On Tuesday, the Walt Disney Company announced plans to return “Jimmy Kimmel Live!” on ABC’s broadcast network. The decision comes after the late-night talk show was suspended for comments linking the murder of a conservative activist to supporters of former President Donald Trump. The show is set to resume taping sessions this week, according to Disney.
A district attorney in California suggested that a shooting at an ABC affiliate station could have been “politically motivated.” The suspect, Anibal Hernandez Santana, may have been spurred on by ABC’s recent decision to suspend the late-night show hosted by comedian Jimmy Kimmel. However, investigations are still ongoing.
Artificial Intelligence (AI) juggernaut Nvidia announced a $100 billion investment in OpenAI to progressively build out 10 gigawatts of artificial intelligence data center capacity. This news propelled shares of Nvidia to soaring all-time intraday highs north of $184, pushing the company’s market value to nearly $4.5 trillion. The announcement is reflective of the enormous growth potential in the AI industry, indicating that this area of the technology sector is still in its early stages.
In other market action, sportswear giant Nike has been added to the CNBC Investing Club’s Bullpen following indications of a turnaround for the company. The brand, which has suffered due to exposure to China’s fragile economy and structural issues, announced a series of leadership changes and strategic shifts. Nike’s shares have been underperforming since late 2021.
Finally, the selection of a financial advisor requires consideration of multiple factors, including credentials, transparency, and a personal connection. Experts warn against advisors who are not readily transparent about their fees and those who have a history of frequently changing firms. Furthermore, while professional credentials can be verified through several online platforms, it’s crucial that clients find advisors they can trust and with whom they feel comfortable.
U.S. President Donald Trump’s decision to raise the H-1B visa fee to $100,000 sparked responses from Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman who expressed support for the policy given their pursuits for advanced technologies and AI. Nvidia confirmed a $100 billion investment in OpenAI as the pair look to nurture the lab’s growth.
In other news, a Trump directive to halt an offshore wind project has been overturned by a federal judge, enabling Danish renewable energy firm Orsted to resume work on the Revolution Wind farm off the coast of New England. Trump’s aim to curb the expansion of offshore wind industry in the U.S. has faced resistance, particularly where fully permitted projects are underway.
In the stock market, Oracle and T-Mobile announced new CEOs, and Pfizer revealed plans to acquire Metsera, an obesity drug developer, in a deal worth up to $7.3 billion. Additionally, stock prices surged for Nvidia and Oklo following endorsement by President Trump.
Finally, Anheuser-Busch’s Michelob Ultra has surpassed Constellation Brands’ Modelo Especial to become the best-selling beer in the U.S. This achievement reversed AB InBev’s past struggles and contrasts with Constellation Brands, who cut its forecast for the fiscal year due to pressures including tariffs and dampened demand from its Hispanic customer base.
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Disney says ‘Jimmy Kimmel Live’ will return to ABC on Tuesday
DA in ABC station shooting eyes Jimmy Kimmel suspension, Trump book and Epstein note
Nvidia’s $100 billion investment in OpenAI shows just how early we are in the AI trade
We’re adding Nike to our bullpen as the apparel brand embarks on a turnaround
These are the red flags to watch out for when picking a financial advisor, experts say
‘We need the smartest people’: Nvidia, OpenAI CEOs react to Trump’s H-1B visa fee
Trump’s order to halt offshore wind project overturned, Orsted to restart work soon
Jim Cramer’s top 10 things to watch in the stock market Monday
Michelob Ultra overtakes Modelo Especial as best-selling beer in the U.S.