Paramount CEO David Ellison wants to release 30 films annually. History and Hollywood say it’s unrealistic
While David Ellison has set a lofty goal for Paramount to release 30 films a year, there’s no recent precedent for such a haul.
Stocks making the biggest moves midday: GE HealthCare Technologies, Bloom Energy, Seagate, Teradyne, & more
Here are the stocks making headlines in midday trading.
Meta stock drops on quarterly results as ‘internet disruptions’ in Iran drag down user numbers
Meta beat on revenue, but showed disappointing user numbers and its capital expenditures were below estimates.
Amazon earnings beat expectations with strong cloud growth
Revenue in Amazon’s cloud computing segment expanded 28% year over year, topping analysts’ estimates.
Bill Ackman’s Pershing Square USA fund falls sharply in public market debut
The listing gives public investors their first direct stake in Ackman’s investment platform, which runs a concentrated portfolio of 10 large-cap names.
Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
Current Fed Chair Jerome Powell has faced a barrage of criticism from Trump over his refusal to slash interest rates as much as the president wants.
OpenAI’s subtle drift from Microsoft has become an aggressive move toward Amazon
While OpenAI and Microsoft remain partners, the AI company has been rapidly pushing into Amazon’s world.
A million-dollar gold bear emerges ahead of the Fed decision
Someone sold upside call exposure in the SPDR Gold ETF (GLD) while simultaneously buying downside put exposure in a two-pronged trade.
Jet fuel bidding war breaks out as airlines confront ‘global stress test’ over shortages and cancellations
The continent must “fight for every cargo” in what analysts have dubbed a “global stress test” for the airline industry.
UK’s biggest drugmakers see surprise profit bump, even as pharma grapples with U.S. policies
AstraZeneca and GSK, the U.K.’s second and ninth most valuable companies, both saw first-quarter profits beat expectations early Wednesday.
