On this episode of Stock Movers:
- Microsoft (MSFT) and OpenAI finalized a new agreement in a long-negotiated partnership.Under the new pact, Microsoft will get a 27% ownership stake in OpenAI worth about $135 billion, the companies said in a statement Tuesday.In addition, Microsoft will have access to the artificial intelligence startup’s technology until 2032, including models that achieved the benchmark of AI general intelligence.
- United Parcel Service (UPS) shares soared after it smashed Wall Street’s profit expectations by cutting costs and eliminating 34,000 jobs this year.The cuts to its permanent operational workforce — a group that includes drivers and package handlers — marked a 70% increase from its previous target. As part of the sweeping cost-savings initiative, UPS has closed daily operations at 93 leased and owned buildings in 2025, according to a statement Tuesday.
- PayPal (PYPL) shares surged after it announced a partnership with OpenAI and boosted its adjusted earnings per share guidance for the full year, with the guidance beating expectations. Third quarter EPS and net revenue also came in above the average analyst estimates.