Disney’s deal with the NFL for ESPN ownership is a game-changer. Revenue is up 3% to $23.7 billion, with ESPN acquiring the NFL network and RedZone distribution. Disney’s streaming app launching August 21st will offer six additional NFL games. The move aims to boost subscriber numbers and prevent churn. Meanwhile, Disney’s streaming bundle with Disney Plus and Hulu at $30 a month could position them as a strong competitor to Netflix. This deal aligns with the NFL’s goal of reaching $25 billion in annual revenue by 2027, benefiting both parties and Disney shareholders. ESPN’s new deal with the NFL positions Disney as a strong player in the streaming market, offering a comprehensive sports experience. With the rise of live sports on streaming services, ESPN’s established brand and financial strength give them a unique advantage. This could lead to a shift in content distribution, with more sports content gravitating towards ESPN. The integration of fantasy sports and betting into the ESPN platform may raise concerns, but Disney’s track record suggests they will navigate this carefully. The future of content consumption may see families relying on just a few key streaming services like Netflix and Disney. Disney’s streaming revenue, including Disney Plus and Hulu, is on a $24.7 billion run rate, not including ESPN Plus. Netflix has a $44.3 billion run rate. Analysts predict Disney Plus to surpass Netflix with 294 million subscribers compared to Netflix’s 286 million by 2026. While Disney and Netflix cater to different audiences, Disney’s streaming business could potentially outgrow Netflix. However, investor focus on profitability over subscriber numbers is key.

EV companies like Rivian and Tesla are facing revenue losses due to the elimination of EV tax credits and restrictions on emissions regulations. Rivian expects to generate $140 million less in revenue from credit sales. This setback could benefit traditional automakers, but the long-term impact on EV adoption remains uncertain. The future may involve consolidation and reshuffling among legacy automakers and newcomers like Rivian. Analysts predict a short-term surge in EV sales as consumers rush to take advantage of expiring federal tax credit. Shopify posts strong earnings, beating revenue expectations with GMV up 31% year over year and little impact from tariffs. Upstart reports 102% revenue growth, first GAAP profitable quarter since Q2 2022, and strong partnership agreements. Despite positive results, uncertainty remains with Upstart’s risk-reward profile. Investors should exercise caution. Analysts have positions in Shopify and Upstart, with the Motley Fool recommending various stocks. Remember to make investment decisions based on personal research and not solely on information provided. 1. The stock market saw a sharp decline today, with the Dow Jones Industrial Average dropping by 500 points. This comes amidst concerns about rising inflation and increasing interest rates.

2. A new study has found that eating a diet rich in fruits and vegetables can lower the risk of heart disease by up to 30%. Researchers recommend incorporating a variety of colorful produce into meals for optimal heart health.

3. In international news, tensions are rising between Russia and Ukraine, with reports of Russian troops amassing near the border. The situation is being closely monitored by world leaders to prevent further escalation.

4. A groundbreaking new treatment for Alzheimer’s disease has shown promising results in clinical trials, with patients experiencing a significant improvement in cognitive function. This development offers hope for the millions of individuals affected by this debilitating condition.

5. The United Nations has reported a record number of refugees fleeing conflict and persecution, with over 80 million people displaced worldwide. The need for humanitarian aid and support is greater than ever as countries grapple with the ongoing refugee crisis.

Read more at 1. Tesla reports record quarterly profit, beating expectations. The electric car maker posted a net income of $438 million in the third quarter, with revenue up 57% to $10.74 billion. Tesla’s stock surged 9% in after-hours trading. – CNBC

2. Apple unveils new MacBook Pro with M1 Pro and M1 Max chips. The latest models feature improved performance, longer battery life, and a new notch design for the display. The 14-inch starts at $1,999 and the 16-inch at $2,499. – Wall Street Journal

3. Facebook changes its name to Meta in rebranding effort. CEO Mark Zuckerberg announced the new name at the company’s annual Connect conference. Meta will focus on building the metaverse, a virtual reality space for users to interact and play games. – Reuters

4. Amazon announces plans to hire 150,000 seasonal workers for the holiday season. The e-commerce giant is looking to meet increased demand for online shopping during the busiest shopping period of the year. – CBS MarketWatch: Will the NFL Bring the Magic Back to Disney Stock?