La vendita allo scoperto per News dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di News. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

News (NASDAQ:NWS) Azioni, Report sulle vendite allo scoperto

News

News Corporation is a diversified media conglomerate with significant presence in the us, the UK, and Australia. Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. Its 61%-owned REA Group is the dominant property listings business in Australia. In addition, it owns Harper Collins, one of the largest book publishers in the world, and has a sizable us digital property advertising business, Move. An agreement has been reached to sell Foxtel, the Australian pay-TV and streaming provider in which News Corp has a 65% shareholding. The sale to global sports streaming platform, DAZN, is struck at more than 7 times Foxtel's fiscal 2024 EBITDA, equating to enterprise value of AUD 3.4.

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ESGX

News Corp cede Foxtel a DAZN in un&#39;importante transazione che ridefinisce il panorama dei media e del broadcasting.

News Corp vende Foxtel a DAZN per 2,12 miliardi di dollari

News Corp

CTF SERVICES LTD S/ADR by CTF Services Limited

CTF Services Ltd

General

Dow Jones Launches Dow Jones Risk Journal ,Premium News Product for Risk & Compliance Professionals

FiscalNote Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOTE#NYSE">NOTE</a>) shares are trading higher premarket on Monday after the company disclosed a deal to divest two portfolio companies, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43908745/fiscalnote-announces-definitive-agreement-to-divest-additional-non-core-assets-to-fuel-policy-focu" rel="noreferrer noopener">Oxford Analytica and Dragonfly</a>, from its Global Intelligence division to Dow Jones, a division of News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>) for $40 million.
The sale reflects FiscalNote's ongoing strategy to concentrate on its core Policy platform.
The net proceeds from the sale will allow FiscalNote to return capital, reducing its senior term loan<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> and enhancing its balance sheet</a>.
This move simplifies the business, minimizing complexity while boosting productivity, efficiency, and profitability.
News Corp anticipates receiving a $4 million tax <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43908747/dow-jones-to-acquire-dragonfly-intelligence-and-oxford-analytica-from-fiscalnote" rel="noreferrer noopener">benefit as part of the transaction</a>.
The transaction is expected to close in the first quarter of 2025, pending antitrust clearance in Austria and other customary conditions.
Josh Resnik, FiscalNote&#8217;s CEO &amp; President, said, &#8220;This divestiture enables us to pay down a significant portion of our senior term loan, resulting in a cumulative paydown of more than 60 percent in the past year. Beyond strengthening our financial position, this move will streamline operations, expand Adjusted EBITDA margins, and accelerate our path to positive free cash flow.&#8221;
Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal added, &#8220;The additions of Dragonfly and Oxford&nbsp;Analytica to our business will allow us to further support our customers in assessing geopolitical risks, building on the news, data, analysis and&nbsp;convening&nbsp;power we already provide through our Dow Jones Risk &amp; Compliance service and our daily news coverage.&#8221;
As of December end, News Corp held cash and <a target="_blank" href="https://www.benzinga.com//node/43509948" rel="noreferrer noopener">equivalents of $1.75 billion</a>.
Also, FiscalNote announced the engagement of John Lee, former Head of Contracts for Palantir&#8216;s U.S. Government Vertical, <a target="_blank" href="https://www.benzinga.com//node/43908843" rel="noreferrer noopener">as a Senior Strategic Advisor.</a>
Price Action: NOTE shares are up 13.3% at $1.585 premarket at the last check Monday.
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Image sourced from Shutterstock.

Asset Sales

Movers

NOTE

FiscalNote Inks $40 Million Deal To Divest Two Non-Core Assets, Reducing Debt And Sharpening Core Focus

The acquisition is expected to close in the first quarter of 2025 and is subject to regulatory approval in Austria and customary closing conditions. Dow Jones's parent company, News Corp, expects to receive a $4 million tax benefit in connection with the transaction.

NWSA

Dow Jones Agrees To Acquire Dragonfly Intelligence And Oxford Analytica From FiscalNote For $40M

Website listings and data company <a href="https://www.benzinga.com/real-estate/24/12/42462666/plan-and-budget-for-the-mid-6-range-what-homebuyers-can-expect-in-2025-according-to-realtor-com">Realtor.com</a> is the latest high-profile Californian-based company to relocate to Texas. In moving from Santa Clara to <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">Austin</a>, alarm bells sounded in Silicon Valley as it lost another high-profile tech business to the Lone Star state.
&#8220;With the move, the company has made Austin its top hiring location and has committed to the long-term growth of its team and office footprint in Texas,&#8221; Realtor.com <a href="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2024/q4/us-reports/office/austin_americas_marketbeat_office_q42024.pdf?rev=f81f4e5596c0434ea30b73c9c4a80aa6">announced</a> on Feb. 6, adding that the area&#8217;s affordable cost of living, &#8220;aspirational lifestyle,&#8221; and &#8220;expansive tech and academic communities&#8221; make it an ideal home base.
Realtor.com is a unit of News Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA)).
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<h2 class="wp-block-heading">Affordability And Lifestyle</h2>
In conjunction with the move, and in a blow to Californian prestige, Realtor.com said: &#8220;Austin and Texas offer a strong and growing talent pool, a powerhouse economy with unparalleled housing growth, affordability of living only matched by its aspirational lifestyle, expansive tech, and academic communities, and a dynamic and vibrant city at the heart of the thriving state of Texas. There is no better place for us to call home.&#8221;
It continued: &#8220;Over the coming years, we are committed to growing our presence by hiring great local talent and by bringing new recruits to Texas. Basing Realtor.com in Texas puts our company at the heart of innovation and inspiration at a moment of national economic renaissance for America. We are proud to be housed in a state which understands the crucial role played by business in providing opportunities for personal growth, professional success and community achievement. Our investment in Austin is a downpayment on The American Dream.&#8221;
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-y2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
Realtor.com's announcement<a href="https://www.wsj.com/business/energy-oil/chevron-to-leave-california-for-texas-as-regulations-mount-in-golden-state-d58e170c"> </a>echoed oil major Chevron's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) last year that it would move to Texas from California. The company is now based in Dallas.
&#8220;We believe California has a number of policies that raise costs, that hurt consumers, that discourage investment, and ultimately, we think that&#8217;s not good for the economy in California and for consumers,&#8221; Chevron CEO Mike Wirth <a href="https://www.wsj.com/business/energy-oil/chevron-to-leave-california-for-texas-as-regulations-mount-in-golden-state-d58e170c">told The Wall Street Journal</a> in August.
<h2 class="wp-block-heading">A Deluge Of Companies Leaving California For Texas</h2>
<a href="http://realtor.com/">Realtor.com</a> joins a deluge of companies that have traded the Golden State for the Lone Star State. These include Chevron, SpaceX, X, Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , and <a href="https://www.benzinga.com/insights/options/25/02/43597329/unpacking-the-latest-options-trading-trends-in-charles-schwab">Charles Schwab</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NASDAQ">SCHW</a>).&nbsp;
Recently, Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg moved trust and safety workers to Texas and is reportedly exploring <a href="https://www.wsj.com/tech/meta-incorporation-texas-delware-f06e8bab">moving the social-media giant&#8217;s legal residence</a> to the state. Smaller but high-profile companies, such as TV chef<a href="https://www.businessinsider.com/gordon-ramsay-moves-restaurant-hq-california-texas-2021-12"> Gordon Ramsay&#8217;s restaurant business</a> also made headlines by moving to Texas from California.
See Also: Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
<a href="https://www.concordia.edu/blog/19-corporations-and-businesses-fleeing-california-for-texas.html">Other large companies</a>, including CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>), Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>), Hewlett Packard Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and Pabst Brewing Company, have moved to Texas in recent years, according to Concordia University.
<h2 class="wp-block-heading">Population Surge</h2>
Aside from differing politics, many companies cite the cost of living, affordable land, and lack of state income taxes as drivers for the move. Texas&#8217;s population increased by 1.6% in the year to July 2022, <a href="https://www.newsweek.com/why-americans-are-fleeing-democratic-states-1795292">Newsweek reported</a>, citing Census Bureau data. Over the same period, California decreased by 0.3% and New York by 0.9%.&nbsp;
<a href="https://www.bloomberg.com/news/articles/2025-02-06/realtor-com-leaves-california-to-set-up-headquarters-in-texas">Bloomberg reported</a> that Realtor.com has around 60,000 square feet in its Austin headquarters, and some workers who used to be based out of Santa Clara have been instructed to work remotely. However, according to commercial real estate brokerage <a href="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2024/q4/us-reports/office/austin_americas_marketbeat_office_q42024.pdf?rev=f81f4e5596c0434ea30b73c9c4a80aa6">Cushman &amp;&nbsp; Wakefield</a>, Austin&#8217;s construction boom has resulted in office vacancies of nearly 30%.
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ORCL

SCHW

TSLA

Realtor.com Leaves California To Set Up Base In Texas —  It's Just One Of Many Companies Leaving The West Coast

News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.31 by 6.45 percent. &nbsp;The company reported quarterly sales of $2.24 billion which beat the analyst consensus estimate of $2.17 billion by 3.07 percent. This is a 13.38 percent decrease over sales of $2.59 billion the same period last year.

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Earnings Beats

News Q2 2025 Adj EPS $0.33 Beats $0.31 Estimate, Sales $2.24B Beat $2.17B Estimate

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Earnings Scheduled For February 5, 2025

News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>) shares are trading higher on Monday. On Sunday, the company inked a deal to sell its Foxtel Group to DAZN Group Limited for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42639259/news-corp-announces-agreement-to-sell-foxtel-to-dazn-for-enterprise-value-of-a-3-4-billion" rel="noreferrer noopener">an enterprise value</a> of roughly $2.12 billion (AU$3.4 billion).
As part of the deal, News Corp&#8217;s shareholder loans of AU$ 578 million will be fully repaid in cash at closing.
Foxtel&#8217;s debt will be refinanced and transferred, with News Corp retaining a 6% equity stake in DAZN and a seat on its Board of Directors.
Telstra Group Ltd will also sell its minority stake in Foxtel, receive repayment of A$128 million in shareholder loans, and acquire a 3% equity interest in DAZN.7x its fiscal 2024 EBITDA.
The sale of Foxtel follows a strategic and financial review by News Corp as part of its efforts to optimize its portfolio and simplify its structure.
The deal with DAZN, known for its global reach, technology, and extensive content, will further strengthen Foxtel&#8217;s position as a digital-first, streaming-focused company, with Patrick Delany continuing as CEO.
This transaction allows News Corp to sharpen its focus on key growth areas: Dow Jones, Digital Real Estate Services, and Book Publishing.
Additionally, News Corp will maintain a stake in DAZN, a rapidly growing global sports streaming platform with over 300 million viewers across 200 markets.
The transaction is expected to close in the second half of fiscal 2025, subject to regulatory approvals and other customary conditions.
From a financial reporting perspective, Foxtel will be classified as discontinued operations starting in the second quarter of FY25.
News Corp Chief Executive Robert Thomson said, &#8220;Foxtel has been transformed into a genuine digital and streaming leader in Australia, and we believe DAZN is the right owner to take the business to the next level with their technological capabilities, global footprint and compelling sports rights.
&#8221;This transaction also allows News Corp to focus on our other growth pillars of Dow Jones, Digital Real Estate and Book Publishing, while benefiting from repayment of our shareholder loans and an improved credit profile.&#8221;
Shay Segev, DAZN&#8217;s Chief Executive Officer, added, &#8220;Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport.&#8221;
As of September 30, NWS&#8217;s cash and cash <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41824310/news-corporation-reports-first-quarter-results-for-fiscal-2025" rel="noreferrer noopener">equivalents stood at $1.78 billion</a>.
Investors can gain exposure to the stock via ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>).
Price Action: NWS shares are up 0.36% at $30.81 at the last check on Monday.
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News Corp Sells Foxtel to DAZN for $2.12 Billion, Retains Stake in Global Sports Streaming

News Corporation ("News Corp" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA: ASX: NWS, NWSLV)) announced today that it has entered into a definitive agreement for the sale of Foxtel Group ("Foxtel") to DAZN Group Limited ("DAZN"), a premier global sports streaming platform.
Under the terms of the agreement, shareholder loans in the amount of A$578 million outstanding and owing to News Corp will be repaid in full in cash at closing. Foxtel's current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on its Board of Directors. Telstra Group Ltd ("Telstra") will also sell its minority interest in Foxtel, have its shareholder loans of A$128 million repaid, and take a minority stake in DAZN of approximately 3%. The proposed transaction values Foxtel at an enterprise value of A$3.4 billion, representing more than 7x fiscal 2024 Foxtel EBITDA.

News Corp Announced Agreement To Sell Foxtel To DAZN For Enterprise Value Of A$3.4B

Rupert Murdoch's attempt to change the billion-dollar family trust to favor his eldest son, Lachlan, <a href="https://www.benzinga.com/topic/fox-news">hit a roadblock</a>. 
What Happened: In a ruling that reads like an episode of &#8220;Succession,&#8221; Commissioner Edmund J. Gorman Jr. essentially threw cold water on Murdoch's trust fund shuffle.
According to the <a href="https://www.nytimes.com/2024/12/09/business/media/rupert-lachlan-murdoch-family-trust.html?campaign_id=190&amp;emc=edit_ufn_20241209&amp;instance_id=141779&amp;nl=from-the-times&amp;regi_id=136109156&amp;segment_id=185282&amp;user_id=e415429009fa21c5b8b4141c24d72bca">New York Times</a>, Gorman&#8217;s scathing critique of Murdoch came across in a 96-page document. The plan to "permanently cement Lachlan Murdoch's executive roles" inside the family&#8217;s media empire seemed like a "carefully crafted charade," Gorman wrote.
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Murdoch reportedly planned to amend the family trust, potentially solidifying Lachlan&#8217;s role in overseeing Fox News and its editorial direction.
The problem? Fairness. The trust, as it stands, gives equal control to Murdoch's four oldest children: Lachlan, James, Elisabeth, and Prudence. 
While Lachlan currently holds the roles of executive chairman and CEO of Fox Corporation and chairman of News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), he does not have full control of the company.
Murdoch's other children — James, Elisabeth and Prudence — reportedly oppose the trust amendment. They&#8217;re also believed to be less conservative than Lachlan, per <a href="https://www.theguardian.com/media/2024/dec/09/rupert-murdochmedia-empire-children">The Guardian</a>.
Why It Matters: Murdoch, 93, a billionaire media mogul known for his role in shaping modern cable programming, faces a high-profile legal ruling that some see as a significant setback.
The Murdoch media empire extends beyond Fox News to include The Wall Street Journal and The New York Post, which are often characterized by their conservative editorial stances.
While <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41034849/fox-stock-thrives-on-sports-politics-strategy-analyst-says-it-will-weather-secular-">good for ratings</a> and readership, that take has cost Murdoch millions in legal penalties.
Recall last year when Fox had to pay a <a href="https://www.benzinga.com/news/23/04/31870703/fox-dominion-reach-787-5m-settlement-in-defamation-case-over-2020-presidential-election-falsehoods" target="_blank" rel="noreferrer noopener">record $787.5 million settlement </a>in a defamation lawsuit from Dominion Voting Systems. Murdoch and company defended against allegations that they made false claims about the 2020 election.
What&#8217;s Next: The family squabble is unlikely to end soon, as Murdoch's lawyer, Adam Streisand, has promised to appeal.
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Image: Shutterstock

Entertainment

Legal

Media

Murdoch Succession Plan Faces Setback As Commissioner Rejects Eldest Son's Control

Dow Jones today announced it has acquired&nbsp;WorldECR, an industry-leading provider of news, data and analysis on global export control and trade sanctions. This is the latest in a series of investments and acquisitions aimed at bolstering Dow Jones's portfolio of specialized news, data, analysis and events for business users.
Based in London, WorldECR serves compliance professionals from corporations, law firms, governments, professional services, research and financial institutions. Its flagship operations include subscription-based specialist trade publications <a href="https://www.worldecr.com/">WorldECR</a> and <a href="https://exportcompliancemanager.com/">Export Compliance Manager</a> as well as an extensive collection of practitioner guides and the annual WorldECR Forum, which takes place in London and Washington D.C each year. Its portfolio also includes CtrlAtlas, a dynamic database of export control regulations and guidance from around the world.
WorldECR will operate as part of <a href="https://www.dowjones.com/professional/risk">Dow Jones Risk &amp; Compliance</a>, enhancing Dow Jones's existing product portfolio with world-class editorial coverage and marquee events to help customers navigate the increasingly complex trade compliance landscape.
This acquisition comes at a time of continued growth and expansion for Dow Jones Risk &amp; Compliance. In its first quarter earnings for fiscal 2025, revenues grew 16% to $81 million. Dow Jones also recently announced it has expanded its ownership stake in <a href="https://www.dowjones.com/press-room/">Ripjar</a>, a global data intelligence software provider, underscoring its ongoing commitment to becoming a leading information service provider for the growing risk and compliance community. Earlier this year, the company also acquired <a href="https://www.dowjones.com/press-room/dow-jones-acquires-a2i-systems/">A2i Systems</a>, a world leader in AI-powered fuel pricing solutions.

Dow Jones Acquires WorldECR To Enhance Editorial Coverage For Global Compliance Community; No Financial Terms Disclosed

News Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA, ASX: NWS, NWSLV))) today announced that, at its Annual Meeting of Stockholders, stockholders overwhelmingly elected the company's full slate of Directors and voted with the Board's recommendations on all proposals, including convincingly defeating the non-binding proposal to adopt a recapitalization plan that would eliminate News Corp's dual-class capital structure.
News Corp actively solicits feedback from its investors throughout the year, and values the ongoing dialogue generated by these extensive outreach efforts. We are pleased stockholders once again convincingly supported the company and the Board of Directors on all matters.
 &nbsp;

Management

News Corp Announces That, At Its Annual Meeting Of Stockholders, Stockholders Voted With The Board's Recommendations On All Proposals, Including Convincingly Defeating The Non-Binding Proposal To Adopt A Recapitalization Plan That Would Eliminate News Corp's Dual-Class Capital Structure

<a href="https://www.bloomberg.com/news/articles/2024-11-19/microsoft-signs-ai-learning-deal-with-news-corp-s-harpercollins">https://www.bloomberg.com/news/articles/2024-11-19/microsoft-signs-ai-learning-deal-with-news-corp-s-harpercollins</a>
&nbsp;
<a href="https://www.bloomberg.com/quote/MSFT:US">Microsoft Corp.</a> reached a deal with <a href="https://www.bloomberg.com/quote/NWSA:US">News Corp.</a>'s HarperCollins that will allow the software company to use nonfiction titles from the book publisher to train its artificial intelligence models, according to a person familiar with the matter.
Microsoft wants the HarperCollins books for a model that it hasn't yet announced, according to the person, who asked not to be identified discussing plans that aren't public. The company isn't planning to use the content to generate new books without human authors, the person said. Microsoft declined to comment.

MSFT

'Microsoft Signs AI-Learning Deal With News Corp's HarperCollins; Nonfiction Books Will Be Used For Training AI Models; AI Companies And Publishers Have Butted Heads In Lawsuits' - Bloomberg News

Dow Jones announces GenAI content licensing agreements with thousands of sources worldwide &nbsp;
NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Dow Jones today announced the launch of Factiva Smart Summary, a new feature in its business intelligence platform, as the company continues to infuse generative AI (GenAI) into its professional product suite. The move heralds a new era for Factiva, transforming it into a world-class, AI-powered research tool for businesses.
Through Factiva Smart Summary, new GenAI capabilities enable corporations to retrieve concise, informative summaries that streamline research and decision-making. The outputs are fully transparent and traceable, drawing on thousands of trusted news sources that Dow Jones has licensed for specific GenAI uses.
As part of its commitment to the responsible use of AI, Dow Jones is building the world's premiere collection of full-text news articles permissioned for use with GenAI tools and applications, with licensing agreements spanning nearly 4,000 sources, 160+ countries and 29 languages–including The Associated Press, AWP Finanznachrichten AG, News Corp Australia, News UK and The Washington Post alongside Dow Jones's leading news brands The Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily, Financial News, Private Equity News and Dow Jones Newswires.

Dow Jones Announces The Launch Of Factiva Smart Summary, A GenAI Content Licensing Agreements With Thousands Of Sources Worldwide

The S&amp;P 500 index surged past the 6,000-point milestone, setting fresh record highs, and small-cap stocks are poised for their best weekly performance since April 2024 as investor optimism surrounding the &#8220;Trump trade&#8221; continued to fuel a strong risk-on sentiment by the end of a <a href="https://www.benzinga.com/markets">wild week in the market</a>. 
All major U.S. indices posted modest gains in midday trading, with the Dow Jones Industrial Average leading slightly, soaring beyond the 44,000-point mark. The blue-chip index is set for its best weekly performance in over a year.
Friday's rise in the S&amp;P 500 was powered by the utilities and real estate sectors, which had lagged post-election. Tech stocks took a breather following Thursday's rally.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 7%, pushing its weekly gains beyond 27% and propelling its market cap past $1 trillion. 
This move now places every "Magnificent Seven" tech stock in the trillion-dollar club, with the group's combined market cap topping $17 trillion.
Treasury yields held steady, while the dollar strengthened in response to the Federal Reserve's Thursday 25-basis-point rate <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41823887/powell-dismisses-talk-of-resignation-after-trump-victory-says-policy-is-still-res">cut to 4.5%-4.75%</a>.
Gold softened, eyeing its worst week since late May, as both silver and oil dropped over 2% on the day. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged up 0.8%, extending its weekly gains to over 11%, marking its best week since July.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,993.21</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,998.81</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,389.50</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,124.53</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:05 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $598.17.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.6% to $439.89.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.1% higher to $514.10.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $237.08.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, rising 1.8%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports were: 
<ul>
<li>NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>), up 0.5%, </li>
<li>Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>), up 21%</li>
<li>Arista Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NASDAQ">ANET</a>), down 7%, </li>
<li>Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), down 7.5%, </li>
<li>Motorola Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>), up 6.7%, </li>
<li>EOG Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>), up 5.9%, </li>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), up over 9%, </li>
<li>The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), down over 4%, </li>
<li>Monster Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>), up by 0.5%, </li>
<li>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), up 25%, </li>
<li>Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), down 4.4%, </li>
<li>Cloudfare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), down 6.2%, </li>
<li>Corpay Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>), up 6%, </li>
<li>Expedia Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NYSE">EXPE</a>), up over 6%, </li>
<li>Toast Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), up 13%, </li>
<li>Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), down 17%, </li>
<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), up 1.7%, </li>
<li>Insulet Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), up 12%, </li>
<li>News Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), up 3.6%, </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41848568/us-consumer-sentiment-rises-more-than-predicted-to-6-month-highs-inflation-expectations-hit-4-year-low">US Consumer Sentiment Rises More Than Predicted To 6-Month Highs, Inflation Expectations Hit 4-Year Low</a></li>
</ul>
Illustration created using artificial intelligence via Midjourney.

Sector ETFs

Markets

ETFs

$BTC

ABNB

ANET

AXON

SPDR Dow Jones Industrial Average ETF Trust

DKNG

EXPE

FTNT

MNST

PINS

PODD

TOST

S&P 500 Breaks 6,000 Points, Dow Soars Above 44,000, Small Caps Eye Strongest Week In 4 Years, Tesla Hits $1 Trillion: What's Driving Markets Friday?

Increased Minority Ownership Stake Furthers Growing Commitment to the Risk and Compliance Market
NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Dow Jones today announced it has expanded its ownership stake in Ripjar, a global leader in data intelligence software. This strategic investment reflects Dow Jones's ongoing commitment to providing leading-edge AI to the risk and compliance community. The move is the latest in a series of investments and initiatives that have helped transform Dow Jones to become a leading information service provider.
Since its founding, Ripjar has pioneered new technologies to protect financial firms and enterprises from the rising threat of money laundering, fraud, cyber crime and terrorism. Dow Jones has partnered with Ripjar since 2018 to deliver advanced risk screening and monitoring solutions to thousands of compliance customers. It first announced an equity investment in Ripjar in 2023.

Contracts

Dow Jones Announces It Has Expanded Its Ownership Stake In Ripjar; No Financial Terms Disclosed

News Corp Announced That Susan Panuccio Is Stepping Down As CFO On January 1, 2025 With Lavanya Chandrashekar Taking Over The Role

News (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwsa#NASDAQ">NWSA</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.16 by 31.25 percent. The company reported quarterly sales of $2.580 billion which beat the analystNews (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.16 by 31.25 percent. The company reported quarterly sales of $2.580 billion which beat the analyst consensus estimate of $2.565 billion by 0.60 percent. This is a 3.24 percent increase over sales of $2.499 billion the same period last year.

News Q1 2025 Adj. EPS $0.21 Beats $0.16 Estimate, Sales $2.580B Beat $2.565B Estimate

Intends to Vote in Favor of Starboard's Proposal to Collapse the Dual-Class Share Structure Because One Share Should Equal One Vote
Believes Holders of News Corp's High-Vote Class B Shares Should Receive a Substantial Premium Consistent with Recent Similar Reclassifications
Will Vote For Management Directors; Believes News Corp Management Will Take Concrete Actions to Unlock Shareholder Value
Irenic Capital Management, L.P. today announced that it has sent the below letter to the Board of Directors of News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>, NWS))):
November 5, 2024
News Corporation 1211 Avenue of the Americas New York, NY 10036
Dear Members of the Board of Directors,
We are writing on behalf of Irenic Capital Management, L.P. (together with its affiliates, "Irenic" or "we"). Irenic is one of the largest unaffiliated shareholders of News Corporation ("News Corp" or the "Company").
We write for three reasons:
<ul>
<li>First, Irenic intends to vote in favor of Starboard Value LP's ("Starboard") proposal to recommend the News Corp Board of Directors (the "Board") eliminate the Company's dual-class share structure. We agree with Starboard that such structures are outmoded and run afoul of fundamental corporate governance principles and are destructive of market value. One share should equal one vote.</li>
<li>Second, while we support Starboard's proposal, we believe that when a dual-class share structure has been in-place for a long period of time, as it has been at News Corp, the high-vote stockholders should receive consideration for converting to a best-in-class corporate governance structure that benefits all stockholders. Paying a premium to high-vote stockholders is consistent with recent reclassifications:</li>
<li>In Constellation Brands, Inc. (2022) high-vote shareholders were paid a 26.5% premium.</li>
<li>In Forest City (2016) high-vote shareholders were paid a 31.0% premium.</li>
<li>In Hubbell Incorporated (2015) high-vote shareholders were paid a 28.3% premium.</li>
<li>We believe paying a substantial premium for the News Corp Class B Common Stock to convert to a single-share structure is appropriate – and encourage the Board and Starboard to work cooperatively to arrive at a fair value.</li>
<li>Third, our support for collapsing the dual-class share structure is not a reflection of our displeasure with management's efforts to unlock value at News Corp. While this process has taken longer than most similar processes, we do believe management is working earnestly to take concrete actions that will unlock immediate value and position News Corp's excellent, but separate, franchises, Dow Jones and REA, for long-term success.</li>
</ul>
Thank you for your consideration.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Adam Katz</td>
<td colspan="1" rowspan="1">Andy Dodge</td>
<td colspan="1" rowspan="1">Krishna Korupolu</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Co-Founder, CIO</td>
<td colspan="1" rowspan="1">Co-Founder, Director of Research</td>
<td colspan="1" rowspan="1">Senior Analyst</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Irenic Capital To Support Elimination Of News Corp's Dual-Class Share Structure; Believes Holders Of News Corp's High-Vote Class B Shares Should Receive A Substantial Premium Consistent With Recent Similar Reclassifications; Will Vote For Management Directors; Believes News Corp Management Will Take Concrete Actions To Unlock Shareholder Value

One of the most beloved children's computer video games is getting a movie adaptation. "The Oregon Trail" is sparking an action-comedy movie featuring songs, adding to the lineup of game adaptations in the works by<a href="https://www.benzinga.com/general/entertainment/24/08/40491446/amazon-could-score-another-video-game-inspired-hit-after-fallout-new-series-adapts-pac-man-"> big studios and streaming companies.</a>
What Happened: The 1970s educational computer game "The Oregon Trail" is being adapted into a movie by Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), joining the list of video games becoming movies, including "Tetris" <a href="https://www.benzinga.com/general/entertainment/23/03/31543197/unlock-an-apple-tv-month-for-free-by-winning-at-tetris">from Apple in 2023. &nbsp;</a>
Will Speck and Josh Gordon will direct and produce the movie, <a href="https://www.hollywoodreporter.com/movies/movie-news/oregon-trail-movie-apple-1236045454/">according </a>to The Hollywood Reporter. The duo is behind films such as "Blades of Glory," "The Switch" and "Lyle, Lyle, Crocodile."
Benj Pasek and Justin Paul will produce and provide original music for the movie according to the report. The duo are part of the EGOT club, winning Emmy, Grammy, Oscar and Tony awards. Pasek and Paul have worked on the hit television show "Only Murders in the Building" and also helped with songs and soundtracks for "La La Land" and "The Greatest Showman."
Speck, Gordon, Pasek and Paul all worked together on "Lyle, Lyle, Crocodile" previously.
"The Oregon Trail" movie adaptation will feature several musician numbers, according to the report, in the same realm as "Barbie," the highly successful movie adaptation of the hit toy brand.
Apple won the film pitch from the team working on adapting the movie and the film remains in the early stages according to the report.
HarperCollins, which is owned by News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), owns the rights to the video game franchise. Caroline Fraser will produce for HarperCollins Productions.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/07/40014040/apple-to-follow-netflix-disney-ad-supported-appletv-streaming-plan-could-launch-soon">Apple To Follow Netflix, Disney? Ad-Supported AppleTV+ Streaming Plan Could Launch Soon</a>
Why It's Important: Released in 1971, "The Oregon Trail" is one of the most popular and most well-known computer games of all time. The hit game has inspired mobile game versions, card games and a musical.
Many students played the game while in grade school and middle school, as it was meant to teach students about the harsh conditions and loss of life during the 19th century as settlers moved west along the Oregon Trail.
The game had players hunt, fish, buy and sell goods, and make decisions based on their route and wagon members. Some members would die along the way, including from gastrointestinal infection and dysentery.
During the game, players would occasionally be met with the words on the screen of one of their wagon members dying of dysentery, which has become a phrase associated with the game in popular culture today.
Apple has not announced whether the movie will play in theaters or be a streaming exclusive on its AppleTV+ platform.
The technology giant recently debuted "Wolfs" in a limited theatrical release ahead of a<a href="https://www.benzinga.com/general/entertainment/24/10/41172851/apple-tv-scores-biggest-streaming-movie-in-history-thanks-to-george-clooney-brad-pitt"> streaming&nbsp; premiere in September. </a>The film went on to be the most viewed movie in AppleTV+ history and boosted viewership by 30% week-over-week when added to the platform.
Apple has&nbsp;<a href="https://www.benzinga.com/24/03/37558754/apples-1b-gamble-on-3-blockbusters-analyzing-box-office-results-streaming-impact-and-oscar-nominatio" target="_blank" rel="noreferrer noopener">seen recent success&nbsp;</a>at the Academy Awards with &#8220;CODA,&#8221; which won a historic Oscar for Best Picture at the 94th Academy Awards.
Other Apple-produced movies also <a href="https://www.benzinga.com/24/03/37558754/apples-1b-gamble-on-3-blockbusters-analyzing-box-office-results-streaming-impact-and-oscar-nominatio">saw theatrical releases</a>. They include:
<ul>
<li>"<a href="https://www.boxofficemojo.com/title/tt5537002/?ref_=bo_se_r_1" target="_blank" rel="noreferrer noopener">Killers of the Flowers Moon</a>": $67.9 million domestic, $89 million international, $156.9 million global</li>
<li>"<a href="https://www.boxofficemojo.com/title/tt13287846/?ref_=bo_se_r_1" target="_blank" rel="noreferrer noopener">Napoleon</a>": $61.5 million domestic, $159.5 million international, $221 million global</li>
<li>"<a href="https://www.boxofficemojo.com/title/tt15009428/?ref_=bo_se_r_1" target="_blank" rel="noreferrer noopener">Argylle</a>": $44.2 million domestic, $48.2 million international, $92.5 million global</li>
</ul>
In total, the three movies cost around $700 million for Apple and grossed $470.4 million worldwide, according to BoxOfficeMojo.
While the box office figures didn&#8217;t break even on costs, a studio source told Variety that both &#8220;Killers of the Flower Moon&#8221; and &#8220;Napoleon&#8221; were profitable thanks to other revenue streams.
Apple has adopted a strategy of premiering its major films in theaters before offering them exclusively on its streaming platform, Apple TV+. This model helps Apple recover some of its costs and could also help the company become a staple for award shows requiring a theatrical run.
With the "Wolfs" model of going limited release and then streaming, the industry will closely watch future Apple films to see which release model the technology giant uses.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con">AppleTV+ A Streaming Winner? New Survey Shows Platform Has Smallest Library, Highest Rated Content</a></li>
</ul>
Photo: Dzintars A/Shutterstock.com

Gaming

AAPL

Apple Set To Adapt Oregon Trail Video Game Into Movie With Musical Numbers — But Hopefully No Dysentery

The Washington Post, which is owned by billionaire Jeff Bezos, is the latest newspaper to be caught up in controversy over not endorsing a political candidate in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
The newspaper announced Friday it will not endorse a candidate in the race.
What Happened: The Washington Post, which was purchased by <a href="https://www.benzinga.com/news/23/11/35617835/jeff-bezos-backed-washington-post-gets-new-ceo-former-wall-street-journal-veteran-william-lewis-take">Bezos in 2013,</a> said it will not endorse a candidate for the first time in 36 years and will not endorse candidates in future presidential races.
Washington Post publisher and CEO William Lewis made the official <a href="https://www.washingtonpost.com/opinions/2024/10/25/washington-post-endorsement/">announcement </a>Friday.
"We are returning to our roots of not endorsing presidential candidates," Lewis said.
Lewis cited the paper's 1960 editorial board decision to stop endorsing candidates, describing it as a move toward being an "independent newspaper in the Nation's Capital."
"We recognize that this will be read in a range of ways, including as a tacit endorsement of one candidate or as a condemnation of another, or as an abdication of responsibility."
Lewis said that's not the case and the newspaper has always stood for character and courage, the rule of law, and respect for human freedom. The newspaper publisher said the non-endorsement is a statement that supports readers being able to make up their own mind on the election.
"Our job at The Washington Post is to provide, through the newsroom, nonpartisan news for all Americans, and thought-provoking, reported views from our opinion team to help our readers make up their own minds."
A separate Washington Post <a href="https://www.washingtonpost.com/style/media/2024/10/25/washington-post-endorsement-president/">article </a>highlighted the announcement&#8217;s timing, occurring just 11 days before the 2024 election, which is described as too close to call. The report also noted that other newspapers have faced situations where owners blocked endorsements agreed upon by writers and editorial boards.
"An endorsement of Harris had been drafted by Post editorial page staffers but had yet to be published," the article reads.
The decision not to publish the endorsement of Kamala Harris was made by "The Post's owner – Amazon founder Jeff Bezos," sources told the Washington Post writer.
The article said the decision not to make an endorsement "has roiled many on the editorial staff, which operates independently from The Post's news staff."
Washington Post editor-at-large Robert Kagan, who has been critical of Trump in the past, resigned from the editorial board in response to the decision, according to <a href="https://www.npr.org/2024/10/25/nx-s1-5165353/washington-post-presidential-endorsement-trump-harris">NPR</a>.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The Washington Post's decision not to endorse a candidate in the 2024 election follows a similar move by the Los Angeles Times, owned by billionaire Patrick Soon-Shiong.
The Los Angeles Times had planned an endorsement of Harris that was blocked by Soon-Shiong. The decision led to backlash from readers and the resignation of editorials editor Mariel Garza.
Soon-Shiong said he wanted the editorial board to instead offer readers a side-by-side comparison of Donald Trump and Harris' policies.
Both Soon-Shiong, who is the Executive Chairman of Immunity Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>), and Bezos have interests in companies that the federal government could impact under whoever wins the 2024 election. Reports say both could be worried about endorsing Harris and being retaliated against if Trump wins.
On Friday, the New York Post, which is owned by News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), <a href="https://nypost.com/2024/10/25/opinion/the-post-endorses-donald-trump-for-president-the-clear-choice-for-a-better-future/">endorsed </a>Trump for president.
The paper cited a secure border, low-tax economy, common-sense policies, safer cities, and a country feared by enemies globally as reasons for the endorsement of Trump.
"If history is any guide, the track records of the last two administrations provide a clearly comparable record," the paper wrote.
The paper calls Donald Trump "the right choice" for the 2024 election.
The newspaper company is owned by Rupert Murdoch, who also owns Fox News, and has often <a href="https://www.benzinga.com/news/legal/24/09/40881529/rupert-murdochs-family-court-battle-over-fox-control-mirrors-succession-drama">been a supporter </a>of Trump.
Read Next:
<ul>
<li>You may not be a billionaire like Jeff Bezos, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/real-estate/reit/24/10/41549488/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a></li>
</ul>
Photo: Shutterstock

Politics

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