$CMCSA

CoreWeave shares and bonds fell 16% due to debt concerns. Anthropic's Q3 revenue rose 45% to $16.8B. Netflix cut 6% of workforce. Penske Automotive to go private for $16.3B. Hyundai recalls 94K Genesis vehicles. Comcast's Sky deal may face UK intervention. Ericsson's Q3 revenue rose 6% to 59.5B SEK. Antofagasta's Q3 copper output up 7%. TSMC's Q3 net income jumped 69% to $23.59B. Jio Platforms plans $3.2B IPO.

The Washington Post revealed donors to President Trump's $333 million White House ballroom project, including Nvidia, Apple, and Dish Network, each contributing $25 million. Donors requested anonymity, and some have benefited from government actions. The funds are routed through a nonprofit, raising concerns about influence. The total falls short of Trump's $400 million goal, with taxpayer dollars covering some costs.

UK Culture Secretary Lisa Nandy is considering intervening in Sky's £1.6bn takeover of ITV, citing concerns over media plurality, freedom of speech, and streaming market impact. Sky and ITV have until Oct 20 to respond before a decision is made. ITV's production business will remain separate and listed on the London Stock Exchange.

The U.K. government is considering intervening in Sky's $2.1 billion acquisition of ITV's TV and streaming assets, citing concerns over market concentration and media plurality. Sky, owned by Comcast, aims to merge with ITV to compete with global streaming platforms. The deal, valued at £1.6 billion, is subject to regulatory approval.

Comcast (CMCSA) reported a 3.8% decline in average revenue per broadband customer in Q2 2026, with 167,000 broadband customers lost. The company chose not to raise rates and offered free wireless lines, impacting operating profit. Management expects improvements in Q3 as promotional offers end. Comcast's stock is down 21% over the past year, trading at 6.6 times earnings.

Tech firms like Amazon, Apple, Comcast, Meta, Microsoft, and Nvidia, which donated to Trump's White House ballroom project, may face subpoenas if Democrats win the House in November. Donations included $25M from Apple and $10M from Microsoft, with total contributions to the Trust for the National Mall rising to $320M in 2025. Democrats plan to scrutinize corporate ties to the administration, including government contracts and business practices, but this does not imply wrongdoing.

Comcast (CMCSA) added 448,000 wireless lines in Q2 2026, a record, but lost 167,000 broadband subscribers. Revenue per broadband customer fell 3.8%. The company is offering free wireless lines, which may become paid. Comcast stock is down 23% in a year, trading at 6.6x earnings. The company paused share buybacks until its planned separation into two companies.

Bernstein cut price targets for Verizon (VZ), Comcast (CMCSA), T-Mobile (TMUS), and Charter (CHTR) due to competition from SpaceX's (SPCX) Starlink mobile plans. Bernstein maintained 'Market Perform' ratings, citing competitive pressure and pricing moves. Despite cuts, all four stocks rose in morning trade, with CHTR up 2.3%.

T-Mobile (TMUS), Comcast (CMCSA), and Joby Aviation (JOBY) stocks hit 52-week lows. CMCSA fell 25% YTD due to Universal Studios' weak performance. JOBY dropped to $5.23, with Barclays cutting its target to $4, citing high cash burn and insider selling. Retail sentiment on Stocktwits shifted for both stocks.

Comcast, Fastly, and NBCUniversal are collaborating to optimize Peacock's live-streaming infrastructure by moving it closer to subscribers within Comcast's network. This aims to improve efficiency and reliability, particularly during major sporting events. The setup reduces data travel distance and limits duplicate content transmission. Fastly's software will operate from Comcast's edge computing centers, extending beyond video to APIs and security.