â¦and Nintendoâs âZeldaâ movie play Fewer picket lines, more reading lines (Mario Tama/Getty Images) [Sponsored by]( Yesterdayâs Market Moves Dow Jones
33,892 (-0.65%) S&P 500
4,347 (-0.81%) Nasdaq
13,521 (-0.94%) Bitcoin
$36,556 (+2.42%) Dow Jones
33,892 (-0.65%) S&P 500
4,347 (-0.81%)
Nasdaq
13,521 (-0.94%) Bitcoin
$36,556 (+2.42%) Hey Snackers, On the 11th hour of the 11th day of the 11th month: tomorrow the US officially observes [Veterans Day]( to honor those whoâve served and defended. We thank you for your service. Stocks slid yesterday, with the S&P 500 falling short of a nine-day win streak. Investors responded to remarks from Fed Chair Powell, who indicated that future rate hikes are still on the table. ð§ Top of the class: Take our new [Snacks Seven quiz]( to test how well youâve been paying attention to the weekâs biggest biz stories. If you get a perfect 7/7, tag us on X at @SherwoodSnacks. Action The actorsâ union and Hollywood studios reach a deal, ending SAGâs longest strike 118 days later⦠SAG-AFTRA [struck]( a tentative deal with Hollywoodâs biggest studios, ending the longest movie and television strike in its history. On Wednesday, the actorsâ union said it had voted to approve the latest offer from studios including [Paramount]( [Universal]( [Netflix]( and [Disney]( after talks halted in July. The agreement comes more than a month after the Writers Guild signed its new contract with studios, closing out its own protracted strike. - New lines: Full details of the deal havenât been disclosed, but actors had been asking for better wages, stronger benefits, and clearer guidelines around AI use for TV and film productions. - Same stage: Once finalized, the deal will allow Americaâs $134B TV and movie industry to roll back into action. But it may be a while before audiences see it. Hollywood strikes back⦠kind of. Over six months, the Tinseltown strikes cost Southern Californiaâs economy over $6.5B and led to the loss of 45K jobs. Writers went back to work on September 27, leading to the return of popular late-night talk shows and "Saturday Night Live." But hit shows like âYellowstone,â âLast of Us,â and âEuphoriaâ â along with highly anticipated flicks like âDune: Part Twoâ and âAvatar 3â â have faced delays. THE TAKEAWAY Getting back in character takes time⦠Now that actors are returning, studiosâll be scrambling to get their production pipelines up and running. It could take a while to return to full star power: this week, Warner Bros. reported bigger-than-expected Q3 losses, partly because of the strikes (on Wednesday the stock had its worst day in over two years). And Sony cut its movie divisionâs annual operating profit forecast because of the actorsâ strike. AMCâs CEO said the strikes would continue to have âcollateral damageâ on the industry. Sponsored by Autonomix What if the biggest medical problems can be solved with a tiny microchip? Hitting a nerve⦠[Autonomix]( is aiming to revolutionize the way we diagnose and treat diseases with their breakthrough nerve-sensing technology. Theyâve effectively shrunk diagnostic equipment used today (the size of a suitcase) all the way down to a microchip thatâs no bigger than the head of a pin, so it can be placed directly within the human vascular system. Prognosis⦠If youâre an investor who wants to potentially capitalize on this technology thatâs 3000x more sensitive than todayâs equipment, [you can now buy shares of Autonomix](. With possible applications in hypertension, pain management, and more, Autonomixâs medical technology has the potential to address an estimated $100B in market opportunities. [Learn more about this investment opportunity.*]( HeyListen Nintendo opens its IP treasure chest to make a live-action âZeldaâ movie High(rule) hopes⦠[Nintendo]( said itâs making a [live-action movie]( based on its âLegend of Zeldaâ video games. The stock popped this week after Nintendoâs announcement and earnings results (it also raised its annual profit forecast for the year). The Mario icon beat Q3 revenue expectations as the latest Zelda game, âTears of the Kingdom,â continued to drive sales of its six-year-old Switch console. - Rupees: Nintendo has released 40+ Zelda games, including spin-offs and remakes, ever since the $3.4B franchiseâs 1986 debut. - Open world: The Japan-based coâs US president, Doug Bowser (yes, thatâs his real name), said Nintendo is evolving into an âentertainment company with gaming as a nucleus.â Link to the past⦠With the exception of Pokémon (which Nintendo partially owns), gaming cos have struggled to move their IP beyond the console. Decades ago, Nintendo made an animated Zelda TV show and a Mario movie, both of which flopped. âAssassinâs Creed,â âTomb Raider,â and âDoomâ have all been made into 20%-Tomatometer flicks. But the industry recently got a power-up: - Itâs-a-money: âThe Last of Usâ was HBOâs second-largest show premiere last year, and the âHaloâ TV series was Paramount+âs biggest debut. Nintendoâs âSuper Mario Bros. Movieâ is this yearâs second-highest-grossing film with $1.3B in global ticket sales. THE TAKEAWAY More touchpoints can level up IP⦠To make the most of its beloved characters and worlds, Nintendo opened two Super Nintendo Worlds with two more under construction. And Netflix is building permanent in-person dining and shopping venues. Giving fans more ways to engage can create a flywheel: Nintendoâs president said the Mario movie boosted sales of the game, similar to how âBarbieâ caused a spike in toy sales. Looking ahead, Nintendo said it plans to release one movie a year. BTC The Crypto Catch-Up⦠ðª Coins⦠Bitcoinâs price hit an 18-month high, and ethereum climbed above $2K for the first time since April. Possibly [driving]( the moves: anticipation that the SEC could soon approve a spot bitcoin ETF, and that a spot ether ETF could be in the works. ð° Spendy⦠Yuga Labs cofounder Wylie Aronow (aka Gordon Goner) [snapped]( up $1.5M+ of name-brand NFTs (including CryptoPunks, Doodles). The buying spree came as NFT trading volumes hit $307M in October, up 20% over the month (but still down big time from last year). ð¸ Flashy⦠Circle, the biz behind the USDC stablecoin, is said to be [considering]( going public. Though it bailed on a plan to go public last year (recall: SPAC fatigue, crypto winter), Circleâs now benefiting from higher interest rates as it sits on $24B in reserves. What else we're Snackin' - [Ozempetition]( Eli Lilly got FDA approval for its weight-loss drug Zepbound. Charging into a market thatâs made Wegovy and Ozempic maker Novo Nordisk billions, Eli Lilly said its shot will cost 21% less than rivalsâ. - [Postphone]( The latest in wearable tech is a âStar Trekâ-like pin made by Humane. The Ai Pin â which the biz positions as a $700 smartphone replacement â is screenless and controlled largely by voice commands. - [Chipped]( Block, the Square and Cash App parent, is laying off 1K employees after implementing a workforce cap of 12K. With Block shares down 80% since a 2021 peak, last month founder Jack Dorsey stepped in to run Square. - [Parlay]( On the heels of WeWorkâs bankruptcy filing, SoftBank posted a surprise $6.2B loss. SoftBank â the coworking companyâs largest shareholder â has WeWork-related losses totaling at least $14.2B through September. - [PaidNow]( BNPL may be staging a comeback. Affirm beat revenue estimates and logged $5.6B in transactions (a 28% YoY increase). Earlier this week, rival Klarna reported its first profitable quarter in four years. ðª Thanks for Snacking with us! Want to share the Snacks? Invite your friends to sign up [here](. Snack Fact Of the Day Veterans Day was originally called Armistice Day, which commemorated the end of WW1 [Read more]( Friday - Earnings expected from Soho House & Co. Authors of this Snacks own bitcoin and ethereum and shares of: Block, Comcast, Disney, and Eli Lilly *Advertiserâs disclosure: This is a paid advertisement for Autonomixâs Reg A public offering. Additional information concerning [risk factors]( related to the offering can be found in the Form 1-A [offering circular](. Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... [See more]( [Sherwood Terms and Conditions]( ⢠[Our Editorial Principles]( ⢠[Contact Us](mailto:hellosnacks@sherwoodmedia.com) ⢠[Privacy Policy]( ⢠[Advertise with us](mailto:advertising@sherwoodmedia.com)
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