Stock Movers Microsoft and OpenAI Agreement; UPS Soars; Paypal Surges
10 snips
Oct 28, 2025 Danita Sokova, a Bloomberg News reporter, delves into the market's biggest movers. She discusses Microsoft's groundbreaking agreement with OpenAI, granting a 27% stake and access to AI models until 2032. UPS makes headlines with soaring profits thanks to ambitious cost-cutting, including significant job reductions. PayPal also gains traction with a new partnership with OpenAI, leading to an upbeat earnings forecast and a notable stock surge. Tune in for insights on these major corporate shifts!
AI Snips
Chapters
Transcript
Episode notes
Microsoft Secures Long-Term OpenAI Access
- Microsoft and OpenAI finalized a deal giving Microsoft a 27% stake worth about $135 billion.
- Microsoft retains access to OpenAI technology through 2032, including AGI-level models.
Deal Removes OpenAI Restructuring Uncertainty
- The agreement removes a major obstacle as OpenAI restructures into a traditional for-profit company.
- Markets reacted positively, lifting Microsoft shares and reducing uncertainty for both firms.
UPS Cuts Drive Earnings Surprise
- UPS beat profit expectations by cutting costs and announcing deep workforce reductions this year.
- The company eliminated roughly 32,000 jobs and closed 93 facilities to boost margins, driving a strong stock jump.