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Daily's Pre-Market: Netflix, Boeing, P&G, Google, and Alibaba.

  • Writer: Mathieu Desfosses
    Mathieu Desfosses
  • Jan 24, 2024
  • 2 min read

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Netflix to stream WWE’s Raw starting next year in its biggest jump into live entertainment

  • Netflix and TKO Group Holdings said Tuesday that the streaming platform will air the WWE’s flagship program Raw starting next year.

  • Netflix is trying to drive revenue by cutting down on subscription sharing and pushing viewers toward its ad-tier membership.

  • The streaming platform is making its first major foray into live sports, while WWE will get access to Netflix’s roughly 250 million global subscribers.


United CEO casts doubt on 737 Max 10 order after Boeing’s recent problems

  • United is considering fleet plans without the Boeing 737 Max 10.

  • CEO Scott Kirby expressed frustration with delays and manufacturing issues at Boeing.

  • Kirby said the Max 9 grounding after a door plug blew on an Alaska Airlines flight is the “straw that broke the camel’s back.”


P&G’s beauty sales hurt by an unlikely headwind: A wastewater release in Japan

  • High-end skin-care brand SK-II saw its sales tumble 34% in the greater China region, owner Procter & Gamble said.

  • In August, Japan started releasing treated radioactive water into the Pacific Ocean, sparking opposition from China and its consumers, who feared nuclear contamination.

  • P&G said that consumer sentiment toward SK-II is improving.


Alphabet cuts ties with Australian AI firm that helped train Bard and Google Search

  • Alphabet has cut all contractual ties with Appen, the artificial intelligence data firm that helped train Google’s chatbot Bard, Google Search results and other AI products.

  • Alphabet contracts account for roughly one-third of Appen’s business revenue.

  • Appen has helped train AI models for a star-studded list of tech behemoths, including Microsoft, Nvidia, Meta, Apple, Adobe, Google and Amazon.


Alibaba co-founders buy more than $200 million worth of shares, sending stock up

  • Alibaba co-founders Jack Ma and Joe Tsai have picked up more than $200 million worth of the company’s shares between them in recent months, according to a regulatory filing and The New York Times.

  • Ma has stepped back from leadership roles at the company and the public eye, while Tsai remains chairman.

  • The company’s shares have slumped since November, after a planned spinoff of its cloud business was canceled.



 
 
 

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