The WSJ reports that Verizon will cut its $4.83 billion deal to buy Yahoo by as much as $350 million, and will evenly split the costs from Yahoo's two major data breaches. Verizon has also agreed to give up its right to sue over the idea that Yahoo covered up its hacks.

Note: Last week, Bloomberg reported that Verizon cut the deal price by $250 million, a great compromise for Yahoo after its messy data breaches. Even with the news that Verizon wants to lower the price by another $100 million, Yahoo is surely still breathing a sigh of relief that Verizon hasn't killed the deal entirely.

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U.S. officials: Iran and Russia aim to interfere in election

Iran and Russia have obtained voter registration information that can be used to undermine confidence in the U.S. election system, Director of National Intelligence John Ratcliffe announced at a press conference Wednesday evening.

Why it matters: The revelation comes roughly two weeks before Election Day. Ratcliffe said Iran has sent threatening emails to Democratic voters this week in states across the U.S. and spread videos claiming that people can vote more than once.

Obama: Trump emboldens people to be "cruel and divisive and racist"

Former President Barack Obama. Photo: ALEX EDELMAN / Getty Images

In his first campaign rally appearance on behalf of Joe Biden, former President Barack Obama urged Americans to vote, saying "we can't afford another four years" of a Trump presidency.

Why it matters via Axios' Hans Nichols: With less than two weeks until Election Day, Obama made his case for Biden in Pennsylvania, a state that Trump's campaign knows he needs to win.

Quibi says it's shutting down

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Quibi, the mobile-only video subscription streaming service, is shutting down, the company announced Wednesday. The company said the decision was made to preserve shareholder equity.

Why it matters: Quibi had struggled to hit its subscriber growth targets amid the global pandemic. The app launched six months ago.