00:00 Speaker A
Beta Technologies, Warner Brothers Discovery and Estée Lauder, starting with Beta Technologies here, securing a $1 billion 10-year deal with Eve Air mobility for Eve to be to be buying motors from Beta.
00:15 Speaker A
Beta shares jumping on the news. The stock is down over 16% since they debuted on the New York Stock Exchange just last month.
00:25 Speaker A
As EVTOL companies await FAA approval and potential government contracts.
00:32 Speaker A
Next, Warner Bros Discovery trading at a 52-week high as the company fields bids from its biggest media rivals, Paramount Skydance, Netflix and Comcast have all put in their second round of offers.
00:49 Speaker A
Netflix submitting a mostly cash bid for WBD’s entertainment and streaming business, according to the Wall Street Journal.
00:57 Speaker A
Comcast also just interested in parts of the company, namely the studios and streaming service.
01:04 Speaker A
Meanwhile, PSKY is going for the whole thing with an offer backed by three Middle Eastern wealth funds. That’s according to variety.
01:16 Speaker A
Finally, beauty company Estée Lauder, they have created an AI scent advisor to make suggestions to online shoppers.
01:25 Speaker A
The AI tool is powered by Google’s Gemini models. Estée Lauder reporting that those who use the tool had double the purchase rate of those who didn’t use it.
