Oregon AG Withdraws Challenge, Clearing Way for Paramount-Warner Bros. Merger Close
Oregon’s attorney general has dropped the motion to delay the $110 billion Paramount-Warner Bros. merger, removing a key legal hurdle amid ongoing investigations.
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Banijay’s Merger with All3Media Creates Global TV Production Powerhouse
The merger between Banijay and All3Media forms a vast television production group spanning 25 territories with nearly 200 companies, aiming to strengthen creative independence and global reach.
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Record U.S. Stock Rally Faces Pressure as AI-Driven Earnings Expectations Soar
Surging expectations tied to AI investments push S&P 500 profit growth forecasts above 23%, intensifying pressure on companies to exceed lofty earnings benchmarks.
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Sky Acquires ITV and Banijay Merges with All3Media in Major Media Consolidations
Comcast-owned Sky confirmed its acquisition of ITV’s network and streaming operations as Banijay completed its $8 billion merger with All3Media, reshaping the European media landscape.
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MicroStrategy Shares Rise Ahead of Q2 Earnings on Optimistic Profit Forecasts
MicroStrategy stock climbed in early trading on July 10 as analysts anticipate a return to profitability with Q2 earnings due later this month.
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Volkswagen’s Grip on China Weakens as Domestic EV Makers Rise and Expand Globally
Volkswagen’s market share in China has slipped amid fierce competition from local automakers like BYD and Geely, marking a significant shift in the global auto landscape.
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SK hynix Raises $26.5 Billion in U.S. Debut to Expand AI Chip Production
South Korean chipmaker SK hynix completed the largest U.S. listing by a foreign firm, securing $26.5 billion to boost its high-bandwidth memory capacity for AI markets.
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Bethesda Union Organizes Coordinated Marches in Response to Xbox Layoffs
Unionized Bethesda developers plan simultaneous marches across four studios demanding job security, transparency, and meaningful talks after recent Microsoft layoffs.
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Wall Street Banks Strengthen Restrictions on Employee Prediction-Market Trading
Major Wall Street firms have tightened internal rules to bar employees from trading on prediction markets linked to company events, elections, and financial data to reduce conflicts of interest and insider trading risks.
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John Carmack Reflects on Id Software Layoffs Amid Industry Pressures
Id Software co-founder John Carmack expresses sorrow over significant layoffs at the studio, highlighting the harsh realities of succeeding in today’s competitive gaming market.
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Microsoft Faces Major Layoffs Amid Xbox Management Shakeup and Copilot OS Leak
Microsoft announced significant job cuts targeting Xbox’s middle management while an internal leak revealed an experimental Copilot OS running inside Microsoft Edge.
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TeraWulf Seeks $3.5 Billion Debt to Expand AI-Focused Data Center in Kentucky
TeraWulf targets a $3.5 billion debt raise led by Morgan Stanley to finance its Kentucky data center leased long-term by AI firm Anthropic.