Business

• Oracle's lease commitments jump by almost 150% as company builds out to meet AI demand - Oracle's lease commitments now total $248 billion, with $10 billion tied to cloud capacity.
• Costco tops Wall Street's sales and revenue expectations - Costco on Thursday surpassed Wall Street's quarterly expectations as its sales rose 8.2% year over year.
• Broadcom beats on earnings and revenue, says AI chip sales will double in current quarter - Broadcom stock is near an all-time high and has climbed 75% so far in 2025.
• Rivian announces new AI tech, in-house chip and robotaxi ambitions - The company has also developed AI models to power its Autonomy+ subscription, which it intends to roll out early next year for $2,500 upfront or $49.99 a month.
• Eli Lilly's next-generation obesity drug delivers strong weight loss, reduces knee pain in late-stage trial   - The drugmaker is betting big on retatrutide as the next pillar of its obesity portfolio after its weight loss injection Zepbound and its upcoming pill. 
• Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom - South Korea's SK Hynix is considering a U.S. listing as it grows in market cap and production capacity.
• Oracle's stock slides 7% on revenue miss even as AI backlog soars - Oracle flagged new business from Meta and Nvidia in reporting a 438% increase in remaining performance obligations.
• Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
• Rivian turns to AI, autonomy to woo investors as EV sales stall - Rivian is under pressure to deliver future growth potential for investors and expand its customer base amid slowing sales of electric vehicles.
• Comcast president outlines unsuccessful WBD offer and future of NBC's Peacock - Comcast made multiple offers for Warner Bros. Discovery's streaming and studio assets before Netflix was deemed the winning bidder.