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And I'm Med Ludlow in San Francisco, this is Bloomberg Technology.

And boy, do we have a lot to digest today, particularly on the Disney Front?

It is front and center as company cuts 7,000 jobs.

Disney Plus subscribers actually drop.

We bring you full coverage throughout the hour. And Google shares tumbling by the most since October,

as doubts rise over the accuracy of the search giant's AI technology.

We'll bring you the details.

Plus Hermes wins out versus Meta Perkins.

We'll discuss the first ever trademark trial examining NFTs as the case tests the line

between art and consumer products.

All that and so much more coming up.

One name that everyone wants to hear about is Disney.

Shares really accelerating their gains in after hours,

not necessarily on the beat on the bottom line, but on what they had to say about going forward.

Targeting $5.5 billion in cost reductions, cutting around 7,000 jobs, but reiterating that profit guidance for the direct to consumer or streaming business in 2024.

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