5 Key Business & Tech Updates: October 20, 2025

Tech Outages and Recoveries

• 🌐 Major websites like Perplexity, Snapchat, Disney Plus, Coinbase, and Robin Hood are returning online after an overnight outage impacting Amazon Web Services (AWS).

Apple's iPhone Sales Performance

• 📱 The latest generation of iPhones has outperformed the previous model, selling 14% more in its first 10 days in the US and China, according to a Bloomberg report.

Geopolitical Accusations

• 💻 China has accused the US of conducting a hacking campaign targeting its National Time Center, with alleged evidence of infiltration dating back to 2022.

Mergers and Acquisitions

• 🤝 Blackstone and TPG are reportedly in advanced talks to acquire the medical device maker Whole Logic, leading to a rise in its share price.

Tesla and Elon Musk's Compensation

• 📈 Tesla shares are being watched as proxy adviser ISS recommends investors vote against a pay plan for CEO Elon Musk that could grant him nearly a trillion dollars in stock.