News about David Faber

After a ten-hour meeting on Thursday, negotiators for Hollywood's main studios and stricken film and television writers were unable to find an agreement to end a months-long deadlock, CNN reported. According to CNN, representatives of the Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) spent more than ten hours together. It's uncertain when they will reconvenes again. There were no spokespeople for the WGA and the AMPTP who responded immediately to calls for clarification. On Friday, the two teams are due to lock horns once more.

During Covid-19 lockdowns, Musk, the second richest person in the world, has often criticized working from home, which was a requisite for many. However, for several companies, the practice has continued in the post-pandemic period. In an interview with CNBC on Tuesday night, the business mogul, who also owns Twitter, referred to Silicon Valley's tech workers as the "laptop classes living in la-land." He told CNN's David Faber that being in the office improves productivity, but that working from home was a'moral issue.'

The stock in the troubled San Francisco-based bank fell by more than 52% to $2.98, giving it less than $620 million in market capitalization. Multiple times, trading in the bank's shares was suspended. Following two major bank failures last month, the First Republic, the hardest-affected regional lender, has reportedly been trying to reach a private-sector rescue agreement in 'urgent' government-brokered talks this week. However, CNBC anchor David Faber cited sources as saying that the most likely result for the struggling bank is for the Federal Deposit Insurance Corporation to assume receivership.

Amazon has reportedly made a bid to buy Electronic Arts (EA), the US video game company behind the hugely popular FIFA series. Amazon will announce its bid to purchase the game business on Friday, according to Stockholm-based game content company GLHF. Since the spring, rumors have circulated that EA had been trying to be acquired by a major company, such as Disney, Apple, or Amazon. EA is most well-known for its FIFA football series, which has sold more than 325 million units since the first FIFA game, 'FIFA World Soccer,' was released in 1993. In September, the last game in the series, FIFA 23 (inset top left), will be announced.