Writing the summary…
Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
Source: CNBC
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CNBC2 outlets
David Ellison names Ynon Kreiz co-CEO of Paramount and Warner Bros. Discovery
Ynon Kreiz, who is stepping down as CEO of Mattel after eight years, will join David Ellison’s Paramount — which is expected to close its mega-merger with Warner Bros. Discovery on Oct. 6 — as co-CEO of the new company, Paramount announced. As chairman and CEO, Ellison will lead all strategy, creative and technology functions. […]
CNBC
Sen. Hawley: OpenAI CEO Sam Altman declined to testify at rogue AI hearing
A Senate subcommittee on Wednesday is examining rogue AI, after a series of AI cyberattacks and increasing warnings about the risks of the technology.
CNBC
Grindr expands beyond dating with $250 million telehealth acquisition of PurposeMed
Grindr is buying PrEP provider Freddie for $250 million, expanding into healthcare and seeking to make HIV prevention more accessible to its users.
CNBC
Elon Musk, Palmer Luckey and Newt Gingrich to help Pentagon with warfare initiative, Hegseth says
Pete Hegseth, in remarks about the state of the military, announced a project led by two GOP-supporting tech executives to examine military capabilities.
CNBC
10-year Treasury yield is higher as traders look past inflation data, await jobs report
Treasury yields were lower on Wednesday following the release of lighter-than-expected U.S. inflation data.
CNBC2 outlets
Fed watchdog finds renovation failures, but no grounds for criminal referral
The long-awaited report by the Fed's inspector general said it found no reasonable grounds to believe federal criminal law had been violated.