Xbox reportedly rejected Netflix’s $500 million offer for exclusive video game adaptation rights

Netflix laid off 1,000 employees, including top executives like Bela Bajaria, due to slow subscriber growth and content quality concerns. The company's release strategy and cancellation of shows have been criticized. New chief content officer Peter Rice is expected to improve content quality.

Pegasystems (PEGA) reported Q2 revenue of $393.4M, up 3.1% YoY, missing estimates by 6.6%. ServiceNow (NOW) reported $3.99B in revenue, up 24% YoY, beating estimates. Microsoft (MSFT) reported $90.01B in revenue, up 17.7% YoY, exceeding expectations. PEGA's stock is up 1.9%, NOW up 64%, and MSFT up 33.5% since reporting.

Amazon and Google signed 20-year deals with Constellation Energy for nuclear power, totaling $4.3B. Amazon secured 690 MW from Calvert Cliffs, while Google's deal covers 11 reactors. Critics question if these agreements will meet data center demand and impact household electricity costs. The Energy Department approved $4.4B in loans for nuclear facilities. Meta, Microsoft, and Amazon have also made significant nuclear power agreements.

Helen Chiang, Xbox's COO, left Microsoft after three months. She had led Minecraft and was promoted in July. Xbox CEO Asha Sharma thanked her but gave no reason. Chiang's responsibilities will be split among other leaders. Microsoft plans 3,200 job cuts by 2027, with more layoffs expected this year and next.

Helen Chiang, Xbox's first COO, left the role three months after appointment. CEO Asha Sharma thanked her for 21 years of service. Xbox is undergoing restructuring, with 3,200 layoffs expected this year. Arkane Lyon's future is uncertain. EA closed BioWare, canceling the next Mass Effect game.

Helen Chiang, Xbox's first COO, left Microsoft after 21 years, months after her promotion. Xbox CEO Asha Sharma announced the departure, attributing it to personnel matters. The COO role was created in July as part of a restructuring plan that includes layoffs. Chiang's duties are temporarily split among other Xbox leaders.