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Judge Halts Nexstar-Tegna Merger Over Antitrust Concerns

U.S. District Judge Troy Nunley has temporarily halted Nexstar Media Group's $6.2 billion acquisition of Tegna , ordering the companies to cease integration efforts pending further review. The judge's ruling comes in response to a lawsuit filed by DirecTV, which argued that the merger would violate

Mar 30, 5:36 PM ET Est. Read: 1 Mins

3 articles from 3 publishers

BusinessAutomotive

Iran War Threatens Luxury Carmakers' Gulf Profits

The ongoing Iran war is disrupting the profits of luxury carmakers from the Middle East, a region that accounts for less than 10% of sales volume but delivers disproportionately high margins due to demand for bespoke models. The conflict has caused significant disruptions in shipping routes, affecti

Mar 30, 4:37 AM ET Est. Read: 2 Mins

4 articles from 3 publishers

BusinessPharmaceuticals

Eli Lilly Expands AI Drug Deal with Insilico for $2.75B

Eli Lilly and Insilico Medicine have expanded their partnership with a deal potentially worth $2.75 billion , focusing on the development of oral treatments through AI-powered drug discovery. The agreement grants Eli Lilly exclusive worldwide rights to develop, manufacture, and commercialize certain

Mar 29, 3:47 PM ET Est. Read: 2 Mins

5 articles from 3 publishers

More Business Summaries

Legal

Musk Seeks Recusal of Judge in Tesla Shareholder Lawsuits

Elon Musk has formally requested that Delaware Chancellor Kathaleen McCormick recuse herself from two shareholder lawsuits against him and Tesla, alleging bias after she appeared to support a LinkedIn post critical of him. The dispute stems from a recent jury verdict where Musk was found liable for

Mar 27, 4:11 PM ET·3 min read

7 articles from 3 publishers

Technology

Sony Raises PS5 Prices by $100-$150 Globally

Sony is raising the prices of its PlayStation 5 consoles by up to $150 in the US and £90 in the UK, effective April 2. The company attributes this increase to 'continued pressures in the global economic landscape' , particularly rising costs for memory components driven by demand from AI data center

Mar 27, 4:10 PM ET·1 min read

3 articles from 3 publishers

Trade

Canada Aims to Finalize Mercosur Trade Deal by Autumn

Canada is pushing to finalize a free-trade agreement with South America's Mercosur bloc by autumn. Maninder Sidhu , Canada's minister of international trade, expressed optimism about accelerating negotiations during the World Trade Organization (WTO) conference in Yaounde, Cameroon. The minister rev

Mar 27, 4:10 PM ET·4 min read

11 articles from 3 publishers

Economy

USPS to Impose Temporary Fuel Surcharge

The U.S. Postal Service (USPS) announced on Wednesday its plan to impose a temporary 8% fuel surcharge on select package services starting April 26, pending approval from the Postal Regulatory Commission. The surcharge will apply to Priority Mail Express, Priority Mail, USPS Ground Advantage, and Pa

Mar 25, 7:37 PM ET·2 min read

5 articles from 4 publishers

Corporate

Air Canada CEO to Retire After Bilingualism Backlash

Air Canada CEO Michael Rousseau will retire by September amid backlash over his English-only condolence message following a fatal crash at New York's LaGuardia Airport. The March 22 incident killed two pilots, including French-speaking Quebecer Antoine Forest and Mackenzie Gunther, while injuring do

Mar 25, 5:21 PM ET·2 min read

13 articles from 8 publishers

Markets

Polymarket Faces Scrutiny Over Suspicious Bets on Iran War

Polymarket, a cryptocurrency-based online platform that allows users to bet anonymously on event outcomes, is facing scrutiny over suspiciously timed bets related to the US-Israeli war on Iran. Researchers and analysts have identified patterns suggesting insider knowledge of key White House decision

Mar 25, 12:22 PM ET·2 min read

3 articles from 3 publishers

Corporate

Merck to Acquire Terns Pharma for $6.7B

Merck has announced its intention to acquire Terns Pharmaceuticals for approximately $6.7 billion, according to statnews.com . The deal values Terns at $53 per share, representing a 6% premium over its Tuesday closing price. This acquisition is aimed at strengthening Merck's cancer drug pipeline as

Mar 25, 12:22 PM ET·1 min read

4 articles from 3 publishers

CorporateMIXED REPORTS

SK Hynix Plans U.S. Listing for ADRs in 2026

SK Hynix Inc., one of the world's leading memory chip manufacturers, announced on Wednesday that it has begun taking steps to list American Depositary Receipts (ADRs) on the U.S. stock market by the second half of 2026. The South Korean company filed a confidential submission with the U.S. Securitie

Mar 25, 3:36 AM ET·1 min read

3 articles from 3 publishers

Corporate

Estée Lauder in Merger Talks with Puig

Estée Lauder Companies is in talks with Spanish beauty group Puig about a potential merger that could create a $40bn fashion and beauty giant, according to multiple reports. The US cosmetics company and Puig confirmed discussions but provided no details on the possible structure of the merger. The d

Mar 25, 12:31 AM ET·2 min read

4 articles from 3 publishers

Corporate

Epic Games Cuts Over 1,000 Jobs Amid Fortnite Slowdown

Epic Games , the publisher behind popular video game Fortnite , announced on Tuesday that it is laying off more than 1,000 employees. This represents about a quarter of its workforce. The Cary, North Carolina-based company cited industry-wide challenges such as slower growth and weaker spending in

Mar 25, 12:31 AM ET·2 min read

4 articles from 4 publishers

Trade

Australia-EU Trade Deal Cuts Tariffs

Australia and the European Union have signed a landmark free trade agreement that will eliminate most tariffs on agricultural products, according to multiple reports. The deal, worth about A$10bn ($7bn; £5.2bn), was inked on Tuesday with both Australia's prime minister and the head of the European C

Mar 24, 12:22 AM ET·2 min read

3 articles from 3 publishers

Economy

Fink Warns AI Boom May Widen Wealth Gap

BlackRock CEO Larry Fink has warned that the rapid rise of artificial intelligence could exacerbate wealth inequality, benefiting only a handful of companies and investors. In his annual letter to investors, Fink highlighted potential hazards around AI's exponential growth, which he described as 'ce

Mar 23, 1:14 PM ET·3 min read

4 articles from 4 publishers

Corporate

OnlyFans Owner Leonid Radvinsky Dies at 43

Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, has died at age 43 after a long battle with cancer. The company announced his death Monday. Radvinsky transformed what began as an adult-content site into a major platform with 4.6 million content creators and billions in reven

Mar 23, 11:28 AM ET·2 min read

5 articles from 5 publishers

Media

CBS News Shuts Down Century-Old Radio Service

CBS News will shut down its storied radio news service after nearly a century on the air, marking the end of an era. The decision comes amid challenging economic times and shifting media consumption patterns towards digital sources and podcasts. The CBS News Radio service will cease operations on Ma

Mar 20, 4:59 PM ET·2 min read

5 articles from 5 publishers

Media

CBS News Cuts 6% of Workforce, Shutters Radio Service

CBS News announced a new round of layoffs on Friday, affecting roughly 6% of its workforce as part of a strategic restructuring under Editor-in-Chief Bari Weiss and President Tom Cibrowski. The cuts impact approximately more than 60 staffers in the newsroom. The decision comes alongside the closure

Mar 20, 1:06 PM ET·2 min read

4 articles from 4 publishers

Automotive

Uber to Invest $1.25B in Rivian for 50K Robotaxis

Uber Technologies has announced a significant partnership with electric vehicle maker Rivian Automotive , planning to invest up to $1.25 billion to deploy up to 50,000 autonomous robotaxis globally by 2031. The agreement includes the purchase of 10,000 fully autonomous Rivian R2 electric vehicles, w

Mar 20, 12:07 PM ET·2 min read

3 articles from 3 publishers

Corporate

Unilever in Talks to Merge Food Business with McCormick

Unilever, the Anglo-Dutch consumer goods giant behind brands like Marmite, Dove, and Hellmann’s mayonnaise, is in advanced talks to merge its food business with McCormick & Company, the US-based spice and seasoning maker. The potential deal would combine Unilever's food unit, which includes Knorr an

Mar 20, 6:23 AM ET·2 min read

7 articles from 3 publishers

Corporate

FCC Approves Nexstar-Tegna Merger Despite Lawsuits

The Federal Communications Commission (FCC) approved a $6.2 billion merger between Nexstar Media Group and Tegna on Thursday, despite lawsuits filed by eight Democratic-led states seeking to block the deal. The merger creates a company that owns 265 television stations in 40 states and Washington D.

Mar 20, 2:50 AM ET·3 min read

6 articles from 6 publishers

Economy

Australia Investigates Fuel Suppliers Amid Price Surge

Australia's competition watchdog has launched an investigation into major fuel suppliers, including Ampol, BP, Mobil Oil Australia, and Viva Energy, over allegations of anti-competitive conduct. The Australian Competition and Consumer Commission (ACCC) received reports regarding diesel availability

Mar 19, 7:11 PM ET·2 min read

5 articles from 3 publishers

Economy

Airlines Face Rising Fuel Costs Amid Strong Demand

Major U.S. airlines are navigating significant increases in jet fuel prices triggered by the Middle East conflict but report strong ticket sales that are helping to offset these higher costs, according to multiple reports . Executives from Delta Air Lines, American Airlines, and United Airlines told

Mar 18, 5:57 PM ET·2 min read

3 articles from 3 publishers

Corporate

Disney Names Josh D'Amaro as CEO to Succeed Bob Iger

The Walt Disney Co. announced that Josh D'Amaro, the current chairman of Disney Experiences overseeing theme parks, will succeed Bob Iger as CEO on March 18, 2026. According to CBS News , D'Amaro will lead a company with more than $90 billion in annual revenue and approximately 185,000 employees wor

Mar 18, 11:52 AM ET·2 min read

3 articles from 3 publishers

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Business

Judge Halts Nexstar-Tegna Merger Over Antitrust Concerns

Iran War Threatens Luxury Carmakers' Gulf Profits