apple's shares fall, after reports it faces a probe by chinese authorities.

earnings from alphabet. also, a roaring success — disney's latest hits, mufasa and moana boost profits, but its streaming business and the end of the road? close to collapse. we'll explain why. all of still to on edition of business today. welcome to business today, i'm ben thompson. let's start in the us, where two of the tech giants shares in apple are currently in the red, after reports it faces a probe by chinese authorities over its than expected revenues after the bell on tuesday.

than get acted revenues than get thed revenues than get the very enues than get the very latest. ritika gupta, joins us now. let's start first with alphabet before we get apple, of before we get to apple, of course, the of so course, the owner of google, so why are investors so nervous now? , , ., why are investors so nervous now? , , ., , . now? yes, you see that nervousness _ now? yes, you see that nervousness being - now? yes, you see that. nervousness being dragged down after some underwhelming results from alphabet. as results from alphabet. a&e as well, investors here, said well’."investprs here, said the heavy wallrinvastdrs hara, said the heavy spending a bout the heavy spending fro rd co m pa n i es a bout the heavy spending fro rn companies and a bddt'the heavy spending from companies and when they these companies and when they are going to get returns on that and how these can monetise ai. for z— its cloud focus, with in its cloud focus, with revenues missing, and then as google built out ai features z- its cloud computing into its cloud computing programme at a time when 77 a re really 77 are really watching investors are really watching alphabet�*s ability to maintain spend its businesses as spends on al. company itspends on al. the company . “e be spending announced they will be spending $75 billion worth of capital expenditure this year to build

its ai similarly, 7” tumble, 7 tumbleg|v|ng a&e tumble, after giving a growth outlook ai, even though a&e's for al, even though a&e's fourth—quarter revenues to fdurth-guarter revefiqes'due ta estimates. this seems to be top estimates. this seems to be after emergence of chinese after the emergence of chinese ai rival which is ai rival deepseek, which is producing good ai at a fraction pdeuciflg' g'ddd'ai'dt'd'fdetidfl the cost. this prdllilllzing'g'ddd'ai'dt'd'fr’dctidfl the cost. this is of the cost. this is particularly challenging for partiedlarly ehallengingfev�*f w's " ~ alphabet who are firms like alphabet who are trading at high levels that is very meaning investors more like to punish those are more like to punish those stops when the issues facin- 2 issues facin- pple 7 issues facin- pple as lots of issues facing apple as well, hot the heels of... well, hot on the heels of... announced by chinese yesterday, they now apple their sights? a; what their sights? a; what they r sights? a; what they are ihts? a; what they are accusing oi of - yes, an them of here. yes, an interesting _ them of here. yes, an i interesting development them of here. yes, an - interesting development with them of here. yes, an - inter: weighing elopment with them of here. yes, an - inter: weighing a opment with them of here. yes, an - inter: weighing a probe it with them of here. yes, an - inter: weighing a probe into h app store: 2 7:7 app store fees and its apple's app store fees and its

policies. as mentioned, d a den; miter just a day after china a probe into google announced a probe into google over anti—trust and over anti—trust violations and at a time when there are earning at. ahmewherthse are: big tensions these big tensions over trade between china and the while are nontariff these are nontariff measures, it does suggest china is trying put some 7 7 put some pressure on the to put some pressure on the trump administration and that big could be in the line big tech could be inthe line fire for after of fire for tit—for—tat after those again, adds those tariffs. again, this adds to pressure that is to pressure that apple is facing within china, as already facing within china, as it has seen its revenues because of a of from china's own w brands like “use ww” brands like “flaws to you, thank you. we are talk to you, thank you. we are to stay with that tech theme. to disney now, where a strong showing at the box office for hits like moana 2 and mufasa: the lion king has boosted earnings and profits at the entertainment giant. those succeses came alongside another quarter of slight

with us parks impacted by hurricanes in florida. start" to the year. but one market watcher told he believes disney's share hike " ”hike” ’ 7 "as; w 7 77hike77 7 7 77b7e7er71a7 7 price hike hasn't been a turn—off for subscribers. and there are two main highlights. future of the company. is that the streaming service in general is which was a big goal, but that profitability was driven because of price hikes in large part. and that's not to say that price increases on them, and price pinching users is not a long term growth strategy. so, when you look at the last

quarters, comparing netflix 1 million new subscribers for any singular one of its platforms. so ultimately, this is another sign that users are going to follow the content and they're around if there is a steady stream of quality content at scale. that you mentioned at the top of the segment will eventually the latest there that battle for eyeballs as far as the services are

in tokyo on reports its strategic partnership with some background on what happened there, here's mariko oi. to hold those merger talks back in december, because honda's market cap is more than five times in the merger, and reportedly rejected becoming a subsidiary of honda. meanwhile, nissan's long—term partner, renault, has reportedly urged nissan to negotiate a higher premium from honda, which may have added to their challenge. their merger would have created the world's but while neither company is confirming this, nissan has reportedly suspended merger talks

while honda shares rising by more than 8%. because nissan has been really struggling financially. mariko oi there. in ourasia in our asia business in singapore. 10,000 tonnes of lithium a year — creating jobs and growth in the north east region. lithium — a key mineral for the green transition — weardale lithium. to have you here, so the light, talk to me about thi7s 7 this means 77 this means and what you what this means and what you now do. it —~§ my —~§ can nowdo. eiis for can nowdo. £77; for m significant for not only county durham, also the uk.

= the uk has no currently the uk has no lithium and relies on production and relies 100% on imports, so having a domestic imparts; es besides efimflh: "" " being able to address supplier. beinn able to address — in supplier. being able to address , in region supplier. being able to address . in region of somewhere in the region of 50-70% of the uk's somewhere in the region of 50—70% of the uk's requirements lithium to 2030 for lithium to 2030 really bolsters the future of the belsters thefetere sit-be??? . . .. of belsters thefetere sit-be??? . . ~ of the country. electrification of the country. yes, put that into real for us, how many leflaseac st ss. hsemsfls . for batteries is that, for example? as i said, that is kind of 15% of what need to, so we still of what we need to, so we still rely on other rely sn sthsrissdrsss sf" both produced the lithium, both produced in the north—east and also in the nsrthsssst and siss in the and elsewhere. but southwest and elsewhere. but we are talking about brpadly, we are talking a�*dppt of thousands of car and electric vehicles batteries and electric. vehicles used across batteries and electric vehicles used across battery and alsp dsed acrpss battery storage systems, which energy storage systems, which go into people's homes and also the grid and the infrastructure around the uk. so applicable in around the uk. so appucable in part of everyday life. 7 7 7a7b7so7lu7te7ly,7 7 7 7ab7so7lu7te7ly,7 and 7we777 7 7 7ab7so7lu7te7ly,7 a7n7d7 weknow as yes, absolutely, and we know as well this can get a bit isa is a centre of peliticale it is scent-”s sf s" ~ ~ . ~~ row between the us and

huge row between the us and china right now, access to these minerals that are so so much of the tech needed in so much of the tech take for granted today. that we take for granted today. so, to be able to address and so, to be able to address of those supply needs is some of those supply needs is crucial. what does it mean in terms ofjobs? because it is thing getting it out of the one thing getting it out of the ground, a very different thing making it into stuff we can use. actually use. that is the real key _ what - actually use. that is the real key _ what our i key attraction of what our proposals that have been approved today �* us to do. will be producing a lithium battery 77 battery g77rade, battery grade, that carbonate, battery grade, that we can immediately be able to put into products without further refining, so that fdrther refining. sp that allows a fdrther refining, sp that allows a bit of domestic really allows a bit of domestic resilience for us in the uk in res i li -.g. pfm'.ls'nti1.,.,.lklna.. resilience fpr ps in. the uk. in. a highly issue and also not geopolitical issue and also not one without, the one without, with the tariff as to be topical. isssss as well. ts be tspicel; . "fire” ”in” a talk issses as well. te be tepicel; m, r ' ' -. talk to me about yes, talk to me about the region itself. we touched on region itself. as we touched on there, able to create jobs. how can you reassure people you can this stuff out of the get this stuff out of the ground without causing environmental problems? well, we have already _ environmental problems? well, we have already done _

environmental problems? well, we have already done it. - environmental problems? well, we have already done it. that i the i can give and is the assurance i can give and done previously, in that base am ercslsssisiflffiet’i’iifi'f’m’ are base ssne sfesisssls'.”isthst” ' ' ' are basically hess ssne sfesisssls'.”isthst” ' ' ' are basically water hess ssne sfesisssls'.”isthst” ' ' ' a depth :ally water hess ssne sfesisssls'.”isthst” ' ' ' a depth in ly water hess ssne sfesisssls'.”isthst” ' ' ' a depth in the water hess ssne sfesisssls'.”isthst” ' ' ' a depth in the granite water a chemical through basically a chemical process and the water down or disposin- down or disposing of it back down or disposing of it so we are not 7 in7 its7 in its conventional mining in its conventional sense, there are open pits sense, there are no open pits of tunnels going the =. z =7: landscape, it is a very sensitive environmentally sensitive and that was great process and that was great in the of 30—50 jobs in the short term, 125 onwards in the longer 125jobs onwards in the longer term, so that is worth about l i’oss gross value 7 gross value added to billion gross value added to the north—east region its chain. �* chain. yes, not . be supply chain. yes, not to be sniffed i good _ supply chain. yes, not to be sniffed i good to - supply chain. yes, not to be sniffed i good to talk i supply chain. yes, not to be sniffed i good to talk to l sniffed at. good to talk to you, stewart dickson, thanks very much and we'll keep an eye on it and see how you progress. stewart dickson, chief executive of weardale lithium. some of the other we're following other stories we're following in this last hour...

and temu, have used the tax exemption to ship low—value in the uk and the european union. beauty firm estee lauder, owner of cosmetics brands the business to tackle its flagging performance, but now says job losses could reach 7,000. that is your business today, we will very soon,

welcome back to news. a damning report into the mental health care

because he didn't like needles. valdo calocane. navtej johal reports. valdo calocane, who has paranoid schizophrenia, stabbed them to death in the streets of nottingham injune 2023 and tried to kill three others. and distress at its findings. accountability at an organisational and individual for the loss of our beautiful and brave daughter, grace,

there must be change.