00:01Wall Street's post-election celebration has turned into a massive sell-off.
00:06The Dow plunged more than 1,800 points Thursday, while the Nasdaq dropped 5.5 percent,
00:12as investors dumped technology and artificial intelligence stocks.
00:16The sell-off wiped out Wednesday's post-election gains, with fears growing that Democrats'
00:21takeover of Congress could bring tougher restrictions on AI data centers.
00:25The dramatic reversal has investors questioning whether Wall Street's AI boom is running out of
00:31steam. Amazon is teaming up with Uber Eats to give Prime members another major perk.
00:37Starting Thursday, subscribers can order restaurant delivery directly through Amazon,
00:42with zero delivery fees on qualifying orders of $25 or more. Amazon is also offering $20 off each
00:50of the first two qualifying orders during a limited introductory promotion. The partnership
00:55replaces Amazon's previous Grubhub deal and intensifies the delivery battle with DoorDash.
01:01Wendy's is fighting to stay independent after rejecting a $1.4 billion takeover offer
01:07from billionaire investor Nelson Peltz and his partners. The fast food chain adopted a defensive
01:13strategy designed to prevent a hostile takeover as it struggles with falling sales and changing
01:19consumer habit. Wendy's is also shaking up its menu, improving ingredients, and making breakfast
01:24optional at some restaurants. The company is betting those changes can bring customers back
01:29without selling the business.
01:32OpenAI is launching a campaign to win over communities increasingly frustrated with the
01:37rapid expansion of artificial intelligence data centers. Following election victories by candidates
01:43critical of the projects, the company announced new transparency measures, including giving residents
01:48more information about construction, traffic, and noise. OpenAI also says it will stop using
01:55nondisclosure agreements with public officials during negotiations over future locations. The growing
02:01opposition could threaten the massive infrastructure expansion powering America's AI boom.
02:07Elon Musk's business empire is facing renewed pressure as Tesla and SpaceX shares extend their losses
02:14following the Democrats' midterm victories. Investors are weighing whether a shift in Washington could
02:19complicate the company's plans, particularly around AI infrastructure and potential corporate
02:25restructuring. The losses come as technology stocks broadly retreat over concerns about regulation
02:31and the future of the AI investment boom. The political shakeup is creating fresh uncertainty
02:36for two of Musk's most closely watched companies.
