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☆ Stocks making the biggest premarket moves: Target, Apple, Tesla, Microstrategy and more
▼ + stars: | 2024-03-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: Target — Shares of the retailer jumped nearly 8% after a stronger-than-expected fourth-quarter report. Target generated $2.98 in earnings per share on $31.92 billion of revenue. Analysts surveyed by LSEG were looking for Target to earn $2.42 per share on $31.83 billion of revenue. Stitch Fix — Shares tumbled 13.4% a day after the online personalized styling service company reported an earnings miss for its second quarter. AeroVironment — The stock rallied nearly 18% a day after the defense company exceeded estimates for its third-quarter adjusted earnings per share and revenue.

Persons: Tesla, Microstrategy, Albemarle, GitLab, —, Jesse Pound, Lisa Han Organizations: Apple, Counterpoint Research, Reuters, Police, CNBC, Bloomberg, Department of Commerce's, of Industry, Security, Paymentus Holdings Locations: China, Berlin

☆ Premarket stocks: What ‘Super Tuesday’ means for your portfolio
▼ + stars: | 2024-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Welcome to “Super Tuesday.” Today, a whopping 16 states and territories hold primary elections. But stock market analysts say not to fret and to hold tight. Based on annualized returns for the S&P 500, stocks gained an average 13.75% during Trump’s presidency. Election year math: History shows that stocks typically gain during the fourth year of presidential terms. The S&P 500 has gained 6.2% on average during the fourth year of presidential terms since 1932, according to Yardeni Research.

Persons: ’, Edward Jones, Donald Trump, Joe Biden, Angelo Kourkafas, ” Kourkafas, Raymond James, Trump, Obama, ”, Simon Hamilton, Barack Obama, “ That’s, it’s, Hamilton, Goldman Sachs, Allison Morrow, Bitcoin, —, Simone McCarthy, Premier Li Qiang, Hong Organizations: CNN Business, Bell, New York CNN, ”, Markets, White House, Congress, CNN, Republicans, Republican, “, Research, Dow Jones, University of Cincinnati, University of Missouri, Securities and Exchange, Bloomberg, Premier, National People’s Congress Locations: New York, Washington, Hamilton, United States, China, Beijing

☆ China ‘two sessions’: Beijing sets ambitious economic growth target of ‘around 5%’ for 2024, vows to ‘transform’ economy
▼ + stars: | 2024-03-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +1 min

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Beijing CNN —China has set an ambitious economic growth target of “around 5%“ for 2024, as its leaders vowed to “transform the growth model” in the face of growing challenges. The growth rate for the budget is the same as last year’s. The gross domestic product (GDP) target and military spending are among the most closely watched figures during the opening day proceedings. The GDP target in particular is being closely monitored this year as China faces a raft of economic problems.

Persons: Premier Li Qiang, ” Li, ”, “ Organizations: Beijing CNN, Premier, National People’s Congress Locations: China, Beijing

☆ Viking Therapeutics emerges as a strong weight loss drug player — or takeover target
▼ + stars: | 2024-03-03 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

In this article VKTX Follow your favorite stocks CREATE FREE ACCOUNTCr | Istock | Getty ImagesBiotech company Viking Therapeutics has emerged as a strong potential entrant — or takeover target — in the budding weight loss drug market. Their treatments sparked the weight loss drug industry gold rush over the past year despite their hefty price tags and barriers to insurance coverage. It's too early to say whether Viking's drug could have an edge over existing or developing weight loss treatments. The pharmaceutical giant could also launch a slate of other weight loss treatments over the next few years that may have advantages over Zepbound, whether they offer more weight loss or convenience. That could give Viking the commercial and manufacturing capabilities needed to compete in the weight loss drug market.

Persons: Eli Lilly, Eli Lilly's Zepbound, Viking, Goldman Sachs, Eli Lilly’s, Brendan Mcdermid, GLP, Brian Lian, William Blair, Andy Hsieh, Hsieh, Eli Lilly's, Jefferies, Akash Tewari, doesn't, Mike Segar, Lian, William Blair's Hsieh, Oppenheimer, Jay Olson Organizations: Getty Images Biotech, Viking Therapeutics, Novo Nordisk, Reuters, Viking, Novo, U.S . Food, Drug Administration, Company, Deutsche Bank, CNBC Locations: New York City, Branchburg , New Jersey

☆ Goldman Sachs CEO David Solomon isn't so sure the US is on track to avoid a recession
▼ + stars: | 2024-02-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The US economy appears really robust — GDP grew 3.3% in the fourth quarter, the job market is strong, and stock markets are on fire. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ Is it too late to buy Nvidia shares? Here's what Wall Street says
▼ + stars: | 2024-02-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The bank increased its price target for Nvidia to $820 from $575 in a Feb. 22 note. TD Cowen said in a Feb. 21 note that the company is likely to maintain strong data center growth in the coming years. It raised its price target for Nvidia from $800 to $925. Luria only has a neutral rating for Nvidia, giving it a $410 price target — implying a 47% downside. Bottomline: According to FactSet, analysts covering Nvidia gave it a 93% buy rating, with an average price target of $850.97, implying upside of 8.4%.

Persons: Jeff Pu, CNBC's, TD Cowen, BofA, Gil Luria, D.A, Davidson, Luria, — CNBC's Michael Bloom Organizations: Nvidia, Citi, Haitong, Apple, NVIDIA, Microsoft, Google, AMD, Intel Locations: BofA

☆ Target shoppers say the store's dupes of luxury perfumes smell better than the real things
▼ + stars: | 2024-02-21 | by ( Amanda Krause | ) www.businessinsider.com time to read: 1 min

AdvertisementEveryone wants to smell rich in 2024. But not all fragrance fans are breaking the bank to do so. On TikTok, shoppers are praising Target and its line of perfumes called Fine'ry, which are said to smell exactly like famous scents from designer brands. The brand is exclusive to Target — sold both online and in stores — and its products range in price between $13 and $30 each.

Persons: Target — Organizations: Target Locations: —

☆ Germany's defense minister says NATO's 2% target is just the start: 'We'll probably need more'
▼ + stars: | 2024-02-17 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

watch nowGermany's defense minister said on Saturday that his country's commitment to spend 2% of GDP on defense was just the starting point and that more would likely be needed. Earlier in the day, German Chancellor Olaf Scholz insisted that the 2% spending target would be met "in the 2020s, in the 2030s and beyond." However, Boris Pistorius, Germany's federal minister of defense, stressed that spending 2% was always designed to be a minimum. This year, 18 of 31 NATO members are expected to reach the target — up from just three in 2014. Pistorius cited growing geopolitical tensions around the world, including in Europe, the Indo-Pacific and Africa, as the reason he expects defense spending to increase.

Persons: Olaf Scholz, Boris Pistorius, Pistorius, Donald Trump, Julia Nikhinson Organizations: CNBC, Munich Security, Afp, Getty, NATO Locations: Conway , South Carolina, Russia, Europe, Pacific, Africa

☆ Sea drones are being used to smash Russia's navy, and now they're being used to attack a US aircraft carrier too
▼ + stars: | 2024-02-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Multiple sea drones have been launched at the USS Dwight D. Eisenhower in the last weeks. The use of cheap sea drones has been pioneered, to considerable success, by Ukraine. The aircraft carrier USS Dwight D. Eisenhower (CVN 69) transits the Atlantic Ocean during Carrier Air Wing (CVW) 7's fly-off. AdvertisementUS forces have encountered Houthi sea drones amid commercial shipping on at least three occasions, specialist outlet the Maritime Executive reported. The emergent technology of sea drones has been largely pioneered — with considerable success — by Ukraine against Russia's Black Sea Fleet.

Persons: Dwight D, Eisenhower, —, Houthis, Marc Miguez, Ryan, Basil Germond, Miguez, Jake Epstein Organizations: Service, Associated Press, US, intel, Carrier Air Wing, US Navy, Maritime Executive, Russia's, Defense Intelligence, Lancaster University, AP, Saudi, Carrier Strike Group Locations: Ukraine, Red, Russian

☆ EU Commission unveils a plan to slash emissions by 90%. Can it deliver?
▼ + stars: | 2024-02-06 | by ( Angela Dewan | ) edition.cnn.com time to read: +6 min

The announcement will kick off months of talks that could take up to a year before the European Parliament rubber stamps the target. The European Greens — a faction of environmentally conscious lawmakers from several countries — are expecting big losses in the vote, after making sweeping gains in the 2019 election. “We’re looking at a European Parliament that is more in favor of regulatory freedom for member states,” Dufour said. The Greens had been successful in achieving a strong climate agenda through the EU parliament, he added. She said new conservative or even far-right lawmakers may also back some ambitious climate policies because so many make sense in terms of economics and security, as well.

Persons: —, Wopke Hoekstra, Andreas Solaro, Manon Dufour, ” Dufour, Dufour, Bas Eickhout, ”, Eickhout, Olivier Chassignole, ” Eickhout, I’m, Linda Kalcher, Kalcher Organizations: CNN, European Commission, EU, Parliament, European Greens —, Getty, Conservative, European People’s Party, EPP, Deal, European Greens, Greens, European Greens Party, ”, Green Locations: Lugo , Italy, AFP, Brussels, Bas, Dutch, Lyon, France, Brussel, Ukraine

☆ We hiked our Nvidia price target — encouraged by new highs after Goldman Sachs' bear case takedown
▼ + stars: | 2024-02-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

The new Goldman price target — which implies nearly 15.5% upside from Monday's — isn't even the highest on the Street. We're also raising our Club price target on Nvidia to $750 from $600. One of the lowest Nvidia price targets belongs to DA Davidson at $410 per share. NVDA 1Y mountain Nvidia's stock performance over the past 12 months. Nvidia's plan to release a new AI chip each year also adds to the sustainability of data center growth, the analysts argued.

Persons: Goldman Sachs, optimists —, — isn't, We're, Goldman, DA Davidson, Jim Cramer, TSMC, Jim Cramer's, Jim, Jensen Huang, Patrick T Organizations: Nvidia, Goldman, . Rosenblatt Securities, Microsoft, Amazon, Club, Apple, Taiwan Semiconductor Manufacturing Company, Devices, AMD, U.S, CNBC, Mobile, Fallon, Bloomberg, Getty Locations: China, American, Los Angeles

Some of the biggest analyst calls on Monday focused on a dollar store stock and a major U.S. airline. She assigned a $235 price target, which suggests shares could climb about 23.5%. The analyst maintained his buy rating and raised his price target by $30 to $455, which implies 15.4% potential upside from Friday's close. His $175 price target — down from $185 — implies 25.3% downside for the stock from Friday's close. The bank upgraded the airline to buy from neutral, raising its price target to $20 from $14.

Persons: Bernstein, Hershey, Alexia Howard, Howard, —, — Pia Singh, Jefferies, Brent Thill, Morgan Stanley, Norfolk, Ravi Shanker, Shanker, Raymond James Raymond James, Olivia Tong, Tong, Matthew Boss, Said, ̇, Boss, Stephen Trent, Fred Imbert Organizations: CNBC, JPMorgan, Citi, American Airlines, Hershey, Meta, Norfolk, Colgate, Palmolive, CL, American Airlines American Airlines Locations: U.S, Norfolk Southern

☆ Fed’s Barkin: March rate cut isn’t out of the picture. ‘You make the call when you get to the meeting’
▼ + stars: | 2024-01-22 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

The positive economic developments as well as Fed officials’ forecasts for at least three rate cuts this year had investors eying a March pivot. Meanwhile, Barkin — who will also be voting on Fed policy decisions at meetings this year — isn’t ruling March out entirely. For Barkin, “the breadth of inflation settling” and “the consistency of inflation settling” matter in his evaluation of whether the inflation rate is approaching the Fed’s target. Unlike many Fed officials, Barkin does not have a PhD in economics but has an MBA and a law degree. Investors will be paying close attention to any hints of the timing of rate cuts in the central bank’s latest statement and Fed Chair Jerome Powell’s press conference.

Persons: Tom Barkin, Barkin, eying, Christopher Waller, “, Loretta Mester, Barkin —, isn’t, ” Barkin, ”, ” ‘ There’s, John Williams, Jerome Powell, Williams, “ There’s, Jerome Powell’s Organizations: New, New York CNN, Richmond Federal, CNN, Fed, Cleveland Fed, FactSet, Richmond Fed, McKinsey, ” New York Fed, Raleigh Chamber of Commerce, That’s Locations: New York

☆ I moved to the middle of Canada, where the affordable healthcare is great, but the closest city is 2 hours away and I can't find anything cheap on Amazon
▼ + stars: | 2024-01-19 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

Leslie Redmond, 37, moved to Winnipeg, Canada, from Alaska in 2022. There's a really big Ukrainian population and a really big Polish population. So there are a lot of flavors and foods that are really ubiquitous up here that I wouldn't have had in the States. That was the case across Canada — and across the US — but I think that's kind of slowed down a little bit now. I would say Winnipeg is pretty equivalent to Alaska, but Alaska is higher than what you would find in the lower 48.

Persons: Leslie Redmond, —, It's, I've, Redmond, I'd, Justin Reitsma, they're, it's Organizations: Service, of Agricultural, Food Sciences, University of Manitoba Locations: Winnipeg, Canada, Alaska, There's, States, North Dakota, Vancouver, Quebec, Yukon, we're, Grand Forks, Target, there's, Manitoba, Redmond, oceanside

☆ The biggest risks US businesses face in 2024
▼ + stars: | 2024-01-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

But, while businesses have plenty to be grateful for and much to be optimistic about, the coast isn’t clear. Last week, surveys from the National Federation of Independent Business (NFIB) and The Conference Board detailed the biggest risks that businesses are currently worried about. Here are some of the biggest risks for American businesses in 2024. Those financial stresses can reduce the willingness of banks to lend to others businesses and also to consumers,” she said. Bank earnings look really bad this quarter.

Persons: there’s, “, John Maynard Keynes, ”, ” Dana Peterson, Bill Dunkelberg, ” Peterson, ” Suzanne Clark, We’re, Mike Johnson, Chuck Schumer, Fitch, Clark, JPMorgan Chase, Nicole Goodkind, Krystal Hur, FactSet, Martin Luther King Jr, Morgan Stanley, Goldman Sachs Organizations: CNN Business, Bell, DC CNN, Federal, National Federation of Independent Business, Board, US, of Commerce, of American, Conference Board, Conference, CNN, Fed, Corporate, US Chamber of Commerce, chamber’s State of American, AAA, Moody’s Investors Service, US Chamber, Commerce’s, Google, Citigroup, Bank, JPMorgan, FactSet, Revenue, Profit, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Bank of America, FDIC, Citi, China’s National Bureau of Statistics, Alcoa, National Statistics, US Commerce Department, US Labor Department, Federal Reserve, University of Michigan, National Association of Realtors Locations: Washington, Wells, Corporate America, chamber’s State, BlackRock, Amazon, Argentina, Japan

☆ Coca-Cola ranked as the best place to work for career growth in a new study of America's largest companies
▼ + stars: | 2023-12-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

It looked at culture, hiring, pay and promotions to see how companies invest in their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCoca-Cola was just ranked as the best place to work for career growth in the American Opportunity Index 2023 report . AdvertisementCoca-Cola was ranked top overall, largely because of its hiring, pay, and culture scores. In the past, it has made Glassdoor's ranking of the top 10 companies with the happiest employees and was included in its best places to work list from 2012 through to 2022.

Persons: —, Lisa Chang, Chang, Meta, Salesforce Organizations: American Opportunity, Meta, Costco, Service, American, Harvard Business School, Foundation, Glass Institute, Cola, PepsiCo, PNC Financial Services Group, Amazon, Microsoft, AOI Locations: Glassdoor, W.W, Grainger

☆ Will guilt-free long-haul flights ever be possible? Here’s what we know
▼ + stars: | 2023-12-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

Sustainable aviation fuel, or SAF, is a type of alternative jet fuel that can curb carbon emissions by up to 80%. The main reason for the slow adoption is that it’s still more expensive – between 1.5 to 6 times pricier than regular jet fuel. Boeing is not out of the race either, but doesn’t see a hydrogen long-haul plane as around the corner. On medium- and long-haul flights, we don’t see it as a direct source of propulsion until 2040. We would need to see magnitude-order changes [in batteries] for us to consider those for long-haul flights.

Persons: ”, Gary Crichlow, Gökçin Çınar, Ryan Faucett, Alexandre Doumenjou, Andreas Schäfer, Britten, “, Artemis, that’s, Boeing’s Faucett, “ You’re, Schäfer Organizations: CNN — Aviation, Boeing, “, Aviation Environment Federation, SAF, Airbus, University of Michigan, CNN, Virgin Atlantic, University College London, Cranfield Aerospace, Norman, Engineers, NASA, Critchlow Locations: London, Bangkok, New York, California, ZeroAvia

☆ Elon Musk is beefing with Paris Hilton now
▼ + stars: | 2023-12-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk says he didn't find the advertising campaign for Paris Hilton's cookware "super convincing." Musk has been on the warpath with advertisers of late as more companies pull ads from X. AdvertisementIt looks like Elon Musk is training his furor at advertisers on a brand new target — Paris Hilton. Besides advertising her cookware on X, Hilton has also promoted her products on Instagram and TikTok. Representatives for Musk and Hilton did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: Elon Musk, Musk, —, Paris Hilton, Linda Yaccarino, he's, Hilton, hasn't, Hey Bob, Bob Iger Organizations: Service, Disney, IBM, New York Times DealBook, Musk, Business Insider Locations: Paris

☆ A 43-year-old who poured everything into becoming a millionaire shares the realization that made him stop 'obsessing' over his wealth — and why he's much happier now
▼ + stars: | 2023-12-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Don, 43, is a self-made millionaire who used to place immense pressure on himself to earn more money. He's now focusing on other things in his life, like his kids, that bring him more happiness than wealth ever could. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement'You need the humility that it can be taken away from you'Don said his upbringing largely influenced the way he now thinks about money and wealth. "So what are those things that you do have in your life that money can't measure?

Persons: Don, —, he's, it's, That's Organizations: Service, Federal, New York Federal, Suffolk University Sawyer Business School, USA

☆ Stocks making the biggest moves premarket: iRobot, Nvidia, Apple and more
▼ + stars: | 2023-11-24 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Nvidia — Nvidia shares fell 1.8% after Reuters, citing sources familiar, reported the chipmaker told its China clients it will be delaying the chip designed to comply with U.S. export restrictions until next year. Apple — Shares fell slightly by 0.2% after a Reuters report, citing data from Counterpoint Research, said Apple saw a drop in smartphone sales during China's recent Singles Day. Walmart , Target — Some retail stocks were higher as investors kept an eye on Black Friday trends to gauge the health of the consumer. Walmart and Target were higher by 0.2%, each. Fisker — The automotive stock rose 8% after Fisker filed a 10Q, which was previously delayed, with the Securities and Exchange Commission.

Persons: Apple, Fisker Organizations: European Union, Nvidia, Reuters, Apple —, Counterpoint Research, Walmart, Target, Securities and Exchange Commission Locations: China

☆ A Ukrainian soldier is claiming the world's longest sniper kill, using a gun named 'Horizon's Lord'
▼ + stars: | 2023-11-21 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Ukraine claims one of its soldiers made the world's longest sniper kill shot. AdvertisementUkraine's Special Forces are claiming the world's longest sniper kill, saying that a Ukrainian soldier took out a Russian combatant from 2.36 miles away, according to Interfax-Ukraine. The sniper involved used the Ukraine-made Volodar Obriyu rifle — translating as "Horizon's Lord" — for the shot, according to Interfax, citing Special Forces. There is no universally verified list of longest sniper kills, though there are several generally accepted contenders. In 2022, another Ukrainian soldier was credited by the country's armed forces with the world's second-longest kill, from almost 1.7 miles away from its target.

Persons: —, It's, Insider's Alia Shoaib Organizations: Service, Forces, Special Forces, Business Locations: Ukraine, Ukrainian, Canadian, Iraq

Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.

Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's

Retail sales fell 0.1% last month after jumping a strong 0.9% in September, according to a report released Wednesday by the Commerce Department. Excluding sales of gas and autos, retail sales ticked up 0.1%. “The October retail sales report was stronger than expectations, but confirmed a slowdown in consumption,” Ellen Zentner, chief U.S. economist at Morgan Stanley, wrote in a note to clients. Restaurants and bars reported a 0.3% sales increase, though that was much lower than September's 1.6% gain. The government’s monthly retail sales report offers only a partial look at consumer spending; it doesn’t include many services, including health care, travel and hotel lodging.

Persons: “, ” Ellen Zentner, Morgan Stanley Organizations: Commerce Department, Consumer, Walmart, Target, Federal Reserve, National Retail Federation Locations: U.S, Europe, United States

Wednesday's batch of analyst research included bullish calls on a credit card giant and a sports betting name. The firm downgraded the pharmaceutical stock to neutral from overweight and lowered its price target to $55 per share from $68. The bank downgraded the Canadian Solar to underweight from neutral in a Wednesday note and lowered its price target to $22 per share from $32. The analyst noted that the guidance given confirms his bull case for the stock, which consists of a $70 price target. The bank initiated coverage of the credit card giant with an overweight rating and a $184 per share price target — which implies more than 17% upside from Tuesday's close.

Persons: Morgan Stanley, Guggenheim, John DiFucci, there's, Brian Evans, Cantor Fitzgerald downgrades, Myers Squibb Cantor Fitzgerald, We've, Olivia Brayer, Myers Squibb, — Brian Evans, Julien Dumoulin, Smith, Wells, Omar Mejias, Mark Strouse, DraftKings, Stephen Grambling, Grambling, Fred Imbert, millennials, Z, Gen, Terry Ma Organizations: CNBC, Barclays, American Express, Guggenheim, FactSet, Myers Squibb, Bank of America, Wells Fargo, Warner Music Group, accel, JPMorgan, American Locations: Bristol, Generac, Europe, CSIQ

Killing an all-but-completed movie would alienate the people Zaslav — or at least Hollywood — needed most: the people who made the movies. Under fire, Zaslav defended the decision in an earnings call with analysts, saying he shelved “Batgirl” to protect the DC brand. More quietly, Zaslav also sought cover in the authority of Bryan Lourd, the powerful co-chairman of Creative Artists Agency and a leading arbiter of Hollywood mores. As Zaslav told it to several associates, Lourd had supported the decision, observing that it wasn’t in the interest of C.A.A. “We have made unpopular decisions because they were necessary.”Hollywood was in trouble before David Zaslav came to town.

Persons: Zaslav, Wiedenfels, Batgirl ”, Michael Keaton, ”, Adil El Arbi, Bilall Fallah, Walter Hamada, Courtenay Valenti, Bryan Lourd, Lourd, Leslie Grace, “ Bryan Lourd, ’ ”, David Zaslav, “ Organizations: DC Comics, Hollywood, DC, Warner Brothers, Creative Artists Agency, Discovery, McKinsey, W.B.D Locations: Scotland, New York, Hollywood, W.B.D

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