Dow Jones Top Company Headlines at 1 AM ET: U.S. Files to Intervene With EU Decision on X, Elon Musk | Anthropic ...
MorningStar·- The U.S. intervened to support applications annulling the EU Digital Services Act decision against Elon Musk's X, while Anthropic signed an 11.6 billion dollar cloud deal with Akamai Technologies. - Dell top executives sold 32 million dollars in stock during the AI rally, and Costco reported a higher fourth-quarter profit of 3 billion dollars driven by resilient consumer spending. - Amazon announced a 100 million dollar Indiana hub to expand robot-making capacity, and BlackRock debuted investment portfolios on the blockchain as digital tokens via Ondo Finance.People Inc. Targets MGM Deal, Buybacks as It Seeks Sales of Non-Core Assets
Market Beat·- People Incorporated Common Stock is focusing capital allocation on its MGM minority stake and People media business while seeking to monetize non-core assets such as Vivian Health and The Daily Beast. - The company submitted an offer on June 1 to acquire the remaining MGM stake and is adapting its digital strategy to offset declining referral traffic from Google Search through AI licensing and direct-to-consumer initiatives. - Management expects digital EBITDA margin expansion of 30% to 40% for the full year and anticipates ongoing revenue growth driven by strong performance marketing and licensing agreements.