Recap: Investors sighed after Amazon, Alphabet, Microsoft, and Meta delivered better-than-anticipated earnings last week, showing how low expectations have fallen. Also: tech execs could not stop saying “AI.”
K-Flix: More “Squid Game” please. Netflix plans to splurge $2.5B to produce South Korean content, which was watched by over half of subscribers last year. From K-pop to K-drama, Korea has become an entertainment powerhouse.
Cleanup: Norfolk Southern said the derailment of one of its trains — which spilled toxic chemicals into an Ohio town — would cost it nearly $400M. The disaster has led to broader scrutiny of the rail industry’s safety practices.
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