Activist hedge fund Starboard has taken a stake in drug giant Pfizer.Starboard execs met with company officials last week to outline their complaints.See highlights from the 74-page slideshow Starboard presented to Pfizer at the meeting. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

Meta undertook what it dubbed its "year of efficiency" in 2023, laying off thousands of employees. So far, 2024 has seen its own share of cuts, and workers are facing a new culture of "intensity." Here's a timeline of the tech giant's recent layoffs and hiring freezes. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a ...

Emirates has ordered five Boeing 777 freighters, eventually expanding its fleet to 21 of the planes.The order comes days after Emirates' boss criticized a fresh delay to Boeing's new passenger jet, the 777X.Boeing said in its preliminary earnings for Q3 that the delay would cost it up to $2.6 billion. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Ac ...

Boeing and union leaders have reached a deal that could end the machinists' strike.The proposed deal includes a 35% general wage increase spread over four years.The strike, which began September 13, has halted much of Boeing's production. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

Core Insights - Netflix added over 5 million subscribers in the third quarter, surpassing analyst expectations for the third consecutive quarter [2][3] - The company reported revenue of $9.8 billion, reflecting a 15% year-over-year increase, and profit growth of 41% year-over-year [2] - The Asia Pacific region experienced the highest revenue growth rate at 19%, compared to 16% growth in North America and Europe, Middle East, and Africa [4] Subscriber Growth and Revenue - The crackdown on password sharing and the rise of advertising-based subscriptions contributed to Netflix's success this quarter [3] - Netflix's local content strategy, including investments in original content, has enhanced its competitive edge [2][5] Regional Performance - Asia Pacific's revenue growth was driven by local content creation and partnerships with local storytellers [4][5] - Notable successes in the region include the South Korean production "Squid Game," which has been watched 265 million times globally and has accumulated 2.2 billion hours of watch time [5][6] Content Strategy - Netflix's approach includes commissioning content in local languages tailored for local markets, which has been pivotal for its international growth [5][7] - The variety of original content and early investments in markets like Japan and Korea have played a significant role in Netflix's growth trajectory [7] Market Reaction - Following the earnings report, Netflix's stock rose by 5% in after-hours trading, with a year-to-date increase of 46% [8]

Tesla faces a new investigation by the National Highway Traffic Safety Administration.The probe follows reports of crashes in low visibility areas with Full Self-Driving engaged.It adds to the numerous regulatory hurdles Tesla faces to its autonomous driving ambitions. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...

Intel is looking for an investor to acquire a stake in its Altera subsidiary, CNBC reported.The US tech giant is seeking a deal that values the programmable chip unit at around $17 billion.Intel is facing challenges in its business at a time when the US is seeking to revitalize its chip industry. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access ...

Netflix makes money. A lot of money.This is not news now. But a few years ago, when the company was burning billions a year, it wasn't a foregone conclusion.Good luck, would-be Netflix competitors! Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicki ...

Netflix reported third-quarter earnings on Thursday.New subscriber numbers beat analysts' expectations at 5.07 million.The streaming service is trying to grow new sources of revenue, such as gaming and advertising. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email addre ...

Core Viewpoint - The semiconductor market is experiencing volatility, with ASML's disappointing earnings contrasting sharply with TSMC's strong performance, indicating ongoing growth in AI chip demand in the short to medium term [1][2][9]. Group 1: Company Performance - ASML reported a significant drop in stock price by 16% following a reduction in guidance for the next year, marking its largest single-day decline since 1998 [5]. - TSMC achieved a record third-quarter net profit of 325.3 billion New Taiwan Dollars, equivalent to $10.1 billion, reflecting a 54% increase driven by robust AI demand [5][7]. - Other chip stocks, including Nvidia, AMD, and Broadcom, experienced declines following ASML's report but stabilized afterward [5]. Group 2: Market Dynamics - TSMC's customer base includes major players like Nvidia, AMD, and Qualcomm, positioning it as a key indicator of AI chip demand [4]. - The semiconductor industry is characterized by varied demand across subsegments, with AI chips experiencing growth while other areas, such as PCs, face weaker demand [6]. - Analysts suggest that while ASML's slowdown may indicate caution, the overall trend points to sustained demand for AI applications and advanced chips [9]. Group 3: Future Outlook - TSMC's CEO emphasized the tangible ROI benefits of AI applications, asserting that the growth is genuine and not a bubble [8]. - The ongoing AI boom is expected to continue driving strong demand for chipmakers, with upcoming earnings reports from other firms like Qualcomm and Intel likely to provide further insights into market conditions [9].