Paramount Global (0VV.DU)
- PR Newswire
Play.Works Introduces "SpongeBob Bounce" to CTV
Play.Works, a leader in Connected TV (CTV) games and video content, proudly announces the launch of "SpongeBob Bounce". Available now on Roku and coming soon to leading CTV platforms worldwide, SpongeBob Bounce was developed by Play.Works under license from Paramount Game Studios, and features the beloved Nickelodeon character SpongeBob SquarePants in a free, fun game optimized for the TV screen.
- Yahoo Finance Video
Crypto under pressure, Good Buy or Goodbye: Market Domination
On today's episode of Market Domination, Hosts Julie Hyman and Josh Lipton discuss major market trends from Nvidia's (NVDA) slowdown to Novo Nordisk's (NVO) plans to expand manufacturing capabilities of its GLP-1 weight-loss drugs. As Nvidia continues on its downward trajectory after leading the S&P 500's (^GSPC) growth, B. Riley Wealth Chief Market Strategist Art Hogan believes the market can keep up its momentum without the chip giant: "I think it's a perfect example of a lot of folks being concerned that Nvidia and arguably Nvidia, Microsoft (MSFT), and Apple (AAPL) were such a big part of the 15% that the S&P 500 is higher this year on a year to date basis... But you're seeing basically three or four days where Nvidia has not been leading the charge, and the market's done very well. I think that continues throughout the second half of this year." The European Union has charged Apple under its Digital Markets Act, alleging that the tech giant's App Store practices prevent app developers from directing consumers to cheaper services. TECHnalysis Research President and Chief Analyst Bob O'Donnell believes the investigation is unlikely to conclude anytime soon, and that Apple will have to make some changes: "I do think Apple is going to have to make some tweaks, some things that they don't necessarily want to do, but at the end of the day, again, it's an important enough market that they're going to have to follow some of these requirements that the EU is putting into place. And therefore, long term, I don't think the impact is that big of a deal as far as the value of the company and the way people view the stock." Cryptocurrencies are also under pressure, with bitcoin (BTC-USD) having its worst trading day since March. Meanwhile, the health industry is making major moves, as Altimmune (ALT) reported positive results in Phase 2 trials for its weight-loss drug, a Teladoc Health (TDOC) study showed its AI models contributed to positive growth in diabetes management, and Novo Nordisk revealed plans to invest $4.1 billion in building out a manufacturing facility in Clayton, North Carolina for its GLP-1 weight-loss drugs. This post was written by Melanie Riehl
- Yahoo Finance Video
Sports has to feed into a streamer's 'ecosystem': Kevin Mayer
As streaming platforms lean heavier into ad-supported subscription tiers and live sports broadcasts, what does this mean for linear TV which has been on the decline for years? Candle Media Co-Founder and Co-CEO Kevin Mayer joins Yahoo Finance Executive Editor Brian Sozzi at the 2024 Cannes Lions International Festival of Creativity to discuss where sports streaming fits into the broader game plan for major streaming service providers. Mayer calls sports and news "the last bastion of pay TV" with the future of linear television mainly coming down to sports. "The outlook for pay television isn't great, and when sports viewers find other opportunities to watch sports, I think you'll see a continuation of that decline and a collapse, frankly, of that environment," Mayer says. "But broadcast is a bit different. That doesn't depend on pay TV to get delivered to households there in every single household. And I do think you'll just see a different type of programming coming on there." Mayer's resume also includes his tenure as the CEO of TikTok, COO of the popular app's parent company ByteDance, and the chairman of Disney's (DIS) Direct-to-Consumer & International segment. Watch Brian Sozzi's full interview with Kevin Mayer, and keep up to date with Yahoo Finance's coverage of this year's Cannes Lions International Festival of Creativity. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
