WFC - UK Authority Approves Microsoft's $69B Activision Blizzard Acquisition Google Search Gets Generative AI Boost Big Banks Earnings: Today's Top Stories | Benzinga

October, 13 2023 01:48 PM Wells Fargo & Company

Benzinga

The Competition and Markets Authority (CMA) in Britain has approved the proposed $69 billion acquisition of Activision Blizzard Inc (NASDAQ: ATVI) by Microsoft Corporation (NASDAQ: MSFT).
This approval comes after Microsoft made concessions to allay competition fears.
Microsoft has secured the approval after agreeing to sell Activision's game streaming rights, including the popular "Call of Duty," to Ubisoft Entertainment.

In an innovative move, Google is trialing generative AI functionalities for its search tool, aiming to allow users to generate images and write drafts straight from the search engine.
Alphabet Inc.'s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google announced on Thursday that it is exploring new avenues to boost its search engine's utility. The tech giant's users could soon create an image or draft a write-up using generative AI.

Cassava Sciences Inc (NASDAQ: SAVA), the Alzheimer-focused firm, is facing further controversy as a recent investigation by the City University of New York (CUNY) has implicated neuroscientist Hoau-Yan Wang, a long-time collaborator of Cassava, in scientific misconduct related to 20 research papers.
The CUNY investigative committee uncovered several instances of improperly manipulated images, particularly in a 2012 publication in The Journal of Neuroscience, which suggested that simufilam could mitigate the pathological effects of beta-amyloid, a protein associated with Alzheimer's disease.

Ford Motor Company (NYSE: F) is reportedly struggling with contract negotiations with the United Auto Workers (UAW) union, hinting that it may have hit its maximum limit for financial concessions.
Ford's shares experienced a 2% drop on Thursday, bringing an end to a four-day streak of gains. The previous day, the stock reached a peak of $12.39 per share but fell short of surpassing the 55-day moving average. This moving average has proven to be a formidable resistance level since late July.

EHang Holdings (NASDAQ: EH) shares are trading higher after the company obtained a type certificate for the EH216-S passenger-carrying UAV system issued by the Civil Aviation Administration of China.
The EH216-S is an innovation with ...