Disney
ABC takes Jimmy Kimmel off the air over Charlie Kirk comments. The network said that Jimmy Kimmel Live would be “pre-empted indefinitely” following backlash over comments the host made on the show that the “MAGA gang” was trying to characterize Kirk’s alleged murderer as “anything other than one of them and doing everything they can to score political points from it.” ABC’s decision came after Federal Communications Commission Chair Brendan Carr threatened to take action against ABC affiliate stations and after station owner Nexstar—which owns 28 ABC affiliates—said it objected to the statements and would show different programming.
Things just got worse for Nvidia in China. The world’s most valuable company keeps finding itself caught in the geopolitical tussle between the US and China, with multiple news outlets reporting yesterday that Beijing’s cybersecurity regulator told major Chinese tech companies not to buy Nvidia’s RTX Pro 6000D chip. The less powerful chip was designed specifically for China to address US security concerns over the sale of its more powerful models there. Nvidia CEO Jensen Huang said he was “disappointed” but that the company could only service a market “if a country wants us.” This comes after Chinese antitrust regulators said this week amid trade talks with the US that Nvidia had violated its anti-monopoly rules. And Nvidia has also had to contend with US export bans on chips that limit its sales to China.
StubHub slumped in its trading debut. The ticket reseller finally had its twice-delayed IPO yesterday, pricing its stock at $23.50 and raising $800 million for the company. It began public trading on the New York Stock Exchange at $25.35, and initially popped, but then proved not to be the hottest ticket in town, dropping 6% to around $22. The company trading below its IPO price comes as a check on investor enthusiasm after a streak of hot market debuts from Klarna, Gemini, Figma, and Circle, which followed a long period with very few IPOs amid economic uncertainty.—AR
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