business

Millie Giles1/30/25

Nokia’s CEO is talking up its involvement in AI, stock jumps 7%

Finnish telecoms and once iconic phone maker Nokia reported better-than-expected Q4 results Thursday morning, with quarterly net sales climbing 10% to €5.98 billion ($6.2 billion) and comparable group net profit up 81%, per The Wall Street Journal — sending shares up 7% in early trading.

The profit growth was in part due to a surge in demand for network infrastructure from mobile operators in North America and India, with sales of this sector increasing by 17%. But beyond grids and telephone poles, Nokia is looking to diversify — in particular, by cashing in on the AI boom.

Off the back of signing a $2.3 billion deal in June to acquire optical networking equipment specialist Infinera, the company plans to continue forging a path into the burgeoning data center market. In the Q4 earnings release, CEO Pekka Lundmark outlined intentions to “broaden our addressable market in data center IP networking” by investing up to an additional €100 million in the year ahead.

Speaking with Reuters, Lundmark expressed optimism for Nokia’s position in providing services for ventures like the $500 billion Stargate plan: “We have interest in all data centres and assuming that the Stargate project will deliver, it will be an exciting market opportunity for us.”

Nokia Takes Aim at Data Center Market With Pledge to Increase Investments

Nokia Takes Aim at Data Center Market With Pledge to Increase Investments

The profit growth was in part due to a surge in demand for network infrastructure from mobile operators in North America and India, with sales of this sector increasing by 17%. But beyond grids and telephone poles, Nokia is looking to diversify — in particular, by cashing in on the AI boom.

Off the back of signing a $2.3 billion deal in June to acquire optical networking equipment specialist Infinera, the company plans to continue forging a path into the burgeoning data center market. In the Q4 earnings release, CEO Pekka Lundmark outlined intentions to “broaden our addressable market in data center IP networking” by investing up to an additional €100 million in the year ahead.

Speaking with Reuters, Lundmark expressed optimism for Nokia’s position in providing services for ventures like the $500 billion Stargate plan: “We have interest in all data centres and assuming that the Stargate project will deliver, it will be an exciting market opportunity for us.”

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Estée Lauder’s Jo Malone is launching an “AI Scent Advisor” to convince people to buy perfumes without smelling them

Gen Z is driving a perfume and fragrance boom.

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business

Max Knoblauch12/4/25

Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul

Netflix’s charm offensive appears to be working.

Netflix is reportedly emerging as the leader in the bidding war for Warner Bros. Discovery after second-round bids this week, edging out entertainment juggernaut rivals Comcast and Paramount Skydance.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter

Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

PEAK CONSULTING?

After three decades of pretty constant growth, the consultancy boom just hit an AI-shaped wall

Accenture has a new deal with OpenAI — did ChatGPT’s launch top-tick consulting employment?

Human hand and AI hand on the yellow background

business

Max Knoblauch12/3/25

Delta says the government shutdown will cost it $200 million in Q4

The 43-day government shutdown that ended last month will result in a $200 million ding for Delta Air Lines, the airline said in a filing on Wednesday.

That’s about $100,000 per shutdown-related canceled flight. (Delta previously said it canceled more than 2,000 flights due to FAA flight reductions.) When the company reports its fourth-quarter earnings, the shutdown will lop off about $0.25 per share.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

Delta Air Sees $200 Million Hit from Shutdown Fallout

Delta Air Sees $200 Million Hit from Shutdown Fallout

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

Netflix reportedly made a mostly cash offer for Warner Bros. Discovery over the weekend

The WBD bidding war is heating up — what will the winner get?

WBD studio lot gate 2

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