The Writers Guild of America has filed a lawsuit to block Paramount's $81 billion acquisition of Warner Bros. Discovery, arguing the merger would harm writers by reducing competition, lowering wages, and cutting job opportunities. The union claims the combined company would dominate the market, suppressing wages and reducing projects for writers in TV and film. Paramount disputes these claims, promising to expand opportunities and maintain separate studios. This legal challenge follows a similar lawsuit from 12 states, adding regulatory hurdles to the deal, which aims to close in Q3 2026.
Allianz reported a record operating profit of €4.87 billion in Q2 2026, a 10.6% increase year-over-year, driven by strong asset management and life and health segments. Despite this, shareholders' core net income declined by 8.7% to €2.60 billion, mi...
Quantum Corporation is set to report earnings on August 10, 2026, with analysts expecting a loss of $0.15 per share and revenue of $75.05 million. The company shows signs of financial strain, including a negative price-to-earnings ratio of -1.45 and ...
Take-Two Interactive's stock rose following a strong first-quarter earnings report that beat revenue and EBITDA estimates, driven by robust operational results. Analyst Roth Capital reaffirmed a "Buy" rating and raised the price target to $300, refle...
Airbnb's stock surged to a 52-week high of $176.40 following strong financial results, including a 17% revenue increase and 16% growth in Gross Booking Value. Analysts from Evercore ISI and Wedbush raised their price targets to $190 and $200 respecti...
Rapid Micro Biosystems reported Q2 2026 revenue of $8.05 million, an 11% increase year-over-year, driven by strong product and consumable sales. The company placed its 200th Growth Direct system, boosting recurring revenue to 63% of total revenue. Ho...
