Amazon Plans Ad Tier for Prime Video Streaming Service 
 

Amazon is planning to launch an advertising-supported tier of its Prime Video streaming service as it looks to generate more revenue from entertainment.

 
CNN CEO Chris Licht Is Out 
 

CNN parted ways with its chief executive, ending a tenure of a little over a year that was marked by a series of missteps.

 
Investors Go Cold on Food Stocks 
 

As consumers start to feel stretched, price increases pushed through by packaged-food companies like Campbell Soup and J.M. Smucker might not stick.

 
Google DeepMind Unveils AI System to Discover Faster Algorithms 
 

The new system, called AlphaDev, focuses on finding more efficient algorithms for software development

 
Tesla's stock rises toward longest winning streak in more than 2 years 
 

Investors have been piling into Tesla Inc.'s stock as it rallies toward its longest winning streak since January 2021.

 
GameStop Earnings Are Today. The Stock Is Gaining Into the Report. 
 

The retailer is expected to benefit from a wave of major blockbuster videogame releases, which started with Hogwarts Legacy in early February and continued with Star Wars Jedi: Survivor in late April.

 
Cathie Wood's ARK Buys the Coinbase Dip After SEC Lawsuit 
 

The Securities and Exchange Commission is accusing the company of acting unlawfully as an exchange, broker, and clearing agency of crypto assets.

 
Serta Simmons Defeats Holdout Lenders to Seal Chapter 11 Restructuring 
 

A bankruptcy judge upholds the bedding maker's disputed 2020 debt deal, handing control to majority lenders.

 
Instagram Connects Vast Pedophile Network 
 

The Meta unit's systems for fostering communities have guided users to child-sex content; company says it is improving internal controls.

 
Volvo Rolls Out All-Electric SUV Aimed at First-Time Buyers 
 

The company hopes the new SUV can help it address one of the biggest challenges automakers face: To meet ambitious EV goals, they have to offer more affordable cars.

(END) Dow Jones Newswires

June 07, 2023 15:15 ET (19:15 GMT)