Paramount Skydance CEO David Ellison is pushing back against California AG Rob Bonta's lawsuit blocking the $81 billion merger with Warner Bros. Discovery, warning that blocking the deal could lead to job losses in Hollywood and the eventual takeover of studios by tech giants like Amazon and Apple. Ellison argues that traditional studios need to merge to compete with tech companies and that the merger is crucial for Warner Bros. Discovery's financial health, which currently carries $30 billion in debt. The merger has been approved globally except by a few state attorneys general, with no settlement talks yet scheduled. Ellison also threatens to move Paramount's operations out of California if no agreement is reached by October 1, while facing a costly daily fee if the deal doesn't close soon.
Bittensor (TAO) experienced a 7% price decline in the past 24 hours, continuing a losing streak since early September. Open Interest fell by over 14%, signaling weak demand in both spot and derivatives markets. Despite a recent rally to nearly $280, ...
Jupiter (JUP) surged 8.64% to $0.2477, driven by expanding decentralized applications and growing user interest in its ecosystem. In contrast, Cosmos Hub (ATOM) fell 8.78% to $1.65 due to worries over network upgrades and interoperability issues. Thi...
Oracle founder Larry Ellison has set up a trading plan allowing him to sell up to 50 million shares, worth about $7.5 billion, by October 24. This is unusual as Ellison has rarely sold large amounts of Oracle stock before, holding over 40% of the com...
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
J.P. Morgan has appointed Nelle Miller and William Sinclair as co-CEOs of its U.S. Private Bank, a major wealth management division with over $2.4 trillion in client assets. Miller and Sinclair bring extensive experience in wealth management and clie...
