BUSINESS

NETFLIX CLAIMS 190 MILLION AD-TIER VIEWERS UNDER NEW METRIC

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Netflix has introduced a new advertising measurement that the streaming giant says better reflects the true reach of its ad-supported tier, and the results are eye-catching.

ELI LILLY TO INVEST $3 BILLION IN NEW DUTCH PLANT TO SCALE WEIGHT-LOSS PILL PRODUCTION

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Eli Lilly and Co. is expanding its global manufacturing footprint with plans to build a $3 billion production facility in the Netherlands to support the growing demand for its experimental weight-loss pill, orforglipron, and other oral medications.

NVIDIA PLANS £1BN AI HUB IN PARTNERSHIP WITH DEUTSCHE TELEKOM

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Nvidia, the US tech giant, and Deutsche Telekom announced Tuesday the impending launch of a one-billion-euro ($1.1 billion) industrial artificial intelligence hub in Germany. This initiative marks Europe's latest effort to accelerate its position in the global AI race. Germany's largest telecoms operator stated that the center will provide secure IT infrastructure on the continent, enabling a wide range of European companies, from major organizations to startups, to utilize AI for processes spanning design to robotics.

BERKSHIRE PROFITS SURGE 34% AS BUFFETT LETS CASH HIT RECORD $381 BILLION, NO BUYBACKS AGAIN

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Warren Buffett's Berkshire Hathaway closed the third quarter on a high note, reporting a powerful rebound in earnings and a record cash reserve, even as the 95-year-old investor prepares to step down as chief executive.

NINTENDO RAISES SWITCH 2 ANNUAL UNIT SALES

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Nintendo announced Tuesday it has raised its sales target for the Switch 2 console to 19 million units for the current financial year, an increase from its previous target of 15 million. The company cited "strong sales since its launch" as the reason for the upward revision, also boosting its annual net profit forecast to 350 billion yen ($2.3 billion) from 300 billion yen. The Switch 2 quickly became the world's fastest-selling games console following its launch in June, generating significant excitement among fans of titles like "Super Mario.”

GOOGLE AND DISNEY CLASH AS YOUTUBE TV CHANNELS GO DARK

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In a high-stakes standoff that has left millions of subscribers fuming, Disney networks including ESPN, ABC, FX, and National Geographic have vanished from YouTube TV after the two corporate giants failed to reach a licensing agreement. The blackout, which began Thursday night, marks the latest battle in a growing war between streaming platforms and traditional media companies fighting over distribution rights.

STARBUCKS SELLS CONTROL OF CHINA OPERATIONS TO BOYU CAPITAL IN $4 BILLION DEAL

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Starbucks has agreed to sell a controlling stake in its China operations to Boyu Capital in a $4 billion transaction, marking one of the largest foreign consumer divestments in China in recent years.

SHARES SURGE AT AMAZON WITH DEMAND FOR CLOUD COMPUTING SERVICES

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Amazon's share price surged more than ten percent on Thursday after the online retail and cloud computing giant reported earnings that surpassed market expectations. The company announced a 13 percent increase in quarterly sales, reaching $180.2 billion across its operations. Net income climbed to $21.2 billion, up from $15.3 billion in the prior year. Further boosting investor confidence, Amazon forecast fourth-quarter sales between $206 billion and $213 billion, indicating growth of 10-13 percent.