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Disney, Eli Lilly, Coca-Cola, Rivian

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OpenAI CEO Sam Altman and Disney CEO Bob Iger. Disney is investing $1 billion in OpenAI.

Stocks to Watch Thursday: Disney, Eli Lilly, Coca-Cola, Rivian

↗️ Disney (DIS): The company is investing $1 billion in OpenAI and will license its characters for use in ChatGPT and videos. Shares gained 2.4%. The deal was unveiled after Disney accused Google of infringing its copyrights “on a massive scale,” highlighting its carrot-and-stick approach to AI. Alphabet (GOOG, GOOGL) shares fell 2.3%.

↘️ Shopify (SHOP): The e-commerce platform said Wednesday it teamed up with Uber (UBER) to offer one-hour and same-day delivery to merchants. Shares fell 2.2%.

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