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.
Alkermes plc's drug ALKS7290 demonstrated significant improvement in ADHD symptoms in a Phase 1b trial, with patients showing a 14- to 19-point gain on a 54-point scale within two weeks. This outperforms typical placebo effects, which range from 6 to...
Morgan Stanley upgraded NNN REIT from Neutral to Overweight due to its stable income and strong financial health. The REIT boasts a 99.1% occupancy rate and 97.5% fixed-rate debt, ensuring steady rental income and protection against interest rate hik...
Coinbase has launched a new feature allowing eligible U.S. retail traders to request IPO shares at the offer price before public trading begins, starting with Oura's IPO. This move gives retail investors early access to high-interest companies and en...
World Liberty Financial has launched a governance vote proposing a new rewards program for WLFI token holders. To earn rewards, holders must lock their tokens for 180 days and actively vote on governance proposals at least once every 90 days, with de...
Bitcoin's price approached $86,000, its highest level in eight months, marking a 6% increase in 24 hours and over 30% since August 19. Despite this rise, US spot demand remains weak as indicated by the slightly negative Coinbase premium, suggesting l...
