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Luke Kawa10/7/25

AMC rises after announcing that its Taylor Swift viewing parties were “a record-setting, box office smash hit”

AMC is up in premarket trading after the theater company said that its “cinematic experience” for the release of Taylor Swift’s “The Life of a Showgirl” grossed more than $50 million, with $34 million of that in the US.

The company’s press release from after the close on Monday highlighted three records the release party broke in its three-day run:

“TAYLOR SWIFT | THE OFFICIAL RELEASE PARTY OF A SHOWGIRL is the biggest grossing album-debut theatrical event of all time at the domestic and global box office.”
“It is the only album-debut cinematic experience in history to finish No. 1 at the domestic box office.”
“It is the only ‘non-film’ theatrical event this century to finish a weekend No. 1 at the domestic box office.”

Shares of the company had jolted higher when this collaboration was initially unveiled on September 19.

“On behalf of AMC Theatres and the entire theatrical exhibition industry, I extend our sincerest appreciation to the iconic Taylor Swift for bringing her brilliance and magic to movie theatres this weekend,” AMC Chairman and CEO Adam Aron said. “Her vision to add a cinematic element to her incredible album debut was nothing less than a triumph.”

(I’m a card-carrying Swiftie, but I have to say this album was very meh, almost like she’d promised Travis Kelce his own version of “Lover” because Joe Alwyn got one.)

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Max Knoblauch2h

Chinese EV maker Nio is climbing on Monday following news that the company provided a million battery swaps in China in less than a week. Nio shares are up about 6%.

Nio’s battery swap process is an alternative to charging. Depleted EV batteries are swapped out at stations for fully charged ones in less than three minutes — significantly faster than fast charging.

The company, which operates 3,750 swap stations, said it has broken daily swap records in China six times this month, as millions travel across the country over the Lunar New Year holiday. On Sunday, Nio performed 177,627 swaps.

Earlier this month, Nio CEO William Li said the company would add 1,000 swap stations this year.

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PayPal jumps after report of unsolicited takeover interest

Bloomberg reports that PayPal is the subject of takeover interest, with shares down nearly 90% from their 2021 closing high.

Per the report, management “has fielded meetings with banks amid unsolicited interest from suitors,” citing people familiar with the matter.

After being briefly halted for volatility, shares jumped 8%.

There’s reportedly appetite from “one large rival” to buy the entire company, while other potential purchasers want only certain parts.

Shares of the payments company recently closed at their lowest level since 2016, having lost ground to the likes of Apple and Google in the digital realm.

Earlier this month, shares cratered after the company posted weaker-than-anticipated Q4 results and 2026 profit guidance while announcing its CEO would soon be leaving the company.

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Matt Phillips3h

Sandisk shakes off slide from secondary offering

Sandisk continued to shake off a slump that hit the shares last week after it priced a secondary offering of almost 6 million shares owned by its former parent, Western Digital.

Tomorrow marks a year since Sandisk started trading on its own, after its spin-off from WDC. The stock soared amid a global shortage of memory chips that seemed to catch even experts completely off guard. The stock is up almost 1,300% since it began trading independently.

The company appeared to tease an event or product launch for tomorrow, February 24, in an X post on Friday, but the specifics were not entirely clear.

Sandisk’s gain over that period is the largest of any constituent of the S&P Total Market Index with a market cap of $4 billion or more — and the third-largest increase overall, out of its roughly 3,800 constituents.

Year to date, Sandisk is among the best performers in the Russell 1000 Technology Index and a key driver of the trend that has seen small clutch of hardware manufacturers trounce software shares.

Software stocks crater as independent research piece details potential AI dystopian scenario

The lowlights in this dystopian not-too-distant future: unemployment high despite elevated nominal growth and productivity, and the stock market tumbling as credit stress from companies laid low by AI metastasizes.

Man in desert with robodog and floating tower blocks

BANKROLL ALT RECEIPT

OpenAI’s planned cash burn was unlike anything we’d ever seen — now they’re doubling it

OpenAI is still the molten mass at the center of the AI universe, burning billions as it pulls talent, capital, and companies into its orbit.

OpenAI burning

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