Netflix rose more than 9% on Friday as investors cheered the decision to drop out of the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets.Netflix declined to match Paramount’s latest offer of $31 per share or increase its $27.75 per share offer for Warner […]
US software stocks extended their decline on Wednesday, driven by fears of disruption caused by artificial intelligence, with some analysts warning of more volatility as investors assess whether the challenge is existential for the sector. The sell-off was triggered by a new legal tool from Anthropic, which showed that the AI industry is increasingly exerting […]