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UPDATE: President Joe Biden seized on the news of a slowing rate of inflation in November to make the case that it is a reason for optimism. “Make no mistake: prices are still too high,” Biden said from the White House, where he was flanked by his economic advisers. “We have a lot more work to do…

Showbiz shares followed broader market lower Friday after Federal Reserve chair Jerome Powell indicated the central bank will continue aggressively raising interest rates to fight inflation. "Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better…

The S&P 500, down more than 3% in late-morning trade, fell into bear market territory Monday – defined by a dip of more than 20% from its most recent high — with little upbeat news on the horizon and not much going well on three key fronts: surging inflation, rising interest rates and the Russia-Ukraine War. The…

UPDATED at market open: The DJIA was down 240 points or 0.87%, having shaved half its premarket losses. Media and tech shares were down across the board. U.S. stocks however had cut their losses by the open following hours of volatile trading, in part, observers speculated, on hopes that President Trump’s positive…

Celebrated Chinese filmmaker Zhang Yimou’s latest picture, One Second, has been abruptly pulled from its competition slot at the Berlin Film Festival. A translated post on the movie’s official Weibo account reads, “One Second is not allowed to be shown at the Berlin International Film Festival for technical reasons…

EXCLUSIVE:  The worldwide rights to Simple Wedding, executive produced by and starring Rita Wilson, with Shohreh Aghdashloo and Tara Grammy, has been reached in an agreement with Blue Fox Entertainment for domestic distribution. Blue Fox is introducing the film to buyers this week at the European Film Market in…

Film Mode Entertainment racked up sales at the European Film Market in Berlin for Rabid, the Soska Sisters’ reimagining of David Cronenberg’s 1977 namesake cult classic, and for Project Ithaca, a sci-fi thriller with compelling visual effects. Rabid stars Laura Vandervoort (Jigsaw, V) and Ben Hollingsworth (Code Black…

EXCLUSIVE: Alistair Legrand (Clinical) has been set to direct supernatural horror thriller Mile 81, based on the 2011 novella by Stephen King. Producer is Ross M. Dinerstein, who recently produced Netflix's King adaptation 1922 and the streaming service’s John Grisham inspired docuseries The Innocent Man. Paradigm is…

EXCLUSIVE: The Kindergarten Teacher‘s Sara Colangelo has been set to direct MadRiver Pictures’ true-life biographical drama What Is Life Worth. As Deadline reported out of the EFM last year, Michael Keaton is starring in the project; Stanley Tucci has also now joined to co-star. Principal photography is set to begin…

EXCLUSIVE: Financier/producer/distributor Anton has come aboard John Boyega-starrer Naked Singularity to co-finance with 3311 Productions and executive produce. The company is handling worldwide sales, kicking off at the EFM this week; Endeavor Content is repping domestic. IT co-writer Chase Palmer will make his…

STXfilms is in final negotiations to acquire U.S. distribution rights on dark comedy King Of The Jungle, the movie based on the wild true story of rogue tech magnate John McAfee. As Deadline previously reported, Seth Rogen and Michael Keaton are in talks to star. STX is committing to a wide theatrical release. CAA…

Lily Collins has been been set to star in Inheritance, a thriller starring Simon Pegg that is being directed by Pegg’s Terminal director Vaughn Stein. Kate Mara was originally in place as the female lead in the pic, but scheduling changes prompted the switch. UTA and Highland Film Group are co-repping U.S. rights to…