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Warby Parker
A Warby Parker store in Walnut Creek, California, in 2023 (Smith Collection/Getty Images)

Warby Parker’s earnings and new Target partnership have Wall Street seeing green

Warby Parker shares popped after the eyewear giant unveiled a new partnership with Target.

Nia Warfield

Shares of Warby Parker jumped nearly 5% after the affordable eyewear company unveiled a new partnership with Target. Later this year, Warby Parker will open five shop-in-shops at Target locations in Illinois, Minnesota, New Jersey, Ohio, and Pennsylvania — stores that currently don’t offer optical services. The brand will also launch on Target’s website, with plans to expand the partnership in 2026. Originally an online-only retailer, Warby Parker has since grown into a national brand with 276 stores across North America.

The news comes after Warby Parker beat expectations on the top and bottom line for its fourth-quarter earnings. The company’s revenue jumped 15% to $771.3 million, while net losses shrank to $20.4 million from $63.2 million a year ago. Warby Parker, which celebrated its 15th anniversary this month, plans to open 45 new stores in 2025 to keep up with demand. The stock has soared nearly 65% over the past year.

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Max Knoblauch

Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

OpenAI Deal to License Disney Characters Is Entirely in Stock

OpenAI Deal to License Disney Characters Is Entirely in Stock

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

business
Max Knoblauch

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.

business
Max Knoblauch

GM adds Apple Music to select new vehicles, racing to fill the gap left by CarPlay’s absence

Earlier this year, General Motors said it plans to end support for in-vehicle phone projection systems like Apple CarPlay and Android Auto on all of its vehicles (a big expansion of the move it announced for its EVs back in 2023).

Now, the automaker appears to be stocking its replacement system with native apps to fill the void. On Monday, GM announced it was rolling out Apple Music to select 2025 Chevrolet and Cadillac models.

Losing CarPlay is a sore subject for many drivers: 39% of respondents to an American Trucks survey this month said a lack of the system (or Android Auto) is a “deal-breaker” when it comes to buying a new vehicle.

Many automakers appear willing to risk alienating those potential customers in exchange for access to lucrative data. Others, including Tesla, are working to allow CarPlay to boost sagging sales, according to reporting by Bloomberg.

GM Strikes Deal to Put Apple Music in All of Its New Vehicles

GM Strikes Deal to Put Apple Music in All of Its New Vehicles

Losing CarPlay is a sore subject for many drivers: 39% of respondents to an American Trucks survey this month said a lack of the system (or Android Auto) is a “deal-breaker” when it comes to buying a new vehicle.

Many automakers appear willing to risk alienating those potential customers in exchange for access to lucrative data. Others, including Tesla, are working to allow CarPlay to boost sagging sales, according to reporting by Bloomberg.

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