On this episode of Stock Movers:
- Tesla (TSLA) is higher and pairing early gains after US auto safety regulators opened an investigation into Tesla Inc. doors, citing incidents in which exterior door handles stopped working and trapped children inside. The National Highway Traffic Safety Administration's investigation is focused on the operability of the electronic door locks from outside of the vehicle as that circumstance is the only one in which there is no manual way to open the door.
- Oracle (ORCL) is higher on a CBS report that the company could provide AI infrastructure ands support on a US-TikTok deal. US and Chinese representatives discussed TikTok, trade and the economy during high-level talks. The talks included national security issues and the status of ByteDance Ltd.'s TikTok, which faces a deadline to reach a deal to continue operations in the US.
- Dave & Buster's Entertainment (PLAY) is in decline after the restaurant operator reported adjusted earnings per share and revenue for the second quarter that came in well below the average analyst estimate. Analysts cut their estimates and price targets on the stock.
- Webtoon Entertainment (WBTN) jumped after news Walt Disney is bringing its marquee comics to a new digital platform and app in partnership with Webtoon. Disney announced it plans to acquire a 2% equity interest in Webtoon as part of a deepening partnership between the two companies to build the new service.
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