Hulu, The Walt Disney Company
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Walt Disney Co. (NYSE: DIS) shares are trading higher Tuesday after the company announced it will pay Comcast $438.7 million to acquire the company's 33% stake in Hulu.
The lawsuit, filed in U.S. District Court in Los Angeles, claims the AI company Midjourney generates images that “blatantly incorporate and copy” the movie studios’ famous characters.
U.S. equities were mostly edging higher at midday with the market watching for developments in U.S.-China trade negotiations.