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Following the launch of its next-generation satellite, Hughes Network Systems is now starting to offer faster internet speeds to compete with its main industry rival SpaceX.

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• Commercial real estate could suffer its biggest crash since the Great Financial Crisis.
• That's bad news for banks, which could see $160 billion in additional losses.
• That's according to a recent NBER working paper, which examined the impact of the Fed's rate hikes.

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• The US and Chinese air forces have both intensified their training for aerial combat.
• US Air Force leaders are concerned about the growing size and capability of China's aviation force.
• The US is still seen as having the edge, but more realistic training has helped

SAVE $100: The Apple Watch Series 9 (45mm, GPS) just got the all-time low price treatment at Best Buy as the retailer's latest app-exclusive Drop on Dec. 21. Snag one for just $329 instead of the usual $429 through 6 p.m. ET, unless it sells out first.

It’s time to look back at spaceflight in 2023, a real “two steps forward, one step back” kind of year, filled with highs, lows, and everything in between.

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Beeper is throwing in the towel in its fight to bring iMessage to Android — mostly. Although it just announced yet another fix to let Android users send iMessages from its messaging apps, Beeper announced that it’s going to stop finding workarounds and instead focus on its “long-term goal of building the best chat app on earth.”

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• Amazon Web Services' Global AI Innovation Center, led by Sri Elaprolu, launched in July.
• Elaprolu's team works with over 1,000 AWS customers to develop generative-AI apps with Bedrock. 
• Elaprolu said AWS customers are getting serious about moving ideas from concept to production. 
• This article is part of "Build IT," a series about digital tech and innovation trends that are

SAVE $40: As of today, Dec. 21, the Echo Studio smart speaker is on sale for 20% off at Amazon, taking the price down from $199.99 to $159.99.

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SiriusXM is getting sued by the state of New York for making it too difficult for subscribers to cancel their plans. The suit claims that customers who want to cancel are required to chat over the phone or online with an agent who bombards them with questions and offers. “Sirius deliberately wastes its subscribers’ time even though it has the ability to

The Einstein Probe, an X-ray telescope managed by the Chinese Academy of Sciences, will be ready to launch next month. The probe will look for transient events in X-ray light and try to answer some fundamental questions about black holes and gravitational waves.

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• At COP28, nearly 200 governments pledged to triple global renewable-energy capacity by 2030. 
• For a green transition to happen, companies need to address their supply chains.
• A coordinated, multilayered international effort is also essential to curb the climate crisis.   
• For more climate-action news, visit Insider's One Planet hub.

COP

• Driverless car company Waymo analyzed over 7 million fully driverless miles for a safety analysis.
• The data indicated its cars are 6.7 times less likely to be in injury-causing crashes than human-driven cars.
• This safety report comes at a turbulent time for autonomous vehicles. 

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