A tentative agreement to end the Hollywood writers’ strike sent shares of media🔥 companies higher and Amazon is investing $4 billion in OpenAI rival Anthropic. Here’s what investors need to know to꧟day.

1. Media Stocks Move Hi⭕gher After Tentative Agreement to End Writers’ Strike

Shares of major media companies moved higher in pre-market trading after a tentative agreement was reached with the Hollywood writers’ union that would end a five-month strike that brought several productions to a standstill. In statements Sunday, both sides said an agreement had been reached, though neither provided details. WarnerBros Discovery (WBD) shares shot up 3.6% in the pre-market, while  Paramount (PARA) shares jumped nearly 3%, Netflix (NFLX) shares gained 1.3%, and Walt Disney Company (DIS) shares moved up 1%.

2. Amazon Invests in OpenAI Rival Anthropic

Amazon shares (AMZN) were up 0.5% in pre-market trading after the online retailer announced it would invest up to $4 billion in artificial intelligence company Anthropic. The company’s Claude 2 chatbot is a rival of 澳洲幸运5官方开奖结果体彩网:OpenAI’s ChatGPT.

3. HP Shares Plunge as Berkshire Hathaway Contin✃ues Selloff

Shares of computer-maker HP (HPQ) fell 2.4% in pre-market trading after 澳洲幸运5官方开奖结果体彩网:holding company Berkshire Hathaway sold off additional shares of the company. The firm headed by 澳洲幸运5官方开奖结果体彩网:Warren Buffett sold 4.8 million shares of HP in recent days, worth about $130 million, which follows the sale of about 5.5 million shares of HP in mid-September.

4🍰. Canadian Auto Workers Appro💖ve Agreement With Ford

The union representing Canadian auto workers voted to approve an agreement with Ford (F) that will result in a 15% pay increase for the nearly 5,600 workers at Ford facilities in Canada. The agreement with the Unifor union in Canada comes as 澳洲幸运5官方开奖结果📖体彩网:Ford and the other Detroit automakers deal with an ongoing str🎀ike from the U.S. United Auto Worke𓆏rs union. Shares of Ford traded lower by nearly 0.2% in pre-market trading.

5. Instacart Shares Fall as Analysts Raise Worries onꦆ Growth

Shares of Instacart (CART) fell 2.5% in pre-market trading after analysts for BTIG issued coverage of the stock, assigning it a rating of “Neutral” without assigning it a price target, which followed a “Hold” rating from a Needham analyst earlier in the week on worries of slow growth and competition. Instacart traded at more than $42 last week 澳洲幸运5官方开奖结果体彩网:after going public with an 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) price of $30, with shares falling below that price in the pre-market.