New York Times Escalates Battle Against Perplexity With New Lawsuit

The latest Market Talks from The Wall Street Journal provide insights into major players in the technology, media, and telecom sectors, including Netflix and Shopify. These discussions reflect current market dynamics and investor sentiment, highlighting the evolving landscape of these industries.

This week, rate-sensitive stocks, particularly in the airline and trucking sectors, experienced significant gains as investors anticipate potential interest rate cuts by the Federal Reserve. This optimism has driven stock prices closer to record highs, reflecting a positive sentiment in the markets.

Netflix has announced its intention to acquire Warner Bros. for $72 billion in a deal that includes both cash and stock. This acquisition is contingent upon Warner Bros. completing the spinoff of its networks division, which includes major channels like CNN, TBS, and TNT.

SpaceX is reportedly in discussions to achieve an $800 billion valuation ahead of a potential initial public offering (IPO) planned for the second half of 2026, as indicated by the company's CFO to investors. This valuation would position SpaceX as one of the most valuable companies in the commercial space sector.

The New York Times has filed a lawsuit against the AI startup Perplexity, alleging that it illegally copied millions of articles and displayed them without permission. The lawsuit also claims that Perplexity's generative AI products create fabricated content, misattributing it to the newspaper while violating its trademarks under the Lanham Act.

The New York Times has filed a lawsuit against the A.I. start-up Perplexity in federal court, alleging the unauthorized use of copyrighted material. This legal action is part of a broader trend, as it joins over 40 similar disputes between copyright holders and A.I. companies, highlighting ongoing tensions in the industry.

The University of Michigan's monthly index of consumer sentiment for December has shown a slight increase compared to November, although it remains significantly lower than the beginning of the year. This indicates a modest recovery in consumer attitudes amidst ongoing economic challenges.

The Federal Reserve's preferred inflation gauge indicated a moderate trend in September, remaining below 3%, with a month-over-month price increase that is not expected to hinder discussions of a potential interest rate cut at the upcoming central bank meeting.