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July 7th, OPEC+s latest oil supply shock wave will exacerbate oversupply later this year, putting pressure on prices for global producers, while responding to U.S. President Trumps call for lower fuel costs. OPEC and its allies have reason to believe that, at least in the short term, surging oil production can also find buyers, and OPEC leader Saudi Arabias increase in oil prices after the decision also hinted at this confidence. But even before OPEC unexpectedly accelerated its production increase last Saturday, the global oil market seemed not far from a winter oversupply. "Right now, the oil market remains tight, which suggests that the market can accommodate more oil," said UBS analyst Giovanni Staunovo. "But rising risks, such as continued trade tensions, mean that the market may be less tight in the next 6-12 months, which will pose downside risks to prices."July 7, Trump: I am sad to see Musk completely "derailed" in the past five weeks, like a train wreck. I think it is inappropriate to let a very close friend of Musk run NASA, Musk is involved in the space industry, and NASA is an important part of Elons corporate life.The Reserve Bank of New Zealands shadow committee recommended keeping the cash rate unchanged this week.WTI crude oil opened down 1% and is now trading at $64.95 per barrel.Trump: Will discuss with Israeli Prime Minister Netanyahu about reaching a permanent agreement with Iran.

Microsoft Will Offer Call of Duty for Nintendo And Sony

Charlie Brooks

Dec 08, 2022 11:46

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Wednesday, Phil Spencer, CEO of Microsoft (NASDAQ:MSFT) Gaming, stated through Twitter that the business has committed to providing "Call of Duty" to Nintendo platforms for the next decade.


The popular first-person shooter franchise from Activision Blizzard (NASDAQ:ATVI) has been launched for several of Nintendo's previous platforms, but not for Switch, the Kyoto-based business stated.


The news comes after authorities voiced worry that Microsoft's proposed $69 billion acquisition of the "Call of Duty" creator may inhibit competition, with competitor Sony (NYSE:SONY) Group Corp condemning the agreement and urging regulators to block it.


Microsoft President Brad Smith tweeted: "Our purchase will make Call of Duty accessible to a record number of gamers and platforms... We'd be willing to negotiate a 10-year contract for PlayStation with @Sony whenever they're ready to sit down."


This year, Sony's games director Jim Ryan deemed insufficient Microsoft's promise to maintain the "Call of Duty" franchise on PlayStation for three years beyond the expiration of the present arrangement.


"I believe this is an effort by Microsoft to pressure Sony into signing a deal with Activision and to make it easier for Microsoft to complete and close the deal with Activision," said Serkan Toto, founder of the Kantan Games consulting firm.


It is essentially positive PR for Microsoft.


Sony executives were unavailable for comment immediately.


Microsoft competes with Sony and Nintendo in the worldwide video game business, which has experienced significant growth in recent years as a result of people spending more time at home due to the coronavirus outbreak.


Following the Microsoft announcement, Nintendo shares finished 0.3% higher, outperforming the Nikkei average fall of 0.7% and Sony's decline of 1.2%.

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