ABS-CBN stocks fall after Duterte’s threats | Evening wRap

Today on Rappler:

• Pascua sets world record in PH obstacle course conquest

Philippine obstacle course star Kevin Pascua sets the world, Asian and Southeast Asian records in the men’s 100m x 10 event in the 2019 Southeast Asian Games Wednesday, December 4.

• ABS-CBN stocks fall after Duterte’s threats of not renewing franchise

Shares of media giant ABS-CBN fall by 2.6% Wednesday, December 4, after President Rodrigo Duterte again lashed out at the network and threatened not to renew its franchise.

• Duterte orders crafting of new water concession agreements

President Rodrigo Duterte orders the justice department and the Office of the Solicitor General to craft new water concession agreements more “favorable” to the public.

• Southern Luzon commander is new Army chief

President Rodrigo Duterte names Lieutenant General Gilbert Gapay the next Philippine Army chief.

• TikTok sued in U.S. over alleged China data transfer

A university student in California files a class-action lawsuit against video app TikTok, accusing the app of harvesting large amounts of user data and storing it in China. – Rappler.com