Stock Market Nerd – Market Headlines – August 10, 2024
Snowflake ($SNOW) is looking to partner with GenAI darling Cohere to add more large language model (LLM) options for developers on the platform.
Delta ($DAL) is “pursuing legal claims” from CrowdStrike ($CRWD) and Microsoft ($MSFT) for the $500 million in losses it incurred from the outage. Delta refused help from Microsoft and CrowdStrike, according to the two companies.
Meta ($META) raised another $10.5 billion in debt. The deal was done in 5 tranches with maturities ranging from 2029 to 2064 and interest rates ranging from 4.3% to 5.55%.
Disney ($DIS) may have to pay an additional $5 billion for Hulu. Deadpool and Wolverine passed the firm’s best 2023 release (Guardians of the Galaxy Volume 3) in box office sales just 11 days into release.
Alphabet ($GOOGL) lost its antitrust lawsuit on search. Payments made to Apple to be the default search engine were a focal point of the ruling. It will have its antitrust ad-tech case heard next month.
