NEW YORK, NY / ACCESSWIRE / May 22, 2018 / Netflix shares saw a pop on Monday after announcing a multi-year agreement with Barack Obama and Michelle Obama to produce series and features. Shares of Google's parent company Alphabet Inc. also saw a rise after Google Photo announced new features in its photo sharing service. It was also yesterday that Microsoft and Google researchers revealed a new chip flaw but said that the risk is low.
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Netflix, Inc. shares closed up 2.36% on Monday with around 6.2 million shares traded. The streaming giant had big news to start off the week, announcing that it has signed a production deal with the former president of the U.S., Barack Obama, and his wife Michelle. The agreement is for the production of films and series. According to Netflix's Chief Content Officer, Ted Sarandos, the former first couple are "uniquely positioned to discover and highlight stories of people who make a difference in their communities and strive to change the world for the better." Barack Obama stated, "One of the simple joys of our time in public service was getting to meet so many fascinating people from all walks of life, and to help them share their experiences with a wider audience. That's why Michelle and I are so excited to partner with Netflix – we hope to cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between people, and help them share their stories with the entire world." The former first couple have formed a company called Higher Ground Productions to create the content.
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Alphabet Inc. shares closed up 1.34% on about 1.1 million shares traded yesterday. The company made headlines after cyber security researchers detected a new security flaw that affects modern computing chips. The flaw is related to the Spectre and Meltdown chip flaws that emerged in January this year. Called Speculative Store Bypass or " Varient 4," the flaws were disclosed by security researchers at Microsoft and Alphabet Inc.'s Google. The flaws also affect chips from Intel, and Advanced Micro Devices. Fortunately, researchers have said that the risks are low. Chipmaker stocks were little changed in yesterday's trading on the news. In other news, Google Photos announced that it's adding a new star-shaped Favorites button to its photo-sharing service. There will also be a heart-shaped "Like" button next week.
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