Oscar 2023 live updates: 'Everything Everywhere All at Once' is the big favorite

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Oscar 2023 live updates: 'Everything Everywhere All at Once' is the big favorite
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'Everything Everywhere All at Once' is the big favorite at the Oscars – follow live updates here

This is CNBC's live blog covering the 95th annual Academy Awards. Please check back for updates throughout the evening.

Throughout the awards season, "Everything Everywhere All at Once" has snared wins for acting, directing and best picture from various groups. Many expect it to sweep best picture, best director, best actress and best original screenplay. "Everything Everywhere All at Once" is not nominated for best actor, a category that for the first time since 1935 features five actors that have never been nominated before. Ke Huy Quan is nominated for best supporting actor for his role in the film and is expected to go home with the trophy.

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