business news in context, analysis with attitude

•  From the Los Angeles Times:

"The Trump administration’s effort to ban the Chinese messaging app WeChat is on hold after a U.S. District Court judge granted a preliminary injunction Saturday.

"After days of hearings, U.S. Magistrate Judge Laurel Beeler issued an order temporarily halting the U.S. Department of Commerce from implementing restrictions that would remove WeChat and any updates to it from U.S. app stores and prevent U.S. users from sending or receiving money through the app.

"In an Aug. 6 executive order targeting WeChat and the video app TikTok, President Trump warned that Chinese software poses a national security threat. The executive order had been set to go into effect Sunday.

"Last month, a group called the U.S. WeChat Users Alliance sued over Trump’s executive order barring transactions with the app. They argued the administration’s action would upend life among Chinese enclaves across the U.S. Because most other foreign apps are blocked in China, WeChat is a lifeline for families reaching their relatives abroad as well as a crucial tool for regional and cross-border commerce."

•  From Fox Business:

"Amazon reiterated Friday that its annual 'Prime Day' sales promotion would take place before the end of the year, but did not respond to multiple reports suggesting the event is slated to occur in October.

"This year’s edition of 'Prime Day' was delayed due to complications related to the coronavirus pandemic. Various tech sites, including T3 and Tom’s Guide, have speculated about a mid-October launch for the annual event, Amazon has yet to make a formal announcement."