Disney is expected to pay as much as $60 billion for assets of 21st Century Fox, in a deal that could be announced Thursday. Seeking Alpha Author Mike McNeil joins Cheddar to discuss what this sale could mean for movie and streaming services.
McNeil believes this opportunity to buy Fox could help Disney's Studio Entertainment division bolster its content. Next year, Disney will come back strong with the newest "Avengers" movie, and the highly anticipated "Frozen 2" is coming in 2019.
Plus, when it comes to Disney's future streaming service, McNeil talks about how Fox properties could help it compete with Netflix or Hulu. Earlier this year, Disney pulled all its content off Netflix to gear up for its own similar service.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
