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(Reuters) -Chip equipment maker Applied Materials forecast a $600 million hit to fiscal 2026 revenue after the U.S. expanded its restricted export list in a blow to sectors such as semiconductors, aircraft and medical equipment. Shares of Applied Materials fell about 3% in extended trading on Thursday after the company said in a filing the new rule would make it more difficult to export some products and supply specific parts and services to select China-based customers without a license. The U.S. Department of Commerce on Monday widened the export blacklist to include majority-owned subsidiaries of listed companies, cracking down on companies in China and other countries that use units and affiliates to circumvent certain U.S. export curbs. Applied Materials also expects an impact of about $110 million on fourth-quarter revenue. The company and rivals such as ASML Holding were already under pressure from weakness in China and U.S. tariffs. In August, Applied Materials provided dour sales and profit forecasts for the fourth quarter. The new rule is likely to disrupt supply chains even more and will greatly increase the number of companies that need licenses to receive American goods and services. To boost domestic production of the chips and reduce reliance on Taiwan, U.S. Commerce Secretary Howard Lutnick told NewsNation that Washington's pitch to the Asian chip powerhouse would be a 50-50 manufacturing split. Applied Materials reported third-quarter revenue rose 8% to $7.30 billion from a year ago, beating estimates of $7.22 billion, per data compiled by LSEG. The Santa Clara, California-based company's revenue rose 2.5% to $27.18 billion for fiscal 2024. (Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath)

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(Reuters) -Defense giant General Dynamics' information and technology unit had secured a $1.25 billion task order to support the U.S. Army in Europe and Africa, it said on Thursday, a week after announcing another $1.5 billion U.S. defense contract. The contract, awarded in September, covers a five-month base period for transition and seven option years, General Dynamics Information Technology (GDIT) said. Through the Enterprise Mission Information Technology Services 2 (EMITS 2) task order, GDIT will deliver enterprise IT, communications and mission command support services to U.S. Army's Europe and Africa's headquarters, subordinate organizations, NATO and other partners. The disclosure comes a week after GDIT said it secured an enterprise modernization contract worth $1.5 billion to help support the U.S. Strategic Command, or STRATCOM, to cut costs and increase efficiency — including by integrating artificial intelligence technologies. (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Sahal Muhammed)

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(Reuters) -Alphabet's Google and Comcast-owned NBCUniversal have reached a multi-year agreement to keep NBC shows such as "Sunday Night Football" and "America's Got Talent" on YouTube TV, wrapping up a difficult negotiation. YouTube TV, one of the biggest pay-TV distributors in the U.S., will carry NBCUniversal's full portfolio of networks such as NBC and CNBC under the deal, according to a statement from the companies on Thursday. YouTube, which is also a unit of Alphabet, will also offer NBCUniversal's Peacock streaming service through its Primetime Channels, a marketplace where users can subscribe to third-party streaming services through the YouTube app. “This deal builds on our longstanding partnership with NBCU while addressing the evolving media landscape and recognizing the importance of making content available where and how viewers want to watch it,” said Justin Connolly, global head of media and sports at YouTube. The agreement includes a multi-year extension of Peacock's availability across Google's Android platforms, including Google Play and Google TV. YouTube now accounts for the largest share of TV viewing in the U.S., ahead of streaming rival Netflix and traditional media companies such as Disney, according to analytics firm Nielsen. Talks with NBCUniversal had stalled earlier over the rates that YouTube TV will pay to carry its shows. The two companies agreed to a short-term contract extension on Wednesday, averting a blackout and ensuring YouTube TV subscribers retained access to NBCUniversal programming while negotiations continued. YouTube TV ranks among the four largest U.S. pay-TV distributors, and Alphabet's deep pockets have recently given the video platform leverage over Paramount Skydance and Fox Corp in carriage talks, according to media firms and analysts. (Reporting by Juby Babu in Mexico City and Dawn Chmielewski in Los Angeles; Editing by Alan Barona, Devika Syamnath and Bill Berkrot)

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(Reuters) -A group of Tesla shareholders including SOC Investment Group and several state officials urged investors to vote against Elon Musk's $1 trillion pay package at the company's November meeting, a regulatory filing showed on Thursday. In the letter to Tesla shareholders, the coalition – which also includes state treasurers of Nevada, New Mexico and Connecticut – called on investors to oppose the re-election of directors Ira Ehrenpreis, Joe Gebbia and Kathleen Wilson-Thompson. The group cited what it called the board's "relentless pursuit" of retaining Musk, saying it has delayed progress on key goals set at the last annual meeting, and pointed to declining operational and financial performance and a "failure to provide meaningful real-time oversight of management." Despite reporting record quarterly deliveries on Thursday, Tesla faces worries that the expiration of the U.S. EV tax credit could turn the buying rush into a trickle. Last month, Tesla's board proposed a $1 trillion compensation plan for CEO Elon Musk in what it described as the largest corporate pay package in history, setting ambitious performance targets and aiming to address his push for greater control over the company. Among the state officials opposing the package is New York City Comptroller Brad Lander, a longtime critic of Tesla's board and its oversight of Elon Musk. Although the city's pension funds are not among top shareholders of Tesla and other large companies, Lander and his staff have often been involved in reform campaigns that focus debates at annual meetings. His term as Comptroller ends Jan. 1, 2026. In response to Thursday's letter, Tesla said in a post on X that the performance incentive plan aligns Musk's compensation with shareholder value creation "of trillions of dollars." "If Elon Musk doesn’t deliver results, he receives nothing," the company said. (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Tasim Zahid)

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