Reuters Morning Digest: July 23, 2019

Click to View in Browser Tuesday, July 23, 2019 Boris Johnson is expected to be named Britain's next PM Boris Johnson is expected to be elected leader of Britain's governing Conservative Party and the next prime minister on Tuesday, tasked with following through on his "do or die" pledge to deliver Brexit in just over three months time. Huawei's U.S. research arm slashes jobs as trade ban bites China's Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. FTC to announce $5 billion settlement with Facebook as early as this week: sources The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company's handling of user data, two sources briefed on the matter said on Monday. Milky Way melded with smaller galaxy in long-ago cosmic crash The Milky Way, home to our sun and billions of other stars, merged with another smaller galaxy in a colossal cosmic collision roughly 10 billion years ago, scientists said on Monday based on data from the Gaia space observatory. Rise of Jantjies creates Bok selection poser for Erasmus Just a year ago South Africa looked thin on talent at scrumhalf, a position of genuine concern heading toward the Rugby World Cup, but the emergence of Herschel Jantjies has sparked a selection poser for coach Rassie Erasmus. 'Avatar' and 'Avengers' trade compliments as 'Endgame' becomes box-office champ Director James Cameron on Monday handed over the baton for the biggest box-office movie of all time to the makers of "Avengers: Endgame" after it ended the 10-year record of "Avatar." Bad driving leads to $140 million drug bust in Sydney A clumsy driver led police to a A$200 million ($140 million) drug bust in Australia after he crashed a van laden with 270 kg (600 lb) of methamphetamines into a patrol car parked outside a police station in suburban Sydney. Related Video American surfing legacy lives on in Japan Huawei's U.S. research arm slashes jobs Great Debate Cox: AT&T opens itself up to activist attack Cox: Amsterdam has first-world financial dilemma A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook