Ginny Casola

The Motion Picture Association is accusing ByteDance, parent company of TikTok, of allowing its C-Dance artificial intelligence tool to use U.S.

copyrighted works.

on a massive scale without permission.

Seedance is said to use likenesses and voices of actors and others, blatantly violating copyright laws.

ByteDance says it's taking steps to boost safeguards to prevent unauthorized use of intellectual property and adds that it respects intellectual property rights.

Seedance is currently only available in China.

Actors union SAG-AFTRA says it stands with the studios condemning the blatant infringement.

Fewer people filed for unemployment benefits at the start of February.

The number of new claims declined by 5,000 to 227,000 in the week ending February 7th.

Claims have been holding in a range, suggesting many employers have not been conducting large-scale layoffs.

More people remained on benefits at the end of January, though.

The number of continuing claims for the week ending January 31st rose by 21,000 to 1.86 million.

Research firm IQVIA says there were 3,071 retail prescriptions filled for the Novo Nordisk Wegovi pill in the first four days after it launched on January 5th, which is considered an encouraging start.

Demand is likely even stronger because IQVIA did not include prescriptions filled through online pharmacies and through Novocare, Novo Nordisk's own service.

Analysts at Barenburg say the WeGoV pill could see sales of a billion dollars this year.

though they say Novo Nordisk needs to maximize its head start in the weight loss pill market over Eli Lilly.

The PCE price index for August rose three-tenths of a percent, up slightly from July.

For the year ending in August, it nudged up to 2.7 percent.