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have been reining

  • present perfect progressive
    of rein.
    rein
    noun
    Often a leather strap, fastened to each end of the bit of a bridle, by which the rider or driver controls a horse or other animal by pulling so as to exert pressure on the bit.

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Many Hollywood studios have been reining in investments in content and laying off hundreds of workers in an effort to stem losses at their streaming platforms.

From Los Angeles Times ● Apr. 19, 2023