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Meta Platforms (META.O) narrowed its losses to 3%, after falling more than 5% earlier, reportedly after Meta was in talks to lease computing power to Anthropic.July 18th - According to the New York Times, three sources revealed that Meta Platforms (META.O) is in talks to lease its AI data center computing power to Anthropic in a two-year deal potentially worth up to $10 billion. Sources said Anthropic proposed the deal in June, and Meta is currently evaluating it; details are still being finalized. Under the proposed agreement, Anthropic will pay Meta in monthly installments over two years, and both companies have the right to terminate the agreement early. The computing power Anthropic is currently proposing to Meta is only one-third the size of its contract with SpaceX in May of this year. Sources indicated that negotiations are still in the early stages and may not ultimately materialize.According to the New York Times, Meta Platforms (META.O) is in talks with Anthropic about a computing power leasing agreement that could be worth up to $10 billion and last for two years.According to Axios: In response to a potential escalation of the situation, the United States has deployed dozens of additional refueling aircraft to Israel.Qatars Ministry of Foreign Affairs: Iran must immediately and completely cease all military operations and acts of aggression that threaten regional security and stability, avoid any actions that could escalate, earnestly return to the path of dialogue and negotiation, and abide by the understandings reached through diplomatic efforts.

Coca-Cola HBC's Profit Rises Due to Price Increases And Expense Reductions

Skylar Williams

Feb 14, 2023 17:01

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Coca-Cola (NYSE:KO) HBC AG announced a higher-than-anticipated operating profit for 2022 on Tuesday, aided by pricing increases and cost-cutting efforts.


However, the bottler anticipates organic operating profit growth between +3% and -3% in 2023.


For the year ending December 31, Coca-Cola HBC reported earnings of 703.8 million euros ($755.5 million), which was above the company-compiled analysts' estimate of 658.2 million euros.


Although there has been a shift in consumer spending due to customers' preference for cheaper options in the face of rising inflation, demand for packaged beverages and foods has remained robust despite price increases.


The wide portfolio of the Switzerland-based firm includes alcoholic beverages such as The Macallan and Jack Daniel's, fizzy drinks Sprite and Monster Energy, and Bambi cookies and wafers.


According to the company-compiled consensus, analysts anticipate an organic operating profit of around 865,6 million euros in 2023, representing a year-over-year increase of 23%.

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