLRB mandating that Tesla cease and desist from maintaining and enforcing the overly broad "team-wear" policy that prohibits production associates from wearing black union shirts. Tesla also being required to notify current employees that its "team-wear" policy has been rescinded or revised and provide a copy of any revised policy.