"Netflix and chill" could become a lot chillier now that the streaming service will work with Microsoft to launch a cheaper subscription plan that includes advertisements, the firms announced Wednesday. As the streaming giant fights to attract customers, Netflix opted to develop the lower-cost offering after a disappointing first quarter in which it lost subscribers for the first time in a decade, and after years of resistance against the very idea of running ads. The ad-based subscription will be cheaper that the three plans already available, $10 a month in the U.S.

FIND OUT WHICH STUDIOS ARE IN TALKS TO CREATE CONTENT

A list compiled by CNBC showed that the best states to do business in 2022 performed well under tense economic conditions and had business-friendly states' policies, achievements, and goals to help local, national, and international businesses and workers thrive. North Carolina claimed the top spot, and five of the top 10 were located in the South. The list highlighted North Carolina's ability to put aside partisan differences to reach common goals, led by Democrat Gov. Roy Cooper

SEE THE TOP 10 AND HOW YOUR STATE FARED IN THE SURVEY

Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its "strong case" against Elon Musk for moving to back out of his $44 billion buyout bid. Stocks in the social media platform, which sued Tuesday to force the mercurial billionaire to stick to the deal, were up around 8% in trading after the hedge fund, Hindenburg Research, took a "significant" stake in Twitter, but one which is below the 5% line that requires reporting to the SEC.

MEET THE CONTROVERSIAL JUDGE WHO WILL HEAR THE CASE

What was the original name for Netflix and what year did it launch?

Wednesday's answer: NBC's "Saturday Night Live," which has been on the air for 47 seasons since 1975, has won the most Emmys with 86.