A tentative agreement to end the Hollywood writers’💙 strike sent shares of media companies higher and Amazon is investing $4 billion in OpenAI rival Anthropic. Here’s what investors need to know today.

1. Media Stocks Move Higher After Tenta꧃tive Agreement to End Writers’ Strike

Shares of major media companies moved higher in pre-market trading after a tentative agreement was reached with the Hollywood writers’ union that would end a five-month strike that brought several productions to a standstill. In statements Sunday, both sides said an agreement had been reached, though neither provided details. WarnerBros Discovery (WBD) shares shot up 3.6% in the pre-market, while  Paramount (PARA) shares jumped nearly 3%, Netflix (NFLX) shares gained 1.3%, and Walt Disney Company (DIS) shares moved up 1%.

2. Amazon Invests in OpenAI Rival Anthropic

Amazon shares (AMZN) were up 0.5% in pre-market trading after the online retailer announced it would invest up to $4 billion in artificial intelligence company Anthropic. The company’s Claude 2 chatbot is a rival of 澳洲幸运5开奖号码历史查询:OpenAI’s ChatGPT.

3. HP Shares Plunge as Berk♔shire Hathaway Continues Selloff

Shares of computer-maker HP (HPQ) fell 2.4% in pre-market trading after 澳洲幸运5开奖号码历史查询:holding company Berkshire Hathaway sold off additional shares of the company. The firm headed by 澳洲幸运5开奖号码历史查询:Warren Buffett sold 4.8 million shares of HP in recent days, worth about $130 million, which follows the sale of about 5.5 million shares of HP in mid-September.

4. Canadian Auto Workers Approve Agre💞ement With🥀 Ford

The union representing Canadian auto workers voted to approve an agreement with Ford (F) that will result in a 15% pay increase for the nearly 5,600 workers at Ford facilities in Canada. The agreement with the Unifor union in Canada comes as 澳洲幸运5💎开奖号码历史查询:Ford and the other Detroit auꦑtomakers deal with an on𝔍going strike from the U.S. United Auto Workers union. Shares of Ford traded lower by nearly 0.2% in pre-market trading.

5. Instacart Shares Fall as Analysts Raise Worries on Grꦗowth

Shares of Instacart (CART) fell 2.5% in pre-market trading after analysts for BTIG issued coverage of the stock, assigning it a rating of “Neutral” without assigning it a price target, which followed a “Hold” rating from a Needham analyst earlier in the week on worries of slow growth and competition. Instacart traded at more than $42 last week 澳洲幸运5开奖号码历史查询:after going public with an 澳洲幸运5开奖号码历史查询:initial public offering (IPO) price of $30, with shares falling below that price in the pre-market.