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Netflix valuation is a goal stretched too far

BREAKINGVIEWS-Netflix valuation is a goal stretched too far The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to say "steam" not "stream" in first paragraph. By Jennifer Saba NEW YORK, Oct 18 (Reuters Breakingviews) - Netflix’s NFLX.O lofty valuation is headed for a reality check. The $300 billion streaming video giant reported on Thursday quarterly revenue rose 15% year-over-year and subscriber additions were better than expected.
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Take Five: Up and away

GRAPHIC-Take Five: Up and away Oct 18 (Reuters) - Start your electric engines, Tesla is the first of the "Magnificent Seven" to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S. election looms. Here's your look at what matters for markets next week from Kevin Buckland in Tokyo, Ira Iosebashvili in New York, and Naomi Rovnick, Dhara Ranasinghe and Karin Strohecker in London.
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Amazon AWS CEO: Quit if you don't want to return to office

UPDATE 2-Amazon AWS CEO: Quit if you don't want to return to office Adds additional comment from Garman in paragraph 5 By Greg Bensinger Oct 17 (Reuters) - One of Amazon's AMZN.O top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in January
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Amazon AWS CEO: Quit if you don't want to return to office

Amazon AWS CEO: Quit if you don't want to return to office By Greg Bensinger Oct 17 (Reuters) - One of Amazon's AMZN.O top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who don't support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in January, according to a transcript reviewed by Reuters.
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Nebius set to resume Nasdaq trading after completing split from Russia’s Yandex

UPDATE 2-Nebius set to resume Nasdaq trading after completing split from Russia’s Yandex Adds background in paragraph 6-11 Oct 17 (Reuters) - AI infrastructure firm Nebius Group NBIS.O said on Thursday its shares will resume Nasdaq trading on Monday after being halted following Russia's February 2022 invasion of Ukraine. At that time, the stock traded under the YNDX.O ticker of Russian internet giant Yandex through its Amsterdam-based parent company.
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Google Will Pause Ads Relating To US Elections After Last Polls Close On Election Day

BRIEF-Google Will Pause Ads Relating To US Elections After Last Polls Close On Election Day Oct 17 (Reuters) - Google: GOOGLE: WILL PAUSE ADS RELATING TO US ELECTIONS FROM SERVING IN US AFTER LAST POLLS CLOSE ON ELECTION DAY, NOVEMBER 5TH, 2024 Further company coverage: GOOGL.O
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Google shifts Gemini app team to DeepMind

Google shifts Gemini app team to DeepMind Oct 17 (Reuters) - Alphabet's Google GOOGL.O said on Thursday it will move the team behind the Gemini app to its artificial intelligence research lab DeepMind as the search giant looks to streamline its structure and better position itself in the generative AI race. The shift "will improve feedback loops, enable fast deployment of our new models in the Gemini app," CEO Sundar Pichai said in a blog post.
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Google Says Gemini App Team Led By Sissie Will Join Google Deepmind Under Demis- Blog

BRIEF-Google Says Gemini App Team Led By Sissie Will Join Google Deepmind Under Demis- Blog Oct 17 (Reuters) - Google: GOOGLE: GEMINI APP TEAM LED BY SISSIE WILL JOIN GOOGLE DEEPMIND UNDER DEMIS- BLOG GOOGLE: MAKING SHIFTS TO SIMPLIFY OUR STRUCTURES ALONG THE WAY, INCLUDING CREATION OF GOOGLE DEEPMIND AND JOINING OF PLATFORMS & DEVICES TEAMS GOOGLE
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Google Moves Gemini App Team To Deepmind Unit In Latest Reorg - Axios

BRIEF-Google Moves Gemini App Team To Deepmind Unit In Latest Reorg - Axios Oct 17 (Reuters) - GOOGLE MOVES GEMINI APP TEAM TO DEEPMIND UNIT IN LATEST REORG - AXIOS Source text: https://tinyurl.com/23qqc377 Further company coverage: GOOGL.O
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Google Says Announcing NotebookLM Business, An Upcoming Version That Will Be Offered Via Google Workspace

BRIEF-Google Says Announcing NotebookLM Business, An Upcoming Version That Will Be Offered Via Google Workspace Oct 17 (Reuters) - Google: GOOGLE: ANNOUNCING NOTEBOOKLM BUSINESS, AN UPCOMING VERSION THAT WILL BE OFFERED VIA GOOGLE WORKSPACE Further company coverage: GOOGL.O
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Google asks US appeals court to block app store overhaul

UPDATE 1-Google asks US appeals court to block app store overhaul Adds comment from Google in paragraph 5 By Mike Scarcella Oct 17 (Reuters) - Google has asked a U.S. appeals court to block a judge’s order requiring the Alphabet GOOGL.O unit to redesign its app store Play, as the tech giant prepares for what could be a lengthy appeal in its antitrust battle with "Fortnite" maker Epic Games.
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Google asks US appeals court to block app store overhaul

Google asks US appeals court to block app store overhaul By Mike Scarcella Oct 17 (Reuters) - Google has asked a U.S. appeals court to block a judge’s order requiring the Alphabet GOOGL.O unit to redesign its app store Play, as the tech giant prepares for what could be a lengthy appeal in its antitrust battle with "Fortnite" maker Epic Games. In a filing on Wednesday night, Google urged the San Francisco-based 9th U.S.
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Uranium Energy rises on US regulator approval of production boost at Wyoming plant

BUZZ-Uranium Energy rises on US regulator approval of production boost at Wyoming plant ** Shares of mining firm Uranium Energy Corp UEC.A rise 4.3% to $8.30 premarket ** Co receives approval from Wyoming Department of Environmental Quality to boost production capacity at its Irigaray Central Processing Plant ** Annual licensed production capacity set to increase to 4 mln pounds of U3O8, a type of uranium compound, from 2.5 mln pounds previously ** "The extraordinary growth in nuclear power in t
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Britain to publish online safety demands for platforms in December

UPDATE 1-Britain to publish online safety demands for platforms in December Adds quotes in paragraphs 3-6, steps taken in paragraph 7, background in paragraphs 8-9 LONDON, Oct 17 (Reuters) - Britain's media regulator Ofcom said on Thursday it would detail what action it expected social media companies to take over illegal content on their platforms in December, saying it expected swift action or they would face consequences.
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Futures rise as chip stocks rally after TSMC results; economic data in focus

US STOCKS-Futures rise as chip stocks rally after TSMC results; economic data in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.08%, S&P 500 0.39%, Nasdaq 0.72% Oct 17 (Reuters) - U.S. stock index futures gained on Thursday, with an upbeat forecast from TSMC lifting semiconductor stocks, while investors awaited key economic data for clues on the financial health of the U.S.
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Britain to publish first guidance under Online Safety Bill in December

Britain to publish first guidance under Online Safety Bill in December LONDON, Oct 17 (Reuters) - Britain's media regulator Ofcom said on Thursday that it would publish its first edition of guidance on how social media companies would be expected to assess risk of illegal content on their platform in December. Ofcom, which is responsible for implementing the government's Online Safety Bill, said it would expect companies to disclose their risk assessments from March 31 next year.
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New York Times business news - Oct 17

PRESS DIGEST-New York Times business news - Oct 17 Oct 17 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Microsoft MSFT.O , Google GOOGL.O and Amazon AMZN.O have recently struck deals with operators and developers of nuclear power plants to fuel the boom in data centers, which provide computing services to businesses large and small.
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Dow ends at another record high as Wall Street buoyed by banks, small-caps

US STOCKS-Dow ends at another record high as Wall Street buoyed by banks, small-caps Dow posts third record closing high in four sessions Russell 2000, S&P Small Cap 600 at highest levels since Nov 2021 Morgan Stanley record high as Q3 profit jumps; banks buoyant Utilities climb; Amazon nuke accord benefits Dominion Indexes up: Dow 0.79%, S&P 500 0.47%, Nasdaq 0.28% Adds closing prices, Dow milestone By David French Oct 16 (Reuters) - The Dow Jones Industrial Average rose on Wednesday and closed
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Dow registers record close along with several sectors

LIVE MARKETS-Dow registers record close along with several sectors Dow up ~0.8%, S&P 500 up ~0.5%; Nasdaq up ~0.3% Utilities lead S&P 500 sectors gainers; Comm Svcs weakest group Dollar, gold up; bitcoin up >2%; crude ~flat U.S. 10-Year Treasury yield edges down to ~4.02% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Oklo shares rally for third straight day with tech focus on nuclear power

BUZZ-Oklo shares rally for third straight day with tech focus on nuclear power ** Shares in Oklo Inc OKLO.N , a nuclear power startup backed by OpenAI CEO Sam Altman, soar >40% on Weds, eyeing their third straight day of gains and setting a record high since co's May debut ** Nuclear power companies have seen a surge of investor interest recently as tech co's seek new sources of energy for data centers supporting technologies including artificial intelligence (AI) ** On Tues, OKLO CEO told CNBC
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