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$293M

Apple’s star-studded racing film “F1” crossed $293 million at the global box office over the weekend, making it the tech giant’s highest-grossing film to date. The movie beats out Ridley Scott’s “Napoleon,” which earned $221 million during its 2023 run.

The movie, distributed by Warner Bros. Discovery, has pulled in $60 million just from IMAX theaters, about 20% of its total haul. The film secured a three-week IMAX window that blocked “Jurassic World Rebirth” from a US IMAX release. While F1 hasn’t quite lapped its reported $200 million to $300 million production budget yet, the early box office performance is already a major win for Apple’s growing entertainment business.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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