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AI & Enterprise

AI fear-battered stocks revive in August U.S. market rebound lineup

In August, U.S. stocks that had been weighed down by Wall Street’s bearish narratives rebounded sharply, CNBC reported. Jim Cramer said worries over AI threats, slower growth and worsening conditions were overturned by earnings and shifts in positioning. Moderna surged after reporting promising results for an experimental melanoma vaccine with Merck. Enterprise software names rebounded as a high-leverage hedge fund unwound bets. Other gainers included Gartner, Newmont, Paramount Skydance, Super Micro Computer, Sandisk and Coinbase.

AI & Enterprise

Disney Plus beta tests AI search using natural language and voice

Disney Plus is testing a new AI feature that recommends films and series using natural-language search, voice queries and recommendation prompts. The limited beta is available to selected subscribers, The Verge reported. Disney said the tool is designed to surface content that fits the moment rather than relying mainly on viewing history. Disney also reaffirmed plans to make Disney Plus the company’s digital hub and is rolling out an AI-assisted interactive search on ESPN.

Industry

EU conditionally approves Paramount takeover of Warner Bros Discovery; U.S. lawsuit remains final hurdle

The European Union has conditionally approved Paramount’s takeover of Warner Bros Discovery, requiring Paramount to unwind its joint distribution arrangement with Universal in Europe. The European Commission said the deal would have led to Warner films being distributed through Universal International Pictures, potentially worsening rental and distribution terms for cinemas and harming consumers. Paramount must exit the venture within 13 months and refrain from joint distribution with Universal for 10 years. A U.S. lawsuit and a UK review remain.