NTES News & Events

Yesterday, Paramount Skydance (PSKY) announced the formation of Paramount Games Studio, a unified gaming division that brings together all Paramount and Skydance gaming studios - including Skydance Interactive and Skydance New Media - under one roof. At the helm is Tony Driscoll, President of Paramount Games Studio, who will also continue in his role as EVP of Corporate Strategy and Development. "This division launch marks a meaningful evolution in how we think about games - not as an extension of our business, but as a core pillar of our content strategy alongside film, television and streaming," said Driscoll. "We are committed to creating exceptional games for every type of player, from casual to AAA, and building enduring experiences across our beloved Paramount IP and original worlds that deepen fan engagement and drive long-term growth." Publicly traded companies in the space include Electronic Arts (EA), GameStop (GME), NetEase (NTES), Nintendo (NTDOY), Take-Two (TTWO), Tencent (TCEHY) and Ubisoft (UBSFY).

Stock futures are trading lower as investors continue to grapple with rising Treasury yields, sticky inflation concerns and renewed geopolitical tension. The recent climb in long-dated Treasury yields has been noteworthy, with the 10-year yield hovering around 4.6% and the 30-year yield above 5%, levels that have pressured equity valuations and raised concerns that borrowing costs could stay elevated longer than markets previously expected.Technology shares were mixed following earnings from Nvidia, which topped expectations and included an $80B buyback authorization. Meanwhile, AI-linked and quantum computing names surged after the U.S. government announced major funding initiatives benefiting companies tied to advanced computing infrastructure.Energy markets were back in focus after reports suggested Iran intended to maintain near-weapons-grade uranium stockpiles, reigniting fears of potential disruption in the Strait of Hormuz. Oil prices climbed sharply on the headlines, reviving worries that higher energy costs could complicate the Federal Reserve's inflation fight and delay any meaningful rate cuts.In pre-market trading, S&P 500 futures fell 0.35%, Nasdaq futures fell 0.54% and Dow futures fell 0.30%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Applied Digitalup 9% after disclosing pact with a hyperscaler for its fourth AI Factory campusUP AFTER EARNINGS -Elf Beautyup 8%Nioup 6%UP AFTER $2B IN TRUMP ADMINISTRATION GRANTS -Infleqtionup 23%D-Wave Quantumup 15%Rigetti Computingup 13%GlobalFoundriesup 13%IBMup 6%DOWN AFTER EARNINGS -Intuitdown 15%NetEasedown 4%Deeredown 3%Walmartdown 2%