Twitter may lay off hundreds, Obamacare premiums jump 25%, and more news.

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Twitter
Will lay off hundreds of employees, as much as 8% of its workforce and as soon as this week, Bloomberg reports. The company has moved its earnings call to the wee hours Thursday — 4 a.m. P.T.

Obamacare
Premiums on healthcare.gov went up 25% for 2017, the biggest rise since the Affordable Care Act was adopted. Facing higher costs than expected, some insurers like Aetna and UnitedHealth have pulled out of exchanges altogether.

Samsung
Is offering South Korean owners of the Galaxy Note 7 a 50% discount on the Note 8. The company is desperate to convince customers to stick with the product line after its botched recall.

Internet
Xiongmai is recalling millions of its older connected cameras that were used in last week's cyberattack. But it insists it relies on users to change default passwords.

“Early success is probably the worst thing that can happen in life.”
Satya Nadella, CEO of Microsoft

Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Isabelle Roughol
Art: Jacqueline Zaccor
Producer: Florencia Iriondo