The future of Paramount Global is currently in a state of flux, as the special committee overseeing the company’s merger agreement faces competing bids from different parties. Edgar Bronfman Jr. initially offered $4.3 billion for National Amusements, the controlling shareholder of Paramount, in competition with Skydance Media’s previous merger agreement. However, Bronfman raised additional funds
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Ford Motor recently announced a significant shift in its production plans, delaying the manufacturing of a next-generation all-electric pickup truck and canceling a three-row electric SUV. Instead, the company has decided to prioritize the development of hybrid models and electric commercial vehicles. This move signifies Ford’s commitment to delivering a capital-efficient and profitable electric vehicle
Alaska Airlines has announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department after the antitrust investigation period ended without any legal action taken to block the deal. This comes eight months after the initial $1.9 billion agreement was announced by the two airlines for their merger. The next step
Boeing recently announced that it has temporarily halted flight tests of its 777X aircraft after uncovering damage in a specific structure of one of the planes. The company identified the damage in a custom part located between the engine and the airplane structure during routine maintenance. As a precautionary measure, Boeing has also grounded the
The recent revelation by Gilead Sciences of a dangerous drug-counterfeiting operation has sent shockwaves through the pharmaceutical industry. The scheme, allegedly orchestrated by Peter Khaim, a notorious medical fraudster, involved tampering with HIV medications produced by Gilead and then improperly reselling them to unsuspecting patients. This discovery has raised serious concerns about the safety and
As incoming CEO Brian Niccol prepares to take the reins at Starbucks, one of the core issues he will need to address is the problem of operational inefficiencies plaguing the coffee giant. The mobile ordering system, which accounts for roughly one-third of Starbucks’ total sales, has created a bottleneck that is frustrating both customers and
SpaceX is gearing up for its next private mission scheduled to launch at the end of the month. The Polaris Dawn mission, the first of three missions purchased by billionaire Jared Isaacman for his Polaris Program, is set to take off from Florida on August 26. This mission marks the first attempt to have astronauts
Byron Allen, the media mogul known for his interest in acquiring media assets for billions of dollars, is facing backlash due to consistently late payments from broadcast stations owned by Allen Media Group. These payments, totaling tens of millions of dollars throughout the year, have been as much as 90 days past due to networks
A U.S. judge has temporarily halted media giants Disney, Warner Bros. Discovery, and Fox from launching their anticipated sports streaming service, Venu. The injunction came as a response to a lawsuit filed by Fubo TV, the internet TV bundle, alleging anticompetitive practices by the new streaming service, which was set to launch just weeks before
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in the film “Deadpool & Wolverine” has broken records and set a new standard in the world of cinema. Surpassing Warner Bros.’ “Joker,” the Disney and Marvel film has become the highest-grossing R-rated title of all time. With over $1.085 billion in global ticket sales,