For: June 24, 2026
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after stocks closed lower as a tech selloff picked up steam yesterday. Shares of Micron Technology dropped more than ten percent with Marvell and Sandisk also falling sharply. Alphabet added to the downward pressure although stocks trimmed some losses in late trading. At the closing bell, the Dow Jones Industrial Average lost 45 points to 51-666. The S&P 500 fell 107 points to 73-65. The Nasdaq dropped 579 points to 25-587.
>>Google Invests $75 Million In A24 For AI-Powered Filmmaking Tools
(New York, NY) -- Google is investing 75-million-dollars in film studio A24 to develop AI-powered filmmaking tools. The two sides have agreed to a deal that will have the studio work with Google's DeepMind unit. It will give A24 access to AI research and infrastructure, while DeepMind's researches will create new workflows with the studio. The deal doesn't include access to A24's content library.
>>Florida Attorney General Probes CVS Monopoly Allegations
(Miami, FL) -- Florida's Attorney General is demanding the CVS pharmacy chain prove it is not monopolizing the market. James Uthmeier [[ UHTH-my-yer ]] says the state has subpoenaed CVS documents and contracts after complaints from independent pharmacists that they are being forced out of business. He says CVS has until July 26 to respond. Independent pharmacists claim CVS and its pharmacy benefit manager Caremark branch unfairly administers prescription drug plans for insurers, employers, and government programs, driving up costs, limiting access to medications, and funneling patients to CVS pharmacies. Congress has also been looking into the business practices of CVS.
>>Lucid Cutting 18 Percent of Workforce
(Newark, CA) -- Lucid is set to cut around 18 percent of its workforce. That's according to a filing with the SEC with the electric vehicle maker saying the move will save the company nearly 160-million dollars. It affects full-time employees, contractors and hourly production workers - including around 700 people employed at it's Arizona factory. Lucid intends to complete the plan the by the end of this year's third quarter.
