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Economic shifts, geopolitical change In a world defined by disruption, what if leaders could turn uncertainty into advantage? Join SAP at the break to hear how organizations can stay resilient and stay ahead. Here's your afternoon TNB Tech minute for Monday, October 20th. I'm Julie Chang for the Wall Street Journal. Apple stock hit a new intraday record today following a report of strong iPhone sales. By mid afternoon, shares were up more than 4% to about $263 a share. Research firm Counterpoint said yesterday that the new iPhone 17 series outsold last year's iPhone 16 series by 14% during the first 10 days it was available in China and the US customer cancellations of Disney's streaming platforms Disney and Hulu doubled in September from a month earlier. The cancellations came after the company briefly suspended the ABC late night show Jimmy Kimmel Live over the comedian's comments related to the killing of conserv conservative activist Charlie Kirk. According to subscription analytics company Antenna, the rate of customer cancellations for Disney jumped from 4% in August to 8% in September and those for Hulu jumped from 5 to 10%. Antenna estimated a total of 3 million cancellations for Disney in September and 4.1 million for Hulu. And a second proxy advisory firm is advising Tesla shareholders to Reject CEO Elon Musk's bank proposed $1 trillion pay package. That's according to a Tesla post on X today. Glass Lewis is joining Institutional Shareholder Services, which said last week it had concerns about the magnitude and design of Musk's stock award program. Tesla called Glass Lewis recommendation misguided and it cited strong financial results under Musk's leadership. Tesla's shareholder meeting is scheduled for November 6th. Approval of the pay package requires a majority vote and Musk owns 13.6% of the company. For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast. Uncertainty is inevitable, but it doesn't have to hold your business back. Here's Sebastian Steinhauser of SAP again on how companies can adapt to the unpredictable and thrive Technology is the greatest tool in your tool set to help you create that capability to train that muscle in your enterprise to adapt fast to change in the environment. And that's where customers are turning to SAP now to say hey SAP, you already run our most mission critical processes in our enterprise. Help us apply generative AI, agentic AI. Apply this disruptive technology to improve our agility when it comes to making fast decisions for our business in a very uncertain economic environment. Learn more about how SAP helps businesses conquer uncertainty@SAP.com Uncertainty Custom content from WSJ is a unit of the Wall Street Journal Advertising Department. The Wall Street Journal news Organization was not involved in the creation of this content.
