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Warner Bros Shareholders Approve $110B Paramount Merger

Warner Bros. Discovery shareholders have approved an $110 billion merger with Paramount Skydance, marking a significant step in reshaping the media landscape. The deal still requires approval from the U.S. Department of Justice and European competition regulators before it can be finalized by Septem

Apr 23, 11:42 AM ET Est. Read: 3 Mins

12 articles from 9 publishers

BusinessEconomy

Global Jet Fuel Crisis Threatens Air Travel

The ongoing conflict in the Middle East has triggered a global crisis in jet fuel supplies. The Strait of Hormuz remains closed, disrupting crude oil imports for major refining nations like South Korea, Singapore, India, and Japan. Jet fuel prices have more than doubled since February, reaching as h

Apr 23, 7:49 AM ET Est. Read: 1 Mins

7 articles from 7 publishers

BusinessCorporate

Sun Sues Trump's Crypto Firm Over Alleged Fraud

Cryptocurrency billionaire Justin Sun has sued World Liberty Financial , a digital currency venture co-founded by President Donald Trump and his sons, alleging fraud and illegal freezing of his tokens worth up to $billion. The lawsuit, filed on Tuesday in California federal court, accuses the compan

Apr 22, 3:29 PM ET Est. Read: 3 Mins

5 articles from 5 publishers

More Business Summaries

Technology

Tesla Reports $1.4B Surplus Amid AI Spending Push

Tesla reported a surprise cash surplus of $1.44 billion in the first quarter of 2026, providing temporary financial relief as it prepares for substantial investments in AI development and robotics. The company expects negative free cash flow for the rest of the year due to its ambitious $25 billion

Apr 22, 1:09 PM ET·2 min read

9 articles from 5 publishers

Legal

NY AG Sues Coinbase, Gemini Over Illegal Gambling

New York Attorney General Letitia James has filed lawsuits against cryptocurrency companies Coinbase and Gemini Titan , alleging that their prediction markets violate state gambling laws. According to multiple reports, the lawsuits were filed on Tuesday in Manhattan state court. The Attorney General

Apr 22, 1:09 PM ET·2 min read

4 articles from 3 publishers

Economy

Karex to Raise Condom Prices Amid Iran War Supply Chain Disruptions

The world's largest condom manufacturer, Karex Bhd. , plans to raise prices by 20% to 30% due to supply chain disruptions caused by the Iran war. According to multiple reports, Karex CEO Goh Miah Kiat stated that production costs have risen sharply since the conflict began in late February. The Mala

Apr 21, 11:42 PM ET·2 min read

5 articles from 5 publishers

Corporate

SpaceX Targets $1.75T Valuation in Record IPO

SpaceX is targeting a record-breaking valuation of nearly $1.75 trillion for its upcoming initial public offering (IPO), which could make it the largest IPO in history. The company is seeking to raise approximately $75 billion , according to multiple reports. The rocket and satellite maker has secur

Apr 21, 9:34 PM ET·3 min read

16 articles from 3 publishers

Markets

Polymarket Seeks $400M Fundraise at $15B Valuation

Polymarket, an online prediction market platform, is in discussions to raise $400 million in funding at a valuation of up to $15 billion according to The Guardian and The Information . This potential fundraising round represents a significant increase from the company's previous valuation. According

Apr 21, 5:06 PM ET·1 min read

3 articles from 3 publishers

Technology

John Ternus to Lead Apple Amid AI Challenges

John Ternus will take over as CEO of Apple from Tim Cook in September, facing significant challenges including catching up with competitors in artificial intelligence (AI) and diversifying revenue beyond the iPhone. According to The Guardian , Ternus is moving up from his role as head of engineering

Apr 21, 3:10 PM ET·4 min read

8 articles from 4 publishers

Automotive

VW Adds AI Agents to China Cars

Volkswagen Group plans to equip new cars built for the Chinese market with AI 'agents' starting in the second half of this year. The move aims to help Volkswagen catch up with advanced technology offered by Chinese automakers, as reported by TimesLIVE , Reuters , and CNBC . The German carmaker annou

Apr 21, 11:08 AM ET·2 min read

4 articles from 3 publishers

Legal

Prosecution Rejects Arrest Warrant for Hybe Chairman Bang

Prosecutors in South Korea have rejected a police request for an arrest warrant against Bang Si-Hyuk , the founder and chairman of K-pop powerhouse Hybe, citing insufficient evidence. The Seoul Southern District Prosecutors' Office returned the arrest warrant request filed earlier this week to the p

Apr 21, 8:54 AM ET·2 min read

5 articles from 4 publishers

Corporate

ABF to Split Primark from Food Businesses by 2027

Associated British Foods (ABF) has announced plans to split its fashion chain Primark from its food businesses by the end of 2027. The company stated that both entities will be stronger as standalone companies with their own boards and dedicated investors. The demerger will separate Primark, which o

Apr 21, 6:56 AM ET·2 min read

5 articles from 3 publishers

Corporate

Tim Cook Steps Down as Apple CEO

Tim Cook will step down as CEO of Apple on September 1 , transitioning to an executive chairman position after nearly 15 years in the role. He will be succeeded by John Ternus , a senior vice president of hardware engineering at Apple who has been with the company for more than two decades. During C

Apr 20, 6:06 PM ET·3 min read

25 articles from 14 publishers

Economy

US Launches $166B Tariff Refund Portal

The federal government has launched an online portal for businesses to request $166 billion in tariff refunds after the Supreme Court ruled President Donald Trump's tariffs unconstitutional. According to multiple sources, U.S. Customs and Border Protection (CBP) began accepting claims on Monday thro

Apr 20, 2:01 PM ET·2 min read

6 articles from 5 publishers

Economy

Spirit Airlines Shuts Down After Bailout Fails

Spirit Airlines officially ceased operations on Saturday, May 4, 2026, after failing to secure a $500 million bailout from the Trump administration. The shutdown leaves over 17,000 employees without jobs and affects thousands of passengers who had booked flights with the airline. The collapse comes

Apr 18, 1:42 AM ET·4 min read

61 articles from 16 publishers

Corporate

Judge Blocks Nexstar-Tegna Merger Over Antitrust Concerns

A federal judge has blocked Nexstar Media Group's $6.2 billion takeover of rival Tegna , according to multiple reports. Chief Judge Troy Nunley of the Eastern District Court of California issued a preliminary injunction on Friday, requiring Nexstar to operate the acquired stations separately until a

Apr 18, 12:01 AM ET·3 min read

6 articles from 6 publishers

Legal

Carnival Ordered to Pay $300K for Overserving Passenger

A federal jury in Miami ordered Carnival Cruise Line to pay $300,000 to a California woman who was overserved alcohol and subsequently injured on one of its ships. The jury found Carnival 60% liable for negligence after Diana Sanders, a nurse from Sacramento, consumed at least 14 shots of tequila ov

Apr 17, 5:21 PM ET·1 min read

4 articles from 3 publishers

Corporate

Air New Zealand to Offer Economy Bunk Beds

Air New Zealand will introduce triple-tier bunk bed sleep pods for economy-class travelers on its long-haul flights between Auckland and New York starting November 2026. The airline's new Boeing 787-9 Dreamliner aircraft will feature six curtained Skynest pods arranged in a triple-bunk style layout,

Apr 17, 8:14 AM ET·2 min read

5 articles from 5 publishers

Corporate

Hastings to Exit Netflix Board Amid Growth Questions

Netflix co-founder Reed Hastings announced he will not stand for re-election as chairman at the company's annual meeting in June, ending his tenure after nearly three decades. The news came alongside Netflix's first-quarter earnings report, which showed a revenue increase of 16% to $12.3 billion but

Apr 16, 5:21 PM ET·4 min read

8 articles from 7 publishers

Energy

UK Expands Energy Bill Support for Manufacturers

The UK government has expanded its British Industrial Competitiveness Scheme (BICS) to help more manufacturers with their energy bills. The scheme, which will start in April 2027, aims to cut electricity costs by up to 25% for around 10,000 energy-intensive firms in sectors such as steel and pharmac

Apr 16, 3:23 PM ET·2 min read

3 articles from 3 publishers

Economy

PepsiCo's Price Cuts Boost Sales Amid Economic Uncertainty

PepsiCo reported an 8.5% increase in first-quarter sales, reaching $19.4 billion (£14.4 billion), after implementing price cuts on popular snacks like Doritos and Lay's by up to 15%. This strategy helped the company win back customers who had been struggling with rising costs since 2022. According t

Apr 16, 1:06 PM ET·1 min read

4 articles from 3 publishers

Corporate

Snap to Cut 16% Workforce, Cites AI Advancements

Snap Inc., the parent company of Snapchat, announced on Wednesday that it will lay off approximately 16% of its global workforce, affecting about 1,000 employees . The company also plans to forgo filling around 300 open positions , as reported by multiple sources including UPI and Reuters. Evan Spie

Apr 15, 6:44 PM ET·2 min read

4 articles from 4 publishers

Legal

Jury Finds Live Nation a Monopoly

A federal jury in Manhattan has ruled that Live Nation Entertainment and its subsidiary, Ticketmaster, operated an illegal monopoly over concert venues and live event markets. The verdict came after a five-week trial and four days of deliberations. The ruling found that Ticketmaster had overcharged

Apr 15, 6:44 PM ET·1 min read

11 articles from 10 publishers

Economy

S&P 500 Hits Record High Amid Iran War Concerns

The S&P 500 hit a new record high on Wednesday, climbing 56 points , or 0.8% , to close at 7,023 . The Nasdaq Composite Index also ended in record territory, jumping 377 points , or 1.6% , to 24,016 , eclipsing its previous record of 23,958 in October 2025. The rally marks a sharp reversal from la

Apr 15, 4:23 PM ET·1 min read

5 articles from 3 publishers

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Business

Warner Bros Shareholders Approve $110B Paramount Merger

Global Jet Fuel Crisis Threatens Air Travel