6 SPORTS THE BALTIMORE SUN | | SATURDAY, AUGUST 1, 2020 BUSINESS BRIEFING Amazon gets OK to launch satellites NEW YORK — Amazon.com is one step closer to space. The company received government approval to put more than 3,200 satellites into orbit with the goal of beaming internet service to Earth. Amazon said the satellites could provide internet to parts of the world that don’t have it. Amazon said it will spend $10 billion on the initiative, called Project Kuiper. It’s opening a research facility in Redmond, Washington. Other companies have put satellites into orbit, including SpaceX, the rocket company owned by Tesla CEO Elon Musk. SpaceX received government approval for the project in 2018. Microsoft in talks to acquire TikTok SAN FRANCISCO — Microsoft is in talks to acquire TikTok, the Chinese-owned video app, according to a person with knowledge of the discussions, as President Donald Trump said Friday he was considering taking steps that would effectively ban the app from the United States. It’s unclear how advanced the talks are, but any deal could help alter TikTok’s ownership, said the person with knowledge of the talks, who spoke on the condition of anonymity. TikTok is owned by ByteDance, a Chinese internet company valued at $100 billion. That has raised scrutiny with Trump administration officials saying they have been concerned that TikTok poses a national security threat. GDP Percent change from previous quarter, seasonally adjusted, first estimate: 5 0 -5 -15 Q2 2020: -32.9% -25 -35 2017 2018 2019 2020 SOURCE: U.S. Bureau of Economic Analysis TNS
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