GlaxoSmithKline Said to Plan Hundreds of U.S. Job Cuts

The transcript covers three main topics: the decline in oil prices, with West Texas Intermediate falling below $65 a barrel and speculation about further drops; GlaxoSmithKline's announcement of job cuts due to poor sales in its US operations; and Sony Pictures' request for an FBI investigation into the unauthorized online release of its films, coinciding with a cyber attack on the studio.

What significant milestone did West Texas Intermediate reach, as mentioned in the video?

• It increased to $85 a barrel.

• It stabilized at $75 a barrel.

• It dropped below $65 a barrel.

• It rose above $100 a barrel.

What is the speculation regarding US shale oil producers in the context of declining oil prices?

• They will stop production entirely.

• They will reduce their output.

• They will increase their output.

• They will maintain their current output.

What is the main reason for the job cuts at Glaxo Smith Kline?

• Expansion into new markets.

• High production costs.

• Poor sales of respiratory medicines.

• Increased competition in the industry.

What action is Sony Pictures taking in response to its films appearing on piracy websites?

• Releasing the films earlier.

• Asking the FBI to investigate.

• Increasing marketing efforts.

• Suing the piracy websites.

What coincided with the unauthorized release of Sony Pictures' films?

• A major film festival.

• A cyber attack on the studio.

• A change in studio management.

• A new film release by a competitor.