American Airlines Rolls Out Technology to Discourage Boarding Line Cutting

American Airlines (NASDAQ: AAL) is rolling out new technology to discourage passengers from trying to board their flight before their boarding group is called. Using new technology in more than 100 non-hub airports across the United States as of Wednesday, travelers who scan a boarding pass before their group is call will hear a two-note sound and be asked to return to their gate's waiting area. The company also plans to expand the boarding technology to more hubs over the near-term. American Airlines currently has nine boarding groups, prioritizing early boarding for first-class and frequent flying passengers. The airline expects 8.3 million passengers to fly on their planes between Nov. 21 and Dec. 3, an increase of 500,000 travelers compared to the Thanksgiving travel period of last year.

CVS Health, UnitedHealth, Cigna Sue to Block FTC Case Over Insulin Prices

CVS Health (NYSE: CVS), UnitedHealth Group (NYSE: UHG) and Cigna (NYSE: CI) sued the U.S. Federal Trade Commission (FTC) on Tuesday, claiming that the agency's lawsuit against drug supply chain middlemen over insulin prices is unconstitutional. In September, FTC sued CVS's Caremark, Cigna's Express Scripts and UnitedHealth's Optum Rx, accusing the pharmacy benefit managers of using a rebate system to boost their profits while inflating insulin costs. The new complaint alleges that the FTC's in-house administrative process violates the companies' due process rights under the Fifth Amendment of the U.S. Constitution, and further claims that the agency's suit must be litigated in federal court. "This sweeping attempt to reshape an entire industry via law enforcement would never pass muster in a U.S. district court," the companies' complaint said.

Netflix Says 60 Million Global Households Streamed Paul, Tyson Boxing Match

Netflix (NASDAQ: NFLX) said more than 60 million households worldwide tuned into its live-streamed boxing match between social media star Jake Paul and boxing veteran Mike Tyson on Friday, making is a "record breaking night," for the streaming giant. The match, which was held at AT&T Stadium in Texas, also tested Netflix's server capacity, as downdetector recorded more than 100,000 complaints of Netflix streaming issues throughout the event, Bloomberg News reports. "This unprecedented scale created many technical challenges," Chief Technology Officer Elizabeth Stone told employees, quoted by Bloomberg's Mark Gurman on X, formerly Twitter. "We don't want to dismiss the poor experience of some members, and know we have room for improvement, but still consider this event a huge success."

Elon Musk Amends OpenAI Lawsuit, Names Microsoft as Defendant

Elon Musk filed an amended complaint against OpenAI late Thursday, adding new defendants, including Microsoft (NASDAQ: MSFT), LinkedIn co-founder Reid Hoffman, and former OpenAI board member and Microsoft VP Dee Templeton, arguing that the AI start-up is "actively trying to eliminate competitors," by "extracting promises from investors not to fund them." The suit also alleges that OpenAI is unfairly benefiting from Microsoft's infrastructure and expertise. The new complaint, which builds on Musk's previous lawsuits against OpenAI, which he claimed he had been defrauded, also added new plaintiffs -- Neuralink executive and former OpenAI board member Shivon Zilis and Musk's own AI company xAI. Musk, one of the original founders of OpenAI, left the company in 2018 after disagreements about the company's direction; OpenAI was originally established as a nonprofit to research and develop AI technology to benefit humanity.

Google Launches Gemini iOS App

Google (NASDAQ: GOOGL) (NASDAQ: GOOG) launched a dedicated app for its artificial intelligence assistant Gemini on iOS (NASDAQ: AAPL) globally on Thursday. Before the roll out, iOS users had to use the Google app or mobile web to access the AI chatbot. The Gemini iOS app supports text or image-based prompts in 35 languages, and offers voice conversions through its Gemini Live feature in 12 languages including English, French, Spanish, German, Hindi, Portuguese, Italian, Arabic and Japanese. Users can also generate images through Gemini's Imagen 3 model and ask Gemini questions about information related to other Google accounts, like latest emails on Gmail, directions through Maps, requesting a song to launch YouTube Music and posting meeting details to Calendar.

Amazon Launches Discount Storefront 'Amazon Haul'

Amazon (NASDAQ: AMZN) launched a new storefront to better compete with discount rivals like PDD Holdings' (NASDAQ: PDD) Temu, Shein and ByteDance's TikTok Shop on Wednesday, offering apparel, electronics and other consumer goods priced below $20. Accessible through the company's mobile app, Amazon Haul offers a wide range of goods and shipping fees ranging from $3.99 or free for orders above $25. "Finding great products at very low prices is important to customers, and we continue to explore ways that we can work with our selling partners so they can offer products at ultra-low prices,” said Dharmesh Mehta, vice president of worldwide selling partner services at Amazon, in a statement. “It’s early days for this experience, and we’ll continue to listen to customers as we refine and expand it in the weeks and months to come.”

Tesla Issues Sixth Cybertruck Recall

Tesla (NASDAQ: TSLA) is recalling 2,431 Cybertrucks to replace defective drive investors, the National Highway Traffic Safety Administration (NHTSA) posted in a public notice on Wednesday, marking the company's sixth recall of the model since it went on sale about a year ago. This latest recall will require the company to replace the driver inverter, which provides power to the wheels of the vehicle. "If the inverter stops producing torque, the driver loses the ability to apply torque to the vehicle using the accelerator pedal resulting in a loss of propulsion, which may increase the risk of a collision," Tesla wrote in a statement. Tesla is also facing four NHTSA investigations into the possible safety defects of its vehicles, notably a probe into whether it's driver assistance system, called Full Self-Driving Supervised," is safe to operate in reduced visibility conditions.

IAC Considers Home Improvement Platform Angi Spinoff

IAC (NASDAQ: IAC) said Monday it is exploring a spinoff of its online platform Angi (NASDAQ: ANGI), which connects consumers with a marketplace of home improvement service providers in their area. The holding company's CEO Joey Levin wrote in a letter to shareholders that the possible transaction would result in its Angi stake being distributed to shareholders. "With the considerable progress made and developments on the horizon, we have real upside in the business," Levin wrote. "Angi's economic foundation continues to strengthen, and we suspect that Angi's best shot at realizing that upside to the benefit of our shareholders may be as a standalone company. Levin added that Angi is "healthy, profitable and on a path to resume revenue growth." IAC has a history of buying businesses and then spinning them off into separate companies, examples including Expedia (NASDAQ: EXPE) and Ticketmaster (NYSE: LYV).

Block 'Winding Down' Bitcoin Unit

Block (NYSE: SQ) CFO Amrita Ahuja told analysts during the company's earnings call on Thursday that the payments company is "winding down our TBD efforts," referring to its bitcoin business unit. Block still owns a large amount of bitcoin on its balance sheet, with its current value increasing to $630 million during its third-quarter. The company said it now plans to invest invest in a bitcoin mining initiative and its bitcoin wallet, Bitkey, and will continue to allow users to buy bitcoin through Cash App. "What we're focused on it terms of our strategy overall on bitcoin is making it more accessible, making sure that more people can access bitcoin, buy, sell it, obviously, but also send it peer-to-peer," CEO Jack Dorsey told analysts on the same call, when asked about the company's current crypto strategy.

Fed Chair Powell Says He Will Not Step Down is Trump Asks For Resignation

Federal Reserve Chair Jerome Powell said Thursday he will not step down if President-elect Donald Trump requests his resignation, telling reporters it is "not permitted under the law," for a president to fire or demote him. Investors are closely watching Trump's relationship with Powell, as Trump told Bloomberg News in an interview last month that the president should have some say on interest rate decisions. Powell said that in the near term, "the election will have no effects on our policy decisions," though the next administration's policies could impact the central bank's effect to maintain maximum employment while stabilizing prices. "It's such an early stage," Powell said. "We don't know what the policies are, and once we know what they are, we won't have a sense of when they'll be implemented." Powell's term, which began in 2017 when Trump appointed him, ends in 2026.

Lyft Partners with May Mobility, Mobileye, Nexar to Provide Driverless Vehicles

Lyft (NASDAQ: LYFT) announced three separate partnerships -- start-up May Mobility, Intel-owned (NASDAQ: INTC) autonomous driving company Mobileye, and smart dashcam maker Nexar -- as the ride-hailer looks to tap into the emerging autonomous vehicle market. The company said it signed a deal with May Mobility to launch autonomous vehicles on the Lyft app starting in Atlanta, Georgia in 2025. This is May's first ride-hailing partnership, with CEO Edwin Olson expecting the deal to "open up new markets for us to operate in, granting greater mobility to more people, more quickly." Lyft's partnership with Mobileye will also add certain driverless vehicles to the ride-hailing app, while Nexar will provide better insights to train autonomous driving systems.

U.S. Election Anxiety Prompting Americans to 'Doom Spend,' Survey Finds

The U.S. presidential election, and its accompanying anxiety, is prompting consumers to "doom spend," or increase shopping habits despite concerns over the future economy, according to a new report by Intuit Credit Karma. About 27% of those polled say they are spending more impulsively in response to existential worries, largely impacting younger generations with 37% of Gen Zers and 39% Milleninnials polled. Top concerns among doom spenders include the cost of living (55%), inflation (43%), and the presidential election (28%), according to the survey. Moreover, 36% of those polled say they can't rationalize saving money due to feelings of uncertainty about the would and the economy, increasing to 47% of Gen Zers and 43% of Millennials. Half of Americans surveyed said spending helps relieve stress, with men being twice as likely than women to stress spend in response to bad news online (48% versus 23%).

Amazon Launches AI Recaps of Prime Video Content

Amazon (NASDAQ: AMZN) announced the launch of "X-Ray Recaps," to its Prime Video platform on Monday, with the generative AI-feature creating summaries of shows ranging from entire seasons to parts of episodes without revealing major plot points or spoilers. The feature expands Prime's existing X-Ray offering, which displays information about the media like the cast on the screen when paused. "With the creation of X-Ray Recaps, we're directly addressing a common problem customers face when streaming content: forgetting where they left off," said Adam Gray, vice president of product at Prime Video, in a blogpost. Recaps can be found on a TV show's detail page, where a new rewind options will allow users to recap the current episode, the entire season, or the previous season. The feature its currently in beta and is only available to U.S. Fire TV users with additional roll outs planned for the end of the year.

OpenAI Launches ChatGPT Search, Direct Competitor to Google

OpenAI launched ChatGPT search on Thursday, offering its answer to a market dominated by Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and Microsoft's (NASDAQ: MSFT) Bing. The artificial intelligence start-up's search engine allows users to access up-to-date news, stock quotes, sports scores, weather and more, according to the company, powered by partnerships with news and data providers. Unlike Google Search, which can often require multiple searches to find quality sources of information, ChatGPT search responds to user queries in a conversational way, answering follow-up questions and providing full context to offer a better answer. "ChatGPT search promises to better highlight and attribute information from trustworthy news sources, benefiting audiences while expanding the reach of publishers like ourselves who produce premium journalism," said Pam Wasserstein, president at Vox Media, in a release.

Novo Nordisk's Ozempic, Wegovy Now Available in the U.S., FDA Update

Novo Nordisk's (NYSE: NVO) blockbuster weight loss injection Wegovy and diabetes drug Ozempic are now fully available in the United States, an update to the U.S. Food and Drug Administration's drug shortage database showed Wednesday. This comes as the Danish drugmaker worked to increase the supply of the high-demand drugs in recent weeks, attributing the FDA's update to significant investments in its manufacturing capacity and "ongoing communication" with the regulatory agency. The update also increases the likelihood that the drug could be removed from the FDA's shortage list in the near-future. "Our intentional approach to gradually increase supply into the U.S. market is working," the company said in a release. "We will continue to prioritize continuity of care for patients, closely monitoring market dynamics and prescribing trends along the way."

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