Paramount’s seven-day offer discussion window with Warner Bros. closes on Monday at 11:59 p.m. ET.
Category: Business
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Tech winners haven’t crushed tech losers by this much since the dot-com bubble was bursting
“Beware chasing good charts in technology, and at the margin, reduce exposure,” wrote Jeff deGraaf, Renaissance Macro’s head of technical research. -
Analysts slash Salesforce price targets ahead of Wednesday earnings, as narrative of AI eating its lunch persists
Salesforce reports earnings Wednesday. -
Novo Nordisk sinks after its experimental obesity drug falls short of Eli Lilly’s in head-to-head trial
Earlier this month, Novo predicted that its sales would decline by between 5% and 13% in 2026 amid rising competition. -
OpenAI boosted its revenue and cash burn forecasts, The Information reports
More top line growth, more cash outflows. -
Futures fall after President Trump announces new global tariff rate boosted to 15%
Wall Street believes Trump is still committed to raising tariffs, but he is likely to face more constraints in instituting levies under alternative authorities. -
Microsoft makes dramatic shakeup to its gaming division as gaming CEO Phil Spencer and Xbox president Sarah Bond depart
The tech giant said it is making a “renewed commitment to Xbox starting with console.” -
Stocks rise as the Supreme Court strikes down Trump’s tariffs
In response, Trump said he was imposing a 10% global tariff effective immediately under section 122 of the 1974 Trade Act. -
Lucid cuts 12% of its US workforce in a profitability push
Lucid’s interim CEO said the move was necessary to “improve operational effectiveness” and optimize resources. -
Prediction markets give slight edge to Netflix in Warner Bros. battle after eventful week
The ongoing bidding war between Paramount and Netflix for the acquisition of Warner Bros. Discovery had some significant news this week that could change the outcome. -
Aave dips amid BGD Labs announcing it will cease contributions
“Their departure is the most significant talent loss in Aave’s history.” -
Judge rejects Tesla’s attempt to overturn $243 million verdict over fatal 2019 autopilot crash
Tesla previously rejected a $60 million settlement proposal regarding the lawsuit.
