Stock Movers: Oracle, Tesla, Dave & Buster's, and Webtoon Entertainment

Tesla's Auto Safety Investigation

• ⚠️ Tesla shares are seeing gains pared back due to an investigation by auto safety regulators into the electric door handles of certain Model Y vehicles.
• 💡 The issue could trap occupants inside when the vehicle loses power, particularly after crashes, with reports of children being affected.
• 🔍 This investigation follows a Bloomberg report on the same safety concern, which has been linked to injuries and fatalities.

Oracle and the TikTok Cloud Deal

• ☁️ Oracle shares rose significantly on news that it is part of a group of companies that will allow TikTok to continue operating in the US under a new agreement.
• 🤝 Treasury Secretary Scott Bessent indicated a framework for a TikTok deal has been reached, potentially closing within 30-45 days.
• 🔒 Bloomberg Intelligence suggests Oracle's role will likely be limited to providing cloud services, ensuring no TikTok data flows back to China, with a low likelihood of an equity investment.

Dave & Buster's Financial Performance

• 📉 Dave & Buster's (PLAY) shares fell as much as 15% after reporting second-quarter adjusted earnings per share and revenue below estimates.
• 🎯 The company opened three new locations and plans to open at least five more in the next six months, but this did not offset the disappointing financial results.

Webtoon Entertainment's Disney Partnership

• 🚀 Webtoon Entertainment (WBTN) shares surged by up to 47% following a significant partnership with Walt Disney.
• 📚 Disney plans to bring its marquee comics from franchises like Disney, Marvel, and Star Wars to Webtoon's digital platform and app, acquiring a 2% equity interest.
• 🌟 This collaboration expands Webtoon's offering, which previously included Marvel Unlimited with access to around 30,000 comics for about $10 a month, now integrating a larger selection from Disney's vast library.