Planned layoffs in December plunged to their lowest level in 17 months in a sign the labor market might be leveling out following intense cuts earlier this year, according to a report on Thursday from Challenger, Gray & Christmas.

Beijing officials plan to approve some Nvidia imports as soon as this quarter after they forced Chinese firms to pause their orders for the Silicon Valley firm’s H200 chips, according to reports.

Paramount Skydance on Thursday staunchly defended its revised $77.9 billion bid to take over Warner Bros. Discovery after the company again rejected its offer in favor of Netflix.