Meanwhile, telecommunications giant AT&T could soon reach a deal to combine its WarnerMedia content unit with rival Discovery, creating a $150bn (£106bn) unit, according to the Financial Times. It comes a few years after AT&T acquired the owner of CNN, HBO and Warner Bros. The agreed deal is expected to be announced in the coming days, the FT says, citing sources. Meanwhile, the paper also says UK Chancellor Rishi Sunak is withholding support for US President Joe Biden’s plans for a 21% minimum global business tax rate, and instead wants a broader package for taxing digital technology groups.