Netflix shares are sharply higher in premarket trading after the company said it lost fewer subscribers than anticipated during the latest quarter. The streamer also said it aims to unveil its lower-cost, ad-supported tier in early 2023. Netflix had warned investors it expected to shed around 2 million subscribers, but only lost about 970,000 during the three month period ending June 30.
Chevron and Google are part of a $250 million funding raise for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion. Nuclear fusion is often referred to as the holy grail of clean energy because of its promise of generating nearly unlimited emission-free energy without the equivalent harmful, long-lasting radioactive waste that nuclear fission produces.
