Jimmy Kimmel is staying with Disney a little longer. The late-night host has signed a one-year extension to stay on ABC's "Jimmy Kimmel Live!" through May 2027, a person familiar with the deal told Business Insider on Monday.The renewed contract comes just months after Kimmel was briefly pulled off the air following backlash over his comments about the killing of conservative activist Charlie Kirk, a controversy that sidelined him for nearly a week and drew widespread concerns over the First Amendment. Th ...

Hollywood's latest high-drama battle of the titans: Paramount versus Netflix. David Ellison's Paramount made a hostile bid for Warner Bros. Discovery after WBD rebuffed its multiple offers and accepted Netflix's offer to buy its studio and streaming business.This means Ellison, who is backed by his billionaire father, Larry Ellison of Oracle, is making his case directly to shareholders on why he'd be the best owner for WBD. "We have faster regulatory certainty to close," Ellison said. He called the deal " ...

Berkshire Hathaway is reshuffling its top ranks ahead of the departure of its legendary CEO, Warren Buffett, in January. The company announced on Monday that Todd Combs, one of Buffett's key deputies and CEO of Berkshire-owned Geico, is departing the company to take on a role at JPMorgan.Alongside Combs' departure, Berkshire Hathaway announced a series of new leadership appointments. The company said that the new leaders are "stewards of the company's culture, demonstrate strong business acumen and judgme ...

Comcast wasn't a top contender in the Warner Bros. bidding war, company president Mike Cavanagh said. "We didn't expect that we had a high likelihood of prevailing with a deal that made sense to us," said Cavanagh, Comcast's soon-to-be co-CEO, at a media conference hosted by UBS on Monday morning.Cavanagh said Comcast's bid for Warner Bros. Discovery's streaming and studio assets was "light" on cash compared to bids by Netflix and Paramount Skydance, which wanted to buy the whole company, including its TV ...

Paramount Skydance isn't ready to give up the fight for Warner Bros. Discovery. The David Ellison-run company just launched at $30 offer for all of WBD, even though Netflix agreed to buy WBD's streaming and studio assets last week."Paramount's strategically and financially compelling offer to WBD shareholders provides a superior alternative to the Netflix transaction," Paramount said in a statement on Monday morning. Netflix's offer to buy Warner Bros. and HBO "offers inferior and uncertain value and expo ...

It's the most wonderful time of the year: Wall Street prediction season. Bank strategists are weighing in on where they see the S&P 500 landing by the end of 2026. BI's Jennifer Sor has a roundup of what the top Wall Street firms are projecting.My colleague, Joe Ciolli, author of the fantastic First Trade newsletter, has already written extensively about these predictions. I figured it made sense to chop it up with him. Dan: Before we get into what Wall Street is predicting for 2026, let's get into why (o ...

Core Insights - Todd Combs, a key investment manager at Berkshire Hathaway, is leaving to join JPMorgan [1] - Combs will lead JPMorgan's $10 billion Strategic Investment Group, which is part of a new initiative [1] - The initiative focuses on accelerating growth, boosting innovation, and enhancing manufacturing in the US [1]

The race to get in on the humanoid robot boom is heating up. In a research note released earlier this month, analysts at Morgan Stanley broke down a list of the 25 companies best positioned to dominate the market for humanoid robots, which the investment bank estimates will be worth more than $5 trillion by 2050.The list focuses on companies with expertise in AI and computing chips, cameras and perception, and sensors and movement technology, the analysts said. They added that the list is intended to help ...

Core Insights - The term "YOLO" has resurfaced in the AI industry, indicating a reckless approach to AI development that raises concerns about safety and responsibility [1][6]. Group 1: Industry Perspectives - Anthropic CEO Dario Amodei criticized competitors for their "YOLO-ing" approach, suggesting that they are taking excessive risks in AI model development [2]. - Jason Wei from Meta described "yolo runs" as a method where researchers implement ambitious models without thorough risk assessment, relying on intuition rather than systematic testing [3][4]. - Harvard professor Jonathan Zittrain highlighted a trend among founders and VCs to rapidly launch ideas without adequate consideration of potential failures, reflecting a "YOLO model" in the industry [5]. Group 2: Financial Implications - Major tech companies like Amazon, Google, Meta, and Microsoft have reported record capital expenditures on AI infrastructure, contributing to significant market gains for the S&P 500 and Nasdaq [7]. - An analysis by AlphaSense revealed that 418 publicly traded companies valued over $1 billion have identified AI as a reputational and security risk in SEC filings, indicating a growing awareness of potential pitfalls [9]. Group 3: Ethical Concerns - The "YOLO culture" in AI development is criticized for neglecting the potential threats posed by AI, such as misuse and unintended consequences [8]. - Geoffrey Hinton, known as the "godfather" of AI, warned that rapid AI advancements could lead to mass unemployment and increased inequality, raising ethical questions about the industry's direction [8].

Core Viewpoint - Netflix announced its intention to acquire Warner Bros., including its TV and film studios, HBO, and HBO Max, for $72 billion, marking its largest acquisition to date [1]. Group 1: Company Involvement - President Trump expressed support for Netflix, stating it is a great company that has performed exceptionally well [1]. - Trump noted that the acquisition would significantly increase Netflix's market share, raising potential concerns [1][2]. - Netflix's CEO, Ted Sarandos, was described by Trump as a "great person" who has accomplished remarkable achievements in the film industry [2]. Group 2: Market Reactions - The announcement of the acquisition has faced criticism, particularly from Paramount CEO David Ellison, who raised antitrust concerns [3]. - Paramount Skydance was also in competition with Netflix and Comcast to acquire Warner Bros. [3]. - In the past five days, Netflix's stock price has decreased by approximately 7%, while Warner Bros.' stock price has increased by over 8% [3].