BANGKOK (AP) – Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence.
NEW YORK (AP) – Netflix is walking away from its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over its storied Hollywood rival.
GENEVA (AP) – World Economic Forum head Børge Brende said Thursday that he is stepping down after facing pressure over his contacts with the late sex offender Jeffrey Epstein. Brende, a former Norwegian foreign minister, said in a statement that he had decided “after careful consideration” to step down as president and chief executive of the forum.
Target will stop selling cereals containing synthetic colors by the end of May. The Minneapolis-based discounter said Friday it had been phasing out synthetic colors in cereals for several years. Right now, 85% of its cereal sales already come from products made without synthetic dyes. Target said it has worked with brands to reformulate products as needed.
WASHINGTON (AP) – Anthropic CEO Dario Amodei said Thursday that the artificial intelligence company “cannot in good conscience accede” to the Pentagon’s demands to allow unrestricted use of its technology, deepening a public clash with the Trump administration that is threatening to pull its contract and take other drastic steps by Friday.
Excerpts from recent editorials in the United States and abroad:
SEOUL, South Korea (AP) – South Korea’s government on Friday said it will allow Google to export detailed mapping data of the country to overseas servers under certain security requirements, responding to years of frustration by foreign travelers who found that Google Maps didn’t work effectively in the country.
Word had barely spread about Paramount’s apparent victory in the competition to buy Warner Bros. Discovery before CNN chief Mark Thompson wrote to staff members. His message, in effect: Keep calm and carry on.
Two of Hollywood’s oldest studios may be consolidating into one. In a shocking twist after a monthslong bidding war, Paramount has emerged as the apparent victor in the fight to acquire Warner Bros.
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