Business

Recently, Paramount and Skydance have reached an agreement on the terms of a merger, with CNBC’s David Faber reporting that a deal could be announced in the near future. This merger involves a special committee from Paramount and a buying consortium led by David Ellison’s Skydance, supported by private equity firms RedBird Capital and KKR.
American Eagle recently announced that it is making strides in boosting profitability through improving its product assortment and operational tweaks. Despite this positive development, the company’s fiscal first-quarter sales fell short of Wall Street’s expectations. However, the company reported a 6% increase in revenue compared to the previous year, setting a first-quarter record. Despite this,