Recent reports suggest that Paramount and Skydance have reached an agreement to merge their operations. This merger, spearheaded by David Ellison’s Skydance and backed by private equity firms RedBird Capital and KKR, could potentially reshape the landscape of the entertainment industry. The negotiations have been intensive, with both parties working towards finalizing the terms of
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Moderna and Merck recently shared positive three-year data on their experimental vaccine in combination with Keytruda for patients with the most deadly form of skin cancer. The combination of the vaccine and Keytruda showed significant improvements in survival rates and exhibited long-lasting efficacy in a midstage study presented at the American Society of Clinical Oncology
The pre-market trading session has revealed a significant surge in GameStop’s stock, with a remarkable over 77% increase. This surge comes amid speculation that Keith Gill, famously known as Roaring Kitty, holds a stake in GameStop worth $116 million. On the other hand, AMC Entertainment has also seen a notable rise of about 25% in
Dutch digital bank Bunq has set its sights on obtaining a banking license from UK financial regulators, with hopes of achieving this milestone by the end of the year or early next year. CEO and founder Ali Niknam expressed optimism about the process, acknowledging the differences in regulatory requirements between the UK and other European
Recently, Skydance Media made a revised offer to Paramount Global to purchase a specific number of non-voting Paramount shares at $15 each. This new proposal represents a significant premium of approximately 26% to the closing price on Friday. Following the revised offer from Skydance Media, a special committee of Paramount’s board has agreed to recommend
Recently, there have been claims made that former President Donald Trump promised oil executives a reduction in regulations in exchange for financial support for his potential return to the White House. However, North Dakota Gov. Doug Burgum, who is rumored to be a potential pick as Trump’s running mate, has vehemently denied these allegations. According
In a surprising move, Nvidia CEO Jensen Huang unveiled the company’s next generation of artificial intelligence chips, named “Rubin,” just months after the announcement of the “Blackwell” model. The announcement took place ahead of the COMPUTEX tech conference in Taipei, marking a significant advancement in AI chip technology by Nvidia. With the introduction of Rubin,
As tumultuous markets continue to create uncertainty for investors, seeking out dividend-paying stocks can provide stability and reliable income. One such stock that stands out among Wall Street analysts is tech giant IBM. Despite announcing mixed first-quarter results, IBM’s earnings surpassed expectations, while revenue fell short due to macroeconomic challenges. In addition, the company recently
Recently, a Delaware judge made a significant ruling regarding the over 70,000 lawsuits filed against the former makers of the heartburn drug Zantac. The judge, Vivian Medinilla of the Delaware Superior Court, allowed expert witnesses to testify in court that Zantac may be linked to cancer. This decision was seen as a setback for the
The post-holiday box office weekend saw a significant decline in earnings compared to the previous year, with all titles grossing an estimated $68.6M, a staggering 66% drop from the previous year’s total of $205.1M. This poor performance can be attributed to various factors, including lackluster movie releases and overall audience disinterest in the available options.
Adam Moelis, co-founder of Yotta, had noble intentions when he started the fintech startup in 2019. He aimed to provide Americans with a unique way to save money and build financial stability. However, what unfolded was far from his vision. A dispute between Yotta’s banking partners, Synapse and Evolve Bank & Trust, led to the
The global equities index, MSCI, saw a notable rebound in afternoon trading as investors repositioned themselves for month-end activities. Initially in the red, the MSCI All Country World Price Index turned positive towards the end of the session before Wall Street trading closed. The index was up 0.57% at 785.54, showcasing a strong recovery from
Dell Technologies saw its stock slide more than 16% after executives warned investors about further margin pressure in the coming years. While the company posted a first-quarter earnings beat on both the top and bottom line, the forecast of a roughly 150 basis point reduction in gross margin by 2025 caused concern among shareholders. On
The Food and Drug Administration has given its approval for Moderna’s vaccine for respiratory syncytial virus for adults aged 60 and older. This marks the company’s second product to enter the U.S. market, providing Moderna with a much-needed revenue stream as demand for its Covid jab declines. The decision to approve Moderna’s shot was based