Communications Services Stocks Fall

Dow Jones06-26

Shares of communications services companies fell as investors shifted into sectors perceived as safer.

U.S. artificial-intelligence lab Anthropic has accused Chinese e-commerce giant Alibaba of "illicitly" accessing its frontier model Claude to harvest its capabilities. In a letter obtained by The Wall Street Journal, Anthropic alleged that Alibaba and its AI unit conducted "the largest known distillation attack" on the company to date.

Federal Communications Commission Chairman Brendan Carr said that ABC is running a "campaign of misinformation" about the regulatory agency's inquiry into the network's daytime talk show "The View." On Monday, Disney's ABC launched a campaign in opposition to the FCC's investigation into whether "The View" should be subject to its "equal time" rules, which require a network that features a candidate during election season to offer similar air time to rival contenders.

BlackBerry raised its fiscal 2027 outlook on higher first-quarter results, driven by embedded-software growth and expanding opportunities with artificial intelligence.

Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

June 25, 2026 18:18 ET (22:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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