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TLDR
MARKET RECAP → Stocks edged slightly lower on Tuesday as investors took some profits ahead of a highly-awaited Federal Reserve interest rate decision.
🪄LIBERATORE JOINS OPENAI → OpenAI has brought aboard Mike Liberatore, ex-xAI CFO, to scale its compute operations and deepen financial leadership, escalating its rivalry with Musk’s xAI in tech and boardroom battles.
🪄WEBTOON’S DISNEY WIN → Webtoon (WBTN) shares jumped ~30% after Disney (DIS) took a ~2% stake and partners on a unified digital comics platform featuring Marvel, Star Wars, and more under one subscription.
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AI
Liberatore Joins OpenAI

Gemini
🧾Ex-xAI CFO makes the move. OpenAI has hired Mike Liberatore, formerly CFO of Elon Musk’s xAI, as its new Business Finance Officer. He’ll report to CFO Sarah Friar and collaborate with Greg Brockman’s team to help scale OpenAI’s compute infrastructure.
🏗️ Big role, big responsibilities. Liberatore played a key part in xAI’s $5B debt raise and a separate $5B strategic equity deal earlier in 2025, giving him strong credentials in capital strategy and financial operations.
⚔️Rivalry heats up. The hiring underlines intensifying competition between OpenAI and xAI—both in talent acquisition and leadership positioning. The move adds fuel to existing legal and mission-based clashes between Sam Altman and Elon Musk.
MEDIA
Webtoon’s Disney Win

Gemini
📉Shares soar on new tie-up. Webtoon Entertainment (WBTN) shares jumped over 25–30% after the company and Disney announced a deal involving Disney acquiring a ~2% stake in Webtoon. The agreement also includes plans to jointly develop a new digital comics platform.
📚️ All-in on Disney’s library. The platform will feature thousands of comics—both current and archived—from Disney properties including Marvel, Star Wars, and 20th Century Studios. All titles will be available under a single subscription model.
🤝 Non-binding but momentous. While the deal is not yet final, CEO Junkoo Kim called it a “powerful next step” for Webtoon’s global growth and expanded collaboration with Disney. The companies still need to finalize legal and financial terms.
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