Apple Snags F1 Media Rights (And OpenAI’s $1 Trillion Problem)
Apple is finalizing a $140 million-per-year deal for Formula 1’s U.S. streaming rights, expanding its push into live sports. Ray-Ban maker EssilorLuxottica credits its partnership with Meta for strong growth, while Oracle stock rises on a new Meta cloud deal. CNN launches its new “All Access” streaming plan for $6.99 a month after the collapse of CNN+. Retail investors drive Charles Schwab’s massive earnings beat as Gen Z traders flood into the market. OpenAI faces a potential $1 trillion cost to sustain its AI infrastructure, underscoring the immense price of innovation. Praxis Precision Medicines soars 183% after positive clinical trial results for its tremor treatment. NBC News prepares to lay off over 100 employees as it splits from MSNBC. And gold reaches a new all-time high as investors seek safety amid mounting market uncertainty.
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