Top Stories Thursday, June 8: Amazon considers launching ad-supported Prime Video slots, Google and Microsoft face backlash for including ads in AI trials, Airbus cuts third of May deliveries Record 1 – BlackRock (NYSE:BLK), Amazon.com (Nasdaq:AMZN)

wall street journal

Balancing profitability and entertainment: Amazon considers launching ad-supported Prime Video slots

• Amazon.com Inc. (NASDAQ:AMZN) aims to launch an ad-supported Prime Video streaming service tier to further build its advertising business and generate more entertainment revenue.
• Advertising is a growing area for Amazon, reaching $9.5 billion in the first quarter, up 21% from a year earlier.
• Advertisers have expressed interest in Amazon providing inventory for the Prime Video service, which could impact other streaming platforms including: Netflix Inc (Nasdaq:NFLX) and walt disney company (NYSE: DIS).
• Specifically, ad buyers claimed to increase access to premium movies and shows that remain largely ad-free.

Reuters

The advertising transparency dilemma: Google and Microsoft face backlash over advertising in AI trials

• Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Microsoft’s (NASDAQ:MSFT) Inserting ads into AI trials without an opt-out option has offended some brands.
• Microsoft is testing advertising with the Bing AI Chatbot by migrating some of its classic search ads and inserting them into AI responses.
• The two companies are in the early stages of testing ads with generative AI capabilities, aiming to revamp the search engine with AI that can respond to free-form queries in writing.

BlackRock Seeks $7 Billion for New Global Renewable Power Fund

• BlackRock Co., Ltd. (NYSE:BLK) plans to raise up to $7 billion for its 4th Global Renewable Power Fund.
• The fund will focus on projects in Organization for Economic Co-operation and Development countries and may invest in wind and solar power, as well as green technologies such as batteries and grid infrastructure.
• The United States and the European Union are fueling this movement by introducing large amounts of financial support for clean energy, aimed at reducing carbon emissions in the fight against global warming.

Toshiba Board Asks Shareholders to Approve $14 Billion Acquisition

• Toshiba Corporation (OTC:TOSBF) (OTC:TOSYY) The board is reportedly recommending to shareholders a tender offer from the group led by Japan Industrial Partners.
• The $14 billion acquisition will take the Japanese conglomerate private. The tender offer is expected to begin in late July.
• Given unfavorable conditions, including a weak leveraged loan market and rising interest rates, the board concluded on Thursday that prices were “fair and reasonable” with no prospect of a better offer or competing bids.

benzinga

Airbus records 34% growth in May deliveries

• Airbus SE (OTC:EADSY) delivered 63 aircraft to 36 customers in May, a 34% year-on-year increase. Total deliveries this year totaled 244 aircraft for 70 customers. The total number of orders in May 2023 was 17.
• The company recently placed a firm order for 43 helicopters with Italian business airline Air Corporate.

FDA Endorses Eisai Biogen’s Alzheimer’s Drug Data, Underscoring Benefits of Full Approval

• The FDA’s Peripheral and Central Medicines Advisory Committee will meet on Friday (June 9) to discuss the FDA’s additional marketing application for lekenbi (lecanemab). Eisai Co., Ltd. (OTC:ESALY) is initiated in patients with mild cognitive impairment or mild dementia stage for Alzheimer’s disease.
• On Wednesday, the FDA released a briefing document that appears to support the FDA’s full approval of Rekumbi ahead of the meeting.
• This study tested Rekembi versus placebo in patients with mild cognitive impairment due to Alzheimer’s disease or mild Alzheimer’s dementia.

Novartis Sandoz Predicts Rapid Growth in Generic Drug Market After Spin-off as Patent Expires Approach

• of Novartis AG (NYSE:NVS) Generics unit Sandoz told investors that new product launches could add $3 billion to annual sales over the next five years after it spins off from its parent later this year. rice field.
• In addition to a core generic pipeline of more than 400 products, Sand said the biosimilar pipeline has tripled in size in recent years to 24 products.
• Novartis confirmed that Sandoz expects to generate mid-single-digit net sales growth this year, and expects growth to remain in this range from 2024 to 2028.

BlackRock Strengthens Global Credit Business with Acquisition of Creos Capital

• BlackRock Co., Ltd. (NYSE:BLK) Announces Acquisition Agreement Creos Capital For undisclosed terms.
• Kreos provides growth and venture debt financing to companies in the technology and healthcare industries.
• Kreos will be headquartered in London and its 45-person team will join BlackRock as part of the transaction.
• The acquisition will complement BlackRock’s global credit business and strengthen its position as a global credit asset manager.

bloomberg

Microsoft sells Times Square office for subleasing amid industry trends

• Microsoft (NASDAQ:MSFT) is poised to sublet offices in Manhattan’s Times Square as peers cut real estate.
• The technology company sells more than 42,000 square feet (3,900 square meters) of office space at 11 Times Square.
• Microsoft, which has been laying off staff, has reduced its presence in real estate, including abandoning plans for a new office complex in London.

tech crunch

Uber Launches Peer-to-Peer Car-Sharing in North America, Shows Commitment to Sustainability

• Uber Technologies Inc. (NASDAQ:UBER) unveiled plans to introduce peer-to-peer car-sharing across North America, starting in Toronto and Boston, at its Go-Get product event in London on Thursday.
• This demonstrates the company’s commitment to sustainability and is part of its efforts to curb emissions, a goal that was repeatedly mentioned during the event.
• Uber Carshare City customers can use the app to browse and reserve vehicles, and be able to rent by the hour or by the day.

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