Breaking News: Business

• Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter - Paramount attorneys sent a letter to Warner Bros. Discovery questioning whether its acting in the best interest of shareholders.
• RFK Jr.'s vaccine panel to vote on changing hepatitis B shot recommendation for babies - The current recommendation for babies to receive a hepatitis B shot within 24 hours of birth is credited with driving down infections in kids by 99%.
• Trump's South Korea tariff cuts are major boost for Hyundai and GM - The Trump administration said the tariff rate for vehicles from South Korea will drop to 15% as part of a trade deal.
• Trump administration to announce new fuel economy standards Wednesday, sources say - The oil industry group the American Petroleum Institute has lobbied the Trump administration to repeal the Biden fuel economy standards.
• Macy’s posts strongest growth in more than 3 years, but strikes cautious note on holidays - RetailMacy’s posts strongest growth in more than 3 years, but strikes cautious note on holidaysPublished Wed, Dec 3 20256:57 AM ESTMelissa Repko@in/melissa-re
• Holiday shopping turnout jumps to 202.9 million people during Thanksgiving weekend, NRF says - Shoppers said they were motivated by sales and promotions, such as limited-time offers, according to the trade group's annual survey.
• OpenAI is under pressure as Google, Anthropic gain ground - Sam Altman reportedly sent a memo to his staffers outlining a "code red" effort to improve ChatGPT.
• Apartment rents drop further, with vacancies at record high - A good supply of new multifamily units is coming online at a time of much weaker demand.
• Michael and Susan Dell to donate $6.25 billion to fund Trump Accounts for 25 million U.S. kids - The billionaire CEO of Dell Technologies told CNBC he first heard of the idea of seeding accounts from hedge fund manager Brad Gerstner.
• Costco sues for Trump tariff refunds before Supreme Court rules on if they're illegal - Costco joins dozens of other companies that are seeking to protect their rights to refunds of Trump's tariffs without first waiting for the Supreme Court.