In Today’s Market Moves
Investing Wealth Daily Brief
Disney lays off hundreds as it shifts focus to streaming
Disney is reportedly laying off several hundred employees across divisions including film, TV, and finance. The decision is part of a broader restructuring as the company responds to shifting consumer behaviors away from traditional cable and towards streaming platforms. As audiences continue migrating online, Disney is aiming to streamline operations and refocus resources on its digital offerings. The layoffs also reflect broader industry trends, with other media companies executing similar cost-cutting measures amid a changing content distribution landscape. Read More >>
Musk’s xAI Seeks Massive Valuation Amid Share Sale
Elon Musk’s artificial intelligence startup xAI is in talks to sell $300 million in shares at a valuation of $113 billion, according to the Financial Times. This includes both secondary sales by employees and a forthcoming primary funding round. xAI has drawn major interest since Musk acquired X, and this move highlights how AI companies are attracting investor capital even amid broader tech volatility. Read More >>
FAA to Increase Flight Volume at Newark Airport
The FAA expects to soon boost arrival capacity at Newark Airport following runway improvements. While the runway is already handling departing flights, it must still be certified for arrivals, a process expected to take a few days. Once complete, arrival capacity will rise from 28 to 34 flights per hour. The change is aimed at reducing delays and increasing overall efficiency at one of the nation’s busiest hubs. Read More >>
Apple Pushes Back Against EU Digital Markets Order
Apple is challenging a new EU directive that mandates it open its ecosystem to competitors like Meta and Google. The legal filing argues the requirements are “unreasonable” and risk stifling innovation. The EU’s Digital Markets Act aims to curb tech monopolies, but Apple contends its proprietary ecosystem drives user satisfaction and privacy. The case may become a pivotal moment in global tech regulation. Read More >>
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