Apple reportedly signed $275B deal with China, Instagram chief to testify before Congress
Apple reportedly signed $275B deal with China, Instagram chief to testify before Congress
1:27

Apple reportedly signed $275B deal with China, Instagram chief to testify before Congress

Tech Industry
Speaker 1: This is CNET. And here are the stories that matter right now, apple reportedly signed a 275 billion deal with China in 2016 to improve relations with the country. According to the information, the deal reportedly led by CEO, Tim cook was part of efforts to put an end, to seeing regulatory actions against the company under the five year deal. Apple reportedly pledged to quote, do its part to develop China's economy and technological [00:00:30] pros through investments, business deals and worker training. Apple did not immediately respond to a request for comment. The head of Instagram, Adam Messer is set appear in Congress today to discuss the effects Instagram has on young people. The protecting kids online Senate hearing will focus on what the company knows about the impact the app has on children and teens. The hearing will be streamed on the subcommittee's website and C's YouTube channel today at 2:30 PM Eastern standard time. [00:01:00] And finally due to Samsung's latest company restructuring. The chiefs of its three major business units have been replaced by two co CEOs hand, Jon, he will lead a new division that combines consumer electronics it and mobile Keon will lead the device solutions unit, which contains the company's semiconductor business. Stay up to date with the latest by visiting cnet.com.

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