Paramount Earnings Raises the Bar For Disney, Plus the CHIPS Act Turns One 8/8/23
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: Shares of Paramount are lower today despite topping revenue expectations in its Q2 results. The beat raises the bar for Disney, which reports after the bell today amid a host of industry-wide challenges, including an ad contraction, pressure to cut streaming costs and a strike. And then there are the company-specific issues that Disney faces, including the performance of its franchise films, attendance issues at parks, and more. Plus, the $53 billion CHIPS Act aimed to jump-start the production of leading-edge semis in America - but a year later, funds have yet to be dispersed -- and firms have already spent billions of dollars. We report from a soon-to-be Wolfspeed chip plant in Siler City, NC.
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