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.
Business
When Adam Moelis co-founded a fintech startup named Yotta in 2019, he had noble intentions of providing Americans with a new way to save money and build financial security. However, his vision quickly turned into a nightmare as the company became embroiled in a crisis that left thousands of customers in dire straits. The ordeal
The recent approval by the Food and Drug Administration of Moderna’s vaccine for respiratory syncytial virus (RSV) for adults aged 60 and above marks a significant milestone in the company’s journey to diversify its product offerings. This approval comes at a crucial time for Moderna, as it seeks to address the declining demand for its
The real estate market saw a significant decline in signed sales contracts on existing homes in April, with a 7.7% drop compared to March. This decrease marked the slowest pace since April 2020, reflecting the impact of escalating interest rates on home sales. The average rate on the 30-year fixed mortgage surged from around 6.9%
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,
Porsche recently unveiled the first-ever production hybrid version of its iconic 911 sports car, the 2025 911 Carrera GTS hybrid, with a starting price of $164,900. This marks a significant shift for the German automaker, as it joins the trend of increasing electrified vehicles and tightening fuel economy standards. The hybrid model promises enhanced performance
Cinemas around the world have been facing challenges in recent years, with the rise of streaming services and the impact of the pandemic leading to a decrease in theater attendance. However, companies like CJ 4DPlex have been working hard to revolutionize the movie theater experience and bring audiences back to the big screen. One such
Traveling enthusiast Lora Bowler, a New York resident, has recently made the decision to cut back on her vacation expenses, despite her love for luxury getaways. In a year where she found herself spending more than anticipated, Bowler turned to travel hacks and benefits to help alleviate some of the financial burden. This shift towards
Boeing and NASA are pressing ahead with the launch of the Starliner capsule to transport U.S. astronauts, despite a “stable” leak in the spacecraft’s propulsion system. Boeing remains confident in identifying the causes of the leak, reassuring that it does not pose a safety risk for the upcoming mission. The first crewed launch of the
General Motors CEO and Chair Mary Barra has recently addressed the rumors about her potential retirement, stating that she has no intentions of stepping down any time soon. Despite being the longest-tenured CEO after the company’s founder, Barra emphasized that she is fully committed to ensuring the company’s transformation is moving in the right direction.