Paramount CEO David Ellison expressed openness to settling the antitrust lawsuit challenging its $110 billion merger with Warner Bros Discovery but also stated confidence in winning at trial. The lawsuit, filed by 12 state attorneys general and the Writers Guild of America, has delayed the merger with a trial set for March. Paramount has committed to paying a quarterly "ticking fee" of about $650 million to Warner Bros Discovery shareholders if the deal is delayed past September 30, plus additional fees related to bridge financing. Despite these challenges, Paramount's CFO affirmed the company's strong financial position and confidence in closing the deal as planned.
TORM plc increased its share capital by issuing 31,483 new Class A shares following the exercise of Restricted Share Units (RSUs). These shares were subscribed for in cash at DKK 179.80 each, raising the company's share capital to USD 1,024,212.67 di...
Berkshire Hathaway, under new leadership by Greg Abel, is adjusting its portfolio with $19.8 billion in net equity purchases and $4.5 billion in share buybacks during Q2. The company is increasing exposure to Alphabet and homebuilders while maintaini...
Circle announced it will stop new USDC minting on the Noble blockchain by October 13, 2026, and fully pause Noble's USDC contract and Cross-Chain Transfer Protocol V1 (CCTP V1) routes by January 12, 2027. Users must move their USDC off Noble before t...
Bitcoin Bancorp acquired 2,547 cryptocurrency ATMs from the bankrupt Bitcoin Depot for about $620,750, a fraction of their $26 million book value. Bitcoin Depot filed for Chapter 11 bankruptcy after a 49% revenue drop and regulatory pressures that ma...
U.S. diesel prices reached a record $6 per gallon due to supply disruptions caused by the wars in Ukraine and Iran, pushing transportation and fuel costs higher. This rise impacts the entire economy as diesel powers trucks, trains, and farming machin...
