Paramount reported mixed Q2 results with strong streaming growth, adding 2 million Paramount+ subscribers to reach 81.6 million worldwide, but faced challenges in theatrical and linear TV revenue. Total revenue was flat at $6.9 billion, and net profit fell to $41 million. The company raised its 2026 adjusted EBITDA outlook and expects over $2.7 billion in cost savings from its Skydance merger. However, the planned $110 billion merger with Warner Bros. Discovery is on hold due to an antitrust lawsuit, with a trial set for March. Paramount remains confident the merger will close after regulatory approvals from 65 jurisdictions and emphasizes its competitive position against tech giants in entertainment.
Ondo Finance has introduced an in-kind conversion route allowing approved institutions to directly convert existing shares into Ondo Stocks tokens via Alpaca’s Instant Tokenization Network on Ethereum and BNB Chain. This new process eliminates the ne...
Capricor Therapeutics faces a class action lawsuit alleging it made false statements about the progress of its drug deramiocel towards FDA approval. The lawsuit claims the company misled investors by promoting positive trial results while knowing of ...
Alibaba announced its new AI chip, the Zhenwu V900, which offers three times the performance of its predecessor, and plans to expand its global data center capacity to over 20 gigawatts by 2032. This move aims to strengthen Alibaba Cloud's position i...
SEI token surged over 25% to $0.06285 after breaking the $0.052 resistance, driven by a 289% spike in daily volume to $203.44 million, signaling strong market participation. Canary Capital's proposed ETF plans to stake 90% of its SEI holdings, potent...
Trueo announced plans to migrate its prediction market protocol from the Base Layer 2 to the Ethereum mainnet, citing Ethereum's better liquidity, integration, and long-term infrastructure. Existing Base markets will remain operational until their ex...
