Trump-Iran Ceasefire Sends Dollar Tumbling as Global Currencies Surge 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
Gold Prices Surge to Three-Week High as Trump-Iran Ceasefire Weakens Dollar 
Global Markets Waver as U.S.-Iran War Deadline Looms and Oil Prices Surge 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Asian Currencies Waver as Dollar Holds Firm Amid Middle East Tensions 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Apple Turns 50: From Garage Startup to AI Crossroads 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
RBNZ Holds Rates at 2.25% as Middle East Conflict Fuels Inflation Concerns 
Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns 
US Dollar Dips as Iran Rejects Ceasefire Amid Rising Middle East Tensions 
European Stocks Hold Steady as Iran Ceasefire Deadline Looms 
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.
