Federal Agencies Push Back on Elon Musk’s Ultimatum
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Here is your Morning Brief for Monday, February 24th. I'm Luke Vargas for The Wall Street Journal. U.S. federal government employees have been sent an email asking them to detail what they got done at work last week by the end of today or risk losing their jobs. We report that email came together in a matter of hours on Saturday after President Trump directed Elon Musk to get more aggressive in his government cost-cutting efforts.

Musk said on social media that, quote, failure to respond will be taken as a resignation, end quote. The email prompted pushback from top administration officials across some agencies, who told workers to ignore the directive. Disney and Warner Bros. Discovery's streaming bundle, which offers Disney+, Hulu, and Max, is retaining more customers than Netflix.

According to new data from subscription analytics firm Antenna, about 80 percent of subscribers who signed up for the bundle between July and September were still paying for it three months later, compared with 74 percent for Netflix. Representatives from the companies declined to comment.

And tech investor ProSys has agreed to buy JustEatTakeaway.com for $4.3 billion, sending shares in the food delivery company up more than 50% in morning trading in Amsterdam. The deal is set to create the fourth largest player in food delivery globally and boosted shares of competitors Delivery Hero and Deliveroo. ProSys shares, meanwhile, slumped 8%.

Asian stocks have ended the day mostly lower. European stocks are up in midday trading, with German stocks leading the way after conservative Friedrich Merz won in this weekend's election. And U.S. stock futures are rising ahead of earnings from Diamondback Energy and Zoom Communications due out later today. And we've got a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.