Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Netflix has been canceling some projects as it starts cutting back as part of its cost-saving plan. The company’s disappointing first-quarter results pushed it to drop several shows, and this includes the “Pearl” animated series that was created by Meghan Markle.
Netflix quashed the said series, which is one of Meghan and Prince Harry’s Archewell Productions’ projects. This means that the development of “Pearl” will not be pushing through as the video streaming giant decided to drop it from its show lineup.
The company took this step to save on costs after its failure to earn better profits for the first quarter of this year. This only proves that even the Royal Family is not exempted from the flood of cutbacks as Netflix tries to adjust to its situation after the stock fell due to the drop in the number of subscribers.
As per CNBC, the cancellation of the Meghan Markle-created series is a strategic move related to its production of animated series. Prince Harry’s wife’s animated show was first announced in 2021 and now has been shelved along with some other titles.
Then again, it was reported that despite the show’s removal from the development lineup, Netflix will still continue to work with the couple’s Archewell Productions since they still have other projects in their agreement. The pair is expected to create docuseries, documentaries, feature films, and children’s programs for release on Netflix as part of their multi-year deal.
In any case, one of the negative effects of the cancellation of “Pearl” is that many of the staff have been laid off. Based on the report, the company terminated an undisclosed number of employees.
Meanwhile, Deadline reported that “Pearl” is still in the development stage, so Netflix has not yet spent much on it. Since this animated series has already been removed, Meghan Markle and Prince Harry’s other shows are still expected to be produced and released on the video streaming site. As for the scrapped shows, it was speculated that Netflix told producers to take the projects to be developed somewhere else.
