Economy Jul 24 Paramount will delay closing Warner buyout for months while judge considers states' challenge In a court filing, Paramount said it wouldn’t close the merger until either a court ruling is made on the merits of the states’ lawsuit or June 1, 2027.
World Jul 22 European Union gives its greenlight to Paramount and Warner's mega merger with some conditions The European Union approved Paramount's $81 billion takeover of Warner Bros. Discovery this week, effectively clearing another regulatory hurdle for a mega merger that could vastly reshape the entertainment and media landscape worldwide.
Nation Jul 13 12 states challenge Paramount's takeover of Warner, say merger would 'extinguish competition' A Paramount-Warner combo would bring together two of Hollywood's last five legacy studios.
World Jul 05 7 OPEC+ countries agree to expand monthly oil production modestly as prices slide The Organization of the Petroleum Exporting Countries and its allies announced on Sunday that seven countries would expand oil production by a combined total of 188,000 barrels per day in August.
Economy Apr 24 What a combined Paramount-Warner would mean for streaming, movies and news While the deal still faces regulatory review, the megamerger would vastly reshape Hollywood and the wider media landscape, further consolidating power in an industry already run by just a handful of major players.
Nation Apr 23 Warner Bros shareholders approve Paramount's $81 billion takeover of the Hollywood giant HBO Max, cult-favorite titles like “Harry Potter” and even CNN could soon find themselves under the same roof with CBS, “Top Gun” and the Paramount+ streaming service. But the deal still faces ongoing regulatory reviews, including from the U.S. Department…
World Apr 19 Oil prices spike again following latest standoff in the Strait of Hormuz The ongoing conflict with the U.S. and Iran prevented tankers from passing through. The price of U.S. crude oil increased 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international…
Economy Apr 16 What lagging jet fuel supplies could mean for airlines and travelers A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn't start flowing again soon — meaning higher airfares and flight cancellations as the…
Economy Apr 12 Iran war puts prediction markets back in the spotlight Prediction markets let people wager on just about anything — from basketball games to elections. And among more jarring bets recently, the fate of the U.S. and Israel’s war against Iran.
Economy Mar 31 National average for gas tops $4 a gallon, the highest since 2022 According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more than before the war began.