
Netflix is restructuring its programming unit following a slowdown in revenue growth reported in its latest quarterly earnings results.
AI-generated summary
Netflix released its latest quarterly earnings this week.
Netflix is regrouping after the release of its latest quarterly earnings this week.
Revenue growth at the streaming giant has slowed as the company works to overhaul its programming unit.

Instacart has reportedly hired an investment bank to evaluate sale options, following acquisition discussions with DoorDash and Uber. The news caused Instacart shares to rise over 9% on Friday, while shares of Uber and DoorDash declined.

Airlines and leasing firms are increasingly dismantling nearly new aircraft, some under five years old, to harvest high-value components like engines. The trend is driven by severe parts shortages, long maintenance backlogs, and rising costs for engine repairs.

Anthropic's upcoming IPO, targeting a $2 trillion valuation, promises significant returns for investors. Current private valuations highlight massive gains for backers like Eric Schmidt, Iconiq, Menlo Ventures, Sequoia, and Sound Ventures.

Moderna shares dropped 25% following a data leak regarding its personalized melanoma vaccine, intismeran autogene. Despite the market reaction, clinical data showed a 42% reduction in recurrence or death risk when paired with Merck's Keytruda.

U.S. airlines are prioritizing higher ticket yields over passenger volume as jet fuel costs surge. Despite a decline in checkpoint screenings, carriers like American and Southwest report that premium demand and increased fares are offsetting lower load factors.

U.S. jobless claims dropped to 194,000 last week, the lowest in three months. Despite sluggish hiring and economic pressures from energy costs, the labor market remains sturdy with historically low layoff rates and a 4.2% unemployment rate.