Disney Extends CEO Robert Iger’s Contract Through 2026
The entertainment giant’s board unanimously voted to extend his contract by two years.
IMAX Moves to Buy China Subsidiary
IMAX said it has filed an offer to acquire its Hong Kong-based subsidiary for $124 million in cash in an attempt to benefit from growth opportunities in China.
Elon Musk Launches xAI, His New Artificial-Intelligence Company
Musk has been recruiting researchers to try to create a rival to OpenAI, the AI company behind the viral chatbot ChatGPT.
Microsoft’s Win Puts U.K. Regulator in Challenging Spot Over Activision Deal
Britain’s antitrust watchdog, the only major regulator preventing the deal from closing, says it is ready to consider a new proposal.
Lina Khan Is Taking on the World’s Biggest Tech Companies-and Losing
The FTC chair’s court loss against Microsoft, which the agency is appealing, marks another setback in her fight to block mergers.
Domino’s Pizza Is Soon Coming to Uber Apps
The pizza chain hopes to generate $1 billion in sales after losing business to food-delivery apps.
UAW Nixes Symbolic CEO Handshakes as Labor Talks Begin
In forgoing the ceremonial handshake, the union is signaling a more aggressive tone for contract negotiations with GM, Ford and Stellantis.
Lucid’s stock drops 9% after EV maker’s quarterly deliveries disappoint
Lucid’s stock is under pressure on Wednesday after a huge delivery miss.
Brazilian Meatpacker JBS to Pursue U.S. Listing
The company intends to list its shares on the NYSE and the São Paulo Stock Exchange using Brazilian Depository Receipts by the end of 2023.
U.K. Lenders Pass Stress Test but BOE Flags Risks
The Bank of England’s latest assessment of financial stability found that U.K. major banks could withstand a sharp economic downturn, but highlighted risks stemming from the real-estate sector and leverage.
Source: Dow Jones Newswires