Wall Street Watch: Top Stocks – Nov 13, 2023

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Google is in talks to invest hundreds of millions of dollars in artificial intelligence startup Character.AI, two sources familiar with the matter told Reuters. Founded by Noam Shazeer and Daniel De Freitas, two former Google employees, Character.AI offers users chatbots with varying roles and tones.

Boeing

Boeing and SunExpress (a joint venture between Turkish Airlines and Lufthansa) announced today that the airline has once again chosen to focus on the 737 MAX to continue its strong growth. With a commitment to purchase up to 90 fuel-efficient Boeing single-aisle jets announced at the Dubai Airshow, Turkey’s leading leisure carrier will double its fleet over the next decade. The deal includes 28 737-8s and 17 737-10s, with the possibility of 45 additional 737 MAX aircraft.

Boeing and Emirates today announced that the world’s leading operator of Boeing 777 aircraft has ordered 90 Boeing 777X aircraft, including 55 Boeing 777-9s and 35 Boeing 777-8s. This new order, which brings the number of 777X family aircraft ordered by Emirates to 205 units, was announced at the Dubai Airshow. In addition, Emirates has updated its 787 Dreamliner order book to better align future capacity with demand.

Streaming groups such as Netflix, Walt Disney and Warner Bros. Discovery will pay bonuses of around $40 million a year under the tentative agreement reached between the actors’ union SAG-AFTRA and major Hollywood studios, according to union leaders said. “The vote to ratify the agreement with Netflix, Walt Disney and Warner Bros. Discovery and other members of the Alliance of Motion Picture and Television Producers (AMPTP) is expected to conclude in early December,” said the chief negotiator of the actors union, Duncan Crabtree-Ireland.

UK petrol station operator EG has announced a deal to acquire Tesla’s latest ultra-fast charging units for ‘evpoint’, its rapidly growing electric vehicle charging business in the UK and Europe. The hardware will operate on an open network basis, meaning all drivers will be able to access evpoint chargers, regardless of the brand of vehicle they are driving. “This is the first agreement of this type concluded by Tesla with a third-party charging station operator in Europe,” underlines boss Zuber Issa.

Tyson Foods

Tyson Foods’ fourth-quarter sales totaled $13.34 billion, down 2.8 percent from $13.73 billion in the same period a year ago. Its operating loss was $463 million, down 160% from the fourth quarter of the previous fiscal year. Adjusted operating profit reached $236 million, down 71%. The agri-food group posted a loss per share of $1.31, down 187% compared to earnings per share of $1.5 a year ago.

Wynn Resorts

Las Vegas casino operator Wynn Resorts has reached an agreement with its unions: signed for five years, it covers 5,000 employees in two establishments in the city and follows similar agreements concluded with two other operators last week. Las Vegas unions, considered among the strongest in the United States, said they had won the largest wage increases ever negotiated in their history. “This agreement will help give all workers the quality of life they deserve,” commented Joe Biden.

This article is originally published on capital.fr

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