Alex Ossola

Why are investors betting this is such a big deal for AMD?

Are there any downsides to that kind of structure of a deal?

Back to the specifics of this deal for a second.

I mean, six gigawatts worth of AI computing power, that sounds like a lot.

Is it?

That was WSJ reporter Robbie Whelan.

Thanks, Robbie.

U.S.

stocks rose today as news of the MetaAMD chip deal took some of the sting out of a viral AI report that contributed to yesterday's sell-off.

Major U.S.

indexes were up, with the Nasdaq leading the gains, adding about 1%.

The Dow and the S&P 500 were both up about 0.8%.

In other corporate news, Novo Nordisk says it plans to slash U.S.

prices for two of its most popular drugs.

Starting next year, weight loss and diabetes drugs Wagovi and Ozempic will have list prices of up to 50 percent lower than their current prices.

The reductions escalate a price war with rival Eli Lilly, though Novo says it's making its first-ever price cuts to improve patient access and affordability.

Its stock closed down about 3 percent.

And Warner Bros.

Discovery said today that it has received a revised offer from Paramount to buy its entire company, but didn't provide details of what the offer included.

Warner said it's reviewing the bid.