The Writers Guild of America (WGA) reached a tentative deal with studios. Hollywood writers still have to vote on the deal's accommodations. U.S. lawmakers struggle to reach a majority consensus on passing a new federal budget before September 30 or face a government shutdown. Amazon (AMZN) is making its move into the artificial intelligence landscape, reportedly investing as much as $4 billion into AI startup Anthropic. Yahoo Finance's Brad Smith and Seana Smith highlight several of the morning's top stories, live from the Nasdaq MarketSite. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A deal would put an end to some of the uncertainty media stocks have been facing amid Hollywood's double strike.
(Bloomberg) -- Amazon.com Inc. will invest as much as $4 billion in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesChinese Gold Buying Is Driving a Paradigm Shift in BullionIndia-Canada Clash Should Be a Wake-Up CallBonds Resume Selloff as Hawkish Fed Talk Sinks In: Markets Wra