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5 Things You Need To Know, Today, on Tuesday 1st November 2022
5. A US court has blocked a $2.2bn (£1.9bn) merger between the world's largest book publisher Penguin Random House and its rival Simon & Schuster.
In a brief order on Monday, US District Judge Florence Pan said the deal could "substantially" lessen competition in the publishing industry.
4. Elon Musk has dissolved Twitter's board of directors - cementing his control over the social media platform.
The multi-billionaire will be its chief executive after buying the company last week, ending months of back and forth over the $44bn (£38.3bn) deal.
3. UK battery firm Britishvolt has averted collapse by securing additional funding for the business.
The future of the start-up was thrown into doubt over fears it could run out of money after the government rejected a £30m advance in funding on Monday.
2. Blackouts would be a last resort this winter if energy supplies run low according to the boss of the National Grid.
John Pettigrew, said its "base case" assumption was the UK would have enough supplies to meet heating and lighting demand this winter, however, he added that short rolling power cuts were a possibility.
1. The Treasury has warned of "inevitable" tax rises as Rishi Sunak seeks to fill a "black hole" in public finances.
Mr Sunak and Chancellor Jeremy Hunt met on Monday to discuss options for the financial statement on 17 November and they agreed "tough decisions" were needed on tax rises, as well as on spending.